Queen Anne Seattle Real Estate Monthly Market Update

If you are currently thinking of buying or listing Queen Anne Seattle homes for sale, knowing what is happening in the market is necessary for a successful experience. As a buyer you can benefit from knowing neighborhood stats and use it as a guide for creating a competitive offer. The more competitive offer you bring to the table, the higher chance you have of it being accepted. In this ultra competitive market, using any leverage you have can benefit you. As a seller you know what is appropriate to list at, which helps move your property quickly.  Using a Queen Anne Seattle realtor is also crucial as we can get you this information as well as help you navigate the entire listing or buying process. So how is this particular neighborhood doing? Let’s take a look!

The good news for sellers is that average sales price for Queen Anne Seattle real estate is up 11.7% compared to last year at $898,349. However, this has gone down compared to last month. This is the same as far as the median sold price goes. That number is up 12.6% at $805,000. The percentage of list price is up 2% from this time last year at 104.3%. This means the average home is not only getting full price, but over.  The average percentage of list price has increased 14.9% to $517.

The good news for buyers is that new listings have seen an increase of 13%. If you are buying Queen Anne Seattle homes for sale, you will know that any new inventory is appreciated at this point! Homes for sale have decreased 13.6%. Pending sales, however, have increased 14.9% and closed sales have by 17.7%.  The median days on market is still 8 while the average remains at 19. This is all expected being in the seller’s market that we are. Homes are selling quickly with multiple bids which ultimately drives the prices up. The type of market we are in is determined by month supply.  A balanced Queen Anne Seattle real estate market needs a 6 month supply. Currently, we are at a 1. 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 December 1, 2017 at 6:38 am
Scott Shutes | Category: Uncategorized

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