Tag Archives: Queen Anne Seattle Housing Market

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.

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!

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