QUEEN ANNE UPDATE OCTOBER 2014
TimLenihanHomes.com
QUEEN ANNE HOUSES SOLD IN SEPTEMBER - OCTOBER ADDRESS
PRICE
SQUARE FEET
BED
BATH
$370,000
1,027
2
1.5
$460,000
1,400
4
1.75
$497,000
2,060
4
3.5
$579,000
1,280
3
1.5
$580,000
1,430
3
2.5
$590,000
1,290
3
2.5
$595,000
1,700
2
1.5
$600,000
1,790
3
2.5
$608,000
1,980
2
1
$610,000
1,670
3
1.5
$614,950
2,050
3
1
$620,000
1,812
4
2.5
$625,000
1,796
3
3
$650,000
1,386
2
2
$655,000
1,490
3
1
$680,000
1,492
2
2
$682,000
2,860
5
2.75
531 Howe St
$700,000
1,501
2
2
2509 Nob Hill Ave N
$710,000
1,880
3
1.75
$779,000
1,580
3
2.5
$808,250
1,750
4
2
$825,000
2,010
3
1.75
$850,000
1,950
3
2.25
$885,000
2,990
3
2
$925,000
2,400
3
1.5
$1,385,000
2,810
4
3
$1,402,000
3,855
5
3.5
$2,900,000
4,580
4
3.5
2020 14th Ave W 806 W Argand St
3804 13th Ave W
920 2nd Ave W #C
1818 11th Ave W #A 1927 9th Ave W #A 3413 10th Ave W 569 Ward Place
2525 2nd Ave W 2459 1st Ave W
321 W Garfield St 2460 Birch Ave N 62 W Etruria St 535 Howe St
425 Halladay St
1829 Taylor Ave
2626 Mayfair Ave N
934 2nd W
2541 8th Ave W
1903 Nob Hill Ave N 1935 4th Ave W 208 Blaine St
1806 3rd Ave N 902 W Lee St
2527 3rd Ave N
1220 Warren Ave N
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
UPCOMING EVENTS
COMING TO QUEEN ANNE
Beer Hall
Seattle Earshot Jazz Festival
What was once the Cotton Caboodle Outlet, at 203 W. Thomas Street on Lower Queen Anne, will soon be occupied by a beer hall with a beer garden. It will be surrounded by new apartments and companies like Omeros Corporation, Big Fish Games, and Classmates. Seattle developer, Scott Shapiro, imagines the beer hall being alongside new restaurants and retail shops. The Queen Anne Beer Hall is anticipated to open in late spring or early summer of 2015.
Oct. 9th - Nov. 11th Earshot.org
Comedy competition
Nov. 5th - 30th Seattlecomedycompetition.org
Beer tasting
Nov. 8th Phinneycenter.org/beer
Ski and snowboard sale Nov. 14th - 16th Skidazzle.com/seattle
Aegis Living
Aegis Living is planning to open an assisted living residence by the summer of 2015 at 2900 3rd Avenue West in Queen Anne. The new building will showcase large community staircases, outdoor gardens and a roof terrace for both the assisted living and memory care residents. A second assisted living home is also in the works for the following summer which will be situated on the north end of Rodgers Park, next to playgrounds, picnic areas and athletic fields.
FEATURED BUSINESS
Ice Box
Ice Box is a well located urban deli cafe with grocery in desirable Queen Anne location. The cafe serves breakfast and lunch with high quality fresh sandwiches, soups, salads, baked goods, beer and wine. Ice Box is an upscale grocery/retail store, also sells fine wines and beer. It has recently been remodeled with hardwood floors, heating and air conditioning and includes patio seating, and storage area. Come try out Icebox located at 1903 10th Ave W, Seattle, WA. We hope to see you there!
Hommage opens on Nickerson Street Hommage, formerly known as Book Bindery, reopened on October 1st at 198 Nickerson Street on Queen Anne. Book Bindery had opened the summer of 2010, but after chef Shaun McCrain parted ways Book Bindery began to revamp its presence and look by
remodeling the restaurants’ dining area and taking on new chef, Nico Borzee. Borzee brings a new menu with popular dishes that include monkfish glazed in veal, monkfish bone jus and cold-smoked salmon.
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
Real-Time Market Profile
The median price of homes in the The market has been cooling off a Median List Price Queen Anne neighborhood in bit in recent weeks as it usually does September was $749,000. Inventory around this time of year. More homes Average List Price and days-on-market are both are available and demand is less.Family Homes Single in Neighborhood DetailWe’re already seeing prices move trending higher recently. However, Kyle Bergquist Reports Asking Price Per SEATTLE, WA 98119 the improving Market Action Index lower as a result of that. Square Foot implies some increased demand will Single Family Homes in Neighborhood temper the negative trends. Detail Average Days on Kyle Bergquist Reports Price per Square Foot SEATTLE, WA 98119 Market (DOM)
QUEEN ANNE MARKET SNAP SHOT
$ 749,000 $ 1,797,887 $ 350 90
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
Inventory of Properties Listed
While have beensquare basically flat, pricebeen per square foot has been heading downward. a sign of of broad strength Theprices price per footthehas heading downward. WhileWhile not not a sign broad in a market, larger homes are coming more available and buyers are tending to get more home for their money.
Most Expensive Listing $ 11,888,000
Price per Square Foot Price Per Square Foot
strength in a market, larger homes are becoming more available and buyers are tending to get more home for their money.
Least Expensive Listing
$ 349,000
Average Age of Listing
7-day Average
90-day Average
Inventory of Properties for Sale 7-dayListed Average 90-day Average Inventory of Property
Inventory has been climbing Note thatlately. rising inventory not signal a weakening market. Looknot to the Market Inventory has beenlately. climbing Note alone that does rising inventory alone does Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
signal a weakening market. Look to the Market Action Index and Days on Market Inventory of Properties Listed for Sale trends to gauge whether buyer interest is keeping up with available supply.
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
27
68
Percent of Properties with Price Decrease
41 %
Median House Size (sq ft)
2060
Median Lot Size
2315 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Research Value Statistics Market Action Index (In the Seller’s Advantage Zone) 52.9 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
7-day Average
90-day Average
7-day Average
90-day Average
and all that Queen Anne has to offer. We take pride in being good Monday September 22, and 2014helping build our little neighbors community up here on the Hill. You will often see us walking the streets with our22, two boys. Say “Hi” if you see Monday September 2014 us! Wishing you a great Fall!
I think the key to hiring a real estate agent is having an agent who lives, Page 9 of 11 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, Page 9 of 11
Sincerely, your neighbor and your local realtor, Tim Lenihan Windermere Realestate Co.
TimLenihanHomes.com
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OCTOBER 2014
Windermere Real Estate Co 5424 Sand Point Way NE Seattle, WA 98105 Direct (206) 280-5859 Fax (206) 526-7614