Queen Anne Homes & Real Estate Update

Posted by The Cascade Team Real Estate on Tuesday, July 26th, 2011 at 2:54pm

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As of July 26, 2011, 13 new Queen Anne homes hit the market last week, with an average list price of $844,408.  It appears that 3 of these homes have been on the market for quite some time and relisted with a new MLS number.  There are currently 97 homes for sale in Queen Anne, at an average selling price of $1,155,434 and average days on market of 120.  There are 25 homes in Queen Anne priced between $600,000 and $800,000 have an average days on market of 109, which is being elevated by a couple homes with a more than 300 days on market.  In addition, there are currently 5 active short sales in Queen Anne, down from the prior week.

Next, we want to looking at pending homes.  There are currently 17 Queen Anne homes "pending inspection", with an average price of $1,004,465 at 164 days on market.  This is Queen Anne real estate that is currently under contract and going through the inspection process.  Next we have homes in Queen Anne that are "pending", with an average price of $748,511, with an average days on market of 66.  The pending inspection category had a few homes with signficantly higher days on market, which caused the average to climb substantially.  It would appear that Queen Anne real estate priced correctly is seeing offers in an average of 30 to 40 days.

Finally, there were 5 homes in Queen Anne that closed last week, at an average selling price of $791,400, which was up based on a home on Kinnear Place that closed at $1,900,000.  These homes closed at 95.07% of their asking price in an average of 19 days.  Well priced real estate in Queen Anne right now is selling quickly almost irregardless of price.  However the homes that attract these buyers are typically in good condition and move in ready for the new Queen Anne homes buyer.

To get more information about Queen Anne real estate and homes for sale in this Seattle neighborhood, check out our Queen Anne homes page or contact one of our local Queen Anne area agents.

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