December Neighbor hood Real Estate Activity

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

December 2021 to December 2022 was quite a difference. December 2021 had only 1 active and 1 sold with a median price of $1,295,000 and December 2022 had 7 active and 4 sold home with a median price point of $1,416,500. The year finished out strong. 

If you are selling, find a strong agent who knows the neighborhood and has strong marketing experience and is known in the community. For buyers the same is true. Experience and the relationships with other agents is important in an ever changing market environment.

ACTIVE LISTINGS AS OF 01/04/2022 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4272 NE 50th St	$899,400	4/2.5	2019	2,020	82	$445.25
5051 50th Ave NE, #28	$1,298,000	2/2.5	1986	2,271	111	$571.55
4545 49th Ave NE	$1,672,000	4/3.25	1950	2,440	96	$685.25
4565 E Laurel Dr NE	$1,995,000	3/2	1951	2,180	166	$915.14
3620 42nd Ave NE	$2,500,000	5/3.25	1926	4,140	21	$603.86
5107 48th Ave NE	$3,449,950	5/3.25	2022	4,397	56	$784.61
3201 43rd Ave NE	$18,700,000	5/6	2017	8,562	152	$2,184.07

SOLD IN DECEMBER

Address	List Price	Sold Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
5032 Sand Point Pl NE	$1,195,000	$1,000,000	88	3/2.5	1,522	$662.25	12/12
3816 42nd Ave NE	$1,487,000	$1,235,000	71	3/2	2,760	$447.56	12/09
4322 NE 43rd St	$1,698,000	$1,598,000	24	4/2.5	3,050	$523.93	12/20
4750 45th Ave NE	$1,750,000	$1,755,000	103	4/3.75	2,850	$615.79	12/22
Averages		$1,397,000	72			$562.36

Median Sales Price = $1,416,500

CDOM = Cumulative Days on Market

$5.5M House Goes On Market

 

A real estate website posted this information about a neighborhood home:

Modern Laurelhurst Home With Sweeping Views of Mt. Rainier 

The home is comprised of 4 bedrooms, 3.5 bathrooms and over 4,100 square feet of space. All that space is made even bigger by this homes open floor plan and massive windows. The windows have unobstructed views of both Lake Washington and Mt. Rainier. 

The treehouse-like main floor open to an amazing patio with an outdoor kitchen and pizza oven. An office on the main floor which overlooks a private garden and a guest ensuite. There’s also a wine cellar, rec room and hot tub in the yard outside.As this Laurelhurst home is pretty dreamy, it comes at a price. A price of $5,495,000 which makes sense for the view alone.

Kim Dales, Laurelhurst Blog Real Estate Contributor told the Laurelhurst Blog:

Historically, this home was sold in 2005 for $1,195,000. It actually had a bomb shelter or at least a space that looked like a bomb shelter and a hydraulic floor that changed the dining room area into a dance floor - very cool. It was quite dated and the next owners did a fair amount of remodeling then sold it in 2014 for $1,690,000. The new owners basically left one wall and did an amazing remodel of every surface. Honestly it is one of the most beautiful modern homes I have ever toured, and it does have a very nice view of the lake. This time it was listed for $5,495,000. After only 4 days on the market, it received an offer and will close on November 9th. I'm confident it will sell for asking if not a bit more.

(photo courtesy of Sotheby's)

October Neighborhood Real Estate Activity

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

The housing market continues to plug along with some interesting developments: 

• Laurelhurst remained strong with an average of 17 days on market compared to Seattle's average of 21, which was a 200% increase from last year. 

• Sold homes in Seattle were down 27% from October of 2021 but Laurelhurst had 15 Active listings vs only 2 last year. 

• Considering the Feds most recent increase in interest rates, a whopping 3.75% since March, homes continue to be listed and sold in Laurelhurst.

Here are some statistics that sellers should take into account when listing their homes: 

• In Seattle the number of homes that sold above their list price was down 62% from last year. 

• With higher interest rates, buyers are getting much more conservative resulting in less multiple offers with some buyers making offers less than the listing price.

For sellers in Laurelhurst, the silver lining for sellers is that the median home price was up $475,000 from October of 2021. 

ACTIVE LISTINGS AS OF 11/4/2022

 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4278 NE 50th St	$999,400	4/2.5	2019	2,020	35	$494.75
4747 49th Ave NE	$1,050,000	3/2	1926	1,960	35	$535.71
4280 NE 50th St	$1,099,000	4/2.5	2019	2,020	93	$544.06
5032 Sand Point Pl NE	$1,150,000	3/2.5	2021	1,510	84	$761.59
5035 47th Ave NE	$1,200,000	2/1.75	1940	2,240	29	$535.71
5051 50th Ave NE, #28	$1,298,000	2/2.5	1986	2,271	50	$612.07
3816 42nd Ave NE	$1,487,000	3/2	1949	3,040	44	$489.14
5208 NE 50th St	$1,549,500	4/2.5	1946	2,710	72	$571.77
4322 NE 43rd St	$1,598,000	4/2.5	1928	3,050	13	$523.93
4545 49th Ave NE	$1,706,000	4/3.25	1950	2,440	35	$699.18
4750 45th Ave NE	$1,899,000	4/3.25	1941	2,850	99	$666.32
4565 E Laurel Dr NE	$2,225,000	3/2	1951	2,180	105	$1,020.64
5107 48th Ave NE	$3,449,950	5/3.25	2022	4,397	10	$784.61
3141 E Laurelhurst Dr NE	$3,598,000	3/3.25	1923	3,840	142	$936.98
3201 43rd Ave NE	$18,700,000	5/6	2017	8,562	91	$18,700,000

SOLD IN OCTOBER

Address	List Price	Sold Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
3421 W Laurelhurst Dr NE	$1,895,000	$2,000,000	4	4/2.5	2,410	$829.88	10/14
4511 55th Ave NE	$2,050,000	$2,000,000	12	3/3	2,570	$778.21	10/03
3144 W Laurelhurst Dr NE	$2,100,000	$2,050,000	4	4/2.5	3,220	$636.65	10/24
4541 51st Ave NE	$2,850,000	$2,675,000	48	4/3	3,240	$825.62	10/18
Averages		$2,181,250	17			$767.59

Median Sales Price = $2,025,000

CDOM = Cumulative Days on Market