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 Queen Anne, Seattle Realtor who can not only guide you through the experience, but also educate you on what is happening in the Queen Anne, Seattle Real Estate Market. When you align yourself with a professional, qualified Queen Anne, Seattle Realtor who has a proven track record, you can rest easy knowing you have someone to professionally represent you throughout the transaction. Additionally, a Queen Anne, Seattle Realtor will have the ability to tell you what exactly is happening in the Queen Anne, Seattle Real Estate Market. Use can use details like average and median sold prices for homes for sale in Queen Anne, Seattle, along with the month supply and days on market to your advantage. As a buyer, you can find out the necessary details that help you put together an offer that stands out in our competitive market. As a seller, knowing the average and median sold price helps you to price your property according to market value. This allows you to experience a shorter time on the market as well as attract multiple offers. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Queen Anne, Seattle goes, prices are up. The average is up 13.1% from this time last year at $975,132. The median sold price is up 13.9% at $858,000. The average percentage of list price for this neighborhood is at 104.6%. Your realtor in Queen Anne, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that 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 23.8% while the amount of new listings is down 10.2%. Closed sales are down 5.1% and pending sales are down 6.3%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 25% at 0.9. To understand the month supply, this 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. Your realtor in Queen Anne, Seattle will be able to share what this number is as it changes with the 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 down to 21. This is great news for sellers looking to move their property quickly. Although be prepared for a fast move! Buyers, this tells you that you do not have time to “sleep on it”.

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!