Kim Dales has provided this neighborhood real estate activity report for the month of February:
4352 NE 43rd Street
February was marked by a lot of snow, which means in the real estate world, things come to a grinding halt. It is hard to say if this winter phenomenon adversely affected our market but most likely it did.
There were only 6 active listings - 5 of which were listed in February compared to February 2018 which had 9 listings.
There were 4 sold homes last month, compared to only 2 in February of 2018.
The most interesting statistic is the Median Sales Price, which has declined 32%:
- February 2018 $2,027,500
- February 2019 $1,372,750
Another interesting statistic is how buyers are finding their homes from the NAR (National Association of Realtors) :
- Internet: 51%
- Real Estate agent: 34%
- Yard sign & Open houses: 8%
- Friend, neighbor, or relative 4%
- Seller known by buyer :1
- Print advertising: 1%
It seems from these statistics that the days of print advertising, although fun to see your home in a glossy magazine, is not where your potential buyer is shopping for their next home. Professional photos, videos, websites, these are where the savvy buyer will be looking.
CURRENT ACTIVE LISTINGS
Address
|
List Price
|
Beds/
Baths
|
Year
Built
|
Sq.Ft
|
CDOM
|
Price
p/sq.ft
|
*4751 49th Ave NE
|
$1,245,000
|
3/2.75
|
1930
|
2,022
|
2
|
$615.73
|
4325 NE 43rd St
|
$1,339,000
|
3/2.25
|
1928
|
2,368
|
27
|
$565.46
|
*4717 45th Ave NE
|
$1,435,000
|
5/2.5
|
1928
|
2,770
|
1
|
$518.05
|
4707 49th Ave NE
|
$2,350,000
|
5/4
|
2109
|
3,382
|
8
|
$694.86
|
3828 49th Ave NE
|
$2,750,000
|
5/4
|
1928
|
4,200
|
12
|
$654.76
|
3151 W Laurelhurst Dr NE
|
$3,900,000
|
4/3
|
1940
|
3,090
|
48
|
$1,262.14
|
*listed & closed in February
PENDING IN FEBRUARY
Address
|
List Price
|
Beds/
Baths
|
Sq.Ft.
|
CDOM
|
3711 NE 43rd St
|
$1,250,000
|
4/2.75
|
2,320
|
66
|
SOLD IN FEBRUARY
Address
|
List Price
|
Sale Price
|
CDOM
|
Beds/
Baths
|
Sq.Ft
|
Price
p/sq.ft
|
Date Sold
|
4556 47th Ave NE
|
$879,950
|
$870,000
|
6
|
3/1
|
1,800
|
$483.33
|
2/14
|
*4751 49th Ave NE
|
$1,245,000
|
$1,245,000
|
2
|
3/2.75
|
2,022
|
$615.73
|
2/25
|
*4717 45th Ave NE
|
$1,435,000
|
$1,500,500
|
1
|
5/2.5
|
2,770
|
$541.70
|
2/25
|
3906 50th Ave NE
|
$1,895,000
|
$1,777,000
|
97
|
3/3.25
|
3,110
|
$571.38
|
2/6
|
Averages
|
$1,348,125
|
27
|
$546.92
|
Median Sales Price = $1,372,750
CDOM = Cumulative Days on Market
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