Tag Archives: Queen Anne Condo Sales

Queen Anne Real Estate Report – Half of Year

We are halfway through the year and the real estate market is still in an all-time frenzy. There still isn’t much relief for buyers in the Seattle area, with low inventory and prices still climbing high. There were 164 single-family homes sold in Queen Anne between January & June, which is 18 more than we saw this time last year. The median sales price took a small jump from $986,000 (2016) to $989,950 (2017). The lowest price for a home has seen an increase from $182,000 (2016) to $379,000 (2017). There are currently 33 listings active and 48 pending.

Condominium sales in Queen Anne showed some strength these last 6 months. The median cost has gone up from $390,000 (2016) to $475,000 (2017). The average list price has also seen a small jump from $436,804 (2016) to $502,376 (2017). There are currently 21 active and 40 condos pending, one of which listed by Ewing and Clark for $3,985,000.

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.

Latest Update on the Seattle Childrens Home Project

After the Design Review Board’s approval to proceed came through two months ago on the Seattle Childrens Home project, and additional changes were suggested, the developer responded recently with more updates.

On April 28th, CamWest/Toll Brothers provided these updates to the Land Use Review Committee (LURC) of the Queen Anne Community Council:

  • Reducing the number of townhome units by three, from 62 to 59 units.
  • Bringing some of the units back further from the street to allow for more open space.
  • Widening openings along the street.
  • Adding a street to divide the cluster of homes planned for the center area of the lot.

According to Andrew Miller of CamWest, “We pulled back and made some units smaller, [which gives] the separation the neighborhood wanted.” Some of the other updates to the plan have the additional benefit of “[bringing] in more light and air,” Miller said.

Not surprisingly – due to the ongoing controversy that this project has received – community members had additional requests and suggestions to CamWest’s updates. These included asking for architecture that would sufficiently blend into the neighborhood’s existing style, double handrails on the public easement hill climb, careful assessment of tree drip lines, and saving four elm trees existing on the property.

LURC Chair Marty Kaplan commented in appreciation for CamWest/Toll Bros. ongoing efforts to alleviate the neighbors’ concerns: “I really agree with the commitment you’ve made to keep advancing the plan,” he said. “It’s evident it keeps getting better.”

Now that these updates have been brought before LURC, CamWest will be submitting them for the Master Use Permit very soon – they told the Queen Anne News that they expect to submit the plan within 30 days. Next, they will have to wait on the city’s reply before they can respond, then apply for and schedule a Design Review Board meeting. CamWest’s representative, Miller, estimates that this DRB meeting will take place in late summer or early fall – August or September.

Featured photo from Seattle.gov.

 

More of the Same for June Queen Anne Home Sales

The amount of single family home sales in Queen Anne were exactly the same as in June of 2012 according to the NWMLS.  The difference being the homes sold faster and for a higher price as inventory continues to lag behind demand.  27 homes sold in June of 2013 in Queen Anne.  The median price was $720,000 and avg. price per sq. ft. was $317.  Compare that with a medan sale price in June, 2012 of $660,000 and an avg. per sq. ft. of $288. Likewise the avg. days on market in 2013 was 28 compared to 82 in 2012.  13 of the 27 2013 sales happened in 10 days or less and 18 of the 27 sold in 20 days or less. In 2012 16 of the 27 sold in 10 days or less and 19 of the 27 sold in 20 days or less.

Condo sales were much more brisk in June, 2013 compared to a year earlier, with 37 sales in 2013 as compared to 26 in 2012.  Median price in 2013 was $325,000 compared to $247,500 and avg. price per sq. ft was $$360 compared to $317.  Average days on market in 2013 was 47 compared to 57 days in 2012.

July will be interesting to see if there is any sign of a slow-down.