Queen Anne, Seattle Real Estate Update

Thinking of listing or buying Queen Anne, Seattle homes for sale? You came to the right spot. The best way to start you real estate journey is by getting educated on our current market conditions. Knowing the market is necessary for success. Queen Anne, Seattle realtors use details like sold prices, days on market, month supply and more to guide our clients towards success. A buyer can learn what makes an attractive offer while a seller learns what makes an attractive list price. As a seller, you also find out how to properly prepare your home for the market. Knowing how quickly homes for sale in Queen Anne, Seattle are moving can guide you in terms of when to pack, how long you can expect before you receive an offer, etc. As a buyer, you can use these numbers to come up with a competitive offer that seller’s want to accept. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this particular neighborhood doing? Let’s take a look!

The average sold price for Queen Anne Seattle real estate has increased 10.9% and is currently at $948,721. This median sold price has increased 11.1% and is currently at $834,000. These prices are both up from this time last year AND just last month. The average price per square foot is up 17.2% at $552. The percentage of list price is 105.1%, which means on average, homes for sale in Queen Anne, Seattle are closing with over asking offers.

Queen Anne, Seattle real estate has seen a decrease in new listings by 7.5%. Unfortunately, Queen Anne, Seattle homes for sale have also gone down in general by 16.3%. Pending Queen Anne, Seattle homes for sale have gone down by 7.2% and closed sales are up 4.8%. Median days on market are 8 and the average is 20. This neighborhood is in a seller’s market with a month supply of 1. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. Anything less than 4 is considered in favor of the seller.

Obviously with the increase in pricing and the rate that homes are getting offers, we know that this market is competitive. A few tips we can offer are to not take your time thinking about it if you are a buyer. This just allows the sellers time to accept another offer. As a seller, prepare yourself for a quick move and plan accordingly when you are prepping your home for the market. Your Queen, Anne Seattle realtor can help you with both the aspects of selling and buying so both parties are prepared to move fast. Our only advice for navigating this market is using an experienced Queen Anne, Seattle realtor. If you have any questions on this neighborhood, both buying and selling, let us know. We would be happy to help!

Posted on May 15, 2018 at 5:47 pm
Scott, Molly & Sarah Shutes | Category: Uncategorized

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