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Queen Anne Real Estate & Homes For Sale Update

As of July 19th, 2011, 7 new Queen Anne homes hit the market last week, with an average list price of $608,400.  There are currently 94 homes for sale in Queen Anne, at an average selling price of $1,151,028 and average days on market of 126.  Homes priced between $600,000 and $800,000 have an average days on market of 113, which is being elevated by a couple homes with a significant number of days on market.  In addition, there are currently 11 bank owned properties and 38 short sales, primarily at the the lower price points.

Next, we want to looking a pending homes in Queen Anne.  There are currently 16 homes "pending inspection", with an average price of $890,497 at 156 days on market.  Thes are Queen Anne homes that are currently under contract and are going through the inspection process.  With regards to those homes in the "pending" status, the average price is $800,009, with an average days on market of 61.  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 homes in Queen Anne that are priced well are seeing offers in an average of 30 days.

Finally, there were 4 homes in Queen Anne that closed last week, at an average selling price of $641,000.  These homes closed at 100.2% of their asking price in an average of 31 days.  This price point appears to be a hot comodity in the Queen Anne area right now and homes that are priced well are selling quickly.  Taking into account an average of 30 days to close, these homes are being put under contract within 30 days and would appear to have multiple offers.

The Cascade Team Real Estate

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