December 2017

DECEMBER REAL ESTATE BLOG

Happy New Year everyone!  Well I think December 2017 hit a new low in number of new listings: only 1 and it went pending in only 2 days. The five remaining listings have all been on the market over 44 days with the largest and most expensive home exceeding 16 months on the market. With the average home in Laurelhurst selling in 7-10 days these 5 homes could benefit from large price reductions. Statistically the longer a home stays on the market the more potential buyers wonder if there are problems or just assume it is over priced. Sellers beware. Price to sell, not to sit.

The home that went pending in just 2 days at 4115 51st Ave NE was sold in August of 2017 for $930,000, then totally remodeled and placed back on the market in just 4 months. The other pending home on E Laurelhurst Dr NE had an incredible view and oozed with old world charm. It sat high above the lake and had gracious formal living spaces.

Happy New Year!

ACTIVE LISTINGS AS OF DECEMBER 31st

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

*4115 51st Ave NE $1,549,950 5/3 1939 3,074 2 $504.21
3141 E Laurelhurst Dr NE $2,260,000 3/3.s5 1923 3,840 94 $588.54
4312 36th Ave NE $2,279,000 5/5.5 2016 4,800 118 $474.79
3817 49th Ave NE $2,468,000 4/3.75 1970 3,467 44 $711,85
4549 55th Ave NE $2,795,000 4/4 2014 4,320 169 $646.99
3054 E Laurelhurst Dr NE $11,800,000 5/4.75 1928 7,683 482 $1,535.86

* New listing & under contract in December

PENDING IN DECEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM Price

p/sq.ft

*4115 51st Ave NE $1,549,950 5/3 3,074 2 $504.21
3408 E Laurelhurst Dr NE $2,950,000 4/3.25 4,410 87 $668.93

CDOM = Cumulative Days on Market

If you have any questions regarding current real estate trends give me a call or email me @ 206.235.7772 or kodales@windermere.com

Posted on January 10, 2018 at 6:10 pm
Kim O. Dales | Category: Uncategorized | Tagged , , ,

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