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

Magnolia, Seattle Real Estate Update

Whethere you are listing or buying homes for sale in Magnolia, Seattle, knowing the current market conditions can be very helpful. Using details like days on market, average and median sold price and percentage of list price can help you have a wonderful Magnolia, Seattle real estate experience. As a buyer, you should use this information to create a competitive offer. Especially since homes for sale in Magnolia, Seattle are pending in record time. As a seller, you can use this info as a way to come up with a market appropriate list price. This assures your home will sell quickly.  The best way to get this information is from a Magnolia, Seattle realtor. Let’s take a look at how our neighborhood is doing!

When it comes to listing Magnolia, Seattle homes for sale, now is a fantastic time as you are likely to get the most money at resale! The average and median sold prices have gone up compared to this time last year. The average is up 13.1% at $955,692 and the median is up 12.2% at $825,000. The average price per square foot has gone up 13.3% and is now at $452. The average percentage of list price has hiked 0.9% and is now at 103.6%. This number tells us that homes for sale in Magnolia, Seattle are going for not only the full amount of the asking price, but over on average.  This can be used as a negotiation tool. Median days on market are 8 and the average is 22. Buyers & sellers can both use this information. As a buyer, you know you have to move quickly and not wait to make an offer. As a seller, you have the heads up that this will likely be a quick sale so you better start packing!

If you are a buyer and you were starting to feel frustrated by the increasing prices, we have some good news for you too. New listings have gone up by 17.2% while the amount of Magnolia, Seattle homes for sale have increased by 10.9%. Pending sales are up 19.2% and closed sales are up 20.1%. While we are thrilled with all this increase in activity, the month supply is, unfortunately, very low at 1.3. This is the number we have been sitting at for the past few months. Magnolia, Seattle realtors look for a 6 month supply in order to consider the market balanced. Anything less than 4 is considered a seller’s market. The best piece of advice I can give anyone looking to buy or sell in this neighborhood is to work with a qualified Magnolia, Seattle realtor who knows the neighborhood. I can help you navigate the entire process from start to finish and beyond. If you are interested in more information, feel free to give me a call. I would be happy to help!

Posted on January 31, 2018 at 1:50 pm
Scott Shutes | Category: Uncategorized

Seattle Real Estate Update

Seattle real estate was named the hottest market of 2017 and is expected to be the number #1 market for 2018. While this is great for sellers, this isn’t exactly the best news for buyers as it means that the market will be competitive with inventory still at record lows. As a result, you can expect to deal with rising prices, multiple offers and crafting a competitive bid with your Seattle Realtor. As a seller, you can expect a quick sale with over asking. Of course, this is as long as you price according to the market conditions. We are still seeing some over priced Seattle homes for sale sitting on the market. As homes for sale in Seattle are already higher than the national average, buyers don’t want to spend more than they have to. Regardless of what side of the transaction you are on, there are two things you can do for a successful Seattle real estate experience. The first is to pick a qualified Seattle Realtor. We have the experience to help you navigate the process as well as any tricky scenarios that may arise. The second is to arm yourself with knowledge on the market that comes straight from the MLS. Not a Zillow Zestimate, but the actual statistics from our own Multiple Listing Service. So how is the Seattle real estate market doing this month? Let’s take a look!

According to the Northwest MLS, the average and median sold prices for homes for sale in Seattle have increased. Not just compared to this time last year, but also by last month. While homes for sale in Seattle vary based on a variety of factors, the average sold price has increased 11.9% at $731,910 while the median is up 16.1% at $649,950. The average price per square foot is up 10.7% at $446. I wish there was good news for buyers as far as increased inventory levels, but that number is down 2.6% while the amount of homes for sale in Seattle have gone down 16.7% compared to this time last year. Pending sales have seen a very slight increase at 0.1% and closed Seattle homes for sale are down 3.3%. The median days on market is still 8 while the average is 19. These numbers are down a substantial amount compared to this time last year, however this is the same as last month. While we are discussing things that have stayed the same, the month supply is still down 16.7% at 1. As I have discussed in other blogs, a balanced market needs a 6 month supply. So  aligning yourself with a qualified Seattle realtor is necessary for success in this market. If you have more questions, feel free to reach out. I would be happy to help!

Posted on January 1, 2018 at 6:21 pm
Scott Shutes | Category: Uncategorized

Ballard Seattle Real Estate Update

If you looking to purchase or list Ballard, Seattle homes for sale, knowing the local market ensures success regardless of whether you are a seller or a buyer. As a buyer, knowing what is happening in the Ballard, Seattle real estate market allows you to put together a competitive offer you feel confident about. As a seller, you can feel good about your listing price. This keeps Ballard, Seattle homes for sale from sitting too long. While bidding wars and quick sales are common in this desirable neighborhood, if a property is overpriced, it will sit. Of course, working with a qualified Ballard, Seattle realtor who acts as your advocate in both selling and buying makes a huge difference. So how is this popular neighborhood looking currently? Let’s take a look!

The good news for homeowners thinking of listing their homes for sale in Ballard, Seattle is that prices have increased! Both the average and median sold price has gone up compared to this time last year AND just last month. The average has increased 17.8% at $746,818 (which is up from last month by over $10,000) while the median has gone up 17.4% at $710,000 (also up $10,000 from last month).  The price per square foot has also increased 14.4% at $453. The bad news for buyers is that new listings are down 2.6%, along with homes for sale in Ballard, Seattle being down 22.7%. Pending sales have seen a minimal 1.6% increase. Closed sales are down at 2%. Even if you have done minimal research on Seattle real estate, you know this city is in a seller’s market. This neighborhood is no exception with a 0.5 month supply. This is down from last month as well as last year by 28.6%. In order to be considered balanced, a market needs a 6 month supply. Also, the median days on the market is 7, with the average being 14. Now, The average percentage of list price, which determines your negotiation power, is 106.2%, up from last year and slightly from last month. Which means on average, homes for sale in Ballard, Seattle are not only going for asking, they are getting well over in most scenarios. As a buyer, this can get frustrating. Our only recommendation is choosing a qualified local Ballard, Seattle realtor. If you are thinking of buying or selling real estate in Ballard, Seattle, give me a call. I would be happy to help you navigate this competitive market.

Posted on January 1, 2018 at 6:17 pm
Scott Shutes | Category: Uncategorized

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

Magnolia Seattle Homes For Sale

The average sold price has increased 12.4% and is currently at $942,847, which is up from this time last year. However this is actually down from last month. Interestingly, the median sold price is up 7.5% from last year, and last month, at $806,500. The average price per square foot is up 13.9% from last year at $450. The average percentage of list price is still consistently at 103.4%, which indicates a buyer’s negotiation power. This basically means that homes are going for over asking on average. This is common when there is high demand and low inventory. While sellers will like this news, buyers may still be feeling frustrating. The littlest increase in price can impact your buying power. The good news for buyers is that new listings are up 21.1% in this neighborhood compared to this time last year. The overall Magnolia Seattle homes for sale are up 13.3%, pending sales are up 19.8% and closed sales are up 17.9%. Unfortunately, the month supply is still sitting at 1.3, which it has been at for the past few months. Magnolia Seattle real estate is still very much in a seller’s market as we need a 6 month supply in order to be considered balanced. Whether you are looking to list or buy a home for sale in Magnolia Seattle, working with a Magnolia Seattle realtor who knows what is happening in the market is crucial. This information can help guide your decisions which have a huge impact on whether or not your experience is a success. As a long time Magnolia Seattle realtor, I would be happy to give you more information.

Posted on January 1, 2018 at 6:00 pm
Scott Shutes | Category: Uncategorized

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

Seattle Real Estate Monthly Market Update

The Seattle real estate market has been making headlines across the nation and it doesn’t look like it is stopping anytime soon thanks to strong economic growth, daily transplants looking for housing and a record low inventory level. Because of this, the current Seattle real estate market is so competitive right now that buyers are feeling the pressure and getting a bit frustrated. As sellers have the upper hand, this is a fabulous time to list homes for sale in Seattle but it is a tough time for buyers trying to get into a home for sale in Seattle. Whether you are buying or selling, the use of a qualified Seattle realtor is so important. As a seller we can help you pick the appropriate list price as well as get your home ready for the market. If you are a buyer, working with an experienced Seattle realtor will help you in a few ways. First, we have good working relationships with other brokers, which can aid in making a strong offer. Second, we know of properties that haven’t yet hit the market, but will. Which means, you could get a first look at homes for sale in Seattle before anyone else can. Additionally, we are able to guide you every step of the way using our expertise. So how is the current Seattle real estate market looking? Let’s take a look.

According to the Northwest MLS, the average and median sold prices have increased. This is great news for sellers as it means that they can list their homes for sale in Seattle and make money at resale. While every home varies, the average sold price is up 10.7% at $721,555 while the median is up 14.2% at $636,000. The average price per square foot is up 9.7% at $440. Unfortunately for buyers, the amount of new listings available is down 3.6% while the amount of homes for sale in Seattle is down 16.9%. Pending sales have seen a small decrease at 0.1% and closed homes for sale in Seattle are down 0.8%. The median days on market has decreased to just 8 while the average is 19.  While we are on the topic of decreases, the month supply is down 16.7% at 1. As I have discussed in other blogs, a balanced market needs a 6 month supply. So currently, working with a qualified Seattle realtor is necessary for success in this market. If you have more questions, I would be happy to help!

Posted on December 1, 2017 at 1:48 am
Scott Shutes | Category: Uncategorized

Ballard, Seattle Real Estate Monthly Market Update

If you are thinking of selling or purchasing Ballard, Seattle homes for sale, knowing what is happening in the local market helps to ensure that you have a good experience. As a buyer, you can utilize the current Ballard, Seattle real estate market stats to come up with an offer you feel confident about. As a seller, you know you priced according to the local market conditions which keeps Ballard, Seattle homes for sale from sitting too long. Which in this market isn’t really an issue unless the home is completely overpriced. Bidding wars and quick sales happen more often than not in the Ballard, Seattle real estate market.  Of course, working with a qualified Ballard, Seattle realtor who can guide you in both selling and buying makes a huge difference. So how is this neighborhood looking currently? Let’s take a look!

The good news for homeowners thinking of listing homes for sale in Ballard, Seattle is that prices have gone up! Both the average and median sold price has increased compared to both this time last year AND just last month. The average has gone up 16.1% at $735,558 while the median has gone up 16.0% at $700,000. Interestingly, while these are considered higher price points compared to the national average, these are still lower compared to some of the other popular nearby neighborhoods. The price per square foot has also increased by 12.9% at $446. Unfortunately for buyers, new listings are down 3.2%, along with a 21.3% decrease for homes for sale in Ballard, Seattle. Pending sales have seen a minimal 1% increase. Closed sales are barely down at 0.4%. Even if you have done little research on Seattle real estate, you are probably aware that this city is in a seller’s market and this neighborhood is no exception. In fact, the monthly supply in Ballard is just 0.6. In order to be considered balanced, a market should have a 6 month supply. The median days on the market is 7, with the average being just 15. This means a majority of homes are accepting offers within two weeks or less. Additionally, the average percentage of list price is 106%, up from last year and slightly from last month. This basically means that in most scenarios, homes for sale in Ballard, Seattle are not only going for asking, they are getting over. If you are a buyer and this feels frustrating to you, us Seattle Realtors get it. My recommendation is choosing a qualified Ballard, Seattle realtor. They usually have strong local ties and close working relationships with other brokers. If you are thinking of buying or selling real estate in Ballard, Seattle, give me a call. I would be happy to help you navigate this popular neighborhood.

Posted on December 1, 2017 at 1:39 am
Scott Shutes | Category: Uncategorized

Monthly Ballard, Seattle Real Estate Report

If you are thinking of listing or purchasing Ballard, Seattle real estate, you have come to the right blog. Knowing what is happening in the local market is crucial when navigating a competitive market such as this one. As a buyer, knowing what is happening in the Ballard, Seattle real estate market allows you to be confident in your offer price. As a seller, you know you priced appropriately. With demand so high and inventory so low, homes for sale in Ballard, Seattle move quickly. If they are priced according to the recent comparable sales, they are more likely to sell fast with multiple bids.  Of course, working with a qualified Ballard, Seattle realtor who can guide you in both selling and buying makes a huge difference. So how is this neighborhood looking currently? Let’s take a look!

The good news for homeowners thinking of selling real estate in Ballard, Seattle is that prices have gone up! The average has gone up 14% at $702,256 while the median has gone up 15.4% at $675,000. Interestingly, while these are considered higher price points in general, these are still lower compared to some of the other nearby sought after neighborhoods. New listings are down 2.5%, homes for sale have taken a hit at 14% but pending sales and closed sales are up between 1.1%-2.3%. Whether you are buying or selling in Seattle, you likely already know we are in a seller’s market. However, this neighborhood in particular is dealing with some VERY low inventory. The month supply is currently 0.6. In order to be considered balanced, a market should have a 6 month supply. Also, the median days on the market (which is the amount of time a home goes from active to pending) is 8, with the average being 16. Now, The average percentage of list price (which basically determines your negotiation power) is 105.3%. Which means on average homes are not only going for asking, they are getting well over in most scenarios. As a buyer, this sounds frustrating. Our only recommendation is choosing a qualified local Ballard, Seattle realtor. You want someone who has local ties and good working relationships with other brokers so they are aware of Ballard, Seattle real estate before it even comes on the market. If you are thinking of buying or selling real estate in Ballard, Seattle, give me a call. I would be happy to help.

Posted on October 31, 2017 at 7:56 pm
Scott Shutes | Category: Uncategorized

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