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.