As of August 10th, 2011, five new Queen Anne homes came on the market last week, with an average list price of $722,090.  There are currently 96 Queen Anne homes for sale, at an average selling price of $1,162,657 and average days on market of 106.  There are currently no short sale or bank owned homes in Queen Anne.
Next, we want to looking at pending homes. There are currently 13 homes in Queen Anne at "pending inspection", with an average price of $843,658 at 147 days on market.  This is Queen Anne real estate that is currently under contract and going through the home inspection process. Next we look at Queen Anne homes that are "pending", at an average price of $970,822, with an average days on market of 152.  With some of the lower priced inventory having closed, it would appear that Queen Anne real estate is going under contract at an average of 147 days, which is longer than you would like to see in order to create some price stabilization.
Finally, there were four homes in Queen Anne that closed in the last week, at an average selling price of $550,613; which is down from what we have seen over the last couple of months. These Queen Anne homes did close at 98.32% of their asking price in an average of 5 days, which would suggest they were priced well and in the sweet spot of the current home buyers. In the last 30 days, there have been a total of 26 homes that have sold in Queen Anne. The average of these homes was $689,443 at an average of 57 days on market. Well priced real estate in Queen Anne right now is selling fairly quick, however the upper price points are seeing a prolonged number of days on market. However the homes that attract these buyers are typically in good condition and move in ready for the new Queen Anne home buyer.Â
Posted by The Cascade Team Real Estate on
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