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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
