Upper Queen Anne Real Estate Market Update

Upper Queen Anne is beautiful – I especially love the retail all along Queen Anne Ave N and the walkability that most of the homes in this area offer.  I wanted to look at homes in the Upper Queen Anne neighborhood of Seattle that score extremely high on Walk Score so I looked at the market just from 4th Ave W all the way East to 4th Ave N and from W Smith Street and Queen Anne Dr to the North down to W Lee St and Lee St where the hill starts really impeding walkability.  I would expect that all of these houses score in the high 80s to well over 90 on Walk Score’s site.

queen anne real estateQueen Anne’s real estate market has been very active this year and Upper Queen Anne especially. These numbers do not include townhomes which I will pull out separately in another post.  There are currently 16 Active homes in this area of the Queen Anne neighborhood.  There are 6 pending homes and 37 sold in the last six months.  Queen Anne homes are selling!

Active Queen Anne lisintg:  These are Queen Anne homes that are available right now on the market.These range in price from $525,000 to $1,545,000 with an average of $826,557 and a median list price of $783,835.  I have previewed or toured most of these and there are some amazing offerings included so let me know if you are interested and I can show you my favorites. Pending Sales: This is Queen Anne Real estate that has not closed yet, but has offers.  Sold homes: 37 in the last 6 months!!!!  This is great news!  They range in price from a very affordable $375,000 to $1,900,000 with an average of $741,5111 and a median of $660,000. Average days on market was 68 days for Queen Anne homes.

Average listing price per square foot is $309 for these homes and average selling price per square foot is $306.

Happy Halloween Queen Anne!

Queen Anne Homes

Seattle Real Estate: Some Stats To Share: Area 700

queen anne real estateHMMM..

I figured I would go ahead and share some of the stats I just passed along to a client since they were of interest to me:

Area 700 (Queen Anne and Magnolia) in Seattle info for price range $800,000 to $1,000,000

How many houses sold in December 2008 and January 2009? There were 3 closed sales – all in December in area 700 in that price range.  In addition, there is one Pending listing.  This is a listing that is waiting to close.

Current inventory of available homes in market area 700 in the same price range? There are currently 35 homes available in that price range and market area that are marked as ACTIVE.  In addition, there is one property that is marked “Contingent”  – it has an offer from a buyer who needs to sell their house first.

Staggering numbers in this range as far as active inventory, but the days on market average is still only 71 days for the 35 actives.  To only have 3 sales is not as surprising based on the holiday season and also the recent winter storms, but by contrast residential sales under $800,000 in area 700 (Queen Anne and Magnolia) were much greater at 35 closed sales since December 1st.  The smaller price range is definitely moving faster as many first timers who are qualified come out for ideal market conditions.

Flexibility in price and supreme market presentation is going to be key to standing out in this crowd!

Need more info on Queen Anne real estate?

Need more info on Magnolia real estate?


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