January 2020

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

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