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 who knows the area and the current market conditions, you can rest easy knowing that you have a professional working as your advocate throughout the transaction. You can use the information they give you to come up with a strategic plan of action. 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!

The average and median sold prices for homes for sale in Queen Anne, Seattle are up. The average is up 11.4% from this time last year at $984,090. This number is actually down slightly from just last month though. The median sold price is up 11.6% from last year at $870,000, however this number is unchanged from last month.  The average percentage of list price for this neighborhood is up 1% from this time last year at 104.1%, although down slightly from just last month. Your realtor in Queen Anne, Seattle can explain in detail how this number can be used to your benefit, but in easy terms, it indicates your negotiation power while also telling us that on average, 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 2.8% while the amount of new listings is up 6.3%. Closed sales are down 9.4% and pending sales are down 10.5%. The month supply is unchanged from this time last year at 1.10 but up from last months 0.9. To understand how month supply can impact you, this number 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. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 8 while the average is 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 August 6, 2018 at 7:02 pm
Scott, Molly & Sarah Shutes | Category: Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *