Queen Anne, Seattle Real Estate Update

Getting ready to list or buy Queen Anne, Seattle homes for sale? Knowing what is happening in the market is necessary for success. Queen Anne, Seattle realtors use details like sold prices, days on market and more to help our clients achieve success. As a seller, knowing how quickly homes for sale in Queen Anne, Seattle are selling can guide you in terms of when to pack, how long you can expect before you receive an offer, etc. As a buyer, you can use these numbers to create a competitive offer that seller’s will find enticing. 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 sold price for Queen Anne Seattle real estate has gone up 10.9% to $948,721. This median sold price has gone up 11.1% to $834,000. The average price per square foot has increased 17.2% at $552. The percentage of list price is 105.1%, which means on average, homes for sale in Queen Anne, Seattle are closing with over asking offers.

Queen Anne, Seattle real estate has seen new listings go down by 7.5%. Queen Anne, Seattle homes for sale have decreased in general by 16.3%. Pending Queen Anne, Seattle homes for sale have gone down 7.2% and closed sales have increased 4.8%. Median days on market are 8 and the average is 20. This neighborhood is in a seller’s market with a month supply of 1. 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.

We know this area is competitive due to increase in pricing and the rate that homes are getting offers. 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 on this neighborhood, both buying and selling, let me know. I would be happy to help!

Posted on May 12, 2018 at 1:39 pm
Molly Shutes | Category: Uncategorized

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