Queen Anne, Seattle Real Estate Update

Thinking of listing or buying homes for sale in Queen Anne, Seattle? You came to the right spot! Before you do anything, you will want to find a Queen Anne, Seattle Realtor who will act as your guide throughout the entire transaction. Working with an experienced Queen Anne, Seattle Realtor who has a proven track record has benefits that buyers and sellers can gain from. A Queen Anne, Seattle Realtor will have the ability to tell you what exactly is happening in the Queen Anne, Seattle Real Estate Market, which is something you can use when making or accepting an offer. Average and median sold prices for homes for sale in Queen Anne, Seattle, and days on market can give insight to both buyers and sellers. Buyers can find out the necessary details that help create an offer that stands out to sellers, which is so helpful in our current competitive market. Sellers can use this information to price their property according to market value, which allows for a shorter market time while attracting multiple offers. So how is the Queen Anne, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Queen Anne, Seattle goes, prices are up. The average is up 11.4% from this time last year at $984,090. The median sold price is up 11.6% from last year at $870,000. The average percentage of list price for this neighborhood is at 104.1%. Your realtor in Queen Anne, Seattle can further explain how you can use this number to your benefit, but it basically indicates your negotiation power and tells us that Queen Anne, Seattle homes for sale are going for over asking.

The amount of Queen Anne, Seattle homes for sale is down 2.8% while the amount of new listings is up 6.3%. Closed sales are down 9.4% and pending sales are down 10.5%. This is all a result of a low month supply, which is currently a 1.10. The month supply tells us who has control of the Queen Anne, Seattle real estate market. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Both the average and median days on market are down. The median days on market for Queen Anne, Seattle homes for sale is 8 while the average is down to 21. If you are looking for a Queen Anne, Seattle Realtor or Queen Anne, Seattle homes for sale, feel free to give me a call. I would be happy to help! If you would like more market reports on other local Seattle neighborhoods, visit our team site www.teamshutes.com.

Posted on August 5, 2018 at 2:06 am
Molly Shutes | Category: Uncategorized

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