Tag Archives: Queen Anne real estate

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.

Real Estate Report

The market didn’t slow down in the Queen Anne area as we came into the fall months, with 58 sales this past September compared to 36 last September. Though the highest priced home last year was at $4,243,000 and this year the highest priced home was about two million lower, the median cost for a home has gone up from $425,000 (9/15) to $629,500 (9/16). Last year homes were being listed (on average) for $691,407 and this September we are seeing homes listed (on average) for $805,780. There are currently 91 active listings and 76 pending.

 

June Real Estate Report

 

 

QUEEN ANNE 2

Queen Anne is a good example of the growth for real estate in Seattle. It may not be growing as quickly as some neighborhoods, but nonetheless it is showing some strength. There are currently 78 active listings and 71 pending. According to the NWMLS, last June there were 91 sales and this past month there were 90. Even though close in number, it still beats 64 in 2014. The median sales price for a home is up to $648,000, compared to $550,000 (2015) and $546,000(2014). The highest price for a home has dropped from $5,100,000 to $2,500,000 and the lowest is up by a little less than $900. For a neighborhood so close to the booming Downtown market and all the amenities, maybe Seattle transplants will start buying in Queen Anne.

For listings in the neighborhood, click on the photo above!

Latest News on Seattle Childrens Home Development

The latest public meeting about the proposed Toll Brothers development at 901 West McGraw Street happened on Thursday, September 18th. Neighbors and community members were able to voice concerns about the Seattle Childrens Home project, which is in the review process prior to acquiring the necessary Master Use Permit for the project.

This public meeting was set to allow residents and neighbors to voice their concerns, and the Toll Bros. developers did not make a formal presentation. However, Bruce Rips, a planner for the Department of Planning and Development (DPD) led the meeting. In order to proceed with the Seattle Childrens Home project, Toll Bros. will need to have at least one further Design Review Board meeting – but they need to first respond to the comments from the last DRB meeting. As of yet, Toll Bros. have not made any design changes, nor have they responded to public concerns from the last meeting.

Primary community concerns about the project include concerns about lack of communication about the project to local schools, the added strain on public transit, traffic safety, parking, environmental impact from construction, exceptional trees, and more.

The neighborhood group, Future Queen Anne, which has been fighting the current design of the Seattle Childrens Home project, announced that it has begun a fundraising effort. The donations raised by their efforts (FQA has become a nonprofit) will go toward financing arborist and traffic studies to add more weight to already–voiced concerns.

Future Queen Anne and other community members are frustrated with the project, because they feel that, although they have shown up at public meetings to voice their concerns repeatedly, Toll Bros. has not made significant changes to address them. “The only real difference we’re starting to see is [Toll Bros.] moving some of the buildings around,” said Ross Maddalena, a founding member of the group. “It’s still a suburban development put into an urban landscape.”

The next Design Review Board meeting has not yet been scheduled.

 

Featured photo source: Seattle.Curbed.com.