Laurelhurst is not a large neighborhood so looking at home sales from one quarter can be a little deceiving since the number of transactions is limited. For example, according to the Northwest Multiple Listing Service (NWMLS) in the 1st quarter of 2011 eleven (11) Laurelhurst homes sold including one condo. This was only two less sales than the year before when thirteen (13) homes sold including three (3) Laurelhurst condos in the 1st quarter (1Q). Although there is not a huge amount of transactions, there is a good argument that the Laurelhurst real estate market is stronger in 2011 than in 2010. Comparing the first quarter from each year, there was more million dollar homes sold (6 vs 4) and less average days that homes were on the market (83 vs 102) in 2010. But in 2011, the average sales price was higher ($1,183,114 vs $1,107,231) and the average price per square foot was higher ($395.10 sq/ft vs $354.03 sq/ft). The highest price Laurelhurst house sold in 1Q 2011 was $3,400,000 and in 1Q 2010 it was $2,425,000.
If you are interest in learning more about Laurelhurst real estate contact Jane Powers of Ewing & Clark. Jane has sold numerous luxury homes in Laurelhurst including a waterfront home listed for $5,495,000 on Webster Point and the Laurelhurst waterfront home pictured above which was one of the six (6) million-dollar-plus homes sold during the first quarter of 2010.
Statistics not compiled or published by the Northwest Multiple Listing Service.