Monthly Queen Anne, Seattle Real Estate Update

If you are buying or selling Queen Anne, Seattle real estate, educating yourself on the market conditions can aid you in navigating the transaction from start to finish. As a seller you will know what to expect as far as what is appropriate for pricing, days on market, etc. As a buyer you can get an idea of how much you will spend and what your negotiation power is. Using a Queen Anne, Seattle realtor is beneficial as they can provide you with this information as well as help you navigate any bumps that my pop up throughout the listing or buying process. So how is real estate in Queen Anne, Seattle doing? Let’s take a look!

The average sales price for Queen Anne, Seattle real estate has increased 7.6% at $782,259 while the median has increased 28.7% at $625,000. The new listings have gone down 9.3% while the homes for sale have gone down 41.7%. The pending sales and closed sales have gone up slightly between 2%-3%. The median days on market is 8 while the average is 22. The percentage of list price is 104.4%, which means the average home is not only getting full price but over. Which makes sense as the month supply is less than 1 at 0.8. A Queen Anne, Seattle real estate market needs a 6 month supply in order to be considered balanced. If you are looking for a Queen Anne Seattle realtor to help you navigate this  market, give me a call. I would be happy to help!

Posted on October 31, 2017 at 7:12 pm
Scott Shutes | Category: Uncategorized

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