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Queen Anne Real Estate Recap: January 2014

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.

Man Fined for Selling Marijuana Laced Rice Crispy Treats

treatsWhile bike-police patrolled the streets during Hempfest, making sure vendors had all the correct permits, they noticed a man sitting in a chair near Elliott Avenue and Bay Street selling rice crispy treats for $3 each. When asked if they contained marijuana the man admitted that they had just a little in them. He did not have a permit to sell and was issued a $513 fine for unlicensed vending. The police confiscated and destroyed his remaining 94 rice crispy squares which smelled strongly of weed.

March Home Sales in Queen Anne Show Rising Property Values

According to the NWMLS, 45 units (16 single family and 29 condos) were sold in Queen Anne in March, 2013 compared to 38 sales (20 single family and 18 condos) in March of 2012.  Sheer volume is always a bit low in March because a majority of the contracts were actually signed and negotiated in February, which itends not to be a busy real estate month.

Although more actual single family units sold in 2012 (20) than in 2013 (16), the striking statistic is the price per sq. ft. of $303 in 2013 compared to $263 in 2012.  Also, out of the 16 sales in Queen Anne in March, 2013 11 sold in 20 days or less and 10 sold in a week or less.  Compared to 8 and 4 in 2012.  The lesser volume of sales is simply a reflection of lack of inventory that has been plaguing  Queen Anne the last several months.

Sold condos in Queen Anne came in slightly higher on a price per sq. ft. basis in 2013 ($302) than 2012 ($300) and each year saw roughly half of the sold condos sell in 20 days or less.  Of note the median sale price in 2012 was only $207K compared with 315K in 2013.

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Space Needle Climber Posts Video Proves Credibility

Last week, a mystery climber (or several climbers) posted photos scaling the Space Needle, The King Street Station Clock Tower, Century Link Field, and the Great Wheel among other illegal areas of Seattle Iconic structures. Why someone would sit on the rafters dangling their feet thousands of feet high in the air is beyond my understanding, but if they were looking for recognition from the city, they certainly got it. The first reaction to many, including Kiro 7 Newscasters, after seeing the images was “whoa! is that real or fake?” So what would you do if someone questioned your credibility? Post a YouTube video proving your (illegal) climbs took place.  The mystery climber posted two videos under the alias “ScrawledInBlack” in which the intro states that leaked photos have shown an illegal Space Needle climb, but did it really happen? The video shows clips from the various news stations covering the leaked photos, and questioning if Photoshop had been used to create the images. Then the camera moves to clips of someone with a blurred face strapping on a backpack and walking along the edge of the space needle, and someone climbing what looks like the flag pole above the needle. Check it out for yourselves, if you’re afraid of heights, viewers advise.