Tag Archives: Seattle Queen Anne Blog

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.

QA Real Estate Recap: Single-Family Sales Slow In September

By Jason Roach, Ewing & Clark, Inc.

According to the Northwest Multiple Listing Service, there were only 12 sales of single family homes in September of 2015. Inventory levels at the end of September were at almost 3 months’ worth of supply, much higher than the one month’s worth or less that has been the standard for most of this year.  There is an unusually high number of homes priced over $1 million currently on the market.  Time will tell if pricing is starting to stabilize. From an anecdotal viewpoint, fewer people tend to actively look for homes in August so we will see whether sales pick up into the fall. All indicators, including number of sales, median sales price, and list-to-sales-price ratio, were up in August of 2015 compared to a year earlier. However, September is a different story. The median sales price in September was up on a yearly basis ($705,000 compared to $691,000 in September 2014), but the number of sales was half of what it was a year ago (12 sales in 2015 compared to 24 in September 2014). The sales to list price ratio remained stable over the year (101.6%).

Queen Anne condo sales and prices both trended upward in August, but sales were down substantially in September 2015 compared to September 2014 (25 to 41).  The good news from a seller’s standpoint is the median sales price was much higher in 2015, at $360,000 compared to $274,000 in 2014. The number of new listings for condos in the months of August and September 2015 compared to 2014 were relatively close (78 to 75).

October will be an interesting month to see how the numbers compare to 2014. September is the first month this year where we have seen any sign of the market stabilizing. 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.

Jason Roach, Ewing & Clark, Inc.

Queen Anne Housing Market Tightens In July

111 W HighlandBy Jason Roach, Ewing & Clark, Inc.

Sales were down but prices were way up in the Queen Anne residential market for the month of July compared to a year earlier.  According to the Northwest Multiple Listing Service, only 22 single family homes closed in July of this year, at a median price of $830,000. That figure is dwarfed by the 42 closed single family homes in July of 2014, but those sold at a lower median of $699,000.  The sales-to-list-price ratio also rose in July to a whopping 105.3% compared to 101.9% a year earlier. The number of new listings hitting the market dipped slightly with 32 new listings in July of this year compared to 37 in 2014.

The good news continued for buyers and sellers in the Queen Anne condo market. More sales, more new listings, and higher prices! July Queen Anne condo sales rose with 42 sales this year, compared to only 39 last year.  The median price also rose to $382,500, compared to $321,500 a year earlier. Sales-to-list-price ratio increased to 100.7% in July 2015 from 97.8% in 2014.  New listings totaled a very high 51 in July compared to 41 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! 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.