Below I’ve put together a ‘Live Market Report” that covers the entire Queen Anne/Magnolia Area Real Estate Market. The cool thing is, I never have to touch this once I embed it on my site!
These graphs will illustrate the Queen Anne/Magnolia Real Estate market highlighting 6 different reports:
- Median & Average Sales Price
- Number of New Listings
- How Many Homes Are For Sale
- Pending Sales
- Closed Sales
- And Percentage of Listing Price to Sales Price
There are also reports on price per square footage and dollar volume however those I’ve elected to forgo simply due to their relevance or lack there of to the more vital information that my clients really want!
Sales Price (Average)
As you can see, in January of 2016, the average house price in the Queen Anne/Magnolia Real Estate Market was just a tick above $700,000. In the year over year graph below, the current average sales price (at the time of this post) has risen 14.5% to $866,131.
Sales Price (Median)
The true definition of the difference between Average and Median is simply the average, is defined as the sum of the numbers divided by how many there are. If the data is perfectly symmetric the mean tells you the point of symmetry, and in this case it is true that 50% of the data is smaller and 50% (very close in each case, if not exactly the case) is larger.
The median (informally referred to as the “halfway point”) is the number that will, approximately, divide the data in half. Its calculation is a counting process: arrange the data into increasing order, then locate the spot that is “halfway” from the smallest to the largest.
As you can see below, since January 2016, the median sales price in the Queen Anne/Magnolia Real Estate market was $600,000. and the year over year information now has it currently at $747,225 which is an increase of 16.9%!
The new listing graph is used to illustrate mainly the year over year cycle. In January of 2016 there were 1,434 and besides a small dip in May of 20126, has experienced a steady rise.
Homes For Sale
This graph truly tells the story of why we remain on a Sellers Market. Given the number of buyers in the market, you can clearly see the enormous difference between supply and demand illustrated here.
The pending sales numbers also tell the real story as seen in this graph. In January of 2016, the pending sales were at 1,243 and steadily moving up.
As you can well imagine, closed sales will closely reflect pending sales in a market as hot as this. In January of 2016, 1,257 homes closed and that number saw a decline July low of 1,175 and began a steady rise since.
Listing Price to Sales Price (Average)
Kinda says it all right there!
Now, when you hear the droning of real estate brokers about how hot the market is and now is a great time to sell…well, here’s the proof! Not only that, these graphs will continue to populate data so you can come back any time you like to get the most up to date statistical information about the Queen Anne/Magnolia Real Estate market.