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 |
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
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
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!
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
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
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
