January 2018

JANUARY REAL ESTATE BLOG

January was a very quiet month in Laurelhurst. I think the most interesting fact is the number of active listings, of the 10 only 2 were new listings for the month of January, and 7 of the 10 have been on the market for over 70 days, 4 of these 7 have been on the market for 4 months or more with the 2 waterfront listings all on the market for greater than 16 months. 

 Our typical days on market for homes priced to sell in Laurelhurst are 7-10 days. It is interesting to note that the homes that are not selling are all listed over $2,100,000. Another change in our market is that the 2 sold homes both sold for less than list price which is unusual in our neighborhood.

 Our inventory in Laurelhurst remains extremely low, so hopefully the sun will come out soon resulting in more home on the market in our neighborhood!

 Here are some tips for anyone thinking about getting their home ready to sell.

 Tips for Sellers

1. Declutter and Organize

After the holidays is a great time to clear out all the things you no longer want or need. Organize your closets and pantries so they are tidy, as this will showcase your storage space.

2. Paint Inside and Out

Make sure interior rooms are freshly painted with a neutral color. Power wash and paint the exterior if needed. The front door is the first thing a prospective buyer notices so make sure it is freshly stained or painted.

3. Make Updates to Increase Your Home’s Value

If you are working with a Realtor ask them what items have an impact on buyers, i.e.. new hardware on cabinets, a new kitchen backsplash, appliances that all match, refinish hardwood floors etc.

4. Talk to and Collaborate With Your Neighbors

Buyers don’t just look at your home and yard they look at your neighbors. If you share a hallway or lawn, let your neighbors know you are planning to sell and kindly ask them to tidy up. If necessary offer to mow their yard or trim their trees, it makes a difference!

5. Figure Out the Right Time to Sell

Sellers tend to think they need to wait until spring in order to sell quickly, but in our current market any time is a good time.

6. Price Your Home to Sell

Look at recent sales, pricing trends in the neighborhood and inventory to assist in choosing a listing price. Remember overpricing could scare off potential buyers, and underpricing means that you could leave money on the table.

ACTIVE LISTINGS AS OF JANUARY 31ST

 

Address

List Price

Beds/

Baths

Year

Built

Sq.Ft

CDOM

Price

p/sq.ft

*4715 45th Ave NE

$1,185,000

4/1.5

1928

2,210

7

$536.20

3609 NE 43rd St

$1,480,000

3/2.25

1956

2,660

2

$556.39

3718 48th Ave NE

$1,950,000

4/1.5

1975

3,874

9

$503.36

3141 E Laurelhurst Dr NE

$2,160,000

3/3.25

1923

3,840

123

$562.50

4511 NE 38th St

$2,195,000

4/3

1938

4,044

70

$542.78

4312 36th Ave NE

$2,279,000

5/5.5

2016

4,800

147

$474.79

3817 49th Ave NE

$2,468,000

4/3.75

1970

3,467

73

$711.85

4549 55th Ave NE

$2,695,000

4/4

2014

4,320

198

$623.84

3627 42nd Ave NE

$10,000,000

6/4.5

1921

6,860

488

$1,457.73

3054 E Laurelhurst Dr NE

$11,800,000

5/4.75

1928

7,683

511

$1,535.86

 

   PENDING IN JANUARY

 

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

*4715 45th Ave NE

$536.20

4/1.5

2,210

7

*Listed and under contract in January

 

SOLD IN JANUARY

 

Address

List Price

Sale Price

CDOM

Beds/

Baths

Sq.Ft

Price

 p/sq.ft

Date Sold

4528 W Laurel Dr NE

$1,600,000

$1,491,150

4

4/2.25

3,260

$457.41

1/9

3811 42nd Ave NE

$1,550,000

$1,500,000

18

5/3.5

3,840

$390.63

1/10

4115 51st Ave NE

$1,549,950

$1,510,000

2

5/3

3,074

$491.22

1/17

3408 E Laurelhurst Dr NE

$2,950,000

$2,864,150

87

4/3.25

4,410

$508.51

1/16

Averages

28

3,646

$497.18

 

Median Sales Price = $1,505,000

 CDOM = Cumulative Days on Market

If you have any questions regarding current real estate trends give me a call or email me @ 206.235.7772 or kodales@windermere.com

 

 

 


Posted on February 13, 2018 at 11:19 pm
Kim O. Dales | Posted in Uncategorized |

December 2017

DECEMBER REAL ESTATE BLOG

Happy New Year everyone!  Well I think December 2017 hit a new low in number of new listings: only 1 and it went pending in only 2 days. The five remaining listings have all been on the market over 44 days with the largest and most expensive home exceeding 16 months on the market. With the average home in Laurelhurst selling in 7-10 days these 5 homes could benefit from large price reductions. Statistically the longer a home stays on the market the more potential buyers wonder if there are problems or just assume it is over priced. Sellers beware. Price to sell, not to sit.

The home that went pending in just 2 days at 4115 51st Ave NE was sold in August of 2017 for $930,000, then totally remodeled and placed back on the market in just 4 months. The other pending home on E Laurelhurst Dr NE had an incredible view and oozed with old world charm. It sat high above the lake and had gracious formal living spaces.

Happy New Year!

ACTIVE LISTINGS AS OF DECEMBER 31st

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

*4115 51st Ave NE $1,549,950 5/3 1939 3,074 2 $504.21
3141 E Laurelhurst Dr NE $2,260,000 3/3.s5 1923 3,840 94 $588.54
4312 36th Ave NE $2,279,000 5/5.5 2016 4,800 118 $474.79
3817 49th Ave NE $2,468,000 4/3.75 1970 3,467 44 $711,85
4549 55th Ave NE $2,795,000 4/4 2014 4,320 169 $646.99
3054 E Laurelhurst Dr NE $11,800,000 5/4.75 1928 7,683 482 $1,535.86

* New listing & under contract in December

PENDING IN DECEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM Price

p/sq.ft

*4115 51st Ave NE $1,549,950 5/3 3,074 2 $504.21
3408 E Laurelhurst Dr NE $2,950,000 4/3.25 4,410 87 $668.93

CDOM = Cumulative Days on Market

If you have any questions regarding current real estate trends give me a call or email me @ 206.235.7772 or kodales@windermere.com


Posted on January 10, 2018 at 6:10 pm
Kim O. Dales | Posted in Uncategorized | Tagged , , ,

October 2017

OCTOBER REAL ESTATE BLOG

October saw 8 active listings in the neighborhood and for the first time they all exceeded $2,200,000.00. For those of us that have lived in the neighborhood for quite some time this is an amazing statistic! If you look at the sold homes in October there were only 4, with the highest priced home closing at $1,375,000 which was located behind St. Stevens Church and was originally listed for $1,175,000.    What does this mean?  Only time will tell, but of the active listings not including the 2 waterfront homes the remaining 6 homes have been on the market from 30-202 days respectively  making their combined days on market an average of 80 days, This is  a stark contrast to the average sold days on the market of 7.

Below is an interesting article about our ongoing housing shortage… Happy fall!

https://www.seattletimes.com/life/a-new-social-phenomenon-in-an-intense-housing-market-are-you-interested-in-selling/

ACTIVE LISTINGS AS OF OCTOBER 31ST

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

*4528 W Laurel Dr NE $2,260,000 3 3.25 3,840 $588.54
4312 36th Ave NE $2,279,000 5 5.50 4,800 $474.79
4511 NE 38th St $2,295,000 4 3 4,044 $567.51
5155 NE Latimer Place $2,595,000 5 3.25 3,800 $682.89
4549 55th Ave NE $2,795,000 4 4 4,320 $646.99
3408 E Laurelhurst Dr NE $2,950,000 4 4.25 4,410 $668.93
3627 42nd Ave NE $10,008,000 6 4.25 6,860 $1,458.89
3054 E Laurelhurst Dr NE $11,800,000 5 4.75 7,683 $1,535.86

 

* New listing in October

 

PENDING INSPECTION IN OCTOBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
3811 42nd Ave NE $1,550,000 5/3.5 3,840 18

CDOM = Cumulative Days on Market

PENDING FEASIBILITY

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
5020 NE 45th St $5,250,000 5/5.5 8,710 31

 

PENDING IN OCTOBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
4702 46th Ave NE $895,000 2/1.75 2,230 22
4323 NE 45th St $1,050,000 4/2.25 2,286 33
*5142 45th Ave NE $1,125,000 4/2.75 2,410 8
4118 42nd Ave NE $1,395,000 5/3.75 3,770 7
*3710 NE 41st St $1,550,000 4/3.25 3,540 9
*5018 NE 41st St $1,628,000 3/2.5 3,210 7
3922 NE Belvoir $1,695,000 4/3.5 4,370 165
3600 W Laurelhurst Dr NE $2,195,000 4/3.25 3,780 81

*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
5223 Ivanhoe Pl NE $799,000 $850,000 6 2/1.75 1,380 $615.94 10/10
5007 Ivanhoe Pl NE $875,000 $875,000 7 4/1.75 1,400 $625.00 10/19
5133 46th Ave NE $995,000 $1,107,000 7 5/2.75 2,190 $505.48 10/05
4814 NE 44th St $1,175,000 $1,325,000 7 3/2 2,400 $552.08 10/31
Averages 7 1,843 $574.63

Median Sold Price = $991,000

If you have any questions regarding current real estate trends give me a call or email me @ 206.235.7772 or kodales@windermere.com

 

 


Posted on December 13, 2017 at 1:06 am
Kim O. Dales | Posted in Uncategorized |

November 2017

NOVEMBER REAL ESTATE BLOG

 November was a bit sleepy, with both Veterans Day, Thanksgiving and of course changing our clocks back an hour. Shorter days makes it difficult as it is dark when buyers get off work making viewing homes a bit challenging. There were 2 new listings in November. The home on West Laurel Dr. was only on the market for 4 days and received 2 offers. This home was a classic Tudor with phenomenal views. The new listing on 3817 49th Ave NE has been on the market for 14 days. Situated on a dead end street with views of Lake Washington.

ACTIVE LISTINGS AS OF NOVEMBER 30TH

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

*4528 W Laurel Dr $1,600,000 4/2.25 1931 3,260 $490.80
3141 E Laurelhurst Dr NE $2,260,000 3/3.s5 1923 3,840 $588.54
4312 36th Ave NE $2,279,000 5/5.5 2016 4,800 $474.79
4511 NE 38th St $2,295,000 4/3 1938 4,044 $567.51
3817 49th Ave NE $2,468,000 4/3.75 1970 3,467 $711,85
4549 55th Ave NE $2,795,000 4/4 2014 4,320 $646.99
3408 E Laurelhurst Dr NE $2,950,000 4/4.25 1911 4,410 $668.93
3054 E Laurelhurst Dr NE $11,800,000 5/4.75 1928 7,683 $1,535.86

* New listing & under contract in November

 

PENDING INSPECTION IN NOVEMBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
*4528 W Laurel Dr $1,600,000 4/2.25 3,260 4

 

CDOM = Cumulative Days on Market

 

SOLD IN NOVEMBER

 

Address List Price Sale Price CDOM Beds/Baths Sq.Ft. Price p/sq.ft Date Sold
4702 46th Ave NE $895,000 $895,000 22 2/1.75 2,230 $401.35 11/20
5150 46th Ave NE $895,000 $900,000 8 4/1.75 2,024 $444.66 11/02
4323 NE 45th St $1,150,000 $1,000,000 33 4/2.25 2,286 $437.45 11/29
5142 45th Ave NE $1,125,000 $1,313,000 8 4/2.75 2,410 $544.81 11/17
4118 42nd Ave NE $1,395,000 $1,525,000 7 5/3.75 3,770 $404.51 11/07
3710 NE 41st St $1,550,000 $1,530,000 9 4/3.25 4,540 $432.20 11/15
5018 NE 41st St $1,628,000 $1,635,000 7 3/2.5 3,210 $509.35 11/21
3600 W Laurelhurst Dr NE $2,195,000 $1,900,000 81 4/3.25 3,780 $502.65 11/07
Averages 22 2,906 $459.62

 

Median Sold Price = $1,419,000

If you have any questions regarding current real estate trends give me a call or email me @ 206.235.7772 or kodales@windermere.com

 

 


Posted on December 13, 2017 at 12:57 am
Kim O. Dales | Posted in Uncategorized | Tagged , , ,

September 2017

SEPTEMBER REAL ESTATE BLOG

 

As fall is here and winter is approaching I received this easy weatherproofing list from Ashley Doran, Title Rep for Chicago Title and a Laurelhurst resident:

 

  • Clean gutters and downspouts in mid-fall and double-check them before winter.
    Replace the filter in your furnace.
  • Close any vents in your home that may have opened for the warm weather.
  • Disconnect hoses and turn off the water.
  • Buy a snow shovel and other winter supplies before the messy weather hits.
  • Keep extra water and canned food in storage, just in case.
    Check the attic, walls and basement for adequate insulation.
  • Feel around electrical outlets and switch-plates for cold air; add insulation where necessary.
  • Look around doors and windows for gaps and potential places where warm air can escape.
  • Caulk or apply weatherstripping around problem drafts areas.
  • Have a contractor look for damaged roof shingles and loose gutters.
  • Have a heating/cooling expert look at your furnace if you are unsure of its efficiency.
  • Have chimneys and wood stoves cleaned early in the season.
  • Test the flue for each fireplace for a tight seal when closed.

 

Back to real estate! As you can see from the number of active listings we have seen a bit of a slow down especially in the upper price range. In September there were 5 new listings.  The home on NE 45th St is being sold by Seattle Children’s. 42nd Ave NE has lovely views and includes an extra lot next door with a rare 5 bedrooms up. A beautiful craftsman with commanding lake views on E Laurelhurst Drive was listed @ $3,200,000 and had a recent price reduction to $2,950,000, and the largest property listed in September 5020 NE 45th St has over an acre of property. Note in the pending section that the homes that have been priced competitively are under contract in less that 8 days.  Closed sales also reflect days on market with 4 of the 8 under contract in 8 days or less. 8 must be the lucky number for September

ACTIVE LISTINGS AS OF SEPTEMBER 30TH

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4323 NE 45th St $1,150,000 4/2.5 1929 2,286 $503.06
4118 42nd Ave NE $1,395,000 5/3.75 1929 3,770 $370.03
3600 W Laurelhurst Dr NE* $2,195,000 4/3.25 1987 3,780 $580.69
4312 36th Ave NE $2,399,000 5/5.5 2016 4,800 $499.79
5155 NE Latimer Place * $2,595,000 5/3.25 1925 3,800 $682.89
4549 55th Ave NE* $2,795,000 4/4 2014 4,320 $646.99
3408 E Laurelhurst Dr NE $2,950,000 4/4.25 1911 4,410 $668.93
5020 NE 45th St $5,250,000 5/5.5 1969 8,710 $602.76
3627 42nd Ave NE $10,008,000 6/4.25 1921 6,860 $1,458.89
3054 E Laurelhurst Dr NE $11,800,000 5/4.75 1928 7,683 $1,535.86

* Price reduction

 

PENDING IN SEPTEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
*5223 Ivanhoe Pl NE $799,000 2/1.75 1,380 6
*5007 Ivanhoe Pl NE $875,000 4/1.75 1,400 7
*5150 46th Ave NE $895,000 4/1.75 2,024 8
*5133 46th Ave NE $995,000 5/2.75 2,190 7
*5031 44th Ave NE $1,050,000 3/3.25 2,011 1
*5025 44th Ave NE $1,275,000 3/3.25 2,492 5

 

*= listed and under contract in August

CDOM = Cumulative Days on Market

 

CONTINGENT

Address List Price Beds/

Baths

Sq.Ft. CDOM
4702 46th Ave NE $895,000 2/1.75 2,230 13
3922 N E Belvoir Pl $1,695,000 4/3.5 4,370 163

 

SOLD IN SEPTEMBER

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft. Price

p/sq.ft

Date Sold
5015 Ivanhoe PL NE $999,950 $1,050,000 3 4/2.25 1,910 $549.74 9/15
5027 44th Ave NE $1,125,000 $1,125,000 1 3/3.25 2,204 $510.44 9/22
4318 NE 42nd St $1,149,950 $1,136,500 13 3/1.5 2,500 $454.60 9/8
3612 47th Ave NE $1,135,000 $1,135,000 29 4/2.25 2,350 $593.62 9/29
4834 NE 43rd St $1,525,000 $1,525,000 5 4/2.5 2,700 $564.81 9/1
3816 49th Ave NE $2,150,000 $2,050,000 26 5/3.25 4,569 $448.68 9/1
4553 52nd Ave NE $2,275,000 $2,406,000 8 4/2.75 4,060 $592.61 9/15
Averages 12 2,899 $530.64

 

Median Sold Price = $1,395,000

 

If you have any questions regarding current real estate trends give me a call or email me @ 206.235.7772 or kodales@windermere.com

 

 


Posted on December 4, 2017 at 6:23 pm
Kim O. Dales | Posted in Uncategorized | Tagged , , ,

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