Queen Anne Real Estate Report – May 2017

The Queen Anne real estate market has showed great strength last month. There were 88 sales, both single-family homes and condominiums. Though the numbers are up in the area, prices are down for single-family residences. The median sales price has dropped from $1,158,800 (May 2016) to $965,000 (May 2017), the lowest also made a tremendous drop from $ 715,000 to $320,000. There are currently 30 active single-family homes in Queen Anne with a median sales price of $1,237,500, the lowest at $220,000, and the highest at $7,500,000.

Condo sales in the Queen Anne neighborhood are heating up along with the summer heat. There were 52 condos sold last month, 11 more than last May. The median sold price has gone up from $361,450 (May 2016) to $500,000 (May 2017). The listing price has jumped from $399,974 to $455,805. The average cumulative days on market has dropped from 36 days to just 12 days! There are currently 21 condo listings active and 32 pending.

For more information on Queen Anne (and Seattle) real estate, or if you are curious about what your house might be worth in this strong market, please contact your local real estate broker for a free market analysis and conversation about your home.

 

Photos Above - 

Queen Anne's highest condo listed is Ewing and Clark's $3,985,000 home on W Highland Drive.
 The home features a gorgeous paneled library, marble bathrooms, and Pecan millwork.
 Sweeping views from the Cascades to the Olympics, plus center vista of Mount Rainier, the
 Space Needle, and the Seattle skyline.

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