Uncategorized • July 31, 2019

April 2019

by Kim O. Dales

APRIL REAL ESTATE BLOG

As you can see from the April data spring has arrived and we have more inventory on the market than we have had thus far this year! On the one hand this is a good thing on the other hand it has increased the days on market and homes are not selling as fast.

One item looming out there for sellers to be aware of is that the Washington State legislature just passed a bill that will result in an increase in the current excise tax, which is the tax all sellers must pay when selling their homes. See this flyer for more information.

Have a wonderful spring.

Kim Dales

APRIL ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4737 49th Ave NE	$995,000	3/2	1947	2,000	6	$497.50
4606 NE 47th St	$1,100,000	3/1.75	1942	1,500	21	$733.33
4011 50th Ave NE	$1,540,,000	4/2.25	1929	2,610	52	$590.04
4202 51st Ave NE	$1,575,000	3/3.25	1928	3,450	21	$456.52
4117 50th Ave NE	$1,895,000	5/3.25	1930	2,860	13	$662.59
4810 NE 40th St	$1,989,000	4/3.25	2013	2,930	10	$678.84
4707 49th Ave NE	$2,298,000	5/4	2019	3,382	71	$679.48
3322 43rd Ave NE	$2,300,000	4/3.25	1931	3,570	26	$644.26
4515 51st Ave NE	$2,490,000	4/2.25	1940	4,200	52	$592.86
4117 37th Ave NE	$2,495,000	5/3.5	2019	4,385	60	$569.20
3828 49th Ave NE	$2,688,000	5/4	1928	4,200	75	$640.00
3011 E Laurelhurst Dr NE	$2,775,000	4/3.5	1908	5,380	27	$515.80
4804 NE 40th St	$3,250,000		2019	4,700	23	$691.49
3151 W Laurelhurst Dr NE	$3,500,000	4/3	1940	3,090	111	$1,132.69
4208 55th Ave NE	$4,750,000	4/2.5	1957	3,230	6	$1,470.59

PENDING IN APRIL

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*4420 50th Ave NE	$1,250,000	4/1.75	2,600	7
5015 Nicklas Pl NE	$1,425,000	3/2.75	2,710	13
4525 49th Ave NE	$2,275,000	5/5.25	4,158	116

* listed and under contract in April

SOLD IN APRIL

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
4332 NE 43rd St	$1,185,000	$1,140,000	12	4/1.5	1929	$481.01	4/30
4325 NE 43rd St	$1,300,000	$1,300,000	34	3/2.25	2,368	$548.99	4/11
4717 NE 50th St	$1,775,000	$1,750,000	19	4/2.5	2,800	$625.00	4/24
3408 E Laurelhurst Dr NE	$3,200,000	$3,000,000	3	4/3.25	4,560	$657.89	4/26
Averages		$1,887,250	17			$578.22

Median Sales Price = $1,525,000

CDOM = Cumulative Days on Market

Uncategorized • July 31, 2019

March 2019

by Kim O. Dales

MARCH REAL ESTATE BLOG

March was an encouraging month for buyers as we had 11 active listings. In comparing March of 2019 to March of 2018 the largest contrast are days on market. This March the days on market was longer resulting in fewer sold properties 2 vs. 5 in March of 2018.

This March only 2 homes sold with a median closing price of $2,257,500 vs. $1,420,000 in March of 2018. This statistic is a bit skewed as one of the two properties sold for $3,315,000 pushing the median sales price higher.

In summary the March market was great for buyers, and when a home is priced correctly it will sell. I think sellers and agents are still figuring out where that sweet spot is. A good example is the home that sold for $3,315,000. This home was priced at $3,150,000. Buyer’s perceived value resulting in multiple offers driving the price up by $165,000.

Below is a link to some spring maintenance tips to make your home shine! Happy spring!

Spring Home Maintenance Tips

Kim

CURRENT ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4332 NE 43rd St	$1,185,000	4/1.5	1929	2,370	12	$500.00
5015 Nicklas Pl NE	$1,425,000	3/2.75	1941	2,710	13	$525.83
4011 50th Ave NE	$1,575,000	4/2.25	1929	2,610	26	$603.45
4717 NE 50th St	$1,775,000	4/2.5	2006	2,800	19	$633.93
4525 49th Ave NE	$2,275,000	5/5.25	2018	4,158	116	$547.14
4707 49th Ave NE	$2,298,000	5/4	2019	3,382	45	$679.48
4515 51st Ave NE	$2,490,000	4/2.25	1940	4,200	26	$592.86
4117 37th Ave NE	$2,495,950	5/3.5	2019	4,385	34	$569.20
3828 49th Ave NE	$2,688,000	5/4	1928	4,200	49	$640.00
*3408 E Laurelhurst Dr NE	$3,200,000	4/3.25	1911	4,560	3	$701.75
3151 W Laurelhurst Dr NE	$3,900,000	4/3	1940	3,090	85	$1,262.14

Listed and under contract in March

PENDING INSPECTION IN MARCH

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

5100 NE 55th St

$1,100,000

5/3.5

3,210

PENDING IN MARCH

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

4325 NE 43rd St

$1,300,000

3/2.25

2,368

*3408 E Laurelhurst Dr NE

$3,200,000

4/3.25

4,560

SOLD IN MARCH

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
3711 NE 43rd St	$1,250,000	$1,200,000	66	4/2.75	1930	$517.24	3/15
4416 54th Ave NE	$3,150,000	$3,315,000	5	4/3.75	5,030	$659.05	3/29
Averages		$2,257,500	36			$588.14

Median Sales Price = $2,257,500

CDOM = Cumulative Days on Market

Uncategorized • July 31, 2019

February 2019

by Kim O. Dales

FEBRUARY REAL ESTATE BLOG

February is a short month not to mention all the snow we had which, at least in the real estate world, resulted in a grinding halt. It is hard to say if this winter phenomenon adversely affected our market but I think it probably did. Only 6 active listings 5 of which were listed in February compared to February 2018 which had 9. Four sold homes this February compared to only 2 in February of 2018.

The most interesting statistic is the Median Sales Price:

February 2018 $2,027,500

February 2019 $1,372,750

*a 32% decrease in Median Sales price

If you are thinking about listing your home and are having conversations with your Real Estate professional here are some interesting statistics from the NAR (National Association of Realtors) who shared statistics of how buyers are finding their homes:

Internet: 51%
Real Estate agent: 34%
Yard sign & Open houses: 8%
Friend, neighbor, or relative 4%
Seller known by buyer :1
Print advertising: 1%

The days of print advertising although fun to see your home in a glossy magazine is not where your potential buyer is shopping for their next home. Professional photos, videos, websites, these are where the savvy buyer will be looking.

Happy spring.

Kim

CURRENT ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
*4751 49th Ave NE	$1,245,000	3/2.75	1930	2,022	2	$615.73
4325 NE 43rd St	$1,339,000	3/2.25	1928	2,368	27	$565.46
*4717 45th Ave NE	$1,435,000	5/2.5	1928	2,770	1	$518.05
4707 49th Ave NE	$2,350,000	5/4	2109	3,382	8	$694.86
3828 49th Ave NE	$2,750,000	5/4	1928	4,200	12	$654.76
3151 W Laurelhurst Dr NE	$3,900,000	4/3	1940	3,090	48	$1,262.14

*listed & closed in February

PENDING IN FEBRUARY

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

3711 NE 43rd St

$1,250,000

4/2.75

2,320

SOLD IN FEBRUARY

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
4556 47th Ave NE	$879,950	$870,000	6	3/1	1,800	$483.33	2/14
*4751 49th Ave NE	$1,245,000	$1,245,000	2	3/2.75	2,022	$615.73	2/25
*4717 45th Ave NE	$1,435,000	$1,500,500	1	5/2.5	2,770	$541.70	2/25
3906 50th Ave NE	$1,895,000	$1,777,000	97	3/3.25	3,110	$571.38	2/6
Averages		$1,348,125	27			$546.92

Median Sales Price = $1,372,750

CDOM = Cumulative Days on Market

Uncategorized • July 31, 2019

January 2019

by Kim O. Dales

JANUARY REAL ESTATE BLOG

January brought mild weather, more sun and less active listings in Laurelhurst. This is a citywide trend, but let’s break it down for our neighborhood.

January 2018 4 sold homes averaging 28 days on the market

January 2019 4 sold homes averaging 70 days on the market

January 2018 3 of 4 homes sold above the list price with 1 at list price

January 2019 4 homes sold but each sold for less than their list price

Has the market changed? The above statistics indicate that things have slowed down, but median sales prices are par compared to last year. What does this mean to a potential sellers? Price conservatively and make sure your home is ready to be viewed by potential buyers. Make sure you take care of any deferred maintenance, declutter, paint if needed, and be patient. The market has slowed down but your home will sell! We live in a very sought after neighborhood.

Kim

CURRENT ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
5107 48th Ave NE	$999,000	4/1	1943	2,110	25	$473.46
3711 NE 43rd St	$1,250,000	4/2.75	1930	2,320	57	$538.79
4325 NE 43rd St	$1,339,000	3/2.25	1928	2,368	7	$565.46
4525 49th Ave NE	$2,275,000	5/5.25	2018	4,158	51	$547.14
3151 W Laurelhurst Dr NE	$3,900,000	4/3	1940	3,090	17	$1,262.14

PENDING IN JANUARY

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
5143 46th Ave NE	$750,000	2/1	1,020	11
4556 47th Ave NE	$879,950	3/1	1,800	6
3906 50th Ave NE	$1,895,000	3/3.25	3,110	97

SOLD IN JANUARY

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
5038 48th Ave NE	$850,000	$760,000	21	2/1	1,350	$562.96	1/7
5133 NE 55th St	$1,485,000	$1,440,000	57	4/2.5	2,479	$580.88	1/25
4546 51st Ave NE	$1,595,000	$1,575,000	82	4/2.25	2,140	$736.21	1/25
4215 55th Ave NE	$2,165,000	$2,045,000	120	5/3.25	3,760	$543.88	1/8
Averages		$1,455.125	70			$605.99

Median Sales Price = $1,507,750

CDOM = Cumulative Days on Market

Uncategorized • February 4, 2019

December RE Blog

by Kim O. Dales

DECEMBER AND YEAR END REAL ESTATE BLOG

December of 2018 was very quiet with only 3 new listings and only 1 sold property. December 2017 didn’t have any new listings so this is a 300% increase from last year. The days on market have definitely increased. This trend actually started at the beginning of this summer.

Looking at the year in review 62 homes were sold in 2018, which is 2 less than 2017. Fifty of these homes were in the Beach Club. The average sale price soared to $2,043,062 which in part can be attributed to an $11,000,000 waterfront property that sold this summer. The median housing price was up $125,000 from last year at $1,595,000.

With the volatility in the stock market the Seattle market remains strong. It will be interesting to see what happens in our first quarter of the housing market. For more analysis I would refer you to Windermere’s Chief Economist, Matthew Gardner 2019 forecast Matthew Gardner 2019 Economic Forecast

Happy New Year Everyone.

Kim Dales

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
5143 46th Ave NE	$750,000	2/1	1943	1,020	11	$735.29
3711 NE 43rd St	$1,300,000	4/2.75	1930	2,320	32	$560.34
4546 51st Ave NE	$1,595,000	4/2.25	1939	2,140	78	$745.33
4525 49th Ave NE	$2,275,000	5/5.25	2018	4,158	26	$547.14

PENDING INSPECTION IN DECEMBER

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

5133 NE 55th St

$1,485,000

4/2.5

2,479

PENDING IN DECEMBER

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

5038 48th Ave NE

$850,000

2/1

1,350

4215 55th Ave NE

$2,165,000

5/3.25

3,760

120

SOLD IN DECEMBER

Address

List Price

Sale Price

CDOM

Beds/

Baths

Sq.Ft

Price

p/sq.ft

Date Sold

4512 NE 40th St

$1,695,000

$1,816,000

4/2.25

3,440

$527.91

12/3

Averages

$1,816,000

$527.91

Median Sales Price = $1,816,000

CDOM = Cumulative Days on Market

Uncategorized • January 8, 2019

November 2018

by Kim O. Dales

NOVEMBER REAL ESTATE BLOG

I hope you all had a lovely Thanksgiving and gearing up for the New Year. If you have been reading the Seattle Times you are probably all very concerned about the state of our housing market. Yes the market has changed, the good news is that we now appear to be moving into a more balanced market, Realtors and sellers all need to take a collective deep breath and remember we have had 4 years of double digit house appreciation. Note that the first half of this year had an 8.5% increase in sale prices, and then retracted in the second half for a net increase of approximately 4%. For those of you interested in stats check out Alan Pope’s website alanpope.com under Market Overview. Alan is an Appraiser and has been in the business since 1992 so has seen many market cycles.

November 2018 saw a slowing of new listings, which is a consistent year over year trend (last November there were only 2 new listings), and only one home went pending. If your look at this years median sales price of $2,160,000 compared to last November’s median sales price of $1,419,000, Not bad!

I wish you all a Happy Holiday Season!

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
*5038 48th Ave NE	$850,000	2/1	1948	1,350	21	$629.63
4546 51st Ave NE	$1,595,000	4/2.25	1939	2,140	43	$745.33
4215 55th Ave NE	$2,165,000	5/3.25	1958	3,760	113	$575.80

* Listed & under contract in November

DOM as of 11/3/18

PENDING INSPECTION IN NOVEMBER

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

*5038 48th Ave NE

$850,000

2/1

1,350

SOLD IN NOVEMBER

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
5402 NE 54th St	$849,950	$888,000	3	2/1.75	1,830	$485.25	11/20
3665 50th Ave NE	$1,535,000	$1,535,000	7	4/3.25	2,880	$532.99	11/21
4214 53rd Ave NE	$2,450,000	$2,160,000	79	4/3	3,671	$588.40	11/30
3871 46th Ave NE	$1,950,000	$2,250,000	2	4/3	3,240	$694.44	11/28
3516 46th Ave NE	$2,932,500	$2,725,000	117	6/4.5	4,400	$619.32	11/30
Averages		$1,911,600	42			$584.08

Median Sales Price = $2,160,000

CDOM = Cumulative Days on Market

Uncategorized • January 8, 2019

October 2018

by Kim O. Dales

OCTOBER REAL ESTATE BLOG

Despite the negative real estate downturn depicted in the news, Laurelhurst has decided not to listen! This resulted in a strong October. We had 7 new listings in October, and of those 5 received offers with a few having multiple offers.

Four homes closed in October with a median sales price of $2,250,000 compared to a median sales price of $991,000 in October of 2017. Average days on market for the sold properties was only 5 days. The current city average is 17.

Laurelhurst continues to thrive, despite a bit of a slowing in the overall Seattle market. As we approach winter with our shorter days and increased precipitation it is the perfect time to declutter our homes, get our furnaces serviced, and if you have an abandoned oil tank make sure you have it decommissioned and get those records in an accessible location. You might not be thinking of moving but it is always good be be prepared 😊

I hope you all have a Happy Thanksgiving.

Kim

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
*5402 NE 54th St	$849,950	2/1.75	1954	1,830	3	$464.45
*3665 50th Ave NE	$1,535,000	4/3.25	1927	2,880	7	$532.99
*5133 NE 55th St	$1,550,000	4/2.5	1948	2,408	28	$643.69
*4512 NE 40th St	$1,695,000	4/2.25	1937	3,440	4	$492.73
*3871 46th Ave NE	$1,950,000	4/3	1941	3,240	2	$601.85
4215 55th Ave NE	$2,280,000	5/3.25	1958	3,760	68	$606.38
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	782	$1,535.86

* Listed & under contract in October

DOM as of 11/1/18

PENDING INSPECTION IN OCTOBER

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

4004 50th Ave NE

$1,300,000

3/2.25

2,184

3906 50th Ave NE

$1,800,000

3/3.25

3,760

PENDING IN OCTOBER

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*5402 NE 54th St	$849,950	2/1.75	1,830	3
*3665 50th Ave NE	$1,535,000	4/3.25	2,880	7
*4512 NE 40th St	$1,695,000	4/2.25	3,440	4
*3871 46th Ave NE	$1,950,000	4/3	3,240	2
4214 43rd Ave NE	$2,450,000	4/3	3,671	79
3516 46th Ave NE	$2,932,500	6/4.5	4,400	117

*Listed and under contract in October

SOLD IN OCTOBER

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
3536 45th Ave NE	$1,399,000	$1,431,500	7	5/2.25	2,570	$557.00	10/12
3502 43rd Ave NE	$1,947,000	$2,250,000	4	4/3.25	3,490	$644.70	10/02
5027 48th Ave NE	$2,275,000	$2,275,000	5	6/3.5	4,800	$473.96	10/05
Averages		$1,985,500	5			$558.55

Median Sales Price = $2,250,000

CDOM = Cumulative Days on Market

Uncategorized • January 8, 2019

September 2018

by Kim O. Dales

SEPTEMBER REAL ESTATE BLOG

September ended up being a much busier month than August, with 4 new listings and of those, 3 went under contract in less than 8 days on the market. 8 homes sold this month, but notice that of those 8 properties all but one of them sold for at or over the listing price. This is a new market. Less multiple offers and with less homes selling over their original listing price.

My tip for the month is, if you are thinking of selling your home this fall or next spring, you need more than ever to have your market ready. In our past market buyers have just let many inspection issues slide, but that is no longer the case. Below is a great checklist put together by Pillar to Post Home Inspections to help you prepare your home for the market.

Inspection Checklist

Exterior Items

Trim all vegetation 12 inches away from siding.
Keep earth 6 inches below/away from siding & all other wood while maintaining a gentle slope away from the home.

Roof Structure

Remove moss from roof. (Avoid pressure washing as this often causes more damage than good. Solutions & instructions can be found at most home improvement centers.)
Extend downspouts that drain above ground, 6 feet away from structure.
Clean gutters. (Even small amounts of debris can clog downspouts.)
Keep trees & branches trimmed 6 feet from roof & off power lines.

Crawl Space

Check for signs of rodents, repair damage & obtain pest control operator assistance.
Be sure all earth is covered with 6 mm black vapor barrier. (with 6″ overlaps)
Remove all cellulose debris large enough to be picked up by a standard garden rake.
All crawl space vents should be open for proper ventilation (unless freezing.)

Attic

Be sure all bathroom exhaust vents are still attached & lead to exterior of home.
Keep insulation clear of soffit vents.

Furnace

Gas/propane furnaces should be serviced on an annual basis. (Keep proof)

Bathrooms

Correct slow draining sinks & tubs. Fill sinks, then drain, & look for leaks below. Repair.

Interior

Clear storage from blocking electrical panels, attic & crawl space hatches, so the inspector does not have to make an extra trip back & slowing process.
Remove clothing from washer & dryer so inspector can test for leaks etc.
Keep the house clean!

Enjoy our beautiful fall colors!

Kim Dales

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4004 50th Ave NE	$1,360,000	3/2.25	1926	2,184	20	$622.71
*3536 45th Ave NE	$1,399,000	5/2.25	1938	2,570	7	$544.36
*3502 43rd Ave NE	$1,947,000	4/3.25	1936	3,490	4	$557.88
*5027 48th Ave NE	$2,275,000	6/3.5	2017	4,800	5	$473.96
4215 55th Ave NE	$2,280,000	5/3.25	1958	3,760	68	$606.38
4214 53rd Ave NE	$2,450,000	4/3	1916	3,671	80	$667.39
3011 E Laurelhurst Dr	$2,995,000	4/3.5	1908	5,380	119	$556.69
3516 46th Ave NE	$3,087,000	6/4.5	1921	4,400	102	$701.59
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	755	$1,535.86

* Listed & under contract in September

DOM as of 10/4/18

PENDING IN SEPTEMBER

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*3536 45th Ave NE	$1,399,000	5/2.25	2,570	7
*3502 43rd Ave NE	$1,947,000	4/3.25	3,490	4
*5027 48th Ave NE	$2,275,000	6/3.5	4,800	5

*Listed and under contract in September

SOLD IN SEPTEMBER

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
4522 NE 54th St	$899,950	$890,000	13	3/1.75	1,800	$494.44	9/18
5107 46th Ave NE	$1,165,000	$1,150,000	31	4/2	2,695	$426.72	9/20
3626 42nd Ave NE	$1,250,000	$1,200,000	8	3/1.75	1,500	$800.00	9/19
4114 36th Ave NE	$1,495,000	$1,435,000	80	4/3.25	3,180	$451.26	9/25
4826 NE 41st St	$1,595,000	$1,492,000	116	4/2.25	3,300	$452.12	9/19
4239 51st Ave NE	$1,795,000	$1,770,000	35	6/3.25	2,980	$593.96	9/18
3915 51st Ave NE	$2,495,000	$2,200,000	63	4/3.5	4,190	$525.06	9/25
3042 E Laurelhurst Dr NE	$4,595,000	$4,595,000	5	7/2.75	4,220	$1,088.86	9/28
Averages		$1,841,500	88			$604.05

Median Sales Price = $1,463,500

CDOM = Cumulative Days on Market

Uncategorized • January 8, 2019

August 2018

by Kim O. Dales

AUGUST REAL ESTATE BLOG

There is just one statement to define our market in August. It basically went on vacation! Only 2 new listings, but the good news for those homeowners is that they both received offers and are pending.

As you have been hearing in the news the market appears to have slowed down somewhat. This could be a result of many factors: buyer fatigue, an increase in interest rates, or simply that August is historically a slow month. Seller’s, buyer’s and yes even Realtors take time off during the month of August. With that said, some interesting things did happen with our market in August. First of all the typical 6-10 days on market increased with only one home going pending in less than 10 days. This a stark contrast to last year when there were 11 new listings and 5 of those went pending in 8 days or less.

Regarding the market in general only 4 homes closed in August of 2018 with a lower median sales price of $1,160,000 compared to August of 2017 with the same number of closings but a median sales price of $1,462,500. The biggest contrast is the number of homes on the market with 11 new listings in August of 2017 compared to only 2 this year.

It will be interesting to see if we see an increase in listings in September and how the market reacts.

Kim

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
*4522 NE 54th St	$899,950	3/1.75	1947	1,800	13	$499.97
*3626 42nd Ave NE	$1,250,000	3/1.75	1941	1,500	8	$833.33
4215 55th Ave NE	$2,400,000	6/3.25	1958	3,760	36	$638.30
4214 53rd Ave NE	$2,450,000	4/3	1916	3,671	45	$667.39
3011 E Laurelhurst Dr	$2,995,000	4/3.5	1908	5,380	85	$556.69
3516 46th Ave NE	$3,087,000	6/4.5	1921	4,400	68	$701.59
5020 NE 45th St	$4,750,000	5/5.5	1969	8,710	195	$545.35
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	721	$1,535.86

* Listed & under contract in August

CONTINGENT IN AUGUST

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

4826 NE 41st St

$1,550,000

4/2.25

3,300

115

PENDING IN AUGUST

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*4522 NE 54th St	$799,950	3/1.75	1,800	13
4526 48th Ave NE	$1,049,000	3/2.25	1,860	25
5107 46th Ave NE	$1,165,000	4/2	2,695	31
*3626 42nd Ave NE	$1,250,000	3/1.75	1,500	8
4114 36th Ave NE	$1,495,000	4/3.25	3,180	80
4239 51st Ave NE	$1,795,000	6/3.25	2,980	35
3915 51st Ave NE	$2,495,000	4/3.5	4,190	63

*Listed and under contract in August

SOLD IN AUGUST

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
5005 48th Ave NE	$950,000	$1,051,000	8	3/1.75	1,950	$538.97	8/31
4535 NE 41st St	$1,195,000	$1,150,000	8	4/2.75	2,070	$555.56	8/10
3844 Surber Dr NE	$1,200,000	$1,170,000	11	3/1.75	1,690	$692.31	8/3
4202 43rd Ave NE	$1,198,000	$1,200,000	3	4/1.75	2,758	$435.10	8/31
Averages		$1,142,750	8			$555.48

Median Sales Price = $1,160,000

CDOM = Cumulative Days on Market

Uncategorized • January 8, 2019

July 2018

by Kim O. Dales

JULY REAL ESTATE BLOG

July was a very busy month in our neighborhood with some interesting market developments. First of all for the first time in approximately 5 years we had 15 active listings in July! Across the city more properties have been coming on the market, however the market has slowed resulting in an increase in days on market and more price reductions than we have seen. In July, 9 of the 15 active listings in Laurelhurst have been on the market for greater than 17 days. This is a marked change from our spring market or, for that matter from the past few years.

Second, the number of multiple offers are decreasing and in fact many homes are not receiving offers on their review dates. What does this mean for sellers? If you are planning to list your home in the next few months I would suggest being a bit more conservative in your pricing. You need to say to yourself, if I list my home at this price and that is the offer I receive will I be satisfied? Seller’s have become used to multiple offers driving their list price up, suddenly this is no longer the case, so I would suggest caution in pricing. The last thing a seller wants is double digit days on market. This sends a signal to potential buyers that the home is overpriced and that there is room to negotiate.

With that said the median sold price in Laurelhurst for July of 2018 was $1,720,000 compared to July of 2017 which was $1,537,500.

Have a great remainder of your summer!

Kim

ACTIVE LISTINGS

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
5005 48th Ave NE	$950,000	3/1.75	1960	1,950	4	$487.18
4526 48th Ave NE	$1,049,000	3/2.25	1943	1,860	9	$563.98
5107 46th Ave NE	$1,165,000	4/2	1943	2,695	18	$432.28
*4535 NE 41st St	$1,195,000	4/2.75	1933	2,070	8	$577.29
*4202 43rd Ave NE	$1,198,000	4/1.75	1946	2,758	3	$434.37
4114 36th Ave NE	$1,495,000	4/3.25	1946	3,180	52	$470.13
4826 NE 41st St	$1,550,000	4/2.25	1930	3,300	87	$469.70
4011 50th Ave NE	$1,675,000	4/2.25	1929	2,410	8	$695.02
3915 51st Ave NE	$2,390,000	4/3.5	2003	4,190	52	$570.41
4215 55th Ave NE	$2,400,000	6/3.25	1958	3,760	8	$638.30
4214 53rd Ave NE	$2,450,000	4/3	1916	3,671	17	$667.39
3011 E Laurelhurst Dr	$2,995,000	4/3.5	1908	5,380	57	$556.69
3516 46th Ave NE	$3,087,000	6/4.5	1921	4,400	49	$701.59
5020 NE 45th St	$4,750,000	5/5.5	1969	8,710	167	$545.35
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	693	$1,535.86

*listed and under contract in July

CONTINGENT IN JULY

Address

List Price

Beds/

Baths

Sq.Ft.

CDOM

4239 51st Ave NE

$1,795,000

6/3.25

2,980

PENDING IN JULY

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*4535 NE 41st St	$1,195,000	4/2.75	2,070	8
*4202 43rd Ave NE	$1,198,000	4/1.75	2,758	3
3844 Surber Dr NE	$1,200,000	3/1.75	1,690	11
3201 43rd Ave NE	$11,750,000	4/6	8,562	41

*Listed and under contract in July

SOLD IN JUNE

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
5042 Harold Pl NE	$1,065,000	$1,075,000	23	2/1.75	1,930	$556.99	7/17
5029 44th Ave NE	$1,150,000	$1,203,088	2	3/3.25	2,091	$575.36	7/9
4133 42nd Ave NE	$1,500,000	$1,500,000	12	5/2.75	2,720	$551.47	7/10
4316 36th Ave NE	$1,599,000	$1,520,000	28	8/4	3,650	$416.44	7/31
5112 46th Ave NE	$1,995,000	$1,920,000	33	4/3.25	3,509	$547.16	7/24
4537 49th Ave NE	$1,949,500	$1,949,500	6	5/3.5	3,790	$514.38	7/5
3908 NE 38th St	$2,295,000	$2,250,000	4	3/2	2,800	$803.57	7/31
3315 E Laurelhurst Dr NE	$2,495,000	$2,392,500	19	5/3.25	4,270	$560.30	7/5
Averages		$1,726,261	16			$565.71

Median Sales Price = $1,720,000

CDOM = Cumulative Days on Market