Author Archives: Jason Roach

Queen Anne Monthly Real Estate Recap: Inventory Too Low For Market Demand

Homes in Queen Anne are selling at a pace not seen since 2007 but the amount of inventory is struggling to keep up. According to the Northwest Multiple Listing Service, 80 single family homes total closed in June and July of this year, up from 70 in 2013. 45 sales closed in July of 2014. That total equals the highest amount of single family closings in a month in Queen Anne since 2007. The median sale price in June and July rose substantially to $749,000 from $691,000 in 2013. Now the down side from a buyer’s perspective: 79 new residential listings came on the market in June and July of 2014. That pales in comparison to the 100 listings that came on the market in June and July 2013. Queen Anne condo sales rose slightly from last year with 71 sales combined in June and July 2014 compared to 62 in the same months last year. The median price also rose slightly to $313,000 compared to $298,000 a year earlier. New listings totaled 74 in June and July 2014 compared to 85 in the same period of 2013. It bears repeating that if you are thinking of selling, now is a great time to come off the fence! If you would like to chat about the Queen Anne real estate market, ask me about it when you see me in the neighborhood or feel free to contact me sooner.

Real Estate Recap: An Encouraging Sign For Queen Anne Inventory

Homes in Queen Anne are still selling nearly as fast as they are coming on the market and at higher prices than before.  However, there is one bright spot in the May statistics regarding inventory. According to the Northwest Multiple Listing Service, 52 new residential listings came on the market in May of 2014. That figure is equal to the highest number of new listings in any month of 2013 and more than any month in 2012. Meanwhile, 30 single family homes closed in May of this year, down slightly from the 37 closed sales in May, 2013.   The median sale price rose substantially to $806,000 from $615,000 in 2013.

Queen Anne condo sales dipped slightly from last year with 33 sales in May, 2014 compared to 37 in May, 2013.  Median price also lowered slightly to $320,000 compared to $329,950 in May, 2013.  The author believes the aforementioned statistic is an anomaly because in his opinion, condo prices in Queen Anne are up substantially from the previous year.

If you would like to chat about the Queen Anne real estate market, ask me about it when you see me in the neighborhood or feel free to contact me sooner.

Queen Anne April Real Estate Recap: Market Continues to See Rising Values and Low Inventory

Homes in Queen Anne are selling nearly as fast as they are coming on the market.  According to the Northwest Multiple Listing Service, 27 single family homes closed in April of this year, while at the same time only 34 homes hit the market.  27 homes closed in April, 2013 while 51 homes hit the market during the same period.  The median sale price also rose in April, 2014 to $710,000, up from $662,000 in 2013.  It bears repeating that we are in a seller’s market!

Queen Anne condo sales dipped slightly from last year with 36 sales in April, 2014 compared to 47 in April, 2013.  The median price has remained steady at $305,500 compared to $303,000 in 2013.  The amount of new condo listings hitting the market last month was 50 compared to 45 a year earlier.

If you would like to chat about the Queen Anne real estate market, ask me about it when you see  me in the neighborhood or feel free to contact me sooner.

Queen Anne Real Estate Recap: March 2014

Single family homes and condos are flying off the shelf in Queen Anne. According to the Northwest Multiple Listing Service, 42 single family homes closed in March of this year at a median price of $725,000.  That dwarfs the 17 sales at a median price of $655,000 in March of 2013.  42 new single family listings came on the market in March compared to 41 a year ago.  When you see the amount of sales in a month almost identical to the number of new listings hitting the market you have yourself a seller’s market!

Queen Anne condo sales also rose sharply from last year with 48 sales in March, 2014 compared to 27 in March, 2013.  The median price remains steady at $316,000 compared to $315,000 in 2013, and the amount of new condo listings hitting the market last month was 44 compared to 51 a year earlier.

To say the Queen Anne real estate market is strong is an understatement.  If you are curious about the Queen Anne real estate market, ask me about it when you see me in the neighborhood or feel free to contact me sooner.