Kim Dales has provided this neighborhood real estate activity for July and August:
JULY SUMMARY:
There continues to be a lack of inventory, multiple offers and reduced days on market (DOM). Due to the overall lack of inventory, 68% of all homes listed, sold above their listing price.
Additionally, the number of active listings stayed flat as demonstrated here:
July 2020 July 2021
Active listings: 6 Active listings: 4
Pending listings: 6 Pending listings: 4
Sold listings: 7 Sold listings: 7
Median DOM: 17 Median DOM:12
The largest difference in July was in the median sale price $1,712,500 in 2021 vs $1,450,000 last year. This resulted in a year over year increase of 16%. Laurelhurst's median days on market decreased 30%. Due to the overall lack of inventory we are seeing 68% of all homes listed selling above their listing price.
PENDING IN JULY
Address | List Price | Beds/ Baths | Sq.Ft. | CDOM |
*4845 NE 43rd St | $1,460,000 | 4/4 | 3,480 | 7 |
4011 50th Ave NE | $1,750,000 | 4/2.25 | 2,610 | 15 |
4334 NE 43rd St | $1,975,000 | 5/4 | 3,450 | 46 |
*4339 NE 44th St | $2,049,000 | 4/2.5 | 2,632 | 21 |
* Listed and under contract in July
SOLD IN JULY
Address | List Price | Sold Price | CDOM | Beds/ Baths | Sq.Ft | Price p/sq.ft | Date Sold |
4315 NE 44th St | $1,395,000 | $1,400,000 | 8 | 3/1.5 | 2,340 | $598.29 | 7/28 |
4154 42nd Ave NE | $1,500,000 | $1,450,000 | 14 | 4/2.25 | 2,860 | $506.99 | 7/23 |
4701 45th Ave NE | $1,350,000 | $1,500,000 | 6 | 3/1.5 | 3,876 | $700.93 | 7/13 |
5415 NE 54th St | $1,500,000 | $1,555,000 | 9 | 7/3 | 2,650 | $586.79 | 7/30 |
4826 NE 41st St | $1,800,000 | $1,870,000 | 15 | 4/2.25 | 3,100 | $603.23 | 7/6 |
3950 NE Surber Dr | $1,995,000 | $2,325,000 | 5 | 4/3.25 | 3,298 | $704.97 | 7/2 |
5161 NE 41st St | $2,649,950 | $2,625,000 | 8 | 4/4.25 | 3,860 | $680.05 | 7/2 |
4404 52nd Ave NE | $4,350,000 | $3,990,000 | 28 | 6/3.25 | 5,505 | $724.80 | 7/23 |
Averages |
| $2,089,375 | 12 |
|
| $638.26 |
|
Median Sales Price = $1,712,500
CDOM = Cumulative Days on Market
AUGUST SUMMARY
In comparing August 2020 to August 2021, Laurelhurst was very quiet, despite a very strong seller's market, interested buyers and decreased interest rates again. Interesting to note however, one of the homes that sold last August was $7,600,000, over the median sale price.
Below are side-by-side comparisons below:
August 2020 | August 2021 |
Active Listings: 11 | Active Listings: 3 |
Pending Listings: 8 | Pending Listings: 4 |
Sold Listings: 6 | Sold Listings: 3 |
Median Sales Price: $2,158,000 | Median Sales Price: $1,748,000 |
Average DOM: 7 | Average DOM: 14 |
PENDING IN AUGUST
Address | List Price | Beds/ Baths | Sq.Ft. | CDOM |
*5040 47th Ave NE | $1,450,000 | 4/2.5 | 2,340 | 5 |
*4714 NE 50th St | $1,495,000 | 6/2.25 | 3,340 | 5 |
*3515 46th Ave NE | $1,500,000 | 3/2 | 2,490 | 6 |
3816 40th Ave NE | $2,380,000 | 5/3.25 | 3,190 | 6 |
* Listed and under contract in August
SOLD IN AUGUST
Address | List Price | Sold Price | CDOM | Beds/ Baths | Sq.Ft | Price p/sq.ft | Date Sold |
4011 50th Ave NE | $1,750,000 | $1,700,000 | 15 | 4/2.25 | 2,610 | $651.34 | 8/19 |
4845 NE 43rd St | $1,460,000 | $1,748,000 | 7 | 4/4 | 3,480 | $502.30 | 8/24 |
4339 NE 44th St | $2,099,000 | $1,990,000 | 21 | 4/2.5 | 2,632 | $756.08 | 8/6 |
Averages |
| $1,812,667 | 14 |
|
| $636.57 |
|
Median Sales Price = $1,748,000
CDOM = Cumulative Days on Market
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