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.