Queen Anne, Seattle Real Estate Update

If you are thinking of listing or buying Queen Anne, Seattle homes for sale, being aware of what is happening in this market is necessary for your 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 details before you list your Queen Anne, Seattle real estate can prepare you for the process. You can not only list at an appropriate market price but you also have an idea of how quickly homes for sale in Queen Anne, Seattle are moving. As a buyer, you can use this same info 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 sales price for Queen Anne Seattle real estate is up 12.8% compared to last year 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 is up 10.9% compared to last year at $820,000. Interestingly, the average is only up a few thousand compared to last month while the median is up $15,000. The average price per square foot is up 16.6% at $533. The percentage of list price is up 2.4% from this time last year at 104.4%. This means on average homes for sale in Queen Anne, Seattle are not only getting full price, but over.

We have good news for buyers too! Queen Anne, Seattle real estate has some new listings. The bump from this time last year is minimal at 5.6%, however, any increase is good. Unfortunately, Queen Anne, Seattle homes for sale are down 11.4%. Pending Queen Anne, Seattle homes for sale are up 13.8% and closed sales are up 12.1%. Median days on market are 8 and the average is 19. So if you are selling, prepare your listing by de-cluttering, selling and packing up as many items as possible ahead of time. 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. Your Queen, Anne Seattle realtor can help you with both the aspects of selling and buying so both parties are prepared to move fast.

These numbers are a result of this neighborhood being in a seller’s market. 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. My 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 me know. I would be hapy to help!

Posted on January 28, 2018 at 6:34 pm
Molly Shutes | Category: Uncategorized

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