Queen Anne Seattle Real Estate Monthly Update

If you are currently thinking of selling or buying Queen Anne Seattle real estate, knowing the current market conditions can help you navigate the transaction successfully. As a seller you get a pretty good idea of what is appropriate for pricing, how many days (on average) homes are sitting active before accepting an offer, your negotiation power with percentage of list price and much more. As a buyer you can use this information to guide you on the offer you put together. The better the offer, the higher chance it has of being accepted. Using a Queen Anne Seattle realtor is necessary as they 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 sales price for Queen Anne Seattle real estate is up 15.2% at $907,420. This is up from this time last year, but also up a pretty decent amount even 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 it indicates that 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 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 me a call. I would be happy to help!

Posted on October 18, 2017 at 11:56 pm
Molly Shutes | Category: Uncategorized

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