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 advocate as you navigate the Queen Anne, Seattle Real Estate Market. Working with an experienced Queen Anne, Seattle Realtor who has a proven track record has a couple of perks that buyers and sellers can benefit from. The first is resting easy, knowing you have someone to professional representing you throughout the entire transaction. This is so helpful as things don’t always go as planned in the world of real estate. The other perk is that 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. Details like average and median sold prices for homes for sale in Queen Anne, Seattle, along with the month supply and days on market help both buyers and sellers. As a seller, you can use this information to help you price your property according to market value, which allows you to experience a shorter time on the market while attracting multiple offers. Buyers, you can find out the necessary details that help you put together an offer that stands out to sellers, which is so helpful in our current competitive market. 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 13.1% from this time last year at $975,132. The median sold price is up 13.9% at $858,000. The average percentage of list price for this neighborhood is at 104.6%. Your realtor in Queen Anne, Seattle will further explain how you can use this number to your benefit, but in a nutshell, this indicates your negotiation power as well as tells us that Queen Anne, Seattle homes for sale are going for over asking.

As far as inventory in this neighborhood is concerned, the amount of Queen Anne, Seattle homes for sale is down 23.8% while the amount of new listings is down 10.2%. Closed sales are down 5.1% and pending sales are down 6.3%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 25% at 0.9. To understand the month supply, this 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. Your realtor in Queen Anne, Seattle will be able to share what this number is as it changes with the 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. This is great news for sellers looking to move their property quickly. Although be prepared for a fast move! Buyers, this tells you that you do not have time to “sleep on it”.

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!


Posted on June 8, 2018 at 5:00 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

Buying or selling homes for sale in Ballard, Seattle? In our current, competitive market, this is an exciting time for both buyers and sellers. Buyers have the potential of owning a property in one of the hottest neighborhoods in Seattle while sellers stand to make a substantial return on investment. In order to successfully achieve your real estate goals, you have two tasks you need to do before you can get started. The first task is finding a Ballard, Seattle Realtor. We guide you through the experience using our professional experience, while also educating you on what is happening in the Ballard, Seattle Real Estate Market. When you align yourself with a professional, qualified Ballard, Seattle Realtor who has a proven track record, you can rest assured knowing you have someone who will be by your side throughout the entire transaction and beyond. The other perk to working with a Ballard, Seattle Realtor who knows this area is you know what exactly is happening in the Ballard, Seattle Real Estate Market. Using details like average and median sold prices for homes for sale in Ballard, Seattle, along with the month supply and days on market can work to your advantage. As a seller, knowing the average and median sold price helps you to price your property according to market value. This helps you sell quickly while attracting multiple offers. As a buyer, you can find out the necessary details that help you put together an offer that stands out in our competitive market, which is crucial right now seeing as most homes are getting multiple offers. So how is the Ballard, Seattle Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Ballard, Seattle goes, prices are up. The average is up 13.7% from this time last year at $766,103. The median sold price is up 11.1% at $750,000. The average percentage of list price for this neighborhood is at 106.1%. In a nutshell, this number indicates your negotiation power. It also tells us that Ballard, Seattle homes for sale are going for over asking. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit when it comes to making or accepting an offer.

As far as inventory in this neighborhood is concerned, the amount of Ballard, Seattle homes for sale is down 22% while the amount of new listings is down 11.6%. Closed sales are down 9% and pending sales are down 15.2%. This is not great news for buyers, however, this is all a result of a low month supply. This number is down from this time last year by 20% at 0.4. This number tells us that this neighborhood basically has close to no inventory. Which is not a huge surprise seeing as it is one of the most desirable areas in Seattle. To better understand the importance of what month supply means, it tells us who has control of the Ballard, Seattle real estate market. Anything less than 4 is a seller’s market while anything over 6 is considered balanced. Your realtor in Ballard, Seattle will be able to share what this number is as it changes with the market. Both the average and median days on market are down. The median days on market for Ballard, Seattle homes for sale is 7 while the average is down to 11. Sellers, be prepared to move fast and buyers, “blink and you’ll miss it”, aka if you see a home you like, write an offer immediately. Waiting even an hour could put you out of the running.

If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give me a call. I would be happy to help!


Posted on June 2, 2018 at 4:53 pm
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

If you are buying or selling homes for sale in Magnolia, Seattle, you should know it is crucial to understand the current market conditions. Whether you are a buyer or a seller, details like sold prices, days on market, and month supply can help you have a successful Magnolia, Seattle real estate transaction. As a seller, these details help you list at a market appropriate sales price AND prepare your home according to how fast properties are moving. When you price according to the local Magnolia, Seattle real estate values, you can rest assured your home will sell fast. Which is important in our local market as homes for sale in Magnolia, Seattle are pending in record time. As a buyer, you can use these stats to your benefit by coming up with a competitive offer that will stand out above the competition. The best place to get this information is from a Magnolia, Seattle realtor. An experienced, local professional is the best resource to find out what is happening when it comes to Magnolia, Seattle homes for sale. Let’s take a look at how our neighborhood is doing!

Magnolia, Seattle homes for sale have increased compared to this time last year but are down a bit from last month. The average sold price increased 11.2% to $982,969 and the median has increased 13.4% at $850,500. The average price per square foot has increased 12.3% at $466. The average percentage of list price has gone up 104.1%. This number is used to determine your negotiation power and also indicates that homes for sale in Magnolia, Seattle are going for over asking on average. Days on market are 8 for the median and 22 for the average.

As far as inventory is concerned, new listings have gone up 0.8% while the amount of Magnolia, Seattle homes for sale has increased 2.1%. Pending sales are up 7.6% and closed sales are up 6%. The month supply is still at 1.2, which is the number we have been sitting at for the past few months. Us Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market, which we are clearly in. The best piece of advice I can give anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. Our goal is to help you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!


Posted on May 20, 2018 at 1:49 pm
Molly Shutes | Posted in Uncategorized |

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 | Posted in Uncategorized |

Seattle Real Estate Update

If you are thinking of listing or purchasing Seattle homes for sale, you probably already know that you are about to enter one of the toughest markets for a buyer and one of the best for a seller. Our real estate market has been making news headlines for the last couple years and things are not slowing down anytime soon. Regardless of what side of the transaction you are on, the best way to have a successful experience is by working with a qualified, professional Seattle realtor who has been serving our area for a long time. There are a few perks to this that benefit both parties, especially in a market like ours. A local pro will not only know the current conditions of each neighborhood, but they are able to advise their clients accordingly. They also act as your guide and your advocate from start to finish and beyond. You should always look for a realtor in Seattle that takes great pride in making sure their clients make educated decisions. I use details from the NWMLS like average and median sold price, days on market and month supply to help my sellers prepare their listing and pick a market appropriate list price while I use this information to help my buyers produce a competitive offer. A Seattle realtor is truly the best resource for a successful Seattle real estate experience.  So how is the Seattle real estate market doing? Let’s take a look!

No surprises here, the median and average sold prices have gone up compared to this time last year and just last month.  The average sold price for Seattle homes for sale has increased 13.5% to $766,439. The median sold price for homes for sale in Seattle has increased 16.2% at $680,000. The average price per square foot has gone up 12.4% at $470, also up from last month too. Meanwhile the percentage of list price is still at 105.4%, which it has been for the past few months. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. It also informs us that homes, on average, are selling for over asking.

Inventory has decreased in all categories except new listings. Those have seen a minimal 1% increase. Not much, but hey, we’ll take it. The available number of Seattle homes for sale has decreased 8.9%. Pendings have decreased 0.7% and closed sales have decreased 5%. The average days on market is 17 while the median is 8, which hasn’t changed from last month. The month supply is still at a 1 which it has been for the past several months. A balanced market needs 6 months and anything less than 4 is considered a seller’s market.

If you are interested in buying Seattle real estate, working with an experienced Seattle realtor is going to make the difference. For my sellers, I exhaust all marketing efforts in order to attract a qualified buyer and top dollar for your home. As a buyer, I help you craft a competitive offer that sellers will find enticing. For more information, give me a call. I’d be happy to help!


Posted on May 5, 2018 at 1:31 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

Thinking of buying or selling real estate in Ballard, Seattle? You have come to the right spot. Not only is Ballard one of the most sought-after neighborhoods, but it is also one of the higher priced areas thanks to low inventory and high demand. If you are thinking about buying homes for sale in Ballard, Seattle, be prepared for competition and crafting an offer that will stand out above the rest. Sellers, be prepared for a quick sale and organize your property and your move accordingly. Regardless of whether you are buying or selling Ballard, Seattle homes for sale, knowing what is happening in the neighborhood’s market is crucial as this information can guide both sides towards a good experience. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this area is so necessary. Let’s check out the numbers!

The average and median sold prices for homes for sale in Ballard, Seattle have both gone up compared to this time last year AND just last month. The median sold price for Ballard, Seattle homes for sale has gone up 13.6% at $749,950 and the average sold price has gone up 15.2% at $758,932. The average price per square foot is up 15.5% currently at $543. The percentage of list price is still 106.1%. This number is important as it gauges your negotiation power is. It also tells us that homes for sale in Ballard, Seattle are going for over asking price in most scenarios.

For inventory, that has continued to go down across the board. The amount of Ballard, Seattle homes for sale has decreased by 17.4%. New listings have decreased by 6.8%, pendings have decreased by 9.3% and closed sales have decreased by 5%. This is all due to low inventory as Ballard, Seattle real estate has a .40 month supply. With a balanced market requiring 6 months and anything less than 4 being considered a seller’s market, we clearly know what kind of market we are in. If you are looking in this neighborhood, give me a call. I would be happy to help!


Posted on May 1, 2018 at 4:34 am
Molly Shutes | Posted in Uncategorized |

Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Seattle, knowing what is happening in the market is super important. As is working with an experienced Seattle Realtor. Especially because the Seattle real estate market is still seeing prices go up and inventory go down. Aligning yourself with a local, professional Seattle Realtor who knows the various neighborhoods and their current trends is so beneficial to your success. When you use the current market stats such as days on market and sold prices, both buyers and sellers can utilize these details to their benefit. Buyers can create a competitive offer while a seller can attract a competitive offer. The best resource for this information is a Realtor in Seattle. We use the local NWMLS InfoSparks, which is the most current stat reporting system. So how is the Seattle real estate market doing? Let’s take a look!

The good news for sellers is that median and average sold prices have gone up! The average sold price for Seattle homes for sale is up 13% compared to this time last year at $757,404. This number is up about $7000 compared to just last month. Meanwhile, the median sold price for homes for sale in Seattle is up 16.4% compared to this time last year at $675,000. This is up about $9000 from last month. The average price per square foot has increased 12.1% at $464, also up from last month. Meanwhile the percentage of list price is still sitting at 105.4%, which is up compared to this time last year but still the same as last month. This number is used to determine your negotiation power when it comes to homes for sale in Seattle. Currently, this stat indicates that properties are getting over asking, which has been common for our market for a while.

Inventory wise, the available number of Seattle homes for sale is down 12.5%. New listings are also down 1.4%, pendings are down 1.2% and closed sales are down 6.7%. The average days on market is 17 while the median is 8. These numbers have been about the same for the past couple months. Also unchanged is our month supply, which is still at 1 for the Seattle real estate. A balanced market needs a 6 month supply and anything less than 4 is considered a seller’s market. If you are buying, be prepared to make an offer fast! Taking your time to think about it will likely have a negative impact on your buying experience as there are so many other buyers trying to get into homes. If you are a seller, be prepared for a quick move! If your property is priced according to the market, the likelihood that your home will sell fast is very high.

If you are interested in buying in King County, working with an experienced Seattle realtor truly makes a very positive impact. As a seller, a realtor in Seattle will utilize strategic marketing efforts to attract a qualified and serious buyer. As a buyer, they are going to help you put together a competitive offer that sellers will find attractive. With so many properties getting so many offers within 24 hours, you want your offer to stand out. For more information about buying or selling Seattle real estate, feel free to give me a call. I have been helping people achieve their real estate goals since 1989!


Posted on April 25, 2018 at 6:12 pm
Molly Shutes | Posted in Uncategorized |

Ballard, Seattle Real Estate Update

If you are buying homes for sale in Ballard, Seattle, you probably have learned by now that this is very competitive market and that things are moving at record speeds. “Blink and you’ll miss it” is a common saying. This is also good to know for sellers as this popular area is sought after by buyers and Ballard, Seattle homes for sale are moving very quickly. Regardless of what side of the transaction you are on, working with a qualified Ballard, Seattle realtor is crucial. We work to not only guide you through the entire process, but beyond as we act as your advocate in getting you the best deal. An important way to prepare yourself is by understanding the current market conditions. This includes details like days on market, average and median sold price and more. These numbers help buyers understand their competition while sellers get a good idea of what to price at. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this area is incredibly important. So how is Ballard looking? Let’s check out the numbers!

The good news for sellers is that the average and median sold prices for homes for sale in Ballard, Seattle are both up compared to this time last year AND last month. The average sold price for Ballard, Seattle homes for sale is up 15.7% at $751,971. The median is up 14.5% compared to this time last year at $744,150. The average is up compared to just last month, while the median is actually down a little bit. The price per square foot is up 15.4% at $539 (also up from last month quite a bit) while the percentage of list price is up 1.9% at 106%. This number is a great tool as it indicates your negotiation power. It also tells us that Ballard, Seattle homes for sale are getting over asking price in most situations. Once again, I stress the importance of using a qualified Ballard, Seattle realtor if you are looking to buy in this area OR looking to sell. Especially with the month supply only having a .40 month supply. To put this in perspective, anything less than 4 months is a seller’s market and a balanced market needs 6 months. This tells us that the Ballard, Seattle real estate market is not only in a seller’s market, but that there is VERY little inventory to choose from. The amount of Ballard, Seattle homes for sale has decreased by 21.7%. New listings are down 6.9% while pendings are down 6.7% and closed sales are down 11.8%. If you are looking in this neighborhood, give me a call. As an experienced Ballard, Seattle realtor, I would be more than happy to act as your advocate as you buy or sell in this area.


Posted on April 19, 2018 at 5:56 pm
Molly Shutes | Posted in Uncategorized |

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 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!


Posted on April 12, 2018 at 2:49 am
Molly Shutes | Posted in Uncategorized |

Magnolia, Seattle Real Estate Update

When it comes to listing or buying homes for sale in Magnolia, Seattle, it is important to stay educated on the neighborhood market conditions. Regardless of whether you are the buyer or the seller, things like days on market, average and median sold price and percentage of list price can help you have a successful Magnolia, Seattle real estate experience. As a buyer, you can use this info to create a competitive offer. Which is so important in our local market as homes for sale in Magnolia, Seattle are pending in record time. As a seller, you can use the local comparable sales as a way to figure out an appropriate list number. When you list according to the local Magnolia, Seattle real estate values, you can rest assured your home will sell quickly. The best place to get this information is from a Magnolia, Seattle realtor. An experienced, local professional is the best resource to find out what is happening when it comes to Magnolia, Seattle homes for sale. Let’s take a look at how our neighborhood is doing!

When it comes to listing Magnolia, Seattle homes for sale, now is a great time! The good news for sellers is that the average and median sold price is up compared to this time last year AND last month. The average is up 15.2% from this time last year at $989,423. The median sold price is up 15.4% from this time last year at $850,000. The average price per square foot is up 11.1% compared to this time last year at $459. The average percentage of list price is up compared to this time last year 103.9%. which is actually unchanged from last month. If you are wondering the relevance of this number has, it simply indicates your negotiation power. It also tells us that homes for sale in Magnolia, Seattle are going for over asking on average. Median days on market is just 8 and the average is 23.

As far as the inventory goes, we are happy to report that seller’s aren’t the only ones who get great news this month. New listings are up 6.9% while the total amount of Magnolia, Seattle homes for sale are up 6.4%. Pending sales are up 10.5% and closed sales are up 11.1%. The current month supply still remains incredibly low at a 1.2, which has been the magic number for a couple months now. Us Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market, which we are very much in at the moment. The best piece of advice I can give anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. We act as your guide while helping you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!


Posted on April 5, 2018 at 2:03 am
Molly Shutes | Posted in Uncategorized |

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