QUEEN
E T A D P U ANNE
14 0 2 T S U AUG
Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a PER market, larger homes are coming more available and buyers can see more home for their money. PRICE SQUARE FOOT
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 can see more home for their money.
7-day Average
90-day Average
Inventory of Properties Listed for Sale
INVENTORY OF PROPERTIES LISTED FOR SALE Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
Page 4 of 11
90-day Average
Monday July 21, 2014
TIM LENIHAN I think the key towards 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! Wishing you a great summer! Sincerely, your neighbor and your local realtor, -Tim Lenihan THIS WEEK The median list price in SEATTLE, WA 98119 this week is $799,000. The 15 properties have been on the market for an average of 103 days. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. SUPPLY AND DEMAND The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
Trend
Median List Price
$ 469,950
Average List Price
$ 735,596
Asking Price Per Square Foot
$ 236
Average Days on Market (DoM)
66
Inventory of Properties Listed
1453
Most Expensive Listing
$ 9,950,000
Least Expensive Listing
$ 97,500
Average Age of Listing
56
Percent of Properties with Price Decrease
33 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
4%
Median House Size (sq ft)
2180
Median Lot Size
4,501 - 6,500 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics Market Action
Index Strong Seller’s
52.2
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.
HOUSES SOLD ADDRESS
PRICE
SQUARE FEET
BED
BATH
918 W Howe St
$425,000
1,470
2
1
2004 1st Ave N
$485,000
1,540
1
1
914 W Howe St
$520,000
2,200
4
1
1928 11th Ave W
$525,000
1,730
2
1.75
2256 12th Ave W
$530,000
1,260
2
1
806 W Lee
$600,000
1,180
2
.75
2420 Westview Dr W
$613,000
1,681
2
2
2616 Queen Anne Ave N
$631,500
1,130
2
1
3415 9th Ave W
$640,000
1,380
3
2
1604 1st Ave W
$665,000
1,960
3
1.5
716 W Etruria St
$683,500
2,590
3
1.75
2430 Lorentz Place N
$736,000
2,200
3
1.75
2808 11th Ave W
$740,000
2,370
3
1.5
1923 4th Ave W
$782,000
2,090
4
1.5
154 Crockett
$797,000
2,177
3
2.25
1004 W Armour St
$800,000
2,090
3
2.5
1816 2nd Ave N
$890,000
3,430
3
1.5
2220 5th Ave N
$895,000
2,570
4
2.5
2326 Bigelow Ave N
$933,000
2,707
4
2.5
202 W Boston St
$937,000
2,860
4
3
2573 4th Ave W
$955,500
2,620
4
2.5
1701 2nd Ave N
$960,000
3,076
4
3.25
2425 3rd Ave W
$989,000
3,830
6
4.25
1825 7th Ave W
$1,020,000
1,670
3
3
2411 4th Ave N
$1,145,000
2,615
3
2.5
1602 5th Ave N
$1,355,000
3,330
4
3.5
410 Wheeler St
$1,450,000
3,770
4
3.25
2104 4th Ave W
$1,518,634
3,650
4
4.25
3246 10th Ave W
$1,525,000
3,670
4
3.25
510 W Prospect St
$1,800,000
3,850
4
2
1323 Willard Ave W
$2,300,000
5,290
5
4.75
Windermere Real Estate Co 5424 Sand Point Way NE Seattle, WA 98105 Direct (206) 280-5859 Fax (206) 526-7614 TimLenihanHomes.com