Queen Anne Real Estate Residential Homes Market Update:  What is available in Seattle's Queen Anne neighborhood right now?  There are 106 Queen Anne homes for sale right now - these are all the residential listings in the MLS that are listed for sale and in active status as of right now. 

Quick stats reveals average list price of $969,269, average square footage of 2746 and average dollar per square foot at $346.  Average days on market for these is 132.  If I exclude Queen Anne short sales from the list which tend to skew the numbers, I am left with 101 active Queen Anne homes for sale right now - this is a small percentage of short sales compared to other neighborhoods and a real testament to the neighborhood. Quick stats with these changes reveal averages at $996,985 for listing price, 2801 for square footage, $349 for dollar per square foot, and a longer days on market at 134. 

 

There are 27 pending Queen Anne properties in the MLS excluding short sales.  The days on market is pretty remarkable - the range is from 1 to 138 days, but the average is 30 days and the median is 14 days.  If you have a well priced and presented Queen Anne home, it sells and quickly.  List price on these pending sales ranges from $138,000 to $1,965,000, but the real meat of the homes with offers on them in this great neighborhood is an average price range of $626,465 and median of $567,000.  Three bedrooms.2 baths is the median for what is selling the most of these. Pulling up Queen Anne short sales only, there are six that are pending in the MLS as of today on top of the 27 pending Queen Anne homes.  The days on market for these range from 5 to 158 days with an average of 53 and a median of 40 days. The median price range for these is $506,250 and I would expect the days on market to increase significantly before they close - if they close at all.

 

Queen Anne is already off to a great start for homes sold this year. So far in 2010, 21 homes have sold (no short sales have closed this year in Queen Anne).  These closed sales range in price from $350,000 to $1,700,000 with an average of $726,874 and a median of $665,000.  The average days on market for these was 105, but that was seriously skewed by one house that was on the market for 328 days.  The median days on market for these sold homes was 82.  The shortest time on market for these sold Queen Anne homes?  12 days.  The average sales price to listing price ranged from 90.57% to 94.92% depending on days on the Queen Anne real estate market. 

 

Last year, 2009, for the same period, there were 19 sales on Queen Anne with average sales price of $757,562 and in 2008 for the same period there were also 19 sales with an average sales price of $806,079.  Going back to 2007 for this period paints the bigger picture.  There were 26 Queen Anne homes that sold during this time - the average sales price was $689,967.  This tells me that Queen Anne homes sales are definitely improving, although the last two years have not been highly depressed regardless of overall Seattle real estate market slow down. 

 

Queen Anne Real Estate Conclusions? If you want to sell your Queen Anne home, then go forward without fear.  There are buyers out there wanting to move here!  If you want to buy a Queen Anne home then go ahead - take advantage of the low interest rates that will be heading up inevitably as they always do.  Take advantage of the tax credit if you qualify (that window is closing soon unless they extend).