The condo market in Seattle remains strong and condo values on Queen Anne are climbing fast.
STUDIOS: The average Studio Condo on Queen Anne Hill sold for $346,000 and the median value is $324,000. The average studio condo is 524 SF and sells at $679 per square foot in 8 days.
1 BEDROOMS: One bedroom condos on Queen Anne sold for $391,000 and the median value is $380,000. The average size of a 1 bedroom condo is 681 SF and sells at $578 per SF in 13 days.
2 BEDROOMS: Two bedroom condos on Queen Anne sold for an average of $578,000 and a median price of $563,000. The average size is 1108 SF and sells for $524 per SF in 19 days.
The average list price to sales price in the Queen Anne condo market is a whopping 106%!
The median sales price for condos in the Queen Anne Zip Codes is up 15.5% from 12 months ago in 98109 and 98119. Seattle is up 14.4% for all property types year over year.
Inventory is still very short, down 20% in active listings from 1 year ago to a 0.76 month supply. A six month supply of homes is considered balanced.