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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
