Uncategorized October 31, 2017

Queen Anne Seattle Real Estate Monthly Update

If you are currently thinking of listing or purchasing Queen Anne Seattle real estate, knowing the current market conditions can aid you in navigating the transaction successfully. As a seller you get a good idea of what is appropriate to list at based on comparable sales, how many days homes for sale in Queen Anne, Seattle are sitting active before going pending, what your negotiation power is and much more. As a buyer you can benefit from this information by utilizing it when you come up with an offer. The better the offer, the higher chance it has of being accepted. Which is so important in our competitive market. Using a Queen Anne Seattle realtor is necessary as they can get you this information as well as guide you through the entire process. So how is this particular neighborhood doing? Let’s take a look!

The average sold price for homes for sale in Queen Anne Seattle  is up 15.2% at $907,420. This is actually up from this time last year, as well as up quite a bit from last month. This is the same as far as the median sold price goes. That number is up 12.5% at $802,500. This is great news for sellers as this indicates your home likely has gone up in value, making it a great time to sell. The good news for buyers is that new listings have seen an increase of 3.5%. Any new inventory is appreciated at this point! Homes for sale in Queen Anne, Seattle have gone down 15.9%. However, pending sales have gone up 14.7% and closed sales have gone up 13.2%.  The median days on market is 8 while the average is 19. The percentage of list price is up 1.3% from this time last year, but down slightly from last month at 103.7%. This means the average home is not only getting full price, but over. Which is expected being in the seller’s market that we are. The type of market we are in is determined by month supply.  A balanced Queen Anne Seattle real estate market needs a 6 month supply. Currently, we are at a 1. Down compared to this time last year, but up ever so slightly from just last month. 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!