If you are currently thinking of buying or listing Queen Anne Seattle homes for sale, knowing the current market conditions can help you navigate the experience successfully. As a seller you get an 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 also benefit from this information and use it as a guide when putting together an offer. The better the offer, the higher chance it has of being accepted. In this ultra competitive market, utilizing any leverage you can is necessary for your success. 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 sales price for Queen Anne Seattle real estate is up 11.7% compared to last year at $898,349. However, this is down compared to last month. This is the same as far as the median sold price goes. That number is up 12.6% at $805,000. The percentage of list price is up 2% from this time last year at 104.3%. This means the average home is not only getting full price, but over. The average percentage of list price is up 14.9% at $517. 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 13%. If you are buying Queen Anne Seattle homes for sale, you will know that any new inventory is appreciated at this point! Homes for sale have gone down 13.6%. However, pending sales have gone up 14.9% and closed sales have gone up 17.7%. 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. 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!