If you are thinking of buying or selling Queen Anne Seattle real estate, being aware of the current market conditions can help you achieve a successful transaction. As a seller you know what to expect as far as appropriate pricing, days on market, etc. As a buyer you get a good idea of how much you will spend and what your negotiation power is with the price points. Using a Queen Anne Seattle realtor is necessary as they can get you this information as well as help you get through any bumps that my pop up throughout the process. So how is this particular neighborhood doing? Let’s take a look!
The average sales price for Queen Anne Seattle real estate is up 7.6% at $782,259 while the median is up 28.7% at $625,000. The new listings and the homes for sale have seen a decrease. The new listings have gone down 9.3% while the homes for sale have gone down 41.7%. The pending sales and closed sales have gone up slightly between 2%-3%. The median days on market is 8 while the average is 22. The percentage of list price is 104.4%, which means the average home is not only getting full price but over asking. This is no surprise as the month supply is less than 1 at 0.8. When the market is this competitive, multiple bids are typically the result. A balanced Queen Anne Seattle real estate market needs a 6 month supply. If you are looking for a Queen Anne Seattle realtor to help you navigate this current competitive market, give us a call. We would be happy to help!