June Neighborhood Real Estate Update

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

June active listings in Laurelhurst were down this year from the same time last year: 4 versus 19 in June of 2019.  Both pending and sold listings were down considerably from June 2019. Median sales price was up about $120,000, but days on market increased from just 15 days in June of 2019 to 52 days this June. This increase in median sales price and days on market was primarily due to a waterfront property that was on the market for 261 days.

Here is a Seattle Times article that explains why our current housing market has a lack of inventory. 

ACTIVE LISTINGS 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4814 NE 44th St	$1,300,000	3/2	1940	2,400	27	$541.67
4559 NE 41st St	$1,650,000	4/3.75	1988	3,160	17	$522.15
4312 36th Ave NE	$1,998,000	5/5.5	2016	4,800	170	$416.25
3112 E Laurelhurst Dr NE	$7,950,000	5/3.25	6,100	1913	74	$1,303.28

PENDING IN  JUNE

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*4516 NE 54th St	$895,000	5/2.75	2,490	7
*4559 51st Ave NE	$1,350,000	4/2.5	2,280	8
*4319 NE 44th St	$1,450,000	5/3.25	2,680	5

    * listed and under contract in June

SOLD IN JUNE

Address	List Price	Sold Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
5007 44th Ave NE	$619,950	$619,950	1	2/1.75	1,135	$546.21	6/03
5005 44th Ave NE	$619,950	$619,950	122	2/1.75	1,135	$546.21	6/22
4201 51st Ave NE	$1,299,000	$1,100,000	9	4/1.75	2,400	$458.33	6/24
4732 48th Ave NE	$1,340,000	$1,260,000	64	3/2.5	2,140	$588.79	6.29
3883 44th Ave NE	$1,380,000	$1,300,000	18	3/2.5	2,420	$537.19	6/19
3516 NE 43rd St	$1,750,000	$1,640,000	48	5/3.5	4,490	$365.26	6/26
3829 41st Ave NE	$1,799,000	$1,700,000	18	4/3	3,230	$526.32	6/30
3935 47th Ave NE	$2,050,000	$2,210,000	4	4/3.25	3,364	$656.96	6/25
5136 45th Ave NE	$2,599,000	$2,300,000	18	5/5	4,620	$497.84	6/8
3638 50th Ave NE	$3,250,000	$3,250,000	4	6/4	5,920	$548.99	6/19
4911 NE Laurelcrest Ln	$13,250,000	$10,500,000	261	6/6.5	9,590	$1,094.89	6/18
Averages		$2,409,082	52			$578.82

Median Sales Price = $1,640,000

CDOM = Cumulative Days on Market