Queen Anne Real Estate: Are Short Sales Impacting Us In 2010?

Queen Anne real estate is still going strong in 2010 – Are Short Sales Impacting Us in 2010? A few times the question about short sales and foreclosures in Queen Anne has come up recently so I thought I would go ahead and quickly touch on it.  Queen Anne Townhomes I wrote aQueen Anne Real Estate market update post on the corporate Seattle site this AM for more details in the numbers - it is interesting to see how very little short sales there are in this Seattle neighborhood.  You can check it out for your self, but I think there were five or six in the active category.  No Queen Anne Short sales have closed at all this year.

There are some really great Bank Owned Queen Anne Townhomes on the market right now - the bank is local and easy to deal with and the price is great!  The finish work on the townhomes is wonderful and it is a great way to get a nice affordable Queen Anne view home. I sold one in the last month (although it was not listed in the MLS) and they are very cool – let me know if you want more info.

You can find all Queen Anne homes that are listed in the MLS by all companies here:

Queen Anne Townhomes

Queen Anne homes for sale

Queen Anne Real Estate Update 2010

Queen Anne Blog About Queen Anne Neighborhood and Homes For Sale:  Queen Anne Real Estate Update 2010

Queen Anne has been MOVING! Lots of new inventory to choose from, too.  There are 102 Active Residential Queen Anne listings right now!  Homes range from a $249,000 for a “multi level” which usually means townhouse by the way to a $4,950,000 for a newer beauty on Highland Drive.

Queen Anne View homesAt $649,000, you can get a Queen Anne view townhome with sweeping views of the Puget Sound listed by my friend Claudia.  This is a really great place, by the way.  I sold the one next door just a couple months ago and these places are a knock out!!!  They have high end finish work and the builders are dolls.  The listing agent was also a dream to work with. I also happen to personally know that the neighbors are nice.  Claudia also has a commercial space on Aurora listed for very cheap if you are interested – $138,000 in Queen Anne for commercial!

Queen Anne Townhomes: There is a large segment of these active residential listings that are townhomes and you can get some nice views from the newer ones that are laid out to take into consideration the view.  Take the Ward Street Townhomes, for instance.  I just sold one of those last month – they are amazing! I sold 566C which had an amazing roof top deck with a gas fireplace and sweeping views of the city, bamboo floors, and more – very cool and one of the buildings which happens to be under that Sterling Saving special right now where you can get the lender to contribute up to $20k towards your closing costs, etc.

Queen Anne Pending Sales – Right now under contract, there are 19 homes for sale in Queen Anne waiting to close – they range from  $325,000 for a short sale to $1,965,000 for one of the wonderful West Queen Anne School units (- the Gym:)  I am pretty sure my kids’ great grandfather must have gone here as a boy.  I love that they converted these back in the eighties and this unit is spectacular. )

It’s a Queen Anne blog post about real estate so let’s look at sales… There have been 133 Queen Anne residential homes sold in the last six months!  Queen Anne is selling!  Average listing price of these was $695,827 and the average selling price was $667,349.  Average $ per square foot on selling price for these Queen Anne homes for sale was $284.

Queen Anne real estate tips:  if you have a home to sell, now is a good time – Queen Anne is known to be a strong real estate market and there is a good demand for homes that are priced well and presented nicely – both in person and definitely on the internet.  Buyers want well maintained homes and view homes are of course popular, but proximity to Queen Anne Ave and the Boulevard for shopping and trails is also important.  Look at your WalkScore and see how your home rates.  Walk ability and accessibility is becoming more and more important to many Queen Anen buyers.

January 2010 outshines January 2009 home prices: rising 3.8% in the city for King County

January 2010

January 2010 outshines January 2009 home prices: rising 3.8% in the city for King County.

This shifts the median price from $400,000 to $415,000. Median being half the homes are lower and half the homes are higher than this figure.

According to a Seattle Times article today, people are searching for homes that are closer to the city’s amenities because now homes are more affordable. They want to live closer to work, their friends, schools, and community. So buyers want the whole package and now they can take their pick from some amazing homes on the market right now.

At Cooper Jacobs, we’ve noticed walkability has been a big trendsetter lately. Our buyers want to walk to grocery stores, bus stops, theaters, great local restaurants and even schools. We use www.walkscore.comfrequently to help our buyers get a better idea of what is less than 1 mile around the property.

Unfortunately, the suburbs have dipped a bit in the red, dropping 2%. High gas prices back in 2007 didn’t help homes being foreclosed on in these areas either. Less time in the car is what people want. They no longer have to drive until they find a home to financial afford.