Based on Northwest MLS data here is an overview of Magnolia and Queen Anne home market trend. Market supply data is based 4th quarter of 2011 sales. See how many condos & homes sold in certain price range in each neighborhood.

There are 115 homes available in Magnolia and Queen Anne neighborhoods at this time.

Breakdown by price range (bedrooms, baths, and average square feet):

$200,000 – $299,999 – 5 homes: 2 bedrooms; 0.75 & 1 baths; 1,140 sq. feet

Inventory supply 1.7 months (seller’s market)

$300,000 – $399,999 – 6 homes: 2, 3 & 4 bedrooms; 1 – 2.5 baths; 1,805 sq. feet

Inventory supply 1.1 months (seller’s market)

$400,000 – $499,999 – 22 homes: 2, 3 & 4 bedrooms; 1 – 3.5 baths; 1,771 sq. feet

Inventory supply 3.3 months (seller’s market)

$500,000 – $599,999 – 15 homes: 2, 3 & 4 bedrooms; 1 – 3 baths; 2,148 sq. feet

Inventory supply 2.8 months (seller’s market)

$600,000 – $699,999 – 11 homes: 2 – 5 bedrooms; 1.5 – 3.5 baths; 2,629 sq. feet

Inventory supply 3.7 months (seller’s market)

$700,000 – $799,999 – 6 homes: 3 & 4 bedrooms; 2.25, 2.75 & 3.25 baths; 2,437 sq. feet

Inventory supply 2.6 months (seller’s market)

$800,000 – $899,999 – 8 homes: 2, 3 & 4 bedrooms; 1.75 – 3 baths; 2,852 sq. feet

Inventory supply 4.8 months (seller’s market)

$900,000 – $999,999 – 3 homes: 4 & 5 bedrooms; 2.25 & 3.5 baths; 3,626 sq. feet

Inventory supply 4.5 months (seller’s market)

$1,000,000 – $1,999,999 – 27 homes: 3 – 6 bedrooms; 1.75 – 5 baths; 3,976 sq. feet

Inventory supply 16.2 months (buyer’s market)

$2,000,000 – $2,999,999 – 9 homes: 3, 4, 5 & 7 bedrooms; 2.25 – 5.75 baths; 5,789 sq. feet

Inventory supply 9 months (buyer’s market)

$3,000,000 – $3,999,999 – 1 home: 6 bedrooms; 7.25 baths; 7,000 sq. feet

Inventory supply 3 months (seller’s market)

$4,000,000 – $4,999,999 – 2 homes: 4 bedrooms; 3.75 & 5.25 baths; 9,445 sq. feet

Inventory supply unknown: no sales within last 3 months

Based on last 3 months sales the inventory supply is as follows: Magnolia 3.2 months; Queen Anne 4.5 months

37 sales in December 2011 in Magnolia & Queen Anne neighborhoods (see which neighborhood had most sales)

$200,000 – $299,999 – 3 sales: 1 & 2 bedrooms; 1 bath; 780 sq. feet

Sales in Magnolia

$300,000 – $399,999 – 8 sales: 2, 3 & 4 bedrooms; 1 – 2.25 baths; 2,058 sq. feet

Sales by neighborhood: Magnolia – 5 sales; Queen Anne – 3 sales

$400,000 – $499,999 – 4 sales: 3 & 4 bedrooms; 1, 2.25, 2.75 & 3.5 baths; 2,083 sq. feet

Sales by neighborhood: Magnolia – 3 sales; Queen Anne – 1 sale

$500,000 – $599,999 – 5 sales: 2, 3 & 4 bedrooms; 1.75 – 3.5 baths; 2,020 sq. feet

Sales by neighborhood: Magnolia – 3 sales; Queen Anne – 2 sales

$600,000 – $699,999 – 5 sales: 3 & 4 bedrooms; 2, 2.5 & 3 baths; 2,878 sq. feet

Sales in Magnolia

$700,000 – $799,999 – 5 sales: 3, 4 & 5 bedrooms; 2, 2.25, 2.75 & 3.75 baths; 2,686 sq. feet

 Sales by neighborhood: Magnolia – 3 sales; Queen Anne – 2 sales

$800,000 – $899,999 – 3 sales: 4 bedrooms; 2.75, 3.25 & 3.5 baths; 3,170 sq. feet

Sales in Queen Anne

$900,000 – $999,999 – 1 sale: 3 bedrooms; 2.5 baths; 3,450 sq. feet

Sale in Magnolia

$1,000,000 – $1,999,999 – 2 sales: 3 & 4 bedrooms; 2.25 & 3 baths; 3,030 sq. feet

Sales in Queen Anne

$2,000,000 – $2,999,999 – 1 sale: 5 bedrooms; 4.75 baths; 5,700 sq. feet

Sale in Magnolia

24 sales in Magnolia and 13 sales in Queen Anne in December 2011.

Ally’s comment: I am happy to see that in most price ranges it is seller’s market in Queen Anne and Magnolia at this time: from $200,000 to $999,999; and within $3,000,000 – $3,999,999.

Average days on the market in Magnolia – 58; average days on the market in Queen Anne – 80

More information about sales will be provided in a different post.

Information deemed reliable but not guaranteed.

Information and photos posted by Ally Wangsness. Photos and info may not be copied, reproduced and republished without the written permission of Ally Wangsness, Broker, RE/MAX Metro Realty, Inc.

This entry was posted on Friday, January 27th, 2012 at 10:52 pm and is filed under RE information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.