March Neighborhood Real Estate Activity

Kim Dales has provided this neighborhood real estate activity for March:

There were no new listings in March and having been a Managing Broker for over 20 years it is the first time I haven't seen a time  in any market when there were no new active listings.

As you can see from the March Pending data, of the 8 pending listings 4 were listed and went under contract, three in 5 days and one in 8, and the fifth was listed and went pending in the same month. 

 

The three sales in March sold within an average of 5 days on the market with a median sales price of $2,895,000 compared to last March 2021 which had a median sales price of $2,398,000 an 17% increase over last year.

 

As interest rates (now 4.5% for a 30-year fixed mortgage)  and inflation continue  to climb conventional wisdom would seem to be a decrease in buyers, but this is not the case in Laurelhurst, or really any neighborhood in Seattle. It continues to be a very strong seller's market with buyer's waiving many, if not all, their offer contingencies to secure a home in our neighborhood.

ACTIVE LISTINGS AS OF 4/6/22 

ZERO

PENDING IN MARCH

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
5044B  Sand Point Way NE	$829,950	2/2.25	2022	682	64	$722.32
*5052 Sand Point Way NE #1	$850,000	2/2.25	2020	798	5	$717.91
*3706 NE 42nd St	$1,100,000	3/2.25	1942	1,990	5	$552.76
*3826 41st Ave NE	$1,698,000	3/2.25	1941	2,990	5	$567.89
**4525 NE 41st	$2,395,000	4/3.75	1936	3,451	5	$694.00
3808 48th Ave NE	$3,295,000	4/3.5	1926	3,760	6	$876.3
*5020 NE 45th St	$4,450,000	5/5.5	1969	6,430	8	$692.07
4102 55th Ave NE	$8,750,000	5/4.75	1928	5,210	197	$1,679.46

*Listed & under contract in the same month

** currently pending

SOLD IN MARCH

Address	List Price	Sold Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
4710 NE 40th St	$2,395,000	$2,722,000	6	3/2.25	2,900	$938.62	3/11
3875 43rd Ave NE	$2,895,000	$2,895,000	4	4/3	3,720	$778.23	3/17
5004 NE Nicklas Pl	$2,899,000	$3,025,667	5	5/4	4,760	$726.89	3/4
Averages		$3,025,667	5			$814.58

Median Sales Price = $2,895,000

CDOM = Cumulative Days on Market