May Neighborhood Real Estate Activity

 

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

Interest rates will probably go up another .5% in June, which is starting to have some effect on buyers. 

May saw 8 new listings with 3 currently active and 11 sold. Multiple offers continue, but definitely fewer, and the number of multiple offers per home has decreased.

Median home prices in the neighborhood decreased this year over last, about 32%: 

• May 2021 the median price for home sales in Laurelhurst was $3,200,000
• May 2022 the median price for home sales in Laurelhurst was $2,175,000

ACTIVE LISTINGS AS OF 6/9/2022

 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
5223 Ivanhoe Pl NE	$1,250,000	3/2	1948	2,260	7	$553.10
3125 E Laurelhurst Dr NE	$3,395,000	4/3.25	1926	3,800	7	$893.42
5113 48th Ave NE	$3,795,000	5/3.25	2022	6,800	21	$863.09

SOLD IN MAY

Address	List Price	Sold Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
5027 44th Ave NE	$1,295,000	$1,371,000	7	3/3.25	1,778	$622.05	5/23
3706 NE 42nd St	$1,100,000	$1,418,000	5	3/2.25	1,990	$712.56	5/2
5007 47th Ave NE	$1,425,000	$1,425,000	6	4/1.75	2,220	$641.89	5/26
4521 NE 41st St	$1,575,000	$1,698,000	5	3/1.5	2,200	$771.82	5/6
4216 43rd Ave NE	$1,848,000	$1,850,000	6	4/2.75	3,350	$552.24	5/25
4821 NE 44th St	$1,798,000	$2,175,000	0	4/2.5	2,838	$766.38	5/9
5002 Harold Pl NE	$1,565,000	$2,185,000	6	4/2.5	3,280	$666.16	5/25
4426 51st Ave NE	$2,595,000	$3,061,000	5	4/2.5	3,190	$959.56	5/31
5105 NE 45 St	$2,695,000	$3,075,000	2	5/3	3,430	$896.50	5/12
5146 48th Ave NE	$3,088,000	$3,225,000	4	5/5	4,040	$798.27	5/27
4415 54th Ave NE	$3,298,000	$3,380,000	5	3/2.25	3,616	$934.73	5/9
Averages		$2,260,273	6			$756.56

Median Sales Price = $2,175,000

CDOM = Cumulative Days on Market