AUGUST 2014

QUEEN ANNE UPDATE

PRICE PER SQUARE FOOTWhile 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.

Kyle Bergquist Reports

City OverviewSEATTLE, WA

Monday July 21, 2014

Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers can see more home for their money.

90-day Average7-day Average

Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

90-day Average7-day Average

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Single Family Homes in

INVENTORY OF PROPERTIES LISTED FOR SALEInventory 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.

Real-Time Market Profile TrendMedian 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 StatisticsMarket 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.

THIS WEEKThe 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 DEMANDThe 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.

TIM LENIHANI 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

HOUSES SOLD

ADDRESS PRICE SQUARE FEET BED BATH

918 W Howe St $425,000 1,470 2 12004 1st Ave N $485,000 1,540 1 1914 W Howe St $520,000 2,200 4 11928 11th Ave W $525,000 1,730 2 1.752256 12th Ave W $530,000 1,260 2 1806 W Lee $600,000 1,180 2 .752420 Westview Dr W $613,000 1,681 2 22616 Queen Anne Ave N $631,500 1,130 2 13415 9th Ave W $640,000 1,380 3 21604 1st Ave W $665,000 1,960 3 1.5716 W Etruria St $683,500 2,590 3 1.752430 Lorentz Place N $736,000 2,200 3 1.752808 11th Ave W $740,000 2,370 3 1.51923 4th Ave W $782,000 2,090 4 1.5154 Crockett $797,000 2,177 3 2.251004 W Armour St $800,000 2,090 3 2.51816 2nd Ave N $890,000 3,430 3 1.52220 5th Ave N $895,000 2,570 4 2.52326 Bigelow Ave N $933,000 2,707 4 2.5202 W Boston St $937,000 2,860 4 32573 4th Ave W $955,500 2,620 4 2.51701 2nd Ave N $960,000 3,076 4 3.252425 3rd Ave W $989,000 3,830 6 4.251825 7th Ave W $1,020,000 1,670 3 32411 4th Ave N $1,145,000 2,615 3 2.51602 5th Ave N $1,355,000 3,330 4 3.5410 Wheeler St $1,450,000 3,770 4 3.252104 4th Ave W $1,518,634 3,650 4 4.253246 10th Ave W $1,525,000 3,670 4 3.25510 W Prospect St $1,800,000 3,850 4 21323 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) 280-5859Fax (206) 526-7614

TimLenihanHomes.com