Uncategorized January 30, 2018

Queen Anne, Seattle Real Estate Update

If you are thinking of listing or buying Queen Anne, Seattle homes for sale, knowing the market is necessary for success. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to educate our clients on what makes an attractive offer as well as an attractive list price. As a seller, knowing these numbers before you list your Queen Anne, Seattle real estate can properly prepare you for the market. You need to list at an appropriate market price but you also need an idea of how quickly homes for sale in Queen Anne, Seattle are moving. As a buyer, you can use these numbers to come up with a competitive offer. 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 12.8% and is currently at $923,694. This is up compared to just last month as well. This is the same as far as the median sold price goes. That number has increased 10.9% and is currently at $820,000. The average price per square foot is up 16.6% at $533. The percentage of list price has increased 2.4% from this time last year at 104.4%. This means on average, homes for sale in Queen Anne, Seattle are closing with over asking offers.

We have good news for buyers too! Queen Anne, Seattle real estate has some new listings thanks to a minimal 5.6% bump. Although at this point, we don’t care how minimal the increase, we will take it. Unfortunately, Queen Anne, Seattle homes for sale have gone down 11.4%. Pending Queen Anne, Seattle homes for sale, however, have gone up 13.8% and closed sales are up 12.1%. Median days on market are 8 and the average is 19. As a buyer, don’t “sleep on it”. Know your criteria before you go. If a home is a match for your needs, write up the offer. As a seller, prepare your listing by de-cluttering, selling and packing up as many items as possible ahead of time.  Your Queen, Anne Seattle realtor can help you with both the aspects of selling and buying so both parties are prepared to move fast.

This is all to be expected when you are in a seller’s market like this neighborhood is. 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. Currently, this market is at a 1, which is actually down a bit from last month. 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!