West Queen Anne Home Appreciation

In the Seattle, Washington neighborhood of West Queen Anne (zip code 98109) home values have appreciated 3.5% since 2004. Below is graph that compares the median home value for the first six months of each year since 2004.

Queen Anne and Magnolia Residentual Home Values

Queen Anne and Magnolia home values are trending up from the low in March of this year. In July the median home value was $548,000 and the average was $655,035, which is an increase of 17% and 24% from March. However, it is a decrease of 10% and 1% from July of 2010.

The number of homes sold is up significantly from the February. While the number of pending sales is showing signs of declining which is typical for this time year.

Queen Anne and Magnolia Home Values

From January to May home values in the Seattle neighborhoods of Queen Anne and Magnolia have been slowly increasing. However when comparing May of 2010 to May of 2011 both the median and average home price is off by 15%. So far 2011 has been a tough year on home prices in Queen Anne and Magnolia.

The number of pending and closed homes sales were strong in May with 57 homes pending and 51 homes closed.

Homes Sold in Central and Northwest Seattle October 2008

October 2008 continues to be tough for the real estate market in Seattle Washington. The non-stop negative news with the economy is having a heavy effect on the attitudes of Buyers.


Queen Anne
24 single family homes sold on Queen Anne in October which was a nice improvement from the 16 that sold last month . 41.7% were sold within 30 days at 97.2% of the listing price.
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Magnolia
15 single family homes sold in Magnolia in October, which is up from 8 that sold last month. 26.7% were sold within 30 days at 100% of the listing price.
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Ballard (Zip Code 98107)
17 single family homes sold in Ballard in October, which is down from 24 last month. 29.4% were sold withing 30 days at 97.3% of the listing price.
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North Ballard (Zip Code 98117 including Loyal Heights, Olympic Manor, North Beach...)
35 single family homes sold in north Ballard in October, which is consistent with the 34 homes that sold last month. 48.6% were sold within 30 days at 98.9% of the listing price.
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Green Lake, Phinney Ridge, Wallingford (Zip Code 98103)
27 single family homes sold in the greater Green Lake/Wallingford area in October. 55.6% were sold within 30 days at 98.9% of the listing price.
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Homes Sold in Central and Northwest Seattle WA September 2008

September 2008 turned out to be a tough month. With the issues that buyers are having obtaining loans due to the credit crunch it is no surprise.

Queen Anne
16 single family homes sold on Queen Anne in September. 31.3% were sold within 30 days at 96.2% of the listing price.
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Magnolia
Only 8 single family homes sold in Magnolia in September. 50% were sold within 30 days at 99.2% of the listing price.
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Ballard
22 single family homes sold in Ballard in September. 36.4% were sold withing 30 days at 100.3% of the listing price.
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North Ballard (Loyal Heights, Olympic Manor, North Beach...)
34 single family homes sold in north Ballard in September. 44.1% were sold within 30 days at 98.9% of the listing price.
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Green Lake/Phinney Ridge
26 single family homes sold in the greater Green Lake/Phinney Ridge area in September. 42.3% were sold within 30 days at 99% of the listing price.
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Fremont/Wallingford
16 single family homes sold in the greater Fremont/Wallingford area in September. 43.7% were sold withing 30 days at 98.7% of the listing price.
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Homes Sold in Central and Northwest Seattle Washington

Queen Anne
16 single family homes sold on Queen Anne in August. Only 12.5% were sold within 30 days at 96.9% of the listing price.
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Magnolia
15 single family homes sold in Magnolia in August. Only 20% were sold within 30 days at 99.1% of the listing price.
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Ballard
15 single family homes sold in Ballard in August. 40% were sold withing 30 days at 99.8% of the listing price.
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North Ballard (Loyal Heights, Olympic Manor, North Beach...)
51 single family homes sold in north Ballard in August. This area was hot! 45.1% were sold within 30 days at 99.3% of the listing price.
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Green Lake/Phinney Ridge
30 single family homes sold in the greater Green Lake/Phinney Ridge area in August. 66.7% were sold within 30 days at 97.8% of the listing price.
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Fremont/Wallingford
20 single family homes sold in the greater Fremont/Wallingford area in July. 45% were sold withing 30 days at 99.2% of the listing price.
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Sold Homes in Central and Northwest Seattle July 2008

This month I have condensed my postings for Sold Homes in Central and Northwest Seattle. Let me know if you like or dislike the new layout.

Queen Anne
15 single family homes sold on Queen Anne in July. A little less than half were sold within 30 days at 99.6% of the listing price.
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Magnolia
18 single family homes sold in Magnolia in July. Exactly half were sold within 30 days at 95.3% of the listing price.
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Ballard
24 single family homes sold in Ballard in July. Only 37.5% were sold withing 30 days at 99.7% of the listing price.
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North Ballard (Loyal Heights, Olympic Manor, North Beach...)
37 single family homes sold in north Ballard in July. 64.9% were sold within 30 days at 99.1% of the listing price.
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Green Lake/Phinney Ridge
40 single family homes sold in the greater Green Lake/Phinney Ridge area in July. 47.5% were sold within 30 days at 98% of the listing price.
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Fremont/Wallingford
38 single family homes sold in the greater Fremont/Wallingford area in July. 42.1% were sold withing 30 days at 100.3% of the listing price.
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Seattle Real Estate Market Review

For the greater Queen Anne, Magnolia, Ballard, and Greenlake areas home appreciation slowed for the month of June 2007, and when comparing June of 2007 to 2006 there where also fewer sales. A total of 274 in comparison to 316, a drop of 13%.

The average home appreciated 3.7% and the median home appreciated 3.1%, which is much less than what has been seen for some time. Buyers are still snatching up well priced homes though. Homes that sold within the first 30 days, were purchased for 101% of the listing price (% sp/lp), but homes that sold between 31 to 60 days were purchased for 97.89% (% sp/lp). A difference of just over 3%.

April was a hot month with the average home selling for 16% and the median selling for 11%more than in 2006. May was also a good month with an average of 10% and a median of 7%.

Typically the first 6 months of the year are the strongest and the market maybe beginning to slow for the year because the first 15 days of July look to be continuing June's trend.

Real Estate Market Review

March 2007

For the greater Queen Anne, Magnolia, Ballard, and Greenlake areas March of 2007 beat 2006! More homes sold plus the average sales price divided by listing price (avg % sp/lp) is up about 1% from 101% in February to 102.5%. The market has heated up!

Sellers as I've mentioned before, homes that are not priced right take longer to sell and typically sell for less. Choose your asking price wisly. In March homes that sold within the first 30 days sold for 102.5% (avg % sp/lp) compared to homes that sold from 31 to 60 days sold for 98.66% (avg % sp/lp). A differance of almost 4% is nothing to sneeze at.

Appreciation continues to look good. When comparing the month of March in 2007 to 2006, the average home appreciated 8.4% and the median home appreciated 9.5%.

Buyers, be ready to move when you find the home that fits your criteria. The market is hot so expect multiple offers and escilation clauses for the gem properties.

Coming soon, the list of homes sold in zip codes 98119, 98199, 98107, 98117, and 98103 for March 2007.