Tag Archives: Condo Sales Queen Anne Seattle

Queen Anne Year End Real Estate Round Up

111 W Highland2015 was a great year for sellers of Queen Anne real estate. According to the Northwest Multiple Listing Service, 314 single family homes sold in all of 2015 in Queen Anne compared to 294 in 2014.   Median sales price climbed 8.5% to $799,475 compared to $737,250 in 2014.  The sale  price to list price ratio in 2015 was 102.6% compared to 100.8% in 2014.  The amount of new listings hitting the market in 2015 (369) was nearly identical to 2014 (368).

The number of 2015 Queen Anne condo sales increased from 379 in 2014 to 422 in 2015.   Likewise, the median sale price rose to $355,000 from $315,000 a year earlier, an increase of just under 8%.  The sales to list price ratio also increased to 101.5% in 2015 from 99.1% in 2014.  New listings totaled 467 in 2015 compared to 438 in 2014.

The  modest increase in new inventory is not keeping up with demand so we are continuing to see a very significant rise in sales prices.  All one has to do is take a look at the number of cranes when entering the city to realize that all neighborhoods in close proximity to downtown will continue to experience high demand for real estate! 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.

 

 

By JASON ROACH, Ewing & Clark, Inc.
Residential Sales & Leasing
C
206.853.0877 | P206.695.4831 | F206.441.5297 | jroach@ewingandclark.com

Queen Anne Market Sees Continued Rise In Prices In Nov.

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.

QA Real Estate Recap: Single-Family Sales Slow In September

By Jason Roach, Ewing & Clark, Inc.

According to the Northwest Multiple Listing Service, there were only 12 sales of single family homes in September of 2015. Inventory levels at the end of September were at almost 3 months’ worth of supply, much higher than the one month’s worth or less that has been the standard for most of this year.  There is an unusually high number of homes priced over $1 million currently on the market.  Time will tell if pricing is starting to stabilize. From an anecdotal viewpoint, fewer people tend to actively look for homes in August so we will see whether sales pick up into the fall. All indicators, including number of sales, median sales price, and list-to-sales-price ratio, were up in August of 2015 compared to a year earlier. However, September is a different story. The median sales price in September was up on a yearly basis ($705,000 compared to $691,000 in September 2014), but the number of sales was half of what it was a year ago (12 sales in 2015 compared to 24 in September 2014). The sales to list price ratio remained stable over the year (101.6%).

Queen Anne condo sales and prices both trended upward in August, but sales were down substantially in September 2015 compared to September 2014 (25 to 41).  The good news from a seller’s standpoint is the median sales price was much higher in 2015, at $360,000 compared to $274,000 in 2014. The number of new listings for condos in the months of August and September 2015 compared to 2014 were relatively close (78 to 75).

October will be an interesting month to see how the numbers compare to 2014. September is the first month this year where we have seen any sign of the market stabilizing. 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.

Jason Roach, Ewing & Clark, Inc.