Tag Archives: seattle Queen Anne real estate

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.

Queen Anne Monthly Real Estate Recap: Inventory Too Low For Market Demand

Homes in Queen Anne are selling at a pace not seen since 2007 but the amount of inventory is struggling to keep up. According to the Northwest Multiple Listing Service, 80 single family homes total closed in June and July of this year, up from 70 in 2013. 45 sales closed in July of 2014. That total equals the highest amount of single family closings in a month in Queen Anne since 2007. The median sale price in June and July rose substantially to $749,000 from $691,000 in 2013. Now the down side from a buyer’s perspective: 79 new residential listings came on the market in June and July of 2014. That pales in comparison to the 100 listings that came on the market in June and July 2013. Queen Anne condo sales rose slightly from last year with 71 sales combined in June and July 2014 compared to 62 in the same months last year. The median price also rose slightly to $313,000 compared to $298,000 a year earlier. New listings totaled 74 in June and July 2014 compared to 85 in the same period of 2013. 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.

Queen Anne April Real Estate Recap: Market Continues to See Rising Values and Low Inventory

Homes in Queen Anne are selling nearly as fast as they are coming on the market.  According to the Northwest Multiple Listing Service, 27 single family homes closed in April of this year, while at the same time only 34 homes hit the market.  27 homes closed in April, 2013 while 51 homes hit the market during the same period.  The median sale price also rose in April, 2014 to $710,000, up from $662,000 in 2013.  It bears repeating that we are in a seller’s market!

Queen Anne condo sales dipped slightly from last year with 36 sales in April, 2014 compared to 47 in April, 2013.  The median price has remained steady at $305,500 compared to $303,000 in 2013.  The amount of new condo listings hitting the market last month was 50 compared to 45 a year earlier.

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.

February Real Estate Recap: Prices Are Rising in Queen Anne

If you are a potential seller it is a good time to own property in Queen Anne. According to the Northwest Multiple Listing Service, 15 single family homes closed in February of this year at a median price of $785,000.  That compares to 13 sales at a median price of $670,000 in February of 2013.  Inventory remains low with just over two months worth presently on the market.  28 new single family listings came on the market in February compared to 25 a year ago. Chances are that if you purchased a home in the boom from 2005-2008 you are no longer “under water.”

Queen Anne condo sales have shown a similar rise in median price at $330,000 in February 2014 compared to just over $276,000 a year earlier.  The amount of activity is down slightly from a year ago, (17 sales compared to 20 in 2013) and fewer condos were placed on the market (37 compared to 48 in 2013).

The Queen Anne real estate market is strong with properties selling faster, and for more money.  If you are curious 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.