October 2018

OCTOBER REAL ESTATE BLOG

Despite the negative real estate downturn depicted in the news, Laurelhurst has decided not to listen! This resulted in a strong October. We had 7 new listings in October, and of those 5 received offers with a few having multiple offers.

Four homes closed in October with a median sales price of $2,250,000 compared to a median sales price of $991,000 in October of 2017. Average days on market for the sold properties was only 5 days. The current city average is 17.

Laurelhurst continues to thrive, despite a bit of a slowing in the overall Seattle market. As we approach winter with our shorter days and increased precipitation it is the perfect time to declutter our homes, get our furnaces serviced, and if you have an abandoned oil tank make sure you have it decommissioned and get those records in an accessible location. You might not be thinking of moving but it is always good be be prepared 😊

I hope you all have a Happy Thanksgiving.

Kim

ACTIVE LISTINGS

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

*5402 NE 54th St $849,950 2/1.75 1954 1,830 3 $464.45
*3665 50th Ave NE $1,535,000 4/3.25 1927 2,880 7 $532.99
*5133 NE 55th St $1,550,000 4/2.5 1948 2,408 28 $643.69
*4512 NE 40th St $1,695,000 4/2.25 1937 3,440 4 $492.73
*3871 46th Ave NE $1,950,000 4/3 1941 3,240 2 $601.85
4215 55th Ave NE $2,280,000 5/3.25 1958 3,760 68 $606.38
3054 E Laurelhurst Dr NE $11,800,000 5/4.75 1928 7,683 782 $1,535.86

* Listed & under contract in October

DOM as of 11/1/18

 

PENDING INSPECTION IN OCTOBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
4004 50th Ave NE $1,300,000 3/2.25 2,184 37
3906 50th Ave NE $1,800,000 3/3.25 3,760 29

 

PENDING IN OCTOBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
*5402 NE 54th St $849,950 2/1.75 1,830 3
*3665 50th Ave NE $1,535,000 4/3.25 2,880 7
*4512 NE 40th St $1,695,000 4/2.25 3,440 4
*3871 46th Ave NE $1,950,000 4/3 3,240 2
4214 43rd Ave NE $2,450,000 4/3 3,671 79
3516 46th Ave NE $2,932,500 6/4.5 4,400 117

*Listed and under contract in October

SOLD IN OCTOBER

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

p/sq.ft

Date Sold
3536 45th Ave NE $1,399,000 $1,431,500 7 5/2.25 2,570 $557.00 10/12
3502 43rd Ave NE $1,947,000 $2,250,000 4 4/3.25 3,490 $644.70 10/02
5027 48th Ave NE $2,275,000 $2,275,000 5 6/3.5 4,800 $473.96 10/05
Averages $1,985,500 5 $558.55

 

Median Sales Price = $2,250,000

CDOM = Cumulative Days on Market

 

Posted on January 8, 2019 at 10:08 pm
Kim O. Dales | Category: Uncategorized

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