February 2019

FEBRUARY  REAL ESTATE BLOG

February is a short month not to mention all the snow we had which, at least in the real estate world, resulted in a grinding halt. It is hard to say if this winter phenomenon adversely affected our market but I think it probably did. Only 6 active listings  5 of which were listed in February compared to February 2018 which had 9. Four sold homes this February compared to only 2 in February of 2018.  

The most interesting statistic is the Median Sales Price:

February 2018 $2,027,500

February 2019 $1,372,750

*a 32% decrease in Median Sales price

If you are thinking about listing your home and are having conversations with your Real Estate professional here are some interesting statistics from the NAR (National Association of Realtors) who shared statistics of how buyers are finding their homes:

  • Internet: 51%
  • Real Estate agent: 34%
  • Yard sign & Open houses: 8%
  • Friend, neighbor, or relative 4%
  • Seller known by buyer :1
  • Print advertising: 1%

The days of print advertising although fun to see your home in a glossy magazine is not where your potential buyer is shopping for their next home. Professional photos, videos, websites, these are where the savvy buyer will be looking.

Happy spring.

Kim

CURRENT ACTIVE LISTINGS 

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

*4751 49th Ave NE $1,245,000 3/2.75 1930 2,022 2 $615.73
4325 NE 43rd St $1,339,000 3/2.25 1928 2,368 27 $565.46
*4717 45th Ave NE $1,435,000 5/2.5 1928 2,770 1 $518.05
4707 49th Ave NE $2,350,000 5/4 2109 3,382 8 $694.86
3828 49th Ave NE $2,750,000 5/4 1928 4,200 12 $654.76
3151 W Laurelhurst Dr NE $3,900,000 4/3 1940 3,090 48 $1,262.14

*listed & closed in February

 

PENDING IN FEBRUARY

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
3711 NE 43rd St $1,250,000 4/2.75 2,320 66

 

SOLD IN FEBRUARY

 

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
4556 47th Ave NE $879,950 $870,000 6 3/1 1,800 $483.33 2/14
*4751 49th Ave NE $1,245,000 $1,245,000 2 3/2.75 2,022 $615.73 2/25
*4717 45th Ave NE $1,435,000 $1,500,500 1 5/2.5 2,770 $541.70 2/25
3906 50th Ave NE $1,895,000 $1,777,000 97 3/3.25 3,110 $571.38 2/6
Averages   $1,348,125 27   $546.92

Median Sales Price = $1,372,750

CDOM = Cumulative Days on Market

 

Posted on July 31, 2019 at 7:20 pm
Kim O. Dales | Category: Uncategorized

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