Queen Anne, Seattle Real Estate Update

If you are thinking of selling or buying Queen Anne, Seattle homes for sale, knowing what is happening in the market is incredibly beneficial. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to educate our buyers and sellers on what makes an attractive offer as well as an enticing list price. As a buyer, you can use this same info to come up with a competitive offer as well as understand how much time you have to make an offer. As a seller, knowing these details before you list your Queen Anne, Seattle real estate can help you adequately prepare your home 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. The best way to get these details are from a Queen Anne, Seattle realtor.  So how is this neighborhood doing? Let’s look!

Good news for sellers! The average sales price for Queen Anne Seattle real estate is up 13.7% compared to last year at $932,534. This up from last month’s $923,694. This is the same as far as the median sold price goes. That number is up 10% compared to last year at this time at $825,000. The average price per square foot is up 16.5% at $537. The percentage of list price is up 2.5% from this time last year at 104.5% which is the same as last month. This means on average, homes for sale in Queen Anne, Seattle are not only getting full price, but over asking in most scenarios.

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 2.3%, 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 9% and closed sales are up 16.1%. Median days on the market are 9 and the average is 19, which is unchanged from last month. As a buyer, you can use this information to your advantage by understanding that you cannot “sleep on it”. Know your criteria before you go. If a home is a match for your needs, write up the offer. If you are selling, prepare your listing by de-cluttering, getting rid of and packing up as many items as possible ahead of time. 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 in favor of the seller. Currently, this market is at a 1. My only advice for navigating this market is using an experienced Queen Anne, Seattle realtor. If you have any questions about this neighborhood, both buying and selling, let me know. I would be happy to help!

Posted on February 26, 2018 at 8:41 pm
Molly Shutes | Category: Uncategorized

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