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
August 2018
AUGUST REAL ESTATE BLOG
There is just one statement to define our market in August. It basically went on vacation! Only 2 new listings, but the good news for those homeowners is that they both received offers and are pending.
As you have been hearing in the news the market appears to have slowed down somewhat. This could be a result of many factors: buyer fatigue, an increase in interest rates, or simply that August is historically a slow month. Seller’s, buyer’s and yes even Realtors take time off during the month of August. With that said, some interesting things did happen with our market in August. First of all the typical 6-10 days on market increased with only one home going pending in less than 10 days. This a stark contrast to last year when there were 11 new listings and 5 of those went pending in 8 days or less.
Regarding the market in general only 4 homes closed in August of 2018 with a lower median sales price of $1,160,000 compared to August of 2017 with the same number of closings but a median sales price of $1,462,500. The biggest contrast is the number of homes on the market with 11 new listings in August of 2017 compared to only 2 this year.
It will be interesting to see if we see an increase in listings in September and how the market reacts.
Kim
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| *4522 NE 54th St | $899,950 | 3/1.75 | 1947 | 1,800 | 13 | $499.97 |
| *3626 42nd Ave NE | $1,250,000 | 3/1.75 | 1941 | 1,500 | 8 | $833.33 |
| 4215 55th Ave NE | $2,400,000 | 6/3.25 | 1958 | 3,760 | 36 | $638.30 |
| 4214 53rd Ave NE | $2,450,000 | 4/3 | 1916 | 3,671 | 45 | $667.39 |
| 3011 E Laurelhurst Dr | $2,995,000 | 4/3.5 | 1908 | 5,380 | 85 | $556.69 |
| 3516 46th Ave NE | $3,087,000 | 6/4.5 | 1921 | 4,400 | 68 | $701.59 |
| 5020 NE 45th St | $4,750,000 | 5/5.5 | 1969 | 8,710 | 195 | $545.35 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 721 | $1,535.86 |
* Listed & under contract in August
CONTINGENT IN AUGUST
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 4826 NE 41st St | $1,550,000 | 4/2.25 | 3,300 | 115 |
PENDING IN AUGUST
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *4522 NE 54th St | $799,950 | 3/1.75 | 1,800 | 13 |
| 4526 48th Ave NE | $1,049,000 | 3/2.25 | 1,860 | 25 |
| 5107 46th Ave NE | $1,165,000 | 4/2 | 2,695 | 31 |
| *3626 42nd Ave NE | $1,250,000 | 3/1.75 | 1,500 | 8 |
| 4114 36th Ave NE | $1,495,000 | 4/3.25 | 3,180 | 80 |
| 4239 51st Ave NE | $1,795,000 | 6/3.25 | 2,980 | 35 |
| 3915 51st Ave NE | $2,495,000 | 4/3.5 | 4,190 | 63 |
*Listed and under contract in August
SOLD IN AUGUST
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 5005 48th Ave NE | $950,000 | $1,051,000 | 8 | 3/1.75 | 1,950 | $538.97 | 8/31 |
| 4535 NE 41st St | $1,195,000 | $1,150,000 | 8 | 4/2.75 | 2,070 | $555.56 | 8/10 |
| 3844 Surber Dr NE | $1,200,000 | $1,170,000 | 11 | 3/1.75 | 1,690 | $692.31 | 8/3 |
| 4202 43rd Ave NE | $1,198,000 | $1,200,000 | 3 | 4/1.75 | 2,758 | $435.10 | 8/31 |
| Averages | $1,142,750 | 8 | $555.48 |
Median Sales Price = $1,160,000
CDOM = Cumulative Days on Market
July 2018
JULY REAL ESTATE BLOG
July was a very busy month in our neighborhood with some interesting market developments. First of all for the first time in approximately 5 years we had 15 active listings in July! Across the city more properties have been coming on the market, however the market has slowed resulting in an increase in days on market and more price reductions than we have seen. In July, 9 of the 15 active listings in Laurelhurst have been on the market for greater than 17 days. This is a marked change from our spring market or, for that matter from the past few years.
Second, the number of multiple offers are decreasing and in fact many homes are not receiving offers on their review dates. What does this mean for sellers? If you are planning to list your home in the next few months I would suggest being a bit more conservative in your pricing. You need to say to yourself, if I list my home at this price and that is the offer I receive will I be satisfied? Seller’s have become used to multiple offers driving their list price up, suddenly this is no longer the case, so I would suggest caution in pricing. The last thing a seller wants is double digit days on market. This sends a signal to potential buyers that the home is overpriced and that there is room to negotiate.
With that said the median sold price in Laurelhurst for July of 2018 was $1,720,000 compared to July of 2017 which was $1,537,500.
Have a great remainder of your summer!
Kim
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| 5005 48th Ave NE | $950,000 | 3/1.75 | 1960 | 1,950 | 4 | $487.18 |
| 4526 48th Ave NE | $1,049,000 | 3/2.25 | 1943 | 1,860 | 9 | $563.98 |
| 5107 46th Ave NE | $1,165,000 | 4/2 | 1943 | 2,695 | 18 | $432.28 |
| *4535 NE 41st St | $1,195,000 | 4/2.75 | 1933 | 2,070 | 8 | $577.29 |
| *4202 43rd Ave NE | $1,198,000 | 4/1.75 | 1946 | 2,758 | 3 | $434.37 |
| 4114 36th Ave NE | $1,495,000 | 4/3.25 | 1946 | 3,180 | 52 | $470.13 |
| 4826 NE 41st St | $1,550,000 | 4/2.25 | 1930 | 3,300 | 87 | $469.70 |
| 4011 50th Ave NE | $1,675,000 | 4/2.25 | 1929 | 2,410 | 8 | $695.02 |
| 3915 51st Ave NE | $2,390,000 | 4/3.5 | 2003 | 4,190 | 52 | $570.41 |
| 4215 55th Ave NE | $2,400,000 | 6/3.25 | 1958 | 3,760 | 8 | $638.30 |
| 4214 53rd Ave NE | $2,450,000 | 4/3 | 1916 | 3,671 | 17 | $667.39 |
| 3011 E Laurelhurst Dr | $2,995,000 | 4/3.5 | 1908 | 5,380 | 57 | $556.69 |
| 3516 46th Ave NE | $3,087,000 | 6/4.5 | 1921 | 4,400 | 49 | $701.59 |
| 5020 NE 45th St | $4,750,000 | 5/5.5 | 1969 | 8,710 | 167 | $545.35 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 693 | $1,535.86 |
*listed and under contract in July
CONTINGENT IN JULY
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 4239 51st Ave NE | $1,795,000 | 6/3.25 | 2,980 | 28 |
PENDING IN JULY
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *4535 NE 41st St | $1,195,000 | 4/2.75 | 2,070 | 8 |
| *4202 43rd Ave NE | $1,198,000 | 4/1.75 | 2,758 | 3 |
| 3844 Surber Dr NE | $1,200,000 | 3/1.75 | 1,690 | 11 |
| 3201 43rd Ave NE | $11,750,000 | 4/6 | 8,562 | 41 |
*Listed and under contract in July
SOLD IN JUNE
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 5042 Harold Pl NE | $1,065,000 | $1,075,000 | 23 | 2/1.75 | 1,930 | $556.99 | 7/17 |
| 5029 44th Ave NE | $1,150,000 | $1,203,088 | 2 | 3/3.25 | 2,091 | $575.36 | 7/9 |
| 4133 42nd Ave NE | $1,500,000 | $1,500,000 | 12 | 5/2.75 | 2,720 | $551.47 | 7/10 |
| 4316 36th Ave NE | $1,599,000 | $1,520,000 | 28 | 8/4 | 3,650 | $416.44 | 7/31 |
| 5112 46th Ave NE | $1,995,000 | $1,920,000 | 33 | 4/3.25 | 3,509 | $547.16 | 7/24 |
| 4537 49th Ave NE | $1,949,500 | $1,949,500 | 6 | 5/3.5 | 3,790 | $514.38 | 7/5 |
| 3908 NE 38th St | $2,295,000 | $2,250,000 | 4 | 3/2 | 2,800 | $803.57 | 7/31 |
| 3315 E Laurelhurst Dr NE | $2,495,000 | $2,392,500 | 19 | 5/3.25 | 4,270 | $560.30 | 7/5 |
| Averages | $1,726,261 | 16 | $565.71 |
Median Sales Price = $1,720,000
CDOM = Cumulative Days on Market
June 2018
JUNE REAL ESTATE BLOG
Happy summer everyone! June was rather quiet in the neighborhood with only 5 new listings. As you will see from the chart days on market, which has typically been under 10 days, has increased considerably. The most important takeaway is that it appears the market is cooling down a bit, with many homes not receiving offers on the posted review date. Why is this happening? I feel it is 3 fold: 1. it is now summer and buyers and their families are shifting their focus from buying a home to planning a vacation. 2. interest rates for a conventional 30 loan are now hovering at about 6% 3. there is a level of buyer burnout as buyers are getting tired of spending money for pre-inspections and sewer scopes only to have to compete and lose their offer to a higher bidder.
If you are a seller contemplating listing your home you will need to have realistic expectations regarding pricing, with home preparation being forefront in the listing process. The more you can do to present your home in a positive light the strong and more offers you will receive. Below are 5 tips:
- Paint. If you have peeling or cracking paint get it repaired. Deferred maintenance is a red flag for buyers
- Service your furnace. Your furnace should be serviced annually and is an expectation of buyers. Make sure your service provider puts a sticker on your furnace that is visible for a prospective buyer to view.
- Oil tanks. If you have converted to gas from oil you need to have your oil tank decommissioned. A buyer will expect this so just do it now to decrease any issues down the road.
- Home inspection. By doing a home inspection before you list your home you can make any major repairs and it can be shared with a buyer which is very helpful.
- Sewer scope. I can’t tell you how many home owners say to me. “I don’t have a sewer issue my toilets flush fine”. What homeowners don’t realize is that if there is a break in the line it won’t back up it will leach out I would advise you to do one, pay for any necessary repairs and share it with any potential buyers. They will greatly appreciate it.
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| 5047 Harold Pl NE | $1,065,000 | 2/1.75 | 1945 | 1,930 | 17 | $551.81 |
| *5029 44th Ave NE | $1,150,000 | 3/3.25 | 2017 | 2,091 | 2 | $549.98 |
| 3844 Surber Dr NE | $1,200,000 | 3/1.75 | 1956 | 1,690 | 10 | $710.06 |
| 4826 NE 41st St | $1,550,000 | 4/2.25 | 1930 | 3,300 | 55 | $469.70 |
| 4144 36th Ave NE | $1,590,000 | 4/3.25 | 1995 | 3,180 | 20 | $500.00 |
| *4537 49th Ave NE | $1,949,500 | 5/3.5 | 2005 | 3,790 | 6 | $514.38 |
| 3915 51st Ave NE | $2,495,000 | 4/3.5 | 2003 | 4,190 | 20 | $595.47 |
| 3011 E Laurelhurst Dr NE | $3,200,000 | 4/3.5 | 1908 | 5,380 | 25 | $594.80 |
| 3516 46th Ave NE | $3,250,000 | 5/4.5 | 1921 | 4,400 | 17 | $738.64 |
| 5020 NE 45th St | $4,750,000 | 5/5.5 | 1969 | 8,710 | 135 | $568.31 |
| 3201 43rd Ave NE | $11,750,000 | 4/6 | 2017 | 8,562 | 13 | $1,372.34 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 661 | $1,535.86 |
*listed and under contract in June
PENDING IN JUNE
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *5029 44th Ave NE | $1,150,000 | 3/3.25 | 2,091 | 2 |
| 4316 36th Ave NE | $1,599,000 | 8/4 | 3,650 | 28 |
| *4537 49th Ave NE | $1,949,500 | 5/3.5 | 3,790 | 6 |
| 3315 E Laurelhurst Dr NE | $2,495,000 | 5/3.25 | 4,270 | 19 |
*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 |
| 5047 Ivanhoe Pl NE | $1,100,000 | $1,050,000 | 19 | 3/1.75 | 2,130 | $492.96 | 6/16 |
| 4747 48th Ave NE | $1,019,500 | $1,265,000 | 6 | 3/1.75 | 1,385 | $913.36 | 6/11 |
| 5027 Ivanhoe Pl NE | $1,225,000 | $1,390,000 | 7 | 4/3.25 | 2,140 | $649.53 | 6/15 |
| 4108 43rd Ave NE | $1,500,000 | $1,500,000 | 11 | 4/2.5 | 3,365 | $445.77 | 6/6 |
| 5146 48th Ave NE | $2,199,950 | $2,199,950 | 8 | 5/5 | 4,040 | $544.54 | 6/22 |
| 3817 49th Ave NE | $2,260,000 | $2,260,000 | 157 | 4/3.75 | 3,467 | $651.86 | 6/13 |
| 5100 NE Latimer Pl | $2,885,000 | $2,800,000 | 52 | 4/3.75 | 5,170 | $541.59 | 6/29 |
| Averages | $1,780,707 | 37 | $605.66 |
Median Sales Price = $1,500,000
CDOM = Cumulative Days on Market
May 2018
MAY REAL ESTATE BLOG
May proved to be our most active month for listings in 2018, with 8 new active listings with 5 that went from active to pending with an average of 10 days on the market.
Also noteworthy is the median home price ($1,788,000), this was greatly effected by the beautiful waterfront home that sold on E. Laurelhurst Dr NE. This home with waterfront cottage, had been extensively remodeled resulting in multiple offers, and selling just 4 days after listing for $7,445,000!
The market in Laurelhurst continues to be brisk with no apparent end in sight. As summer approaches we may see a bit of a slow down, but based on May’s performance June may end up being just as busy.
Happy beginning of summer!
Kim
ACTIVE LISTINGS
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| *4747 48th Ave NE | $1,019,500 | 3/1.75 | 1943 | 1,385 | 6 | $736.10 |
| *5047 Ivanhoe Pl NE | $1,100,000 | 3/1.75 | 1951 | 2,130 | 19 | $516.43 |
| *5027 Ivanhoe Pl NE | $1,225,000 | 4/3.5 | 1946 | 2,140 | 7 | $572.43 |
| *4108 43rd Ave NE | $1,500,000 | 4/2.5 | 1928 | 3,365 | 11 | $445.77 |
| 4826 NE 41st St | $1,595,000 | 4/2.25 | 1930 | 3,300 | 27 | $483.33 |
| 4316 36th Ave NE | $1,599,000 | 8/4 | 1915 | 3,650 | 25 | $438.08 |
| 5112 46th Ave NE | $1,995,000 | 4/3.25 | 2015 | 3,509 | 6 | $568.54 |
| *5146 48th Ave NE | $2,199,950 | 5/5 | 2018 | 4,040 | 8 | $544.54 |
| 3315 E Laurelhurst Dr NE | $2,495,000 | 5/3.25 | 1924 | 4,270 | 17 | $584.31 |
| 5100 NE Latimer Pl | $3,100,000 | 4/3.75 | 1900 | 5,170 | 41 | $599.61 |
| 5020 NE 45th St | $4,750,000 | 5/5.5 | 1969 | 8,710 | 107 | $568.31 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 599 | $1,535.86 |
*listed and under contract in May
PENDING INSPECTION IN MAY
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 4133 42nd Ave NE | $1,500,000 | 5/2.75 | 2,720 | 12 |
PENDING IN MAY
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *4747 48th Ave NE | $1,019,500 | 3/1.75 | 1,385 | 6 |
| *5047 Ivanhoe Pl NE | $1,100,000 | 3/1.75 | 2,130 | 19 |
| *5027 Ivanhoe Pl NE | $1,225,000 | 4/3.5 | 2,140 | 7 |
| 4108 43rd Ave NE | $1,500,000 | 4/2.5 | 3,365 | 11 |
| 5146 48th Ave NE | $2,199,950 | 5/5 | 4,040 | 8 |
| 3817 49th Ave NE | $2,260,000 | 4/3.75 | 3,467 | 157 |
*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 |
| 5034 48th Ave NE | $835,000 | $875,000 | 8 | 2/1 | 1,090 | $802.75 | 5/31 |
| 3925 48th Ave NE | $1,195,000 | $1,385,000 | 6 | 4/2 | 2,900 | $477.59 | 5/2 |
| 4810 NE 44th St | $1,788,000 | $1,788,000 | 11 | 4/3 | 3,367 | $531.04 | 5/4 |
| 5155 NE Latimer Place | $2,150,000 | $2,150,000 | 40 | 5/3.25 | 3,800 | $565.79 | 5/11 |
| 3112 E Laurelhurst Dr NE | $7,445,000 | $7,445,000 | 4 | 5/4 | 5,700 | $1,306.14 | 5/22 |
| Averages | 60 | 3,489 | $801.43 |
Median Sales Price = $1,788,000
CDOM = Cumulative Days on Market
April 2018
APRIL REAL ESTATE BLOG
April was very quiet in the neighborhood with only 3 new listings! Of those three, two received offers and are now pending. It is such a sellers market, especially in a sought after neighborhood like Laurelhurst. Also of note is that two waterfront homes were recently listed with one selling with multiple offers, and the second pending also with multiple offers.
Single-family home costs across the metro area grew 12.7 percent in February from a year earlier, the biggest increase in the nation for the 18th month in a row, according to the monthly Case-Shiller home price index, released Tuesday.
The report marked six years since home values bottomed out in February 2012. Since then, values have increased 85 percent — nearly triple the region’s historical average for a typical six-year span. Only San Francisco and Las Vegas had bigger gains during that period.
I hope you are all enjoying the sunshine and our improved weather!
ACTIVE LISTINGS AS OF May 1st
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| *4208 43rd Ave NE | $1,725,000 | 5/2.25 | 1929 | 3,200 | 6 | $539.06 |
| 3817 49th Ave NE | $2,260,000 | 4/3.75 | 1970 | 3,467 | 146 | $651.86 |
| 5100 NE Latimer Pl | $3,100,000 | 4/3.75 | 1900 | 5,170 | 7 | $599.61 |
| 5020 NE 45th St | $4,950,000 | 5/5.5 | 1969 | 8,710 | 73 | $568.31 |
| *3112 E Laurelhurst Dr NE | $7,445,000 | 5/4 | 1925 | 3,800 | 4 | $1,306.14 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 599 | $1,535.86 |
*listed and under contract in April
PENDING IN APRIL
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| 4744 44Th Ave NE | $1,100,000 | 4/1.75 | 2,200 | 23 |
| 4810 NE 44th St | $1,788,000 | 4/3 | 3,367 | 11 |
| *4208 43rd Ave NE | $1,725,000 | 5/2.25 | 3,200 | 7 |
| 5155 NE Latimer Pl | $2,150,000 | 5/3.25 | 3,800 | 40 |
| *3112 E Laurelhurst Dr NE | $7,445,000 | 5/4 | 7,683 | 4 |
*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 |
| 4736 45th Ave NE | $1,595,000 | $1,610,000 | 9 | 4/1.75 | 2,960 | $543.92 | 4/12 |
| *4208 43rd Ave NE | $1,725,000 | $1,850,000 | 7 | 5/2.25 | 3,200 | $578.13 | 4/27 |
| 3141 E Laurelhurst Dr NE | $2,260,000 | $2,038,000 | 149 | 3/3.25 | 3,840 | $530.73 | 4/3 |
| 4511 NE 38th St | $2,195,000 | $2,050,000 | 122 | 4/3 | 4,044 | $506.92 | 4/27 |
| 4546 48th Ave NE | $2,250,000 | $2,225,000 | 8 | 5/3.5 | 4,120 | $540.05 | 4/18 |
| 3834 46th Ave NE | $2,395,000 | $2,350,000 | 8 | 4/3.75 | 5,120 | $458.98 | 4/27 |
| 4105 NE Surber Dr | $4,950,000 | $5,100,000 | 2 | 5/4 | 7,510 | $679.09 | 4/16 |
| Averages | 44 | 4,399 | $548.26 |
Median Sales Price = $2,050,000
CDOM = Cumulative Days on Market
March 2018
MARCH REAL ESTATE BLOG
The market picked up in March which is consistent with our annual spring inventory surge. Surge is probably not a fair term when you consider there are approximately 1,600 homes in Laurelhurst, and there were only 5 new listings in March, with 4 active listings having 39 or more days on the market. It is also interesting to note that the March new listings also received offers and went from Active to Pending this month with an average of 7.6 days on the market!
City wise, inventory is down over 20% from last year. With a Median sales price of $1,410,000. This is an increase of $555,000 over March 2017 which had a Median sales price of $855,000. Nationally, Seattle and Denver are tied in the lack of inventory department with numerous waiting and willing buyers waiting on the sidelines.
Happy Spring!
ACTIVE LISTINGS AS OF April 2nd
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| *3925 48th Ave NE | $1,195,000 | 4/2 | 1925 | 2,880 | 6 | $414.93 |
| *4736 45th Ave NE | $1,595,000 | 4/1.75 | 1928 | 2,960 | 9 | $538.85 |
| *4810 NE 44th St | $1,788,000 | 4/3 | 1950 | 3,367 | 9 | $531.04 |
| 5155 NE Latimer Pl | $2,150,000 | 5/3.25 | 1925 | 3,800 | 39 | $565.79 |
| *4546 48th Ave NE | $2,250,000 | 5/3.5 | 2016 | 4,120 | 6 | $546.12 |
| *3834 46th Ave NE | $2,395,000 | 4/3.75 | 2004 | 5,120 | 8 | $467.77 |
| 3817 49th Ave NE | $2,438,000 | 4/3.75 | 1970 | 3,467 | 123 | $703.20 |
| 5020 NE 45th St | $4,950,000 | 5/5.5 | 1969 | 8,710 | 44 | $568.31 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 538 | $1,535.86 |
*listed and under contract in March
PENDING IN MARCH
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *3925 48th Ave NE | $1,195,000 | 4/2 | 2,880 | 6 |
| *4736 45th Ave NE | $1,595,000 | 4/1.75 | 2,960 | 9 |
| 4511 NE 38th St | $2,195,000 | 4/3 | 4,044 | 122 |
| 3834 46th Ave NE | $2,395,000 | 4/3.75 | 5,120 | 8 |
| 4105 NE Surber Dr | $4.950,000 | 5/4 | 7,510 | 2 |
*Listed and under contract in March
SOLD IN MARCH
| Address | List Price | Sale Price | CDOM | Beds/
Baths |
Sq.Ft | Price
p/sq.ft |
Date Sold |
| 3712 41st Ave NE | $1,250,000 | $1,350,000 | 6 | 3/1.75 | 2,360 | $572.03 | 3/21 |
| 4715 45th Ave NE | $1,185,000 | $1,370,000 | 7 | 4/1.5 | 2,210 | $619.91 | 3/2 |
| 5015 Harold Pl NE | $1,195,000 | $1,410,000 | 7 | 4/2.5 | 2,660 | $530.08 | 3/16 |
| 3357 46th Ave NE | $1,975,000 | $1,975,000 | 13 | 5/4 | 3,745 | $527.37 | 3/8 |
| 4549 55th Ave NE | $2,980,000 | $2,510,000 | 205 | 4/4 | 4,320 | $581.02 | 3/13 |
| Averages | 74 | 3,059 | $566.08 |
Median Sales Price = $1,410,000
CDOM = Cumulative Days on Market
February 2018
FEBRUARY REAL ESTATE BLOG
February was very consistent with our February 2017 market in Laurelhurst. However it is interesting to note that home sales in King County were down 16.53% from February 2017. Inventory was down 18%. This of course results in many multiple offers which pushes the closing price up considerably.
In February there were 6 new listing, 4 of which went pending and 2 sold, one in only 2 weeks. In general the offers are either cash or the buyers are waiving their financing contingencies to make their offers more attractive. Two other notable statistics in our current market are 52% of homes in King County sold for over their list price and the current median home value in Seattle is $727,400. This number is much higher in Laurelhurst but these numbers are driving buyers north, south, and east of the city to attempt to find affordable housing.
ACTIVE LISTINGS AS OF March 1st
| Address | List Price | Beds/
Baths |
Year
Built |
Sq.Ft | CDOM | Price
p/sq.ft |
| *5015 Harold Pl NE | $1,195,000 | 4/2.5 | 1946 | 2,660 | 7 | $449.25 |
| 3712 41st Ave NE | $1,250,000 | 5/3.25 | 1940 | 2.360 | 6 | $529.66 |
| *3357 46th Ave NE | $1,975,000 | 5/4 | 1929 | 3,745 | 13 | $527.37 |
| 5155 NE Latimer Pl | $2,150,000 | 5/3.25 | 1925 | 3,800 | 7 | $565.79 |
| 4511 NE 38th St | $2,195,000 | 4/3 | 1938 | 4,044 | 97 | $542.78 |
| 4312 36th Ave NE | $2,279,000 | 5/5.5 | 2016 | 4,800 | 174 | $474.79 |
| 3817 49th Ave NE | $2,438,000 | 4/3.75 | 1970 | 3,467 | 91 | $703.20 |
| 3627 42nd Ave NE | $10,000,000 | 6/4.5 | 1921 | 6,860 | 515 | $1,457.73 |
| 3054 E Laurelhurst Dr NE | $11,800,000 | 5/4.75 | 1928 | 7,683 | 538 | $1,535.86 |
PENDING IN FEBRUARY
| Address | List Price | Beds/
Baths |
Sq.Ft. | CDOM |
| *5015 Harold Pl NE | $1,195,000 | 4/2.5 | 2,660 | 7 |
| 3609 NE 43rd St | $1,480,000 | 3/2.25 | 2,660 | 6 |
