March 2018

MARCH REAL ESTATE BLOG

The market picked up in March which is consistent with our annual spring inventory surge. Surge is probably not a fair term when you consider there are approximately 1,600 homes in Laurelhurst, and there were only 5 new listings in March, with 4 active listings having 39 or more days on the market. It is also interesting to note that the March new listings also received offers and went from Active to Pending this month with an average of 7.6 days on the market!

City wise, inventory is down over 20% from last year. With a Median sales price of $1,410,000. This is an increase of $555,000 over March 2017 which had a Median sales price of $855,000.  Nationally, Seattle and Denver are tied in the lack of inventory department with numerous waiting and willing buyers waiting on the sidelines.

Happy Spring!

ACTIVE LISTINGS AS OF April 2nd

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

*3925 48th Ave NE $1,195,000 4/2 1925 2,880 6 $414.93
*4736 45th Ave NE $1,595,000 4/1.75 1928 2,960 9 $538.85
*4810 NE 44th St $1,788,000 4/3 1950 3,367 9 $531.04
5155 NE Latimer Pl $2,150,000 5/3.25 1925 3,800 39 $565.79
*4546 48th Ave NE $2,250,000 5/3.5 2016 4,120 6 $546.12
*3834 46th Ave NE $2,395,000 4/3.75 2004 5,120 8 $467.77
3817 49th Ave NE $2,438,000 4/3.75 1970 3,467 123 $703.20
5020 NE 45th St $4,950,000 5/5.5 1969 8,710 44 $568.31
3054 E Laurelhurst Dr NE $11,800,000 5/4.75 1928 7,683 538 $1,535.86

*listed and under contract in March

 

PENDING IN MARCH

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
*3925 48th Ave NE $1,195,000 4/2 2,880 6
*4736 45th Ave NE $1,595,000 4/1.75 2,960 9
4511 NE 38th St $2,195,000 4/3 4,044 122
3834 46th Ave NE $2,395,000 4/3.75 5,120 8
4105 NE Surber Dr $4.950,000 5/4 7,510 2

*Listed and under contract in March
SOLD IN MARCH

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

p/sq.ft

Date Sold
3712 41st Ave NE $1,250,000 $1,350,000 6 3/1.75 2,360 $572.03 3/21
4715 45th Ave NE $1,185,000 $1,370,000 7 4/1.5 2,210 $619.91 3/2
5015 Harold Pl NE $1,195,000 $1,410,000 7 4/2.5 2,660 $530.08 3/16
3357 46th Ave NE $1,975,000 $1,975,000 13 5/4 3,745 $527.37 3/8
4549 55th Ave NE $2,980,000 $2,510,000 205 4/4 4,320 $581.02 3/13
Averages 74 3,059 $566.08

 

Median Sales Price = $1,410,000

CDOM = Cumulative Days on Market

 

 

Posted on August 17, 2018 at 4:36 pm
Kim O. Dales | Category: Uncategorized

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