Uncategorized September 7, 2018

Queen Anne, Seattle Monthly Market Report

If you are interested in buying or listing homes for sale in Queen Anne, Seattle, it is important to understand the current market conditions. Just like you would any major purchase or sale, doing your research on the demand, comparable solds, prices and the market in general can guide you as both a buyer and a seller. As a seller, you understand what to price at and how quickly your Queen Anne, Seattle real estate may sit on the market. As a buyer, you get an idea of what the competition is like, how fast you need to move and what to offer. The best way to get this information is from an experienced Queen Anne, Seattle realtor. We have access to real time market stats that help us guide our clients. So how is the current market doing? Let’s look!

The average and median sold prices for homes for sale in Queen Anne, Seattle are up compared to this time last year. The average is up 9.4% from this time last year (and last month) at $991,591. The median sold price is up 9.4% from last year at $870,000, however this number is unchanged from the past few months. The average percentage of list price is up from this time last year and is now at 103.6% for this neighborhood. However this is down from last month’s 104.1%. Your realtor in Queen Anne, Seattle can explain how this number can be used to your benefit, but in a nutshell, 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 up 14.3% while the amount of new listings is up 7.4%. Closed sales are down 15.5% while pending sales are down 9.3%. The month supply is up 20% and is now at 1.2. This has been steadily going up the past couple months which is good news for sellers. To understand month supply, it 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 9 while the average is 19. 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!