January Laurelhurst Real Estate Update

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

Neighborhood inventory is down 66% from the same month last year, and there are only 2 active listings. This lack of inventory is reflected in "days on market", with a decrease from 12 days this year to 48 days last January.

Here are some interesting statistics on neighborhood median sale price: 

January 2020 $1,496,500

January 2021 $3,375,000

Lack of inventory, low interest rates, and an abundance of buyers makes it a strong sellers' market.

ACTIVE LISTINGS 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4520 45th Ave NE	$1,995,000	4/3.5	2008	3,300	113	$604.55
3879 43rd Ave NE	$2,295,000	5/4	1930	3,240	68	$708.33

PENDING IN JANUARY

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
4736 44th Ave NE	$1,295,000	3/2.5	2,680	25
*4120 51st Ave NE	$1,450,000	3/2.25	2,570	7
5019 46th Ave NE	$1,595,000	4/2.25	2,550	39
*4521 46th Ave NE	$1,625,000	5/3.5	2,980	5
*4118 42nd Ave NE	$1,865,000	5/3.5	4,020	5
3534 46th Ave NE	$1,925,000	4/3.25	3,470	75
*4202 48th Ave NE	$2,450,000	5/3	4,000	5

*Listed and under contract in January

SOLD IN JANUARY

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
4511 49th Ave NE	$1,385,000	$1,400,000	3	4/4	2,280	$614.04	1/22
3865 46th Ave NE	$3,395,000	$3,375,000	3	5/4	4,019	$839.76	1/22
3825 46th Ave NE	$3,500,000	$3,450,000	31	4/4.25	4,003	$861.85	1/21
Averages		$2,741,667	12			$771.88

Median Sales Price = $3,375,000

CDOM = Cumulative Days on Market