November Laurelhurst Real Estate Summary

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

 4314 NE 41st Street

This fall has been very interesting in the real estate world. When comparing this November to last our median sales price has gone down $325,000 in Laurelhurst, and our cumulative days on market has doubled from 42 in November of 2018 to 86 this year.

Our market has definitely shifted from a sellers market to more of a balanced market with buyers not feeling the urgency to buy as they have in the past. Interest rates are remaining remarkably low which is encouraging for both buyers and sellers.

Another positive development is that the 2020 maximum conforming loan limit will be raised to $510,400 from the current level of $484,350. This increase marks the 4th straight year the FHFA has increased the conforming loan limits after not increasing them for an entire decade (2006-2016).

I look forward to sharing my end of the year read estate overview of our neighborhood with 2020 housing predictions. 

 ACTIVE LISTINGS 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	Price p/sq.ft
4274 NE 50th St	$749,000	4/2.5	2019	2,045	$439.61
5011 44th Ave NE, A	$999,950	4/2.5	2019	2,252	$444.03
3822 42nd Ave NE	$1,249,000	3/1.75	1926	2,081	$600.19
4811 NE 41st St	$1,835,000	4/3	1961	3,600	$509.72
4558 51st Ave NE	$2,350,000	6/3.25	1969	3,990	$588.97
4804 NE 40th St	$2,695,950	5/4	2019	4,700	$573.61
5020 NE 45th St	$3,995,000	5/5.5	1969	6,430	$621.31
4911 NE Laurelcrest Ln	$13,750,000	7/6.5	2008	9,590	$1,433.79

PENDING IN NOVEMBER

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
4314 NE 41st St	$1,325,000	5/2.25	2,890	78
4014 45th Ave NE	$1,399,000	4/2.75	2,950	87

PENDING INSPECTION IN NOVEMBER

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
5011 44th Ave NE, B	$729,950	2/1.75	1,300	28

SOLD IN NOVEMBER

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
5122 47th Ave NE	$998,000	$998,000	28	3/1.75	1,620	$616.05	11/19
5016 Nicklas Place NE	$1,250,000	$1,125,000	35	4/2.25	3,590	$313.37	11/19
3800 44th Ave NE	$1,875,000	$1,720,000	106	4/3.25	3,880	$443.30	11/7
4542 52nd Ave NE	$2,095,000	$1,950,000	43	4/3.25	3,013	$647.20	11/21
4503 48th Ave NE	$2,040,000	$1,975,000	140	5/3.5	4,133	$477.86	11/27
3011 E Laurelhurst Dr NE	$2,636,250	$2,400,000	164	4/3.5	5,380	$446.10	11/8
Averages		$1,694,667	86			$490.65

Median Sales Price = $1,835,000

* Median Sales Price November 2018 = $2,160,000

CDOM = Cumulative Days on Market