Laurelhurst Real Estate Update Feb 2011

There are buyers looking for Laurelhurst homes right now – Laurelhurst is one of the Seattle neighborhoods that continues to have high demand. There are only 9 Laurelhurst homes for sale at this time!

Here is what has happened over the last 180 days in Laurelhurst:

There are 9 Laurelhurst homes for sale currently marked as Active in the NWMLS. These range on price from $529,000 to $5,200,000 so there is clearly something in there for everyone. The median price of these Laurelhurst homes is $1,075,000. The average cumulative days on market for them is 127 days.

There are 5 Laurelhurst homes that are marked as Pending and another 2 that are marked as Pending inspection in the MLS as of this AM.  These range in price from $445,000 to $4,195,000.  Three hover around or over a million with the high obviously higher than that point. Three others hover around $500k and less so there is clearly a mixed bag of what is selling.

Laurelhurst real estate sales that have closed in the last 180 days - 9 Laurelhurst homes have sold in the last 180 days according to the mls data. The low on those is at $545,000 and the high is at $790,000 with a median of $659,500 for the  sales price.   The average  days on market for these was 71 day.  They include homes on 42nd Ave NE, Nicklas Place NE, 50th Ave NE, 51st Ave NE, Ivanhoe Place NE, NE 54th Street, and 45th Ave NE.  The average sales price to list price percentage on them is 94.84%.

The overall dollar per square foot of all of these is $399.50 and average days on market is 96 days, although clearly the current inventory is taking longer to sell. That’s it for now – please let us know if you have any questions..