Uncategorized December 26, 2017

Queen Anne Seattle Real Estate Update

If you are currently thinking of listing or buying Queen Anne Seattle homes for sale, knowing the current market conditions can help you achieve Seattle real estate success. As a seller, knowing what is happening in the market will help you figure out an appropriate list price as well as how long (on average) homes for sale in Queen Anne Seattle are going from active to pending.  You also get an idea of your negotiation power with percentage of list price and much more. As a buyer you stand to benefit from this information and use it as a guide when putting together a competitive offer that stands out above the rest. Using a Queen Anne Seattle realtor is also crucial as we can get you this information as well as help you navigate the entire listing or buying process. So how is this particular neighborhood doing? Let’s take a look!

The average sold price for Queen Anne Seattle homes for sale is up 12.7% compared to last year at $919,027. This is up $30,000 compared to just last month. The median sold price is up 11.3% compared to this time last year at $805,000. Interestingly, this number is the same as last month. The price per square foot is up 16.1% at $526. The percentage of list price is up 2.3% from this time last year at 104.4%. This means the average home is not only getting full price, but over on average.  This is all great news for sellers!

Buyers have good news as well. New listings have seen an increase of 11.4%. If you are buying Queen Anne Seattle homes for sale, you will know that any new inventory is appreciated at this point! However, homes for sale in Queen Anne Seattle have gone down 11.4%. Pending sales have gone up 14.8% compared to this time last year. Closed sales have gone up 13.8%.  The median days on market is still 8 while the average remains at 19. This is all expected being in the seller’s market that we are. Homes are selling fast with multiple bids which ultimately drives the prices up. 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 1.10. 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!