September 2019

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It seems that the urgency that we were experiencing in the past few years has been replaced by a more cautious approach by buyers.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