Queen Anne Seattle Real Estate Update

If you are in the market to buy or list Queen Anne Seattle homes for sale, knowing the current market conditions can help you navigate the experience successfully. As a seller you get an idea of what is an appropriate list price and how quickly homes for sale in Queen Anne Seattle go pending. You also get an idea of your negotiation power with percentage of list price and much more. As a buyer you stand to benefit from this information and use it as a guide when putting together a competitive offer you feel confident about. The better the offer, the higher chance it has of being accepted. In this ultra tight market, utilizing any leverage you can is necessary for your success regardless of what side of the transaction you are on. 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 average sales price for Queen Anne Seattle real estate has increased 12.7% compared to last year at $919,027. This is up substantially at $30,000 compared to last month. This is the same as far as the median sold price goes. That number has increased 11.3% at $805,000. Interestingly, this number is actually the same as last month. The price per square foot is up 16.1% at $526. The percentage of list price is up 2.3% from this time last year at 104.4%. This means the average home is getting over asking on average.  This is a great time for sellers to put their home on the market!

The good news for buyers is that new listings have seen an increase of 11.4%. If you are buying Queen Anne Seattle homes for sale, you will know that any new inventory is appreciated at this point! However, Queen Anne Seattle homes for sale have gone down 11.4%. Pending sales have gone up 14.8%. Closed sales have gone up 13.8%.  The median days on market is 8 while the average is 19. This is all to be expected since we are in the seller’s market that we are. Homes are selling fast with multiple bids which 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 1.10. If you are looking for a Queen Anne Seattle realtor to help you navigate this current competitive market, give me a call. I would be happy to help!

Posted on January 1, 2018 at 6:11 pm
Scott Shutes | Category: Uncategorized

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