September Laurelhurst Real Estate Summary

Kim Dales has provided this neighborhood real estate activity report for the month of September:

4004 50th Avenue NE

September ended up being a much busier month than August, with 4 new listings and of those, 3 went under contract in less than 8 days on the market. 

8 homes sold this month, but notice that of those 8 properties all but one of them sold for at or over the listing price. 

This is a new market. Less multiple offers and with less homes selling over their original listing price. 

My tip this month is, if you are thinking of selling your home this fall or next spring, you need more than ever to have your market ready. In our past market buyers have just let many inspection issues slide, but that is no longer the case.

Here is a checklist to help you prepare your home for the market:

• Trim all vegetation 12 inches away from siding.
• Keep earth 6 inches below/away from siding & all other wood while maintaining a gentle slope away from the home.
• Remove moss from roof. (Avoid pressure washing as this often causes more damage than good. Solutions & instructions can be found at most home improvement centers.)
• Extend downspouts that drain above ground, 6 feet away from structure.
• Clean gutters. (Even small amounts of debris can clog downspouts.)
• Keep trees & branches trimmed 6 feet from roof & off power lines.
• Crawl Space
• Check for signs of rodents, repair damage & obtain pest control operator assistance.
• Be sure all earth is covered with 6 mm black vapor barrier. (with 6" overlaps)
• Remove all cellulose debris large enough to be picked up by a standard garden rake.
• All crawl space vents should be open for proper ventilation (unless freezing.)
• Be sure all bathroom exhaust vents are still attached & lead to exterior of home.
• Keep insulation clear of soffit vents.
• Gas/propane furnaces should be serviced on an annual basis. (Keep proof)
• Correct slow draining sinks & tubs. Fill sinks, then drain, & look for leaks below. Repair.
• Clear storage from blocking electrical panels, attic & crawl space hatches, so the inspector does not have to make an extra trip back & slowing process.
• Remove clothing from washer & dryer so inspector can test for leaks etc.
• Keep the house clean

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4004 50th Ave NE	$1,360,000	3/2.25	1926	2,184	20	$622.71
*3536 45th Ave NE	$1,399,000	5/2.25	1938	2,570	7	$544.36
*3502 43rd Ave NE	$1,947,000	4/3.25	1936	3,490	4	$557.88
*5027 48th Ave NE	$2,275,000	6/3.5	2017	4,800	5	$473.96
4215 55th Ave NE	$2,280,000	5/3.25	1958	3,760	68	$606.38
4214 53rd Ave NE	$2,450,000	4/3	1916	3,671	80	$667.39
3011 E Laurelhurst Dr	$2,995,000	4/3.5	1908	5,380	119	$556.69
3516 46th Ave NE	$3,087,000	6/4.5	1921	4,400	102	$701.59
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	755	$1,535.86

* Listed & under contract in September

DOM as of 10/4/18

PENDING IN SEPTEMBER

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*3536 45th Ave NE	$1,399,000	5/2.25	2,570	7
*3502 43rd Ave NE	$1,947,000	4/3.25	3,490	4
*5027 48th Ave NE	$2,275,000	6/3.5	4,800	5

*Listed and under contract in September

SOLD IN SEPTEMBER

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
4522 NE 54th St	$899,950	$890,000	13	3/1.75	1,800	$494.44	9/18
5107 46th Ave NE	$1,165,000	$1,150,000	31	4/2	2,695	$426.72	9/20
3626 42nd Ave NE	$1,250,000	$1,200,000	8	3/1.75	1,500	$800.00	9/19
4114 36th Ave NE	$1,495,000	$1,435,000	80	4/3.25	3,180	$451.26	9/25
4826 NE 41st St	$1,595,000	$1,492,000	116	4/2.25	3,300	$452.12	9/19
4239 51st Ave NE	$1,795,000	$1,770,000	35	6/3.25	2,980	$593.96	9/18
3915 51st Ave NE	$2,495,000	$2,200,000	63	4/3.5	4,190	$525.06	9/25
3042 E Laurelhurst Dr NE	$4,595,000	$4,595,000	5	7/2.75	4,220	$1,088.86	9/28
Averages		$1,841,500	88			$604.05

Median Sales Price = $1,463,500

CDOM = Cumulative Days on Market