QUEEN ANNE UPDATE TimLenihanHomes.com
FEBRUARY 2015
UPCOMING EVENTS
ARE YOU INTERESTED IN NEW CONSTRUCTION?
Seattle Bike Show February 28th - March 1st SeattleBikeShow.com
People often ask us for recommendations on contractors and builders to help them with building or remodeling houses. We do a lot with both builders and remodeling companies. If you
Dog Show March 7th - 8th SeattleDogShow.org
are looking for a new construction house or thinking of remodeling your own home, let us know and we can provide you with some helpful information!
Below is a recent project we just sold for one of our builders!
Saint Patrick’s Parade March 14th IrishClub.org St. Patrick’s Run March 15th StPatsDash.com Comic Book Convention March 27th - 29th EmeraldCityComicon.com
LET US HELP YOU SELL YOUR HOME! 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 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 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
HOLY MOUNTAIN BREWING GRAND OPENING Queen Anne gets yet another brewery! Holy Mountain Brewing, located at 1421 Elliott Ave W, had it’s grand opening on Friday, January 23rd and was accompanied by Skillet Street Food. They have a large variety of Holy Mountain beer on tap, as well as two nitro taps. 32oz growlers of Kiln & Cone (their house pale ale) will be available in prefilled growlers. Select beers are available for on-demand growler fills. For more information visit their site at blog.holymountainbrewing.com 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 (98109) is $994,500 which is a 28.2% increase from last July! The inventory of properties listed for sale has been decreasing lately, and with the days-on-market climbing, these are relatively negative implications for the market, but this is a normal trend for the housing market this time of year.
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s favor, we can expect prices to level off very soon. If the sales trend continues it’s very likely that prices could begin to climb.
QUEEN ANNE MARKET SNAP SHOT Price Per Square Foot
Home prices rose slightly in the first week of January, but the price per square foot of homes has decreased since October. This can often be
attributed to new and remodeled homes on the market. Prices in the area are trending higher, but buyers are getting more for their money.
Real-Time Market Profile Median List Price
$ 994,500
Asking Price Per Square Foot
$ 390
Average Days on Market (DOM)
308
Inventory of Properties Listed
9
Most Expensive Listing
$ 5,450,000
Least Expensive Listing Average Age of Listing
Inventory has been falling in recent weeks, but if you look to the data, the inventory relevtivley matches what
the inventory was about a year ago around this time.
70
Percent of Properties with Price Decrease
44 %
Median House Size (sq ft)
3100
Median Lot Size
Inventory of Properties Listed for Sale
$ 495,000
not available
Median Number of Bedrooms
3.5
Median Number of Bathrooms
3.0
Research Value Statistics Market Action Index (In the Seller’s Advantage Zone) 52.5 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.
TIM LENIHAN
I think the key to hiring a real estate agent is having an agent who lives, breathes and loves the area you live in. My wife and I moved to Queen Anne because we loved the schools, the restaurants, the parks, the people, and all that Queen
Anne has to offer. We take pride in being good neighbors and helping build our little community up here on the Hill. You will often see us walking the streets with our two boys. Say “Hi” if you see us!
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Sincerely, your neighbor and your local realtor,
Facebook.com/QueenAnneUpdate
Tim Lenihan Windermere Real Estate Co.
QueenAnneUpdate.tumblr.com
TimLenihanHomes.com
FEBRUARY 2015
QUEEN ANNE HOUSES SOLD IN JANUARY 2015 ADDRESS
PRICE
SQUARE FEET
BED
BATH
620 W Howe St
$2,630,000
5,540
6
4.75
116 Prospect St
$1,775,000
3,730
5
3.25
2550 1st Ave N
$988,000
2,765
3
1.75
315 Newton St
$931,000
2,660
3
2.5
2218 Warren Ave N
$805,000
2,430
3
1.5
300 W Halladay St
$795,000
2,858
3
3.25
1925 5th Ave W
$716,000
1,420
3
1.75
564 McGraw St
$675,000
1,686
3
3.25
2005 Nob Hill Ave N
$658,000
2,280
3
1.5
2216 11th Ave W
$640,000
2,150
4
1.75
1217 W Bothwell St
$620,000
2,140
3
1.75
3811 12th Ave W #B
$609,850
1,910
3
2.75
1002 W Galer St
$605,000
2,200
4
3.5
2560 14th Ave W #B
$599,950
1,700
2
2.25
206 Hayes St
$563,000
2,150
4
1.75
305 Blaine St
$550,000
1,520
3
1.75
3018 4th Ave W
$509,000
1,630
3
1.75
1706 Dexter Ave N
$430,000
1,260
2
1.75
If you are interested in discussing your property, please give us a call! Direct (206) 280-5859 Fax (206) 526-7614 TimLenihanHomes.com Windermere Real Estate Co 5424 Sand Point Way NE Seattle, WA 98105 If you are already working with an agent, this is not meant as a solicitation for that business.
TimLenihanHomes.com
TimLenihan@windermere.com