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

 

Posted on February 4, 2019 at 6:53 pm
Kim O. Dales | Category: Uncategorized

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

 

Posted on January 8, 2019 at 10:10 pm
Kim O. Dales | Category: Uncategorized

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

 

Posted on January 8, 2019 at 10:08 pm
Kim O. Dales | Category: Uncategorized

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

 

Posted on January 8, 2019 at 10:05 pm
Kim O. Dales | Category: Uncategorized

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

 

Posted on January 8, 2019 at 9:48 pm
Kim O. Dales | Category: Uncategorized

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

 

Posted on January 8, 2019 at 9:46 pm
Kim O. Dales | Category: Uncategorized

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:

  1. Paint. If you have peeling or cracking paint get it repaired. Deferred maintenance is a red flag for buyers
  2. 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.
  3. 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.
  4. 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.
  5. 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

 

 

Posted on August 17, 2018 at 4:46 pm
Kim O. Dales | Category: Uncategorized

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

 

 

Posted on August 17, 2018 at 4:43 pm
Kim O. Dales | Category: Uncategorized

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

 

Posted on August 17, 2018 at 4:40 pm
Kim O. Dales | Category: Uncategorized

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

 

 

Posted on August 17, 2018 at 4:36 pm
Kim O. Dales | Category: Uncategorized

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