June 2019
JUNE REAL ESTATE BLOG
Happy end of June everyone! Interestingly enough June of 2019 and 2018 were quite similar. The number of sold homes in 2018 was 7 and 6 in 2019. Also the median sale price was slightly less in 2018, $1,500,000 compared to this Junes median sales price of $1,524,000. By far the biggest difference was cumulative days on market. Last June the average days on market was 37, this year it was only 15 which is excellent news.
In April I mentioned a change in the excise tax calculations effective in June of 2020. I have included a link to a more comprehensive breakdown of what this will mean to you if you are planning to sell in 2020 based on your sales price range. Washington State Excise Tax Cheat Sheet
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | Price
p/sq.ft |
| 4606 NE 47th St | $939,000 | 3/1.75 | 1942 | 1,500 | $626.00 |
| 5029 46th Ave NE | $1,025,000 | 3/1.75 | 1963 | 1,670 | $613.77 |
| 4276 NE 50th St | $1,098,000 | 4/2.5 | 2019 | 2,045 | $536.92 |
| 3826 46th Ave NE | $1,282,000 | 4/2 | 1927 | 2,520 | $377.06 |
| 4840 NE 40th St | $1,360,000 | 5/2 | 1927 | 3,600 | $377.78 |
| 4545 49th Ave NE | $1,365,000 | 4/3.5 | 1950 | 2,520 | $541.67 |
| 4559 NE 41st St | $1,770,000 | 4/3.75 | 1988 | 3,160 | $560.13 |
| 3800 44th Ave NE | $1,875,000 | 4/3.25 | 1941 | 3,880 | $483.25 |
| 3732 47th Pl NE | $1,970,000 | 4/3 | 1930 | 3,950 | $498.73 |
| 3920 NE 38th St | $1,795,000 | 4/3.25 | 1940 | 3,450 | $520.29 |
| 4503 48th Ave NE | $2,150,000 | 5/3.5 | 2015 | 4,133 | $520.20 |
| 4541 46th Ave NE | $2,265,000 | 5/3.5 | 2017 | 4,070 | $556.51 |
| 4515 51st Ave NE | $2,265,000 | 4/2.25 | 1940 | 4,200 | $539.29 |
| 3613 NE 42nd St | $2,349,950 | 5/4.5 | 2019 | 4,402 | $533.84 |
| 3011 E Laurelhurst Dr NE | $2,775,000 | 4/3.5 | 1908 | 5,380 | $515.80 |
| 4804 NE 40th St | $2,990,000 | 5/4 | 2019 | 4,700 | $636.17 |
| 3151 W Laurelhurst Dr NE | $3,250,000 | 4/3 | 1940 | 3,090 | $1,051.78 |
| 5020 NE 45th St | $4,450,000 | 5/5.5 | 1969 | 6,430 | $692.07 |
| 4208 55th Ave NE | $4,650,000 | 4/2.5 | 1957 | 3,230 | $1,439.63 |
CONTINGENT IN JUNE
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 5058 Nicklas Pl NE | $1,395,000 | 4/2 | 3,480 | 31 |
PENDING INSPECTION IN JUNE
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *3409 W Laurelhurst Dr NE | $1,350,000 | 3/2.25 | 3,000 | 6 |
* listed and under contract in June
PENDING IN JUNE
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 4319 NE 45th St | $1,095,000 | 4/2 | 2,200 | 6 |
| *4553 NE 41st St | $1,475,000 | 3/3.25 | 2,760 | 3 |
| *4316 NE 44th St | $1,495,000 | 5/2.5 | 3,060 | 4 |
| 3855 44th Ave NE | $1,550,000 | 3/3 | 2,550 | 52 |
| *3536 45th Ave NE | $1,585,000 | 5/2.5 | 2,570 | 0 |
| *3920 NE 38th St | $1,795,000 | 4/3.25 | 3,450 | 16 |
| 4117 50th Ave NE | $1,799,000 | 5/3.25 | 2,860 | 48 |
| 4810 NE 40th St | $1,898,000 | 4/3.25 | 2,930 | 57 |
| 4707 49th Ave NE | $2,198,000 | 5/4 | 3,382 | 100 |
| 4518 52nd Ave NE | $2,350,000 | 4/2.75 | 3,380 | 29 |
| *4727 NE 36th St | $3,100,000 | 5/3.5 | 4,130 | 8 |
*listed and under contract in June
SOLD IN JUNE
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 4737 49th Ave NE | $995,000 | $1,010,000 | 6 | 3/2 | 2,000 | $505.00 | 6/17 |
| 3818 46th Ave NE | $1,475,000 | $1,450,000 | 11 | 4/2.5 | 2,490 | $582.33 | 6/25 |
| 4202 51st Ave NE | $1,575,000 | $1,498,000 | 24 | 3/3.25 | 3,450 | $434.20 | 6/6 |
| 3511 NE 43rd St | $1,395,000 | $1,550,000 | 4 | 4/2.5 | 2,830 | $547.70 | 6/27 |
| 4511 55th Ave NE | $1,825,000 | $1,750,000 | 16 | 3/3 | 2,570 | $680.93 | 6/12 |
| 3322 43rd Ave NE | $2,300,000 | $2,225,000 | 29 | 4/3.25 | 3,570 | $623.25 | 6/12 |
| Averages | $1,580,500 | 15 | $562.24 |
Median Sales Price = $1,524,000
CDOM = Cumulative Days on Market
May 2019
MAY REAL ESTATE BLOG
Happy June everyone! Well as you can see the market in Laurelhurst is very very active! I honestly can’t remember the last time we had so many active listings. As you will note we also saw a decrease in the median sales price from last year, and have quite a few homes that are staying on the market longer than in the past few years. Seller’s beware, you can either sell or sit… Remember in the end the buyer sets the final price. If you list too high typically a savvy buyer will wait for a price reduction. If you price aggressively you might end up with multiple offers, pushing up the purchase price, and at the same time if buyer’s are competing they will waive more contingencies to make their offer appealing. This strategy is great for the seller because there isn’t any back and forth on inspections, title or other contingencies.
Enjoy the sunshine everyone!
Kim
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | Price
p/sq.ft |
| 4606 NE 47th St | $939,000 | 3/1.75 | 1942 | 1,500 | $626.00 |
| 4319 NE 45th St | $1,095,000 | 4/2 | 1964 | 2,200 | $497.73 |
| 4276 NE 50th St | $1,098,000 | 4/2.5 | 2019 | 2,045 | $536.92 |
| 3826 46th Ave NE | $1,350,000 | 4/2 | 1927 | 2,520 | $733.33 |
| 5058 Nicklas Pl NE | $1,425,000 | 4/2 | 1950 | 3,480 | $409.48 |
| 3409 W Laurelhurst Dr NE | $1,425,000 | 3/2.75 | 1926 | 2,520 | $565.48 |
| 4011 50th Ave NE | $1,495,000 | 4/2.25 | 1929 | 2,610 | $572.80 |
| 3855 44th Ave NE | $1,550,000 | 3/3 | 1927 | 2,550 | $607.84 |
| 3920 NE 38th St | $1,795,000 | 4/3.25 | 1940 | 3,450 | $520.29 |
| 4559 NE 41st St | $1,795,000 | 4/3.75 | 1988 | 3,160 | $568.04 |
| 4117 50th Ave NE | $1,895,000 | 5/3.25 | 1930 | 2,860 | $662.59 |
| 4810 NE 40th St | $1,989,000 | 4/3.25 | 2013 | 2,930 | $678.84 |
| 3732 47th Pl NE | $2,075,000 | 4/3 | 1930 | 3,950 | $525.32 |
| 4503 48th Ave NE | $2,150,000 | 5/3.5 | 2015 | 4,133 | $520.20 |
| 4707 49th Ave NE | $2,198,000 | 5/4 | 2019 | 3,382 | $649.91 |
| 4518 52nd Ave NE | $2,425,000 | 4/2.75 | 1939 | 3,380 | $717.46 |
| 3828 49th Ave NE | $2,488,000 | 5/4 | 1928 | 4,200 | $592.38 |
| 4515 51st Ave NE | $2,490,000 | 4/2.25 | 1940 | 4,200 | $592.86 |
| 3011 E Laurelhurst Dr NE | $2,775,000 | 4/3.5 | 1908 | 5,380 | $515.80 |
| 4727 NE 36th St | $3,100,000 | 5/3.5 | 1921 | 4,130 | $750.61 |
| 4804 NE 40th St | $3,150,000 | 5/4 | 2019 | 4,700 | $691.49 |
| 3151 W Laurelhurst Dr NE | $3,500,000 | 4/3 | 1940 | 3,090 | $1,132.69 |
| 5020 NE 45th St | $4,450,000 | 5/5.5 | 1969 | 6,430 | $692.07 |
| 4208 55th Ave NE | $4,750,000 | 4/2.5 | 1957 | 3,230 | $1,469,59 |
PENDING IN MAY
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *4737 49th Ave NE | $995,000 | 3/2 | 2,999 | 6 |
| *5036 47th Ave NE | $1,200,000 | 4/1.75 | 2,840 | 8 |
| *3511 NE 43rd St | $1,395,000 | 4/2.5 | 2,830 | 4 |
| *3818 46th Ave NE | $1,475,000 | 4/2 | 2,490 | 11 |
| 4202 51st Ave NE | $1,498,000 | 3/3.25 | 3,450 | 24 |
| *4511 55th Ave NE | $1,825,000 | 3/3 | 2,570 | 16 |
| 3322 43rd Ave NE | $2,300,000 | 4/3.25 | 3,570 | 29 |
| 4117 37th Ave NE | $2,495,950 | 5/3.5 | 4,385 | 74 |
* listed and under contract in May
SOLD IN MAY
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 5100 NE 55th St | $1,100,000 | $1,060,000 | 7 | 5/3.5 | 3,210 | $330.22 | 5/3 |
| 4420 50th Ave NE | $1,250,000 | $1,370,000 | 7 | 4/1.75 | 2,600 | $526.92 | 5/13 |
| 5015 Nicklas Pl NE | $1,425,000 | $1,370,000 | 13 | 3/2.75 | 2,710 | $505.54 | 5/14 |
| 4309 52nd Ave NE | $1,498,000 | $1,655,000 | 6 | 4/2.25 | 3,260 | $507.67 | 5/31 |
| 4525 49th Ave NE | $2,275,000 | $2,220,000 | 116 | 5/5.25 | 4,258 | $533.91 | 5/8 |
| Averages | $1,535,000 | 30 | $480.85 |
Median Sales Price = $1,370,000
CDOM = Cumulative Days on Market
April 2019
APRIL REAL ESTATE BLOG
As you can see from the April data spring has arrived and we have more inventory on the market than we have had thus far this year! On the one hand this is a good thing on the other hand it has increased the days on market and homes are not selling as fast.
One item looming out there for sellers to be aware of is that the Washington State legislature just passed a bill that will result in an increase in the current excise tax, which is the tax all sellers must pay when selling their homes. See this flyer for more information.
Have a wonderful spring.
Kim Dales
APRIL ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| 4737 49th Ave NE | $995,000 | 3/2 | 1947 | 2,000 | 6 | $497.50 |
| 4606 NE 47th St | $1,100,000 | 3/1.75 | 1942 | 1,500 | 21 | $733.33 |
| 4011 50th Ave NE | $1,540,,000 | 4/2.25 | 1929 | 2,610 | 52 | $590.04 |
| 4202 51st Ave NE | $1,575,000 | 3/3.25 | 1928 | 3,450 | 21 | $456.52 |
| 4117 50th Ave NE | $1,895,000 | 5/3.25 | 1930 | 2,860 | 13 | $662.59 |
| 4810 NE 40th St | $1,989,000 | 4/3.25 | 2013 | 2,930 | 10 | $678.84 |
| 4707 49th Ave NE | $2,298,000 | 5/4 | 2019 | 3,382 | 71 | $679.48 |
| 3322 43rd Ave NE | $2,300,000 | 4/3.25 | 1931 | 3,570 | 26 | $644.26 |
| 4515 51st Ave NE | $2,490,000 | 4/2.25 | 1940 | 4,200 | 52 | $592.86 |
| 4117 37th Ave NE | $2,495,000 | 5/3.5 | 2019 | 4,385 | 60 | $569.20 |
| 3828 49th Ave NE | $2,688,000 | 5/4 | 1928 | 4,200 | 75 | $640.00 |
| 3011 E Laurelhurst Dr NE | $2,775,000 | 4/3.5 | 1908 | 5,380 | 27 | $515.80 |
| 4804 NE 40th St | $3,250,000 | 2019 | 4,700 | 23 | $691.49 | |
| 3151 W Laurelhurst Dr NE | $3,500,000 | 4/3 | 1940 | 3,090 | 111 | $1,132.69 |
| 4208 55th Ave NE | $4,750,000 | 4/2.5 | 1957 | 3,230 | 6 | $1,470.59 |
PENDING IN APRIL
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *4420 50th Ave NE | $1,250,000 | 4/1.75 | 2,600 | 7 |
| 5015 Nicklas Pl NE | $1,425,000 | 3/2.75 | 2,710 | 13 |
| 4525 49th Ave NE | $2,275,000 | 5/5.25 | 4,158 | 116 |
* listed and under contract in April
SOLD IN APRIL
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 4332 NE 43rd St | $1,185,000 | $1,140,000 | 12 | 4/1.5 | 1929 | $481.01 | 4/30 |
| 4325 NE 43rd St | $1,300,000 | $1,300,000 | 34 | 3/2.25 | 2,368 | $548.99 | 4/11 |
| 4717 NE 50th St | $1,775,000 | $1,750,000 | 19 | 4/2.5 | 2,800 | $625.00 | 4/24 |
| 3408 E Laurelhurst Dr NE | $3,200,000 | $3,000,000 | 3 | 4/3.25 | 4,560 | $657.89 | 4/26 |
| Averages | $1,887,250 | 17 | $578.22 |
Median Sales Price = $1,525,000
CDOM = Cumulative Days on Market
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!
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
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
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
December RE Blog
DECEMBER AND YEAR END REAL ESTATE BLOG
December of 2018 was very quiet with only 3 new listings and only 1 sold property. December 2017 didn’t have any new listings so this is a 300% increase from last year. The days on market have definitely increased. This trend actually started at the beginning of this summer.
Looking at the year in review 62 homes were sold in 2018, which is 2 less than 2017. Fifty of these homes were in the Beach Club. The average sale price soared to $2,043,062 which in part can be attributed to an $11,000,000 waterfront property that sold this summer. The median housing price was up $125,000 from last year at $1,595,000.
With the volatility in the stock market the Seattle market remains strong. It will be interesting to see what happens in our first quarter of the housing market. For more analysis I would refer you to Windermere’s Chief Economist, Matthew Gardner 2019 forecast Matthew Gardner 2019 Economic Forecast
Happy New Year Everyone.
Kim Dales
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| 5143 46th Ave NE | $750,000 | 2/1 | 1943 | 1,020 | 11 | $735.29 |
| 3711 NE 43rd St | $1,300,000 | 4/2.75 | 1930 | 2,320 | 32 | $560.34 |
| 4546 51st Ave NE | $1,595,000 | 4/2.25 | 1939 | 2,140 | 78 | $745.33 |
| 4525 49th Ave NE | $2,275,000 | 5/5.25 | 2018 | 4,158 | 26 | $547.14 |
PENDING INSPECTION IN DECEMBER
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 5133 NE 55th St | $1,485,000 | 4/2.5 | 2,479 | 57 |
PENDING IN DECEMBER
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 5038 48th Ave NE | $850,000 | 2/1 | 1,350 | 21 |
| 4215 55th Ave NE | $2,165,000 | 5/3.25 | 3,760 | 120 |
SOLD IN DECEMBER
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 4512 NE 40th St | $1,695,000 | $1,816,000 | 4 | 4/2.25 | 3,440 | $527.91 | 12/3 |
| Averages | $1,816,000 | 4 | $527.91 |
Median Sales Price = $1,816,000
CDOM = Cumulative Days on Market
November 2018
NOVEMBER REAL ESTATE BLOG
I hope you all had a lovely Thanksgiving and gearing up for the New Year. If you have been reading the Seattle Times you are probably all very concerned about the state of our housing market. Yes the market has changed, the good news is that we now appear to be moving into a more balanced market, Realtors and sellers all need to take a collective deep breath and remember we have had 4 years of double digit house appreciation. Note that the first half of this year had an 8.5% increase in sale prices, and then retracted in the second half for a net increase of approximately 4%. For those of you interested in stats check out Alan Pope’s website alanpope.com under Market Overview. Alan is an Appraiser and has been in the business since 1992 so has seen many market cycles.
November 2018 saw a slowing of new listings, which is a consistent year over year trend (last November there were only 2 new listings), and only one home went pending. If your look at this years median sales price of $2,160,000 compared to last November’s median sales price of $1,419,000, Not bad!
I wish you all a Happy Holiday Season!
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| *5038 48th Ave NE | $850,000 | 2/1 | 1948 | 1,350 | 21 | $629.63 |
| 4546 51st Ave NE | $1,595,000 | 4/2.25 | 1939 | 2,140 | 43 | $745.33 |
| 4215 55th Ave NE | $2,165,000 | 5/3.25 | 1958 | 3,760 | 113 | $575.80 |
* Listed & under contract in November
DOM as of 11/3/18
PENDING INSPECTION IN NOVEMBER
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *5038 48th Ave NE | $850,000 | 2/1 | 1,350 | 21 |
SOLD IN NOVEMBER
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 5402 NE 54th St | $849,950 | $888,000 | 3 | 2/1.75 | 1,830 | $485.25 | 11/20 |
| 3665 50th Ave NE | $1,535,000 | $1,535,000 | 7 | 4/3.25 | 2,880 | $532.99 | 11/21 |
| 4214 53rd Ave NE | $2,450,000 | $2,160,000 | 79 | 4/3 | 3,671 | $588.40 | 11/30 |
| 3871 46th Ave NE | $1,950,000 | $2,250,000 | 2 | 4/3 | 3,240 | $694.44 | 11/28 |
| 3516 46th Ave NE | $2,932,500 | $2,725,000 | 117 | 6/4.5 | 4,400 | $619.32 | 11/30 |
| Averages | $1,911,600 | 42 | $584.08 |
Median Sales Price = $2,160,000
CDOM = Cumulative Days on Market
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
September 2018
SEPTEMBER REAL ESTATE BLOG
September ended up being a much busier month than August, with 4 new listings and of those, 3 went under contract in less than 8 days on the market. 8 homes sold this month, but notice that of those 8 properties all but one of them sold for at or over the listing price. This is a new market. Less multiple offers and with less homes selling over their original listing price.
My tip for the month is, if you are thinking of selling your home this fall or next spring, you need more than ever to have your market ready. In our past market buyers have just let many inspection issues slide, but that is no longer the case. Below is a great checklist put together by Pillar to Post Home Inspections to help you prepare your home for the market.
Inspection Checklist
Exterior Items
- Trim all vegetation 12 inches away from siding.
- Keep earth 6 inches below/away from siding & all other wood while maintaining a gentle slope away from the home.
Roof Structure
- Remove moss from roof. (Avoid pressure washing as this often causes more damage than good. Solutions & instructions can be found at most home improvement centers.)
- Extend downspouts that drain above ground, 6 feet away from structure.
- Clean gutters. (Even small amounts of debris can clog downspouts.)
- Keep trees & branches trimmed 6 feet from roof & off power lines.
Crawl Space
- Check for signs of rodents, repair damage & obtain pest control operator assistance.
- Be sure all earth is covered with 6 mm black vapor barrier. (with 6″ overlaps)
- Remove all cellulose debris large enough to be picked up by a standard garden rake.
- All crawl space vents should be open for proper ventilation (unless freezing.)
Attic
- Be sure all bathroom exhaust vents are still attached & lead to exterior of home.
- Keep insulation clear of soffit vents.
Furnace
- Gas/propane furnaces should be serviced on an annual basis. (Keep proof)
Bathrooms
- Correct slow draining sinks & tubs. Fill sinks, then drain, & look for leaks below. Repair.
Interior
- Clear storage from blocking electrical panels, attic & crawl space hatches, so the inspector does not have to make an extra trip back & slowing process.
- Remove clothing from washer & dryer so inspector can test for leaks etc.
- Keep the house clean!
Enjoy our beautiful fall colors!
Kim Dales
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| 4004 50th Ave NE | $1,360,000 | 3/2.25 | 1926 | 2,184 | 20 | $622.71 |
| *3536 45th Ave NE | $1,399,000 | 5/2.25 | 1938 | 2,570 | 7 | $544.36 |
| *3502 43rd Ave NE | $1,947,000 | 4/3.25 | 1936 | 3,490 | 4 | $557.88 |
| *5027 48th Ave NE | $2,275,000 | 6/3.5 | 2017 | 4,800 | 5 | $473.96 |
| 4215 55th Ave NE | $2,280,000 | 5/3.25 | 1958 | 3,760 | 68 | $606.38 |
| 4214 53rd Ave NE | $2,450,000 | 4/3 | 1916 | 3,671 | 80 | $667.39 |
| 3011 E Laurelhurst Dr | $2,995,000 | 4/3.5 | 1908 | 5,380 | 119 | $556.69 |
| 3516 46th Ave NE | $3,087,000 | 6/4.5 | 1921 | 4,400 | 102 | $701.59 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 755 | $1,535.86 |
* Listed & under contract in September
DOM as of 10/4/18
PENDING IN SEPTEMBER
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *3536 45th Ave NE | $1,399,000 | 5/2.25 | 2,570 | 7 |
| *3502 43rd Ave NE | $1,947,000 | 4/3.25 | 3,490 | 4 |
| *5027 48th Ave NE | $2,275,000 | 6/3.5 | 4,800 | 5 |
*Listed and under contract in September
SOLD IN SEPTEMBER
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 4522 NE 54th St | $899,950 | $890,000 | 13 | 3/1.75 | 1,800 | $494.44 | 9/18 |
| 5107 46th Ave NE | $1,165,000 | $1,150,000 | 31 | 4/2 | 2,695 | $426.72 | 9/20 |
| 3626 42nd Ave NE | $1,250,000 | $1,200,000 | 8 | 3/1.75 | 1,500 | $800.00 | 9/19 |
| 4114 36th Ave NE | $1,495,000 | $1,435,000 | 80 | 4/3.25 | 3,180 | $451.26 | 9/25 |
| 4826 NE 41st St | $1,595,000 | $1,492,000 | 116 | 4/2.25 | 3,300 | $452.12 | 9/19 |
| 4239 51st Ave NE | $1,795,000 | $1,770,000 | 35 | 6/3.25 | 2,980 | $593.96 | 9/18 |
| 3915 51st Ave NE | $2,495,000 | $2,200,000 | 63 | 4/3.5 | 4,190 | $525.06 | 9/25 |
| 3042 E Laurelhurst Dr NE | $4,595,000 | $4,595,000 | 5 | 7/2.75 | 4,220 | $1,088.86 | 9/28 |
| Averages | $1,841,500 | 88 | $604.05 |
Median Sales Price = $1,463,500
CDOM = Cumulative Days on Market
