Sensing a theme here? Due to lower inventory the number of Queen Anne single family home sales in the month of May, 2013 (33) was lower than in May 2012 (41) but the price per sq. ft. was sgnificantly higher in 2013 ($325 to $290 in May 2012). The proportion of quick sales also remained higher as 24 of the 33 May 2013 sales were less than 20 days and 20 of the 33 10 days or less as compared to 19 of the 41 in May 2012 being sold in 20 days or less and 13 of the 41 in 10 days or less.
Volume of condo sales remained higher in 2013 (35 compared to 26 sales in May, 2012) as did the price per sq. ft. ($342 in 2013 to $320 in 2012). Average days on market in 2013 was 41 compare to 88 in may, 2012.
According to the Northwest Multiple Listing Service, 48 units (single-family residences or condos) sold in Queen Anne for the month of May, 2011. This total is down from 63 units in May of 2010, during the end of the Homebuyer Tax Credit frenzy. The average price per square foot was likewise down in May, 2011 at $270 ($255 residential and $297 condo) compared to $298 in May, 2010 ($273 residential and $326 condo).
Once again a whopping 37% of May, 2011 Queen Anne sales were either short sales or bank owned properties, compared with 25% in May, 2010. This trend is lilely to continue in the short term. There are currently 47 active Queen Anne listings that are either short sales or Bank Owned properties.