The market didn’t slow down in the Queen Anne area as we came into the fall months, with 58 sales this past September compared to 36 last September. Though the highest priced home last year was at $4,243,000 and this year the highest priced home was about two million lower, the median cost for a home has gone up from $425,000 (9/15) to $629,500 (9/16). Last year homes were being listed (on average) for $691,407 and this September we are seeing homes listed (on average) for $805,780. There are currently 91 active listings and 76 pending.
This unique home on West Galer Street is available for $2,350,000. Sitting on the west slope of Queen Anne hill, this home offers spectacular views of the Puget Sound and the Olympic Mountains, including from the wrap-around terrace adjacent to the master bedroom. Classic details such as ribbon inlay oak floors, window seats, and moldings combined with unique features such as an authentic Japanese tea house make this a truly once-in-a-lifetime opportunity. The gourmet kitchen boasts top-of-the-line stainless steel appliances and granite counters. The great room opens to a level, low-maintenance garden featuring waterfalls, terraces, and boulders, and the adjacent tea house is the perfect place to set up your own exercise, yoga, or art studio. A spacious three-car garage offers plenty of storage, and this home has the added bonuses of new windows, siding, roof, and systems. For more information on this home, contact Betsy Terry at Ewing & Clark, Inc, and click here for additional photos.
It is time once again for the Uptown Art Walk, and there is going to be some great work on display this month! Head to the Vera Project to see 10 years’ worth of screen-printed posters created by Weapons of Mass Design, who will also be doing a screen-printing demonstration and have posters available for sale.
Solo Bar will host Lower Queen Anne resident Stasia Burrington’s “Stargazing” exhibit curated by Ghost Gallery, and Eyeballs will be showing paintings and pastel drawings from Irena Lusnyakyan, also a Queen Anne resident.
The art walk takes place every third Wednesday of the month at several businesses throughout Uptown. Click here for the full list!
The hot Queen Anne market shows no signs of slowing down, especially given how few homes are being brought to market in the neighborhood. According to the Northwest Multiple Listing Service, January, 2014 saw 15 single family home transactions close as opposed to 17 a year earlier. The median sales price in 2014 was $704,000, which represents a slight improvement from 2013 ($685,000). Low inventory was a recurring problem for Queen Anne homebuyers in 2013. Hopefully, the early signs are not indicative of a year long trend as only 18 new single family home listings hit the market in the first month of 2014, as opposed to 26 units in 2013.
Queen Anne condo inventory showed signs of improvement with 38 new listings in January, 2014 compared to 33 new listings a year earlier. 19 condo units sold last month as opposed to 21 units the year prior.
The Queen Anne real estate market is strong with properties selling faster, and for more money. 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.