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 |
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
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
