Queen Anne, Seattle Real Estate Update

If you are in the market to buy or sell Queen Anne, Seattle homes for sale, knowing the current market conditions is crucial. Queen Anne, Seattle realtors use details like days on market, average sold price, month supply and more to guide our clients toward success. As a seller, knowing these numbers before you list your Queen Anne, Seattle real estate can properly prepare you for the market. You need to list at an appropriate market price if you want to move your home quickly. It is also helpful to know how fast homes for sale in Queen Anne, Seattle are moving so you can prepare your property accordingly. As a buyer, you benefit from these numbers and can use them to come up with a competitive offer. 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 Queen Anne Seattle real estate sold price has gone up 12.8% and is currently sitting at $923,694. This is up compared to last month as well. This is the same for the median sold price as well. That number has increased 10.9% and is currently at $820,000. The average price per square foot is up 16.6% at $533. The average percentage of list price has increased 2.4% from this time last year at 104.4%. This means homes for sale in Queen Anne, Seattle are closing with over asking offers. Which is not new news.

Queen Anne, Seattle real estate has some new listings thanks to a 5.6% bump. Unfortunately, the overall amount of Queen Anne, Seattle homes for sale have decreased by 11.4%. Pending Queen Anne, Seattle homes for sale, however, have increased 13.8% and closed sales are up 12.1%. Median days on market are 8 and the average is 19. As a buyer, you can use this knowledge and know that you have to act fast. As a seller, prepare your listing appropriately ahead of time as your home will likely sell quickly.  Your Queen, Anne Seattle realtor can help you with both of the aspects of selling and buying.

Queen Anne, Seattle real estate is currently in a sellers market with a month supply of 1. A balanced market needs a 6 month supply in order to be considered balanced and anything less than 4 is considered a seller’s market.  Our 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 January 31, 2018 at 2:02 pm
Scott Shutes | Category: Uncategorized

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