January 2019

JANUARY  REAL ESTATE BLOG

January brought mild weather, more sun and less active listings in Laurelhurst. This is a citywide trend, but let’s break it down for our neighborhood.

January 2018   4 sold homes averaging 28 days on the market

January 2019   4 sold homes averaging 70 days on the market

January 2018  3 of 4 homes sold above the list price with 1 at list price

January 2019  4 homes sold but each sold for less than their list price

Has the market changed? The above statistics indicate that things have slowed down, but median sales prices are par compared to last year. What does this mean to a potential sellers? Price conservatively and make sure your home is ready to be viewed by potential buyers. Make sure you take care of any deferred maintenance, declutter, paint if needed, and be patient.  The market has slowed down but your home will sell! We live in a very sought after neighborhood.

 

Kim

 

CURRENT ACTIVE LISTINGS 

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

5107 48th Ave NE $999,000 4/1 1943 2,110 25 $473.46
3711 NE 43rd St $1,250,000 4/2.75 1930 2,320 57 $538.79
4325 NE 43rd St $1,339,000 3/2.25 1928 2,368 7 $565.46
4525 49th Ave NE $2,275,000 5/5.25 2018 4,158 51 $547.14
3151 W Laurelhurst Dr NE $3,900,000 4/3 1940 3,090 17 $1,262.14

 

PENDING IN JANUARY

Address List Price Beds/

Baths

Sq.Ft. CDOM
5143 46th Ave NE $750,000 2/1 1,020 11
4556 47th Ave NE $879,950 3/1 1,800 6
3906 50th Ave NE $1,895,000 3/3.25 3,110 97

 

SOLD IN JANUARY

 

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
5038 48th Ave NE $850,000 $760,000 21 2/1 1,350 $562.96 1/7
5133 NE 55th St $1,485,000 $1,440,000 57 4/2.5 2,479 $580.88 1/25
4546 51st Ave NE $1,595,000 $1,575,000 82 4/2.25 2,140 $736.21 1/25
4215 55th Ave NE $2,165,000 $2,045,000 120 5/3.25 3,760 $543.88 1/8
Averages   $1,455.125 70   $605.99

 

Median Sales Price = $1,507,750

CDOM = Cumulative Days on Market

 

Posted on July 31, 2019 at 7:17 pm
Kim O. Dales | Category: Uncategorized

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