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 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. 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. The best way to get these details are from a Queen Anne, Seattle realtor. So how is this neighborhood doing? Let’s look!
Prices continue to climb! The average sales price for Queen Anne Seattle real estate is up 9.7% at $934,044. The median sold price is up 9.3% compared to last year at this time at $825,000. The average price per square foot is up 17.2% at $546. The percentage of list price is currently at 105%. This is a fabulous way to determine your negotiation power. In this case, it means that on average, homes for sale in Queen Anne, Seattle are getting over ask. This is very common in a seller’s market when the inventory levels are 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 8.6% decrease in new listings. Queen Anne, Seattle homes for sale are down 15.9%. Pending Queen Anne, Seattle homes for sale are down 2.3% and closed sales are up 3.1%. With so much demand in this neighborhood, properties are moving quickly. The median days on the market is 9 and the average is 20.
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, prepare to make a competitive offer. As a seller, get your listing ready for the market by getting rid of items you don’t use, packing up, donating and selling. 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!