Author Archives: Katie Raynor

Queen Anne Market Sees Continued Rise In Prices In Nov.

By Jason Roach, Ewing & Clark, Inc.

Prices in Queen Anne continue to steadily climb heading into the winter. According to the Northwest Multiple Listing Service, 26 single family homes sold in November of this year at a Median price of $819,500. Those figures compare to just 17 sales at a median price of $770,000 in November of 2014. Most telling is that the average sales-to-list-price ratio in November 2015 was 104.1% compared to 98.8% last year. The amount of new listings hitting the market remained steady with 18 new listings in November of this year compared to 17 in 2014.

The number of condo sales in Queen Anne dipped slightly in November to 23, compared to 25 a year ago. However, condo prices are up, as the median sales price rose to $325,000 from $285,000 a year earlier. Likewise, the sales-to-list-price ratio increased to 100.7% in November 2015 from 97.6% in 2014. New listings totaled 21 in November compared to 27 in the same period of 2014.

It bears repeating that if you are thinking of selling, now is a great time to come off the fence! Inventory is low this time of year and demand remains high. 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.

Median Sales Price For Queen Anne Condos Hits 10-Year High

By Jason Roach, Ewing & Clark, Inc.

According to statistics from the Northwest Multiple Listing Service, the median sales price for Queen Anne condos in the month of October was $426,750. This represents the highest monthly figure dating back the last ten years (which is as far back as the NWMLS will calculate).  Of course, this time period includes the boom from 2005-2007.  40 condos were sold and closed in October, compared to 25 last year at a median price of $389,000. 30 new condo listings came on the market on October compared to 34 a year ago.

Also, according to the NWMLS, October residential sales rebounded from slow September sales figures.  29 homes sold and closed compared to 23 a year earlier. The median sales price also crept up to $850,000 compared to $670,000 a year earlier. 41 new listings hit the market in October compared to 28 in October, 2014.

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.

QA Real Estate Recap: Single-Family Sales Slow In September

By Jason Roach, Ewing & Clark, Inc.

According to the Northwest Multiple Listing Service, there were only 12 sales of single family homes in September of 2015. Inventory levels at the end of September were at almost 3 months’ worth of supply, much higher than the one month’s worth or less that has been the standard for most of this year.  There is an unusually high number of homes priced over $1 million currently on the market.  Time will tell if pricing is starting to stabilize. From an anecdotal viewpoint, fewer people tend to actively look for homes in August so we will see whether sales pick up into the fall. All indicators, including number of sales, median sales price, and list-to-sales-price ratio, were up in August of 2015 compared to a year earlier. However, September is a different story. The median sales price in September was up on a yearly basis ($705,000 compared to $691,000 in September 2014), but the number of sales was half of what it was a year ago (12 sales in 2015 compared to 24 in September 2014). The sales to list price ratio remained stable over the year (101.6%).

Queen Anne condo sales and prices both trended upward in August, but sales were down substantially in September 2015 compared to September 2014 (25 to 41).  The good news from a seller’s standpoint is the median sales price was much higher in 2015, at $360,000 compared to $274,000 in 2014. The number of new listings for condos in the months of August and September 2015 compared to 2014 were relatively close (78 to 75).

October will be an interesting month to see how the numbers compare to 2014. September is the first month this year where we have seen any sign of the market stabilizing. 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.

Jason Roach, Ewing & Clark, Inc.

Queen Anne Housing Market Tightens In July

111 W HighlandBy Jason Roach, Ewing & Clark, Inc.

Sales were down but prices were way up in the Queen Anne residential market for the month of July compared to a year earlier.  According to the Northwest Multiple Listing Service, only 22 single family homes closed in July of this year, at a median price of $830,000. That figure is dwarfed by the 42 closed single family homes in July of 2014, but those sold at a lower median of $699,000.  The sales-to-list-price ratio also rose in July to a whopping 105.3% compared to 101.9% a year earlier. The number of new listings hitting the market dipped slightly with 32 new listings in July of this year compared to 37 in 2014.

The good news continued for buyers and sellers in the Queen Anne condo market. More sales, more new listings, and higher prices! July Queen Anne condo sales rose with 42 sales this year, compared to only 39 last year.  The median price also rose to $382,500, compared to $321,500 a year earlier. Sales-to-list-price ratio increased to 100.7% in July 2015 from 97.8% in 2014.  New listings totaled a very high 51 in July compared to 41 in the same period of 2014.

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.