QUEEN ANNE UPDATE DECEMBER 2014
TimLenihanHomes.com
QUEEN ANNE HOUSES SOLD IN NOVEMBER ADDRESS
PRICE
SQUARE FEET
BED
BATH
814 W Argand St #A
$365,000
954
3
1.5
2609 3rd Ave N
$410,500
1,110
2
1
2042 14th Ave W #C
$455,000
1,520
3
2.25
1215 Aurora Ave N
$495,000
1,650
3
2.5
2517 2nd Ave W
$575,000
2,860
3
2.5
3020 11 Ave W
$606,400
2,480
4
2
3020 14th Ave W #B
$608,000
1,760
3
2.5
2560 14th Ave W #E
$639,950
1,700
2
2.25
1928 10th Ave W
$655,000
1,710
3
1.75
2568 5th Ave N
$710,000
2,000
4
2.75
119 W Kinnear Place
$727,000
1,580
3
2
2722 Nob Hill Ave N
$740,000
2,420
4
3.25
1922 9th Ave W
$746,000
2,350
3
1.75
2131 4th Ave W
$800,000
2,460
3
1.75
2551 2nd Ave W
$815,000
2,950
4
1.75
315 W Galer #103
$840,000
1,854
2
2.5
2115 8th Ave W
$870,000
1,920
4
1.75
812 W Barrett St
$879,000
3,030
3
3
2003 4th Ave N
$1,169,000
4,170
5
4.25
507 W Olympic Place #A
$1,240,000
2,660
3
2.5
1811 5th Ave W
$1,430,000
3,236
5
4.5
217 W Prospect St
$4,750,000
4,787
3
3.75
If you are interested in discussing your property, please give us a call at (206) 280-5859. If you are already working with an agent, this is not meant as a solicitation for that business.
TimLenihanHomes.com
TimLenihan@windermere.com
WHEN IS A GOOD TIME TO SELL IN QUEEN ANNE?
UPCOMING EVENTS New Year’s Day Run Jan. 1st Promotionevents.com/ResoRun Classical Concert Jan. 2nd - 4th Seattlesymphony.org Wedding Show January 10th - 11th Weddingshow.com MLK celebration Jan. 15th Kingcounty.gov/exec/mlk Model trains Jan. 17th - 19th Pacificsciencecenter.org
You’ve made up your mind and want to sell your home, what’s next? It’s now time to gather some information to help you determine when to put it on the market.
Boat Show Jan. 23th - Feb1st Seattleboatshow.com
We will help you by looking at the recent sale prices of comparable homes in your community to establish an accurate listing price and to
WINTERFEST! This year Winterfest community events will be on the weekend of November 29th - 30th. There is fun for the whole family, some of the events that will be going on include:
Sellers tend to put their house on the market in spring due to the number of buyers looking at the time, but you can decide to sell your house at any time! Take a look at the graph above for the seasonal trends year in and year out.
OUR MARKETING SERVICES
Winterfest Ice Rink $7 for adults and $5 for children Festival of Lights Explore the science of seasons and different winter solstice festivals. Nutcracker Pacific Northwest Ballet Performance Indie Game Revolution Learn how a new breed of gamers are leaving their mark on gaming history. Ice Sculpting Award winning artist, Jason Iwakami, carve seasonal sculptures For more events and information on time and dates please visit: Seattlecenter.com/winterfest.
determine how long it may take for your home to sell.
Internet & Email Marketing • Custom Designed Website • Custom Facebook Page • Photo Gallery • Custom Tailored Internet Mailing • Listing Syndication To Craigslist, Trulia, Yahoo, Etc. • Marketing To Buyers Specifically Looking For A Home Like Yours
Additional Marketing Strategies • Reverse Marketing & Prospecting • Private Invitations To Top Agents Who Have Recently Represented A Client In The Area • Direct Marketing To Local Businesses
Print Marketing • Professional Photography • Double-Sided High-Gloss Flyers • Open House Invitations Sent Out Weekly To The Neighborhood • Custom Target Buyer-Specific Postcards • Silent Talkers Showcasing Specific Features About Your Home • Buyers Packets • Neighborhood/Home Notebook • Professional Floor Plans & Photo Tour If you are interested in buying or selling your property, or have questions about the market here in Queen Anne please give us a call at (206) 280-5859.
TimLenihan@windermere.com
Direct (206) 280-5859
MARKET OVERVIEW
The median list price in Queen Anne is $899,495 and the 30 properties have been on the market for an average of 111 days. Inventory has been lightening lately and the market has been cooling off a bit in recent weeks as we head into the winter
months. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. Expect the market to start gaining steam in January as it does every year.
QUEEN ANNE MARKET SNAP SHOT Price Per Square Foot
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they’re doing now, you can often find short-term investment opportunities.
Real-Time Market Profile Median List Price
$ 899,495
Average List Price
$ 1,842,363
Asking Price Per Square Foot
$ 380
Average Days on Market (DOM)
111
Inventory of Properties Listed
30
Most Expensive Listing $ 11,888,000 Least Expensive Listing
$ 509,000
Average Age of Listing Percent of Properties with Price Decrease
40 %
Median House Size (sq ft)
2344
Median Lot Size
HAPPY HOLIDAYS!
61
.25 - .50 acre
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Research Value Statistics
Wow! Can you believe that its already December and just a few weeks away from New Years? What an amazing year with lots to be thankful for. First off, thank you to all of the neighbors here on Queen Anne who have reached out with questions about their house...we love to help! Secondly, the market here in Queen Anne continues to have immense demand and will so as we head into the spring, which is a great problem to have. Lastly, we are equally thankful to call Queen Anne our home for another year. Great neighbors, great friends, and a great sense of community as we head into the holidays. May you have an incredible holiday season and great start to your new year. Wishing you all the best from us here at Tim Lenihan Homes!
Market Action Index (In the Seller’s Advantage Zone) 31.8 The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller’s advantage. Below 30, conditions give the advantage to the buyer.
KEEP UP TO DATE WITH QUEEN ANNE UPDATE
Sincerely, your neighbor and your local realtor,
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Tim Lenihan Windermere Real Estate Co.
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TimLenihanHomes.com
DECEMBER 2014
Windermere Real Estate Co 5424 Sand Point Way NE Seattle, WA 98105 Direct (206) 280-5859 Fax (206) 526-7614