Tag Archives: Queen Anne Seattle 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.

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.

Median Sales Price For Queen Anne Condos Hits 10-Year High

By Jason Roach, Ewing & Clark, Inc.

According to statistics from the Northwest Multiple Listing Service, the median sales price for Queen Anne condos in the month of October was $426,750. This represents the highest monthly figure dating back the last ten years (which is as far back as the NWMLS will calculate).  Of course, this time period includes the boom from 2005-2007.  40 condos were sold and closed in October, compared to 25 last year at a median price of $389,000. 30 new condo listings came on the market on October compared to 34 a year ago.

Also, according to the NWMLS, October residential sales rebounded from slow September sales figures.  29 homes sold and closed compared to 23 a year earlier. The median sales price also crept up to $850,000 compared to $670,000 a year earlier. 41 new listings hit the market in October compared to 28 in October, 2014.

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.