This last year of Seattle’s Queen Anne Real Estate has been an interesting one.
According to the company Trendgraphix, Inc., Active listings in October 2010 saw 154 listings, by end of December, 2010 91 listings active and end of year 2011 only 51 listings active in the zip codes of 98109 and 98119. Average price per square foot varied from $256 to a high of $330 and now back to $265 as of 12/31/11.
Average days on market varied from 51 to 142 with sale price to original list price in the 90% range consistently.
Average price of homes for sale end of 2010 was $848,000 and ended 2011 with average sales price of $1,095,000. However, average sales prices topped out at $853,000 11/11 with end of year average at $668,000.
2010 ended with 4.3 months of inventory and ended 2011 with 4.3 months of inventory.
As you can see, there became fewer and fewer homes to choose from over the year of 2011. Buyers are looking for Queen Anne location – close to downtown – but want to move in with little to do, or want a great deal.
2012 should be even more interesting to see if more inventory comes on the market!
