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As Seattelites know, each neighborhood in Seattle is unique. Talking about the overall Seattle market doesn't really provide all that much information. What home buyers and sellers really need in mircro market data. Information about specific neighborhoods that will help them make decisions.

Today I thought I would give you a snapshot of the Queen Anne neighborhood. Queen Anne is one of the most popular and conveniently located neighborhoods in Seattle. For those reasons, it is also one of the most highly sought after locations for homes in Seattle. Here is a glimpse of what is going on in Queen Anne real estate.

For Sale

Single family Queen Anne homes Currently for sale: 156

Price Range $279,000-$4,600,00

Median Home Price: $649,500

Average Days on Market for Queen Anne homes currently for sale: 102

Pending

Pending in the last 30 days: 25

Price Range: $180,000 - $975,000

Median Price: $739,950

Average Days on Market for Queen Anne pending homes: 113

Sold

Sold in the past 30 days: 12

Price Range: $ 169,000

Median Home Price: $468,000

Average Days on Market: 97

Some interesting numbers for Queen Anne. First of all the obvious. There are a lot more homes for sale ten are moving. Currently Queen Anne is looking at more then 6 months of inventory on the books. That translates to a weak buyer's market.

The more expensive the home the longer it is taking to sell. There are a lot more bargain hunters out there who are looking at the current economic climate as an opportunity to move into great neighborhoods like Queen Anne. While there are a lot fewer people who are able to sell their current home to upgrade.

Three plus months to sell the home on average is longer then we are used to seeing, especially in neighborhoods like Queen Anne. Still it isn't out of line with other similar neighborhoods in Seattle.

The bottom line is that it is still a difficult market out there. Homes are taking longer to sell and are getting less of a premium then in past years. Things should get a little slower this winter as well. A great opportunity I think for buyers, but a difficult task for sellers.

To see all the homes currently for sale in Queen Anne, visit our Queen Anne Homes for Sale page

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