OCTOBER 2014QUEEN ANNE UPDATE

TimLenihanHomes.com

TimLenihanHomes.com

If you are interested in discussing your property, please give us a call at (206) 280-5859.If you are already working with an agent, this is not meant as a solicitation for that business.

TimLenihan@windermere.com

QUEEN ANNE HOUSES SOLD IN SEPTEMBER - OCTOBER

ADDRESS PRICE SQUARE FEET BED BATH

2020 14th Ave W $370,000 1,027 2 1.5806 W Argand St $460,000 1,400 4 1.753804 13th Ave W $497,000 2,060 4 3.5920 2nd Ave W #C $579,000 1,280 3 1.51818 11th Ave W #A $580,000 1,430 3 2.51927 9th Ave W #A $590,000 1,290 3 2.53413 10th Ave W $595,000 1,700 2 1.5569 Ward Place $600,000 1,790 3 2.52525 2nd Ave W $608,000 1,980 2 12459 1st Ave W $610,000 1,670 3 1.5321 W Garfield St $614,950 2,050 3 12460 Birch Ave N $620,000 1,812 4 2.562 W Etruria St $625,000 1,796 3 3535 Howe St $650,000 1,386 2 2425 Halladay St $655,000 1,490 3 11829 Taylor Ave $680,000 1,492 2 22626 Mayfair Ave N $682,000 2,860 5 2.75531 Howe St $700,000 1,501 2 22509 Nob Hill Ave N $710,000 1,880 3 1.75934 2nd W $779,000 1,580 3 2.52541 8th Ave W $808,250 1,750 4 21903 Nob Hill Ave N $825,000 2,010 3 1.751935 4th Ave W $850,000 1,950 3 2.25208 Blaine St $885,000 2,990 3 21806 3rd Ave N $925,000 2,400 3 1.5902 W Lee St $1,385,000 2,810 4 32527 3rd Ave N $1,402,000 3,855 5 3.51220 Warren Ave N $2,900,000 4,580 4 3.5

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Ice BoxIce Box is a well located urban deli cafe with grocery in desirable Queen Anne location. The cafe serves breakfast and lunch with high quality fresh sandwiches, soups, salads, baked goods, beer and wine. Ice Box is an upscale grocery/retail store, also sells fine wines and beer. It has recently been remodeled with hardwood floors, heating and air conditioning and includes patio seating, and storage area. Come try out Icebox located at 1903 10th Ave W, Seattle, WA. We hope to see you there!

TimLenihan@windermere.com Direct (206) 280-5859

UPCOMING EVENTS

Seattle Earshot Jazz FestivalOct. 9th - Nov. 11th

Earshot.org

Comedy competitionNov. 5th - 30th

Seattlecomedycompetition.org

Beer tastingNov. 8th Phinneycenter.org/beer

Ski and snowboard saleNov. 14th - 16th

Skidazzle.com/seattleAegis LivingAegis Living is planning to open an assisted living residence by the summer of 2015 at 2900 3rd Avenue West in Queen Anne. The new building will showcase large community staircases, outdoor gardens and a roof terrace for both the assisted living and memory care residents. A second assisted living home is also in the works for the following summer which will be situated on the north end of Rodgers Park, next to playgrounds, picnic areas and athletic fields.

Beer HallWhat was once the Cotton Caboodle Outlet, at 203 W. Thomas Street on Lower Queen Anne, will soon be occupied by a beer hall with a beer garden. It will be surrounded by new apartments and companies like Omeros Corporation, Big Fish Games, and Classmates. Seattle developer, Scott Shapiro, imagines the beer hall being alongside new restaurants and retail shops. The Queen Anne Beer Hall is anticipated to open in late spring or early summer of 2015.

COMING TO QUEEN ANNE

FEATURED BUSINESS

Hommage opens on Nickerson StreetHommage, formerly known as Book Bindery, reopened on October 1st at 198 Nickerson Street on Queen Anne. Book Bindery had opened the summer of 2010, but after chef Shaun McCrain parted ways Book Bindery began to revamp its presence and look by

remodeling the restaurants’ dining area and taking on new chef, Nico Borzee. Borzee brings a new menu with popular dishes that include monkfish glazed in veal, monkfish bone jus and cold-smoked salmon.

If you are interested in buying or selling your property, or have questions about the market here in Queen Anne

please give us a call at (206) 280-5859.

TIM LENIHANI think the key to hiring a real estate agent is having an agent who lives, breathes and loves the area you live in. My wife and I moved to Queen Anne because we loved the schools, the restaurants, the parks, the people,

and all that Queen Anne has to offer. We take pride in being good neighbors and helping build our little community up here on the Hill. You will often see us walking the streets with our two boys. Say “Hi” if you see us! Wishing you a great Fall!

Sincerely, your neighbor and your local realtor, Tim LenihanWindermere Realestate Co.

Real-Time Market ProfileMedian List Price $ 749,000

Average List Price $ 1,797,887

Asking Price Per Square Foot $ 350

Average Days on Market (DOM) 90

Inventory of Properties Listed 27

Most Expensive Listing $ 11,888,000

Least Expensive Listing $ 349,000

Average Age of Listing 68

Percent of Properties with Price Decrease 41 %

Median House Size (sq ft) 2060

Median Lot Size 2315 sqft

Median Number of Bedrooms 3.0

Median Number of Bathrooms 2.0

Research Value StatisticsMarket Action Index (In the Seller’s Advantage Zone) 52.9

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller’s advantage. Below 30, conditions give the advantage to the buyer.

The median price of homes in the Queen Anne neighborhood in September was $749,000. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

The market has been cooling off a bit in recent weeks as it usually does around this time of year. More homes are available and demand is less. We’re already seeing prices move lower as a result of that.

TimLenihanHomes.com OCTOBER 2014

Kyle Bergquist Reports

Neighborhood DetailSEATTLE, WA 98119

Monday September 22, 2014

Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.

90-day Average7-day Average

Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

90-day Average7-day Average

Page 9 of 11

Single Family Homes in

QUEEN ANNE MARKET SNAP SHOTPrice Per Square FootThe price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are becoming more available and buyers are tending to get more home for their money.

Kyle Bergquist Reports

Neighborhood DetailSEATTLE, WA 98119

Monday September 22, 2014

Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.

90-day Average7-day Average

Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

90-day Average7-day Average

Page 9 of 11

Single Family Homes in

Inventory of PropertyInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

MARKET OVERVIEW

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Windermere Real Estate Co 5424 Sand Point Way NE

Seattle, WA 98105

Direct (206) 280-5859Fax (206) 526-7614