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 the key to success. 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 9.6% at $918,169. The median sold price is up 8.3% compared to last year at this time at $813,500. The average price per square foot is up 17.6% at $542. The percentage of list price is up 2.9% from this time last year at 104.8%. The percentage of list price is a great tool for determining your negotiation power. In this case, it means that on average, homes for sale in Queen Anne, Seattle are getting over list. This is standard when in a seller’s market and the inventory levels are at a record low. This particular neighborhood has a 1 month supply. 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.

Queen Anne, Seattle real estate has seen a 1.8% decrease in new listings. Queen Anne, Seattle homes for sale are down 13.6%. Pending Queen Anne, Seattle homes for sale, however, are up 1.9% and closed sales are up 11.4%. With so much demand in this neighborhood, properties are moving quickly. The median days on the market is 8 and the average is 19.

As a buyer, you can use this information to your advantage. Know your criteria before you take the time to tour homes, and when you find the right one, make a move. Thinking about it will cost you the house. As a seller, prepare your listing before going to market. De-clutter, get rid of items you no longer use and pack 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. 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 March 19, 2018 at 6:48 pm
Molly Shutes | Category: Uncategorized

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