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.