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 popular Seattle neighborhood doing? Let’s take a look!

The average Queen Anne Seattle real estate sold price has gone up 13.7% and is currently sitting at $932,534 which is up almost $10,000 just from last month. $923,694. The median sold price has increased 10% and is currently at $825,000. The average price per square foot is up 16.65% at $537. The average percentage of list price has increased 2.5% from this time last year at 104.5%. 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 seen an increase in new listings by 2.3%. However, the overall amount of Queen Anne, Seattle homes for sale has gone down by 11.4%. Pending Queen Anne, Seattle homes for sale, however, have increased 9% and closed sales are up 16.1%. Median days on market are 9 and the average is 19. As a buyer, you can use this knowledge to your benefit by knowing you have to act fast and be prepared to go up against multiple offers. As a seller, prepare your listing appropriately ahead of time as your home will likely sell quickly. This cuts down on stress as you prepare to move during the escrow process. Your Queen, Anne Seattle realtor can help you with both aspects of selling and buying.

Queen Anne, Seattle real estate is currently in a seller’s 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 February 26, 2018 at 11:51 pm
Scott Shutes | Category: Uncategorized

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