March 2019

MARCH REAL ESTATE BLOG

March was an encouraging month for buyers as we had 11 active listings. In comparing March of 2019 to March of 2018 the largest contrast are days on market. This March the days on market was longer resulting in fewer sold properties 2 vs. 5 in March of 2018.

This March only 2 homes sold with a median closing price of $2,257,500 vs. $1,420,000 in March of 2018. This statistic is a bit skewed as one of the two properties sold for $3,315,000 pushing the median sales price higher. 

In summary the March market was great for buyers, and when a home is priced correctly it will sell. I think sellers and agents are still figuring out where that sweet spot is. A good example is the home that sold for $3,315,000.  This home was priced at $3,150,000. Buyer’s perceived value resulting in multiple offers driving the price up by $165,000.

 Below is a link to some spring maintenance tips to make your home shine! Happy spring!

Spring Home Maintenance Tips

 Kim 

CURRENT ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

4332 NE 43rd St $1,185,000 4/1.5 1929 2,370 12 $500.00
5015 Nicklas Pl NE $1,425,000 3/2.75 1941 2,710 13 $525.83
4011 50th Ave NE $1,575,000 4/2.25 1929 2,610 26 $603.45
4717 NE 50th St $1,775,000 4/2.5 2006 2,800 19 $633.93
4525 49th Ave NE $2,275,000 5/5.25 2018 4,158 116 $547.14
4707 49th Ave NE $2,298,000 5/4 2019 3,382 45 $679.48
4515 51st Ave NE $2,490,000 4/2.25 1940 4,200 26 $592.86
4117 37th Ave NE $2,495,950 5/3.5 2019 4,385 34 $569.20
3828 49th Ave NE $2,688,000 5/4 1928 4,200 49 $640.00
*3408 E Laurelhurst Dr NE $3,200,000 4/3.25 1911 4,560 3 $701.75
3151 W Laurelhurst Dr NE $3,900,000 4/3 1940 3,090 85 $1,262.14

 

  • Listed and under contract in March

 

 

PENDING INSPECTION IN MARCH

Address List Price Beds/

Baths

Sq.Ft. CDOM
5100 NE 55th St $1,100,000 5/3.5 3,210 7

 

PENDING IN MARCH

Address List Price Beds/

Baths

Sq.Ft. CDOM
4325 NE 43rd St $1,300,000 3/2.25 2,368 34
*3408 E Laurelhurst Dr NE $3,200,000 4/3.25 4,560 3

 

SOLD IN MARCH

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
3711 NE 43rd St $1,250,000 $1,200,000 66 4/2.75 1930 $517.24 3/15
4416 54th Ave NE $3,150,000 $3,315,000 5 4/3.75 5,030 $659.05 3/29
Averages   $2,257,500 36   $588.14

 

Median Sales Price = $2,257,500

CDOM = Cumulative Days on Market

 

Posted on July 31, 2019 at 7:22 pm
Kim O. Dales | Category: Uncategorized

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