FEBRUARY REAL ESTATE BLOG
February was very consistent with our February 2017 market in Laurelhurst. However it is interesting to note that home sales in King County were down 16.53% from February 2017. Inventory was down 18%. This of course results in many multiple offers which pushes the closing price up considerably.
In February there were 6 new listing, 4 of which went pending and 2 sold, one in only 2 weeks. In general the offers are either cash or the buyers are waiving their financing contingencies to make their offers more attractive. Two other notable statistics in our current market are 52% of homes in King County sold for over their list price and the current median home value in Seattle is $727,400. This number is much higher in Laurelhurst but these numbers are driving buyers north, south, and east of the city to attempt to find affordable housing.
ACTIVE LISTINGS AS OF March 1st
|*5015 Harold Pl NE||$1,195,000||4/2.5||1946||2,660||7||$449.25|
|3712 41st Ave NE||$1,250,000||5/3.25||1940||2.360||6||$529.66|
|*3357 46th Ave NE||$1,975,000||5/4||1929||3,745||13||$527.37|
|5155 NE Latimer Pl||$2,150,000||5/3.25||1925||3,800||7||$565.79|
|4511 NE 38th St||$2,195,000||4/3||1938||4,044||97||$542.78|
|4312 36th Ave NE||$2,279,000||5/5.5||2016||4,800||174||$474.79|
|3817 49th Ave NE||$2,438,000||4/3.75||1970||3,467||91||$703.20|
|3627 42nd Ave NE||$10,000,000||6/4.5||1921||6,860||515||$1,457.73|
|3054 E Laurelhurst Dr NE||$11,800,000||5/4.75||1928||7,683||538||$1,535.86|
PENDING IN FEBRUARY
|*5015 Harold Pl NE||$1,195,000||4/2.5||2,660||7|
|3609 NE 43rd St||$1,480,000||3/2.25||2,660||6|