January Laurelhurst Real Estate Summary

Kim Dales has provided this neighborhood real estate activity report for the month of January:

current listing at 3609 NE 43rd Street for $1,480,000

January was a very quiet month in the neighborhood and the inventory in Laurelhurst remains extremely low. 

Here is some information on the listing activity:

• of the 10 active listings, only 2 were new listings
• 7 of the 10 listings have been on the market for over 70 days
• 4 of these 7 listings have been on the market for 4 months or more including 2 waterfront listings all on the market for more than 16 months
• typical days on market for homes priced to sell in Laurelhurst are 7-10 days
• homes that are not selling are all listed over $2,100,000
• the 2 sold homes both sold for less than list price which is unusual in the neighborhood
  
  

ACTIVE LISTINGS AS OF JANUARY 31ST

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
*4715 45th Ave NE	$1,185,000	4/1.5	1928	2,210	7	$536.20
3609 NE 43rd St	$1,480,000	3/2.25	1956	2,660	2	$556.39
3718 48th Ave NE	$1,950,000	4/1.5	1975	3,874	9	$503.36
3141 E Laurelhurst Dr NE	$2,160,000	3/3.25	1923	3,840	123	$562.50
4511 NE 38th St	$2,195,000	4/3	1938	4,044	70	$542.78
4312 36th Ave NE	$2,279,000	5/5.5	2016	4,800	147	$474.79
3817 49th Ave NE	$2,468,000	4/3.75	1970	3,467	73	$711.85
4549 55th Ave NE	$2,695,000	4/4	2014	4,320	198	$623.84
3627 42nd Ave NE	$10,000,000	6/4.5	1921	6,860	488	$1,457.73
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	511	$1,535.86

PENDING IN JANUARY

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM
*4715 45th Ave NE	$536.20	4/1.5	2,210	7

*Listed and under contract in January

SOLD IN JANUARY

Address	List Price	Sale Price	CDOM	Beds/ Baths	Sq.Ft	Price p/sq.ft	Date Sold
4528 W Laurel Dr NE	$1,600,000	$1,491,150	4	4/2.25	3,260	$457.41	1/9
3811 42nd Ave NE	$1,550,000	$1,500,000	18	5/3.5	3,840	$390.63	1/10
4115 51st Ave NE	$1,549,950	$1,510,000	2	5/3	3,074	$491.22	1/17
3408 E Laurelhurst Dr NE	$2,950,000	$2,864,150	87	4/3.25	4,410	$508.51	1/16
Averages			28		3,646	$497.18

Median Sales Price = $1,505,000

CDOM = Cumulative Days on Market

Here are some tips for anyone thinking about getting their home ready to sell.

• Declutter and Organize- organize your closets and pantries so they are tidy as this will showcase your storage space.
• Paint Inside and Out - ensure interior rooms are freshly painted with a neutral color, including the front door; power wash and paint the exterior if needed.
• Make Updates to Increase Your Home’s Value- such as new hardware, new kitchen backsplash, matching appliances, refinish hardwood floors etc.
• Talk to and Collaborate With Your Neighbors- let your neighbors know you are planning to sell and kindly ask them to tidy up.
• Figure Out the Right Time to Sell - sellers tend to think they need to wait until spring in order to sell quickly, but in our current market any time is a good time.
• Price Your Home to Sell - look at  recent sales, pricing trends in the neighborhood and inventory and keep in mind overpricing could scare off potential buyers, and underpricing means that you could leave money on the table.