Page not found – Real Estate https://www.kimodales.com Real Estate Tue, 20 Apr 2021 22:58:30 +0000 en-US hourly 1 February 2020 https://www.kimodales.com/2021/04/20/february-2020 https://www.kimodales.com/2021/04/20/february-2020#respond Tue, 20 Apr 2021 22:56:54 +0000 https://www.kimodales.com/?p=28181 FEBRUARY  REAL ESTATE BLOG February was pretty sleepy  The most interesting statistic are the Median Sales Prices over the last 3 years: February 2018 $2,027,500 February 2019 $1,372,750 February 2020 $601.05 * this was a new construction townhome Historically February in Seattle and Laurelhurst have been fairly quiet. Lots of rain, dark evenings, and in […]

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FEBRUARY  REAL ESTATE BLOG

February was pretty sleepy 

The most interesting statistic are the Median Sales Prices over the last 3 years:

February 2018 $2,027,500

February 2019 $1,372,750

February 2020 $601.05 * this was a new construction townhome

Historically February in Seattle and Laurelhurst have been fairly quiet. Lots of rain, dark evenings, and in general people just don’t seem to be in the buying mindset until the days get longer. 

I am hopeful that March will bring out the spring flowers and with that more listings. The buyers are just waiting on the sidelines, as interest rates dropped again last week. Low inventory is wonderful for sellers resulting many times in multiple offers, so if you are a seller contemplating putting your home on the market this would be a perfect time.

Happy Spring!

Kim Dales

ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

5005 44th Ave NE $639,950 2/1.75 2020 1,135 42 $563.83
4123 NE 41st St $1,250,000 4/1.75 1909 2,420 5 $516.53
4312 36th Ave NE $1,999,900 5/5.5 2016 4,800 45 $416.65
4558 51st Ave NE $2,195,000 6/3.25 1969 3,990 117 $550.13
5136 45th Ave NE $2,500,000 5/5 2020 4,620 20 $541.13
4528 W Laurel Dr NE $2,925,000 5/3.25 1931 3,610 42 $810.25
5020 NE 45th St $3,995,000 5/5.5 1969 6,430 301 $621.31

PENDING IN  FEBRUARY

Address List Price Beds/

Baths

Sq.Ft. CDOM
*4507 NE 54th St $969,000 4/2 2,190 14
*4117 NE 41st St $1,250,000 4/1.75 2,590 6
*4005 50th Ave NE $2,350,000 4/3.25 3,450 1

    * listed and under contract in February

PENDING INSPECTION IN  FEBRUARY

Address List Price Beds/

Baths

Sq.Ft. CDOM
*3620 42nd Ave NE $2,095,000 5/3.25 4,140 2

 

SOLD IN FEBRUARY

Address List Price Sold Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
5033 44th Ave NE $659,950 $659,950 7 2/1.75 1,098 $601.05 2/27
Averages   $659,950 7   $601.05

 

Median Sales Price = $601.05

CDOM = Cumulative Days on Market

 

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January 2020 https://www.kimodales.com/2021/04/20/january-2020 https://www.kimodales.com/2021/04/20/january-2020#respond Tue, 20 Apr 2021 22:54:33 +0000 https://www.kimodales.com/?p=28177 JANUARY  REAL ESTATE BLOG January in Laurelhurst resulted in two events; an abundance of rain,  and a scarcity of new listings. Only 3 homes were listed in the neighborhood in the first month of 2020. This low inventory phenomena is occurring throughout the greater Seattle area with listings down 30% from January of 2019. For […]

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JANUARY  REAL ESTATE BLOG

January in Laurelhurst resulted in two events; an abundance of rain,  and a scarcity of new listings. Only 3 homes were listed in the neighborhood in the first month of 2020. This low inventory phenomena is occurring throughout the greater Seattle area with listings down 30% from January of 2019. For sellers this is an optimal time to list their homes as there is a surplus of buyers vs lack of inventory. In lower price points, not typically seen in Laurelhurst multiple offers are becoming the new norm with anywhere from 5-30 offers on a property.

Only one property, a new construction townhome, received an offer in January with 4 successful closings averaging 48 days on the market. The takeaway for January is, if you are thinking of listing your home in 2020, now is the time.

Kim Dales

ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft CDOM Price

p/sq.ft

5005 44th Ave NE $639,950 2/1.75 2020 1,135 17 $563.83
4312 35th Ave NE $1,999,900 5/5.5 2016 4,800 20 $416.65
4558 51st Ave NE $2,295,000 6/3.25 1969 3,990 92 $575.19
4528 W Laurel Dr NE $2,925,000 5/3.25 1931 3,610 17 $810.25
5020 NE 45th St $3,995,000 5/5.5 1969 6,430 276 $621.31
4911 NE Laurelcrest Lane $12,950,000 6/6.5 2008 9,590 171 $1,350.36

 

PENDING IN JANUARY

Address List Price Beds/

Baths

Sq.Ft. CDOM
5011 44th Ave NE #B $729,950 2/1.75 1,300 49

 

SOLD IN JANUARY

Address List Price Sold Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
5011 44th Ave NE #A $999,950 $984,950 41 4/2.5 2,252 $437.37 1/21
4014 45th Ave NE $1,550,000 $1,368,000 87 4/2.75 2,950 $463.73 1/6
4811 NE 41St $1,949,000 $1,625,000 62 4/3 3,600 $451.39 1/15
4560 52nd Ave NE $2,795,000 $2,795,000 2 5/3.25 3,936 $710.11 1/27
Averages   $1,693,238 48   $515.65

 

Median Sales Price = $1,496,500

CDOM = Cumulative Days on Market

 

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December 2019 https://www.kimodales.com/2021/04/20/december-2019 https://www.kimodales.com/2021/04/20/december-2019#respond Tue, 20 Apr 2021 22:53:04 +0000 https://www.kimodales.com/?p=28173 DECEMBER  2019 REAL ESTATE AND END OF YEAR RECAP Happy New Year everyone!  We had a busy 2019 in Laurelhurst with 71 sales, 9 of which were non Beach Club. In comparison, there were 62 homes sales in 2018 with 12 non Beach Club. The median home sale in 2018 was $1,595,000 The median home […]

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DECEMBER  2019 REAL ESTATE AND END OF YEAR RECAP

Happy New Year everyone! 

We had a busy 2019 in Laurelhurst with 71 sales, 9 of which were non Beach Club. In comparison, there were 62 homes sales in 2018 with 12 non Beach Club.

The median home sale in 2018 was $1,595,000

The median home sale in 2019 was $1,500,500

December of 2019 saw a decrease in median sales price over December 2018 to $1,284,500 with a bump in Average days on market to 87. This increase was largely due to one property that was on the market for 238 days.

What does this mean for 2020. Windermere’s Chief Economist has this to say about his predictions for 2020 Matthew Gardner’s 2020 Forecast

May you all have a happy, healthy new year.

Kim

 ACTIVE LISTINGS 

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

5011 44th Ave NE, #B $729,950 2/1.75 2019 1,300 $561.50
4558 51st Ave NE $2,295,000 6/3.25 1969 3,990 $575.19
5020 NE 45th St $3,995,000 5/5.5 1969 6,430 $621.31
4911 NE Laurelcrest Ln $13,750,000 7/6.5 2008 9,590 $1,433.79

 

PENDING IN DECEMBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
5011 44th Ave NE, #A $999,950 4/2.5 2,252 41
4811 NE 41st St $1,795,000 4/3 3,600 62
4560 52nd Ave NE $2,795,000 5/3.25 3,936 2

 

SOLD IN DECEMBER

 

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
3503 NE 44th St $829,950 $805,000 27 2/1 1,030 $781.55 12/2
3822 42nd Ave NE $1,249,000 $1,260,000 3 3/1.75 2,081 $605.48 12/13
4314 NE 41st St $1,325,000 $1,309,000 78 5/2.25 2,890 $452.94 12/12
4804 NE 40th St $2,990,000 $2,610,000 238 5/4 4,700 $555.32 12/31
Averages $1,496,000 87 $598.82

 

Median Sales Price = $1,284,500

 

* Median Sales Price December 2018 = $1,816,000

 

CDOM = Cumulative Days on Market

 

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November 2019 https://www.kimodales.com/2021/04/20/november-2019 https://www.kimodales.com/2021/04/20/november-2019#respond Tue, 20 Apr 2021 22:51:05 +0000 https://www.kimodales.com/?p=28169 NOVEMBER  REAL ESTATE BLOG   I hope you all had a wonderful Thanksgiving and are ramping up for the home stretch with lots of time spent with family and friends! This fall has been very interesting in the real estate world. When comparing this November to last our median sales price has gone down $325,000 […]

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NOVEMBER  REAL ESTATE BLOG

 

I hope you all had a wonderful Thanksgiving and are ramping up for the home stretch with lots of time spent with family and friends! This fall has been very interesting in the real estate world. When comparing this November to last our median sales price has gone down $325,000 in Laurelhurst, and our cumulative days on market has doubled from 42 in November of 2018 to 86 this year. Our market has definitely shifted from a sellers market to more of a balanced market with buyers not feeling the urgency to buy as they have in the past. Interest rates are remaining remarkably low which is encouraging for both buyers and sellers.

 

Another positive development is that the 2020 maximum conforming loan limit will be raised to $510,400 from the current level of $484,350. This increase marks the 4th straight year the FHFA has increased the conforming loan limits after not increasing them for an entire decade (2006-2016)!

 

I look forward to sharing my end of the year read estate overview of our neighborhood with 2020 housing predictions.  Until then, Happy Holidays.

 

Kim

 

 ACTIVE LISTINGS 

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4274 NE 50th St $749,000 4/2.5 2019 2,045 $439.61
5011 44th Ave NE, A $999,950 4/2.5 2019 2,252 $444.03
3822 42nd Ave NE $1,249,000 3/1.75 1926 2,081 $600.19
4811 NE 41st St $1,835,000 4/3 1961 3,600 $509.72
4558 51st Ave NE $2,350,000 6/3.25 1969 3,990 $588.97
4804 NE 40th St $2,695,950 5/4 2019 4,700 $573.61
5020 NE 45th St $3,995,000 5/5.5 1969 6,430 $621.31
4911 NE Laurelcrest Ln $13,750,000 7/6.5 2008 9,590 $1,433.79

 

PENDING IN NOVEMBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
4314 NE 41st St $1,325,000 5/2.25 2,890 78
4014 45th Ave NE $1,399,000 4/2.75 2,950 87

 

PENDING INSPECTION IN NOVEMBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
5011 44th Ave NE, B $729,950 2/1.75 1,300 28

 

SOLD IN NOVEMBER

 

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
5122 47th Ave NE $998,000 $998,000 28 3/1.75 1,620 $616.05 11/19
5016 Nicklas Place NE $1,250,000 $1,125,000 35 4/2.25 3,590 $313.37 11/19
3800 44th Ave NE $1,875,000 $1,720,000 106 4/3.25 3,880 $443.30 11/7
4542 52nd Ave NE $2,095,000 $1,950,000 43 4/3.25 3,013 $647.20 11/21
4503 48th Ave NE $2,040,000 $1,975,000 140 5/3.5 4,133 $477.86 11/27
3011 E Laurelhurst Dr NE $2,636,250 $2,400,000 164 4/3.5 5,380 $446.10 11/8
Averages $1,694,667 86 $490.65

 

Median Sales Price = $1,835,000

 

* Median Sales Price November 2018 = $2,160,000

 

CDOM = Cumulative Days on Market

 

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October 2019 https://www.kimodales.com/2021/04/20/october-2019 https://www.kimodales.com/2021/04/20/october-2019#respond Tue, 20 Apr 2021 22:48:49 +0000 https://www.kimodales.com/?p=28165 OCTOBER  REAL ESTATE BLOG What a wonderful fall we have had in Seattle. I had the opportunity to be in North Carolina the last week of October and their fall did not compare!   Real Estate wise although the market in general is remaining strong our median sales price $1,712,500 this October has decreased from […]

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OCTOBER  REAL ESTATE BLOG

What a wonderful fall we have had in Seattle. I had the opportunity to be in North Carolina the last week of October and their fall did not compare!

 

Real Estate wise although the market in general is remaining strong our median sales price $1,712,500 this October has decreased from October 2018’s Median sales price of $2,250,000. Also, days on market has greatly increased from 5 Cumulative Days on Market for home sales in October 2018 to 75 CDOM this October. I feel that the market has slowed but sellers feel their homes value is higher than our current market can bare. This results in price reductions and ultimately lower closing prices and more days on the market.

 

As we approach winter and a slowing of newly listed homes things to think about to make your home market ready include, cleaning gutters, touch of paint, pruning trees away from your home, and a big ticket item if you have the financial ability and the space is adding a master bedroom to your home if you don’t have one.

 

Have a Happy Thanksgiving!

 

Kim

 ACTIVE LISTINGS 

 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4274 NE 50th St $899,000 4/2.5 2019 2,045 $439.61
5069 Harold Pl NE $1,350,000 3/2.25 1946 2,550 $529.41
4314 NE 41st St $1,395,000 5/2.25 1930 2,890 $482.70
4014 45th Ave NE $1,399,000 4/2.75 1940 2,950 $474.24
4811 NE 41St St $1,949,000 4/3 1961 3,600 $541.39
4312 36th Ave NE $1,999,900 5/5.5 2016 4,800 $416.65
5146 48th Ave NE $2,200,000 5/5 2018 4,040 $544.55
4804 NE 40th St $2,695,950 5/4 2019 4,700 $573.61
5020 NE 45th St $3,995,000 5/5.5 1969 6,430 $621.31
4208 55th Ave NE $4,398,000 4/2.5 1957 3,230 $1,361.61
4911 NE Laurelcrest Ln $13,750,000 7/6.5 2008 9,590 $1,433.79

 

PENDING IN OCTOBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
3503 NE 44th St $829,950 2/1 1,030 27
5016 Nicklas Pl NE $1,250,000 4/2.25 3,590 35
4503 48th Ave NE $1,995,000 5/3.5 4,133 140
3011 E Laurelhurst Dr NE $2,635,000 4/3.5 5,380 164

 

PENDING INSPECTION IN OCTOBER

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
*5122 47th Ave NE $998,000 3/1.75 1,620 28
4542 52nd Ave NE $2,025,000 4/3.25 3,013 43

*under contract in October

 

SOLD IN OCTOBER

 

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
3603 NE 43rd St $725,000 $800,000 0 4/2.75 2,200 $363.64 10/15
4317 50th Ave NE $1,299,000 $1,294,500 3 4/2 1939 $465.65 10/25
4335 NW 44th St $1,390,000 $1,375,000 8 4/3.25 1930 $514.98 10/16
3854 42nd Ave NE $1,550,000 $1,550,000 6 5/2.75 1926 $481.37 10/22
4515 51st Ave NE $1,875,000 $1,875,000 145 4/2.25 1940 $446.43 10/25
3828 49th Ave NE $2,350,000 $2,150,000 156 5/4 1928 $536.16 10/7
3151 W Laurelhurst Dr NE $3,250,000 $2,900,000 274 4/3 1940 $938.51 10/23
3120 E Laurelhurst Dr NE $6,995,000 $6,850,000 7 5/4.5 1956 $1,155.14 10/18
Averages $2,349,313 75 $612.73

 

Median Sales Price = $1,712,500

 

* Median Sales Price September 2018 = $1,463,500

 

CDOM = Cumulative Days on Market

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September 2019 https://www.kimodales.com/2019/12/17/september-2019 https://www.kimodales.com/2019/12/17/september-2019#respond Tue, 17 Dec 2019 19:52:48 +0000 https://www.kimodales.com/?p=311 SEPTEMBER  REAL ESTATE BLOG Happy fall everyone!  The weather definitely changed in September with cooler evenings and shorter days. This change in climate did not seem to have much effect on our market with 18 active listings compared to only 7 in September of 2018. The most noticeable difference in our market is days on […]

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SEPTEMBER  REAL ESTATE BLOG

Happy fall everyone!  The weather definitely changed in September with cooler evenings and shorter days. This change in climate did not seem to have much effect on our market with 18 active listings compared to only 7 in September of 2018. The most noticeable difference in our market is days on market.

September 2019 CDOM= 52

September 2018 CDOM= 88

September 2017 CDOM= 17

It seems that the urgency that we were experiencing in the past few years has been replaced by a more cautious approach by buyers. In the market we are hearing a lot of “let’s wait and see”.

This September we had a large waterfront property sell but even with that our medium sales price was $1,540,000 vs $1,463,000 in September of 2018.

I believe the take away from this data is that the market is slowing down, at least right now so seller expectations should be redefined. It may take more than 30 days for your home to sell, so be prepared so that you won’t be discouraged.

 ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

3503 NE 44th St $829,950 2/1 1951 1,030 $805.78
4274 NE 50th St $899,000 4/2.5 2019 2,045 $439.61
5016 Nicklas Pl NE $1,250,000 4/2.25 1953 3,590 $348.19
5069 Harold Pl NE $1,400,000 3/2.25 1946 2,550 $549.02
4314 NE 41st St $1,440,,000 5/2.25 1930 2,890 $498.27
4014 45th Ave NE $1,490,000 4/2.75 1940 2,950 $505.08
3854 42nd Ave NE $1,550,000 5/2.75 1926 3,220 $481.37
4559 NE 41st St $1,650,,000 4/3.75 1988 3,160 $522.15
4312 36th Ave NE $1,999,900 5/5.5 2016 4,800 $416.65
4503 48th Ave NE $2,040,000 5/3.5 2015 4,133 $493.59
4542 52nd Ave NE $2,095,000 4/3.25 1938 3,013 $695.32
5146 48th Ave NE $2,200,000 5/5 2018 4,040 $544.55
4804 NE 40th St $2,895,000 5/4 2019 4,700 $615.96
5020 NE 45th St $3,995,000 5/5.5 1969 6,430 $621.31
4208 55th Ave NE $4,398,000 4/2.5 1957 3,230 $1,361.61
5020 NE 45th St $4,450,000 5/5.5 1969 6,430 $692.07
3120 E Laurelhurst Dr NE $6,995,000 5/4.5 1956 5,930 $1,179,60
4911 NE Laurelcrest Ln $13,750,000 7/6.5 2008 9,590 $1,433.79

 

CONTINGENT IN SEPTEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
3151 W Laurelhurst Dr NE $3,250,000 4/3 3,090 259

 

PENDING INSPECTION IN SEPTEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
4515 51st Ave NE $1,875,000 4/2.25 4,200 145
3800 44th Ave NE $1,875,000 4/3.25 3,880 106

 

PENDING IN SEPTEMBER

Address List Price Beds/

Baths

Sq.Ft. CDOM
*3603 NE 43rd St $725,000 4/2.75 2,200 0
*4317 50th Ave NE $1,299,000 4/2 2,780 3
*4335 NE 44th St $1,390,000 4/3.25 2,670 8

*Under contract in September

 

SOLD IN SEPTEMBER

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
4606 NE 47th St $1,100,000 $742,000 117 3/1.75 1942 $494.67 9/3
4838 NE 41st St $1,195,000 $1,050,000 38 4/2.75 1942 $448.72 9/10
4310 43rd Ave NE $1,175,000 $1,160,000 35 4/2.75 1926 $389.13 9/30
5010 50th Ave NE, #10 $1,450,000 $1,315,000 38 3/2.5 1986 $485.96 9/19
4545 49th Ave NE $1,365,000 $1,320,000 50 4/3.5 1950 $523.81 9/4
3732 47th Pl NE $1,670,000 $1,540,000 122 4/3 1930 $389.87 9/27
3920 NE 38th St $1,692,000 $1,600,000 57 4/3.25 1940 $463.77 9/20
4541 46th Ave NE $2,265,000 $2,175,000 49 5/3.5 2017 $534.40 9/10
4114 42nd Ave NE $2,465,000 $2,300,000 31 5/4 2019 $599.27 9/30
3613 NE 42nd St $2,349,950 $2,315,000 15 5/4.5 2019 $525.90 9/30
3054 E Laurelhurst Dr NE $11,650,000 $10,580,000 16 5/5 1928 $1,377.07 9/26
Averages $2,372,455 52 $566.60

Median Sales Price = $1,540,000

* Median Sales Price September 2018 = $1,463,500

CDOM = Cumulative Days on Market

 

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August 2019 https://www.kimodales.com/2019/12/17/august-2019 https://www.kimodales.com/2019/12/17/august-2019#respond Tue, 17 Dec 2019 19:49:08 +0000 https://www.kimodales.com/?p=303 ACTIVE LISTINGS  Address List Price Beds/ Baths Year Built Sq.Ft Price p/sq.ft 4755 Sand Point Way NE $869,950 4/3.5 1970 2,060 $422.31 5107 48th Ave NE $999,950 4/1 1943 2,110 $473.91 4278 NE 50th St $999,950 4/2.5 2019 2,045 $488.97 4314 NE 41st St $1,495,000 5/2.25 1930 2,890 $517.30 4014 45th Ave NE $1,550,000 4/2.75 […]

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ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4755 Sand Point Way NE $869,950 4/3.5 1970 2,060 $422.31
5107 48th Ave NE $999,950 4/1 1943 2,110 $473.91
4278 NE 50th St $999,950 4/2.5 2019 2,045 $488.97
4314 NE 41st St $1,495,000 5/2.25 1930 2,890 $517.30
4014 45th Ave NE $1,550,000 4/2.75 1940 2,950 $525.42
3732 47th Pl NE $1,670,000 4/3 1930 3,950 $422.78
4559 NE 41st St $1,695,000 4/3.75 1988 3,160 $536.39
3800 44th Ave NE $1,875,000 4/3.25 1941 3,880 $483.25
4312 36th Ave NE $1,999,900 5/5.5 2016 4,800 $416.65
4503 48th Ave NE $2,040,000 5/3.5 2015 4,133 $493.59
3613 NE 42nd St $2,349,950 5/4.5 2019 4,402 $533.84
3011 E Laurelhurst Dr NE $2,636.250 4/3.5 1908 5,380 $490.01
4804 NE 40th St $2,895,000 5/4 2019 4,700 $615.96
4114 42nd Ave NE $2,465,000 5/4 2019 3,838 $642.26
3151 W Laurelhurst Dr NE $3,250,000 4/3 1940 3,090 $1,051.78
4208 55th Ave NE $4,398,000 4/2.5 1957 3,230 $1,361.61
5020 NE 45th St $4,450,000 5/5.5 1969 6,430 $692.07
4911 NE Laurelcrest Ln $14.250,000 7/6.5 2008 9,590 $1,485.92

 

PENDING INSPECTION IN AUGUST

Address List Price Beds/

Baths

Sq.Ft. CDOM
4606 NE 47th St $799,950 3/1.75 1,500 117
3920 NE 38th St $1,692,000 4/3.25 3,450 57
*3054 E Laurelhurst Dr NE $11,650,000 5/5 7,683 16

*Under contract in August

PENDING IN AUGUST

Address List Price Beds/

Baths

Sq.Ft. CDOM
4838 NE 41st St $1,050,000 4/2.75 2,340 38
4310 43rd Ave NE $1,175,000 4/2.75 2,981 35
4545 49th Ave NE $1,365,000 4/3.5 2,520 50
5051 50th Ave NE, #10 $1,395,000 3/2.5 2,706 38
3828 49th Ave NE $2,350,000 5/4 4,010 156
4114 42nd Ave NE $2,465,000 5/4 3,838 31

SOLD IN AUGUST

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
5029 46th Ave NE $1,025,000 $965,000 26 3/1.75 1,670 $577.84 8/15
3826 46th Ave NE $1,225,000 $1,225,000 81 4/2 3,400 $360.29 8/30
4840 NE 40th St $1,360,000 $1,335,000 49 5/2 3,600 $370.83 8/23
5058 Nicklas Pl NE $1,395,000 $1,365,000 49 4/2 3,480 $392.24 8/9
4117 37th Ave NE $2,495,950 $2,399.950 74 5/3.5 4,385 $547.31 8/2
Averages $1,457,999 56 $449.70

 

Median Sales Price = $1,335,000

* Median Sales Price August 2018 = $1,160,000

CDOM = Cumulative Days on Market

 

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July 2019 https://www.kimodales.com/2019/12/17/july-2019 https://www.kimodales.com/2019/12/17/july-2019#respond Tue, 17 Dec 2019 19:40:21 +0000 https://www.kimodales.com/?p=299 JULY REAL ESTATE BLOG July has been an interesting month in Laurelhurst. I was just comparing my notes and statistics from July 2018 when I commented on the fact that there were more active listings in July of 2018 since 2015. Well, this July has proven to have even more active listings with a total […]

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JULY REAL ESTATE BLOG

July has been an interesting month in Laurelhurst. I was just comparing my notes and statistics from July 2018 when I commented on the fact that there were more active listings in July of 2018 since 2015. Well, this July has proven to have even more active listings with a total of 19!  Last year we had 15 active listings. 

I think perhaps the most interesting fact is that our days on market year to year have almost doubled: 16 CDOM, cumulative days on the market last July, compared to 30 CDOM in 2019. Also, and slightly more concerning is that the median sales price has gone down $206,261.00. The median closing price in July 2018 was $1,726,261 vs $1,520,000 this July. It is hard to know what is driving this 12% decrease. Of the 11 homes sold in July only 3 exceeded their listing prices. It feels like buyers are being more selective and taking their time. We are also seeing offers below listing prices more frequently as buyers have more choices. With that said if you are thinking about selling your home have a professional Realtor come in and prepare a market analysis with a list of items that will help you prepare your home for the market.

 ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4606 NE 47th St $799,950 3/1.75 1942 1,500 $533.30
4278 NE 50th St $999,950 4/2.5 2019 2,045 $488.97
4838 NE 41st St $1,050,000 4/2.75 1942 2,340 $448.72
4310 43rd Ave NE $1,275,000 4/2.75 1926 2,981 $427.71
4545 49th Ave NE $1,365,000 4/3.5 1950 2,520 $541.67
5051 50th Ave NE, #10 $1,450,000 3/2.5 1986 2,706 $535.85
4559 NE 41st St $1,750,000 4/3.75 1988 3,160 $553.80
3920 NE 38th St $1,795,000 4/3.25 1940 3,450 $520.29
3800 44th Ave NE $1,875,000 4/3.25 1941 3,880 $483.25
3732 47th Pl NE $1,895,000 4/3 1930 3,950 $479.75
4503 48th Ave NE $2,150,000 5/3.5 2015 4,133 $520.20
3613 NE 42nd St $2,349,950 5/4.5 2019 4,402 $533.84
3828 49th Ave NE $2,350,000 5/4 1928 4,010 $586.03
4114 42nd Ave NE $2,465,000 5/4 2019 3,838 $642.26
3011 E Laurelhurst Dr NE $2,636.250 4/3.5 1908 5,380 $490.01
4804 NE 40th St $2,990,000 5/4 2019 4,700 $636.17
3151 W Laurelhurst Dr NE $3,250,000 4/3 1940 3,090 $1,051.78
5020 NE 45th St $4,450,000 5/5.5 1969 6,430 $692.07
4208 55th Ave NE $4,650,000 4/2.5 1957 3,230

 

PENDING INSPECTION IN JULY

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
5029 46th Ave NE $1,025,000 3/1.75 1,670 26
4840 NE 40th St $1,360,000 5/2 3,600 49

 

PENDING IN JULY

 

Address List Price Beds/

Baths

Sq.Ft. CDOM
3826 46th Ave NE $1,225,000 4/2 3,400 81
5058 Nicklas Pl NE $1,395,000 4/2 3,480 49
4541 46th Ave NE $2,215,000 5/3.5 4,070 49

 

SOLD IN JULY

 

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
4319 NE 45th St $1,095,000 $1,125,000 6 4/2 2,200 $511.36 7/8
5036 47th Ave NE $1,200,000 $1,200,000 8 4/1.75 2,840 $422.54 7/3
3409 W Laurelhurst Dr NE $1,350,000 $1,350,000 58 3/2.25 3,000 $450.00 7/23
4553 NE 41st St $1,475,000 $1,470,000 3 3/3.25 2,760 $532.61 7/12
4316 NE 44th St $1,495,000 $1,500,000 4 5/2.5 3,060 $490.20 6/12
3855 44th Ave NE $1,525,000 $1,520,000 52 3/3 2,550 $596.08 7/19
3536 45th Ave NE $1,585,000 $1,600,000 0 5/2.5 2,570 $622.57 7/15
4810 NE 40th St $1,989,000 $1,875,000 57 4/3.25 2,930 $639.93 7/9
4707 49th Ave NE $2,198,000 $2,172,500 100 5/4 3,382 $642.37 7/2
4518 52nd Ave NE $2,425,000 $2,350,000 29 4/2.75 3,380 $695.27 7/15
4727 NE 36th St $3,100,000 $3,070,000 8 5/3.5 4,130 $743.34 7/9
Averages $1,748,409 30 $576.93

 

Median Sales Price = $1,520,000

CDOM = Cumulative Days on Market

 

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June 2019 https://www.kimodales.com/2019/07/31/june-2019 https://www.kimodales.com/2019/07/31/june-2019#respond Wed, 31 Jul 2019 19:30:27 +0000 https://www.kimodales.com/?p=293 JUNE REAL ESTATE BLOG Happy end of June everyone! Interestingly enough June of 2019 and 2018 were quite similar.  The number of sold homes in 2018 was 7 and 6 in 2019. Also the median sale price was slightly less in 2018, $1,500,000 compared to this Junes median sales price of $1,524,000.  By far the […]

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JUNE REAL ESTATE BLOG

Happy end of June everyone! Interestingly enough June of 2019 and 2018 were quite similar.  The number of sold homes in 2018 was 7 and 6 in 2019. Also the median sale price was slightly less in 2018, $1,500,000 compared to this Junes median sales price of $1,524,000.  By far the biggest difference was cumulative days on market. Last June the average days on market was 37, this year it was only 15 which is excellent news.

In April I mentioned a change in the excise tax calculations effective in June of 2020. I have included a link to a more comprehensive breakdown of what this will mean to you if you are planning to sell in 2020 based on your sales price range. Washington State Excise Tax Cheat Sheet

 ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4606 NE 47th St $939,000 3/1.75 1942 1,500 $626.00
5029 46th Ave NE $1,025,000 3/1.75 1963 1,670 $613.77
4276 NE 50th St $1,098,000 4/2.5 2019 2,045 $536.92
3826 46th Ave NE $1,282,000 4/2 1927 2,520 $377.06
4840 NE 40th St $1,360,000 5/2 1927 3,600 $377.78
4545 49th Ave NE $1,365,000 4/3.5 1950 2,520 $541.67
4559 NE 41st St $1,770,000 4/3.75 1988 3,160 $560.13
3800 44th Ave NE $1,875,000 4/3.25 1941 3,880 $483.25
3732 47th Pl NE $1,970,000 4/3 1930 3,950 $498.73
3920 NE 38th St $1,795,000 4/3.25 1940 3,450 $520.29
4503 48th Ave NE $2,150,000 5/3.5 2015 4,133 $520.20
4541 46th Ave NE $2,265,000 5/3.5 2017 4,070 $556.51
4515 51st Ave NE $2,265,000 4/2.25 1940 4,200 $539.29
3613 NE 42nd St $2,349,950 5/4.5 2019 4,402 $533.84
3011 E Laurelhurst Dr NE $2,775,000 4/3.5 1908 5,380 $515.80
4804 NE 40th St $2,990,000 5/4 2019 4,700 $636.17
3151 W Laurelhurst Dr NE $3,250,000 4/3 1940 3,090 $1,051.78
5020 NE 45th St $4,450,000 5/5.5 1969 6,430 $692.07
4208 55th Ave NE $4,650,000 4/2.5 1957 3,230 $1,439.63

 

CONTINGENT IN JUNE

Address List Price Beds/

Baths

Sq.Ft. CDOM
5058 Nicklas Pl NE  $1,395,000 4/2 3,480 31

 

PENDING INSPECTION IN JUNE

Address List Price Beds/

Baths

Sq.Ft. CDOM
*3409 W Laurelhurst Dr NE $1,350,000 3/2.25 3,000 6

* listed and under contract in June

PENDING IN JUNE

Address List Price Beds/

Baths

Sq.Ft. CDOM
4319 NE 45th St $1,095,000 4/2 2,200 6
*4553 NE 41st St $1,475,000 3/3.25 2,760 3
*4316 NE 44th St $1,495,000 5/2.5 3,060 4
3855 44th Ave NE $1,550,000 3/3 2,550 52
*3536 45th Ave NE $1,585,000 5/2.5 2,570 0
*3920 NE 38th St $1,795,000 4/3.25 3,450 16
4117 50th Ave NE $1,799,000 5/3.25 2,860 48
4810 NE 40th St $1,898,000 4/3.25 2,930 57
4707 49th Ave NE $2,198,000 5/4 3,382 100
4518 52nd Ave NE $2,350,000 4/2.75 3,380 29
*4727 NE 36th St $3,100,000 5/3.5 4,130 8

*listed and under contract in June

SOLD IN JUNE

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
4737 49th Ave NE $995,000 $1,010,000 6 3/2 2,000 $505.00 6/17
3818 46th Ave NE $1,475,000 $1,450,000 11 4/2.5 2,490 $582.33 6/25
4202 51st Ave NE $1,575,000 $1,498,000 24 3/3.25 3,450 $434.20 6/6
3511 NE 43rd St $1,395,000 $1,550,000 4 4/2.5 2,830 $547.70 6/27
4511 55th Ave NE $1,825,000 $1,750,000 16 3/3 2,570 $680.93 6/12
3322 43rd Ave NE $2,300,000 $2,225,000 29 4/3.25 3,570 $623.25 6/12
Averages $1,580,500 15 $562.24

 

Median Sales Price = $1,524,000

CDOM = Cumulative Days on Market

 

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May 2019 https://www.kimodales.com/2019/07/31/may-2019 https://www.kimodales.com/2019/07/31/may-2019#respond Wed, 31 Jul 2019 19:27:50 +0000 https://www.kimodales.com/?p=289 MAY REAL ESTATE BLOG Happy June everyone!  Well as you can see the market in Laurelhurst is very very active!  I honestly can’t remember the last time we had so many active listings. As you will note we also saw a decrease in the median sales price from last year, and have quite a few […]

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MAY REAL ESTATE BLOG

Happy June everyone!  Well as you can see the market in Laurelhurst is very very active!  I honestly can’t remember the last time we had so many active listings. As you will note we also saw a decrease in the median sales price from last year, and have quite a few homes that are staying on the market longer than in the past few years. Seller’s beware, you can either sell or sit… Remember in the end the buyer sets the final price. If you list too high typically a savvy buyer will wait for a price reduction. If you price aggressively you might end up with multiple offers, pushing up the purchase price, and at the same time if buyer’s are competing they will waive more contingencies to make their offer appealing. This strategy is great for the seller because there isn’t any back and forth on inspections, title or other contingencies.

Enjoy the sunshine everyone!

Kim

 ACTIVE LISTINGS 

Address List Price Beds/

Baths

Year

Built

Sq.Ft Price

p/sq.ft

4606 NE 47th St $939,000 3/1.75 1942 1,500 $626.00
4319 NE 45th St $1,095,000 4/2 1964 2,200 $497.73
4276 NE 50th St $1,098,000 4/2.5 2019 2,045 $536.92
3826 46th Ave NE $1,350,000 4/2 1927 2,520 $733.33
5058 Nicklas Pl NE $1,425,000 4/2 1950 3,480 $409.48
3409 W Laurelhurst Dr NE $1,425,000 3/2.75 1926 2,520 $565.48
4011 50th Ave NE $1,495,000 4/2.25 1929 2,610 $572.80
3855 44th Ave NE $1,550,000 3/3 1927 2,550 $607.84
3920 NE 38th St $1,795,000 4/3.25 1940 3,450 $520.29
4559 NE 41st St $1,795,000 4/3.75 1988 3,160 $568.04
4117 50th Ave NE $1,895,000 5/3.25 1930 2,860 $662.59
4810 NE 40th St $1,989,000 4/3.25 2013 2,930 $678.84
3732 47th Pl NE $2,075,000 4/3 1930 3,950 $525.32
4503 48th Ave NE $2,150,000 5/3.5 2015 4,133 $520.20
4707 49th Ave NE $2,198,000 5/4 2019 3,382 $649.91
4518 52nd Ave NE $2,425,000 4/2.75 1939 3,380 $717.46
3828 49th Ave NE $2,488,000 5/4 1928 4,200 $592.38
4515 51st Ave NE $2,490,000 4/2.25 1940 4,200 $592.86
3011 E Laurelhurst Dr NE $2,775,000 4/3.5 1908 5,380 $515.80
4727 NE 36th St $3,100,000 5/3.5 1921 4,130 $750.61
4804 NE 40th St $3,150,000 5/4 2019 4,700 $691.49
3151 W Laurelhurst Dr NE $3,500,000 4/3 1940 3,090 $1,132.69
5020 NE 45th St $4,450,000 5/5.5 1969 6,430 $692.07
4208 55th Ave NE $4,750,000 4/2.5 1957 3,230 $1,469,59

 

PENDING IN MAY

Address List Price Beds/

Baths

Sq.Ft. CDOM
*4737 49th Ave NE $995,000 3/2 2,999 6
*5036 47th Ave NE $1,200,000 4/1.75 2,840 8
*3511 NE 43rd St $1,395,000 4/2.5 2,830 4
*3818 46th Ave NE $1,475,000 4/2 2,490 11
4202 51st Ave NE $1,498,000 3/3.25 3,450 24
*4511 55th Ave NE $1,825,000 3/3 2,570 16
3322 43rd Ave NE $2,300,000 4/3.25 3,570 29
4117 37th Ave NE $2,495,950 5/3.5 4,385 74

* listed and under contract in May

SOLD IN MAY

Address List Price Sale Price CDOM Beds/

Baths

Sq.Ft Price

 p/sq.ft

Date Sold
5100 NE 55th St $1,100,000 $1,060,000 7 5/3.5 3,210 $330.22 5/3
4420 50th Ave NE $1,250,000 $1,370,000 7 4/1.75 2,600 $526.92 5/13
5015 Nicklas Pl NE $1,425,000 $1,370,000 13 3/2.75 2,710 $505.54 5/14
4309 52nd Ave NE $1,498,000 $1,655,000 6 4/2.25 3,260 $507.67 5/31
4525 49th Ave NE $2,275,000 $2,220,000 116 5/5.25 4,258 $533.91 5/8
Averages   $1,535,000 30   $480.85

Median Sales Price = $1,370,000

CDOM = Cumulative Days on Market

 

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