Queen Anne Seattle Real Estate Update

If you are thinking of listing or buying homes for sale in Queen Anne, Seattle, the first step is finding a qualified and professional Queen Anne, Seattle Realtor who can inform you of the current Queen Anne, Seattle Real Estate Market. When you choose an experienced Queen Anne, Seattle Realtor with a proven track record, you can feel confident that you have someone working as your advocate throughout the transaction. Additionally, you can use details like average and median sold prices for homes for sale in Queen Anne, Seattle, along with the month supply and days on market to your advantage. As a seller, knowing the average and median sold price helps you to list your property according to market value. This allows you to experience a shorter time on the market as well as attract multiple offers. As a buyer, you can find out the necessary details that help you put together a good offer that stands out in our competitive market. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

Sellers will be thrilled to know that the average and median sold prices for homes for sale in Queen Anne, Seattle are up. The average is up 12.4% from this time last year at $985,321. The median sold price is up 14.5% at $870,000.  These are also up from just last month. The average percentage of list price for this neighborhood is up 1.5% at 104.3%. Your realtor in Queen Anne, Seattle will further explain how you can use this number to your benefit, but it indicates your negotiation power AND tells us that Queen Anne, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is down 15.4% while the amount of new listings is down 1.2%. Closed sales are down 9.7% and pending sales are down 7.4%. While not great news for buyers, this is all a result of a low month supply. To understand the month supply, this tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Currently, the month supply for this neighborhood is down 25% at 0.9. Your realtor in Queen Anne, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 9 while the average is down to 21. If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give us a call. Our team would be happy to help!

Posted on July 20, 2018 at 9:58 pm
Scott, Molly & Sarah Shutes | Category: Uncategorized

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