FEBRUARY 2015QUEEN ANNE UPDATE

TimLenihanHomes.com

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

UPCOMING EVENTSSeattle Bike ShowFebruary 28th - March 1st

SeattleBikeShow.com

Dog ShowMarch 7th - 8th

SeattleDogShow.org

Saint Patrick’s ParadeMarch 14th

IrishClub.org

St. Patrick’s Run March 15th

StPatsDash.com

Comic Book ConventionMarch 27th - 29th

EmeraldCityComicon.com

LET US HELP YOU SELL YOUR HOME!Internet & Email Marketing•CustomDesignedWebsite•CustomFacebookPage• PhotoGallery•CustomTailoredInternetMailing• ListingSyndicationToCraigslist,Trulia,Yahoo,Etc.

•MarketingToBuyersSpecificallyLookingForAHomeLikeYours

Print Marketing• ProfessionalPhotography•Double-SidedHigh-GlossFlyers•OpenHouseInvitationsSentOutWeeklyToTheNeighborhood

•CustomTargetBuyer-SpecificPostcards

• SilentTalkersShowcasingSpecificFeaturesAboutYourHome

•BuyersPackets•Neighborhood/HomeNotebook• ProfessionalFloorPlans&PhotoTour

Additional Marketing Strategies• ReverseMarketing&Prospecting• PrivateInvitationsToTopAgentsWhoHaveRecentlyRepresentedAClientInTheArea

•DirectMarketingToLocalBusinessesIfyouareinterestedinbuyingorsellingyourproperty,orhavequestionsaboutthemarkethereinQueenAnnepleasegiveusacallat(206)280-5859.

HOLY MOUNTAIN BREWING GRAND OPENINGQueenAnnegetsyetanotherbrewery!HolyMountainBrewing,locatedat1421ElliottAveW,hadit’sgrandopeningonFriday,January23rdandwasaccompaniedbySkilletStreetFood.

TheyhavealargevarietyofHolyMountainbeerontap,aswellastwonitrotaps.32ozgrowlersofKiln&Cone(theirhousepaleale)willbeavailableinprefilledgrowlers.Selectbeersareavailableforon-demandgrowlerfills.

Formoreinformationvisittheirsiteatblog.holymountainbrewing.com

ARE YOU INTERESTED IN NEW CONSTRUCTION?Peopleoftenaskusforrecommendationsoncontractorsandbuilderstohelpthemwithbuildingorremodelinghouses.Wedoalotwithbothbuildersandremodelingcompanies.Ifyou

arelookingforanewconstructionhouseorthinkingofremodelingyourownhome,letusknowandwecanprovideyouwithsomehelpfulinformation!

Below is a recent project we just sold for one of our builders!

Real-Time Market Profile

MedianListPrice $994,500

AskingPricePerSquareFoot $390

AverageDaysonMarket(DOM) 308

InventoryofPropertiesListed 9

MostExpensiveListing $5,450,000

LeastExpensiveListing $495,000

AverageAgeofListing 70

PercentofPropertieswithPriceDecrease 44%

MedianHouseSize(sqft) 3100

MedianLotSize notavailable

MedianNumberofBedrooms 3.5

MedianNumberofBathrooms 3.0

Research Value Statistics

Market Action Index (IntheSeller’sAdvantageZone) 52.5

TheMarketActionIndexanswersthequestion“How’stheMarket?”bymeasuringthecurrentrateofsaleversustheamountoftheinventory.Indexabove30impliesaseller’sadvantage.Below30,conditionsgivetheadvantagetothebuyer.

ThemedianlistpriceinQueenAnne(98109)is$994,500whichisa28.2%increasefromlastJuly!Theinventoryofpropertieslistedforsalehasbeendecreasinglately,andwiththedays-on-marketclimbing,thesearerelativelynegativeimplicationsforthemarket,butthisisanormaltrendforthehousingmarketthistimeofyear.

Homesaleshavebeenexceedingnewinventoryforseveralweeks.Howeverpriceshavenotyetstoppedfalling.SincethemarketisalreadyintheSeller’sfavor,wecanexpectpricestoleveloffverysoon.Ifthesalestrendcontinuesit’sverylikelythatpricescouldbegintoclimb.

FEBRUARY 2015

MARKET OVERVIEW

Facebook.com/QueenAnneUpdate

QueenAnneUpdate.tumblr.com

KEEP UP TO DATE WITH QUEEN ANNE UPDATE

TimLenihanHomes.com

QUEEN ANNE MARKET SNAP SHOTPrice Per Square FootHomepricesroseslightlyinthefirstweekofJanuary,butthepricepersquarefootofhomeshasdecreasedsinceOctober.Thiscanoftenbe

attributedtonewandremodeledhomesonthemarket.Pricesintheareaaretrendinghigher,butbuyersaregettingmorefortheirmoney.

TIM LENIHANIthinkthekeytohiringarealestateagentishavinganagentwholives,breathesandloves

theareayoulivein.MywifeandImovedtoQueenAnnebecausewelovedtheschools,therestaurants,theparks,thepeople,andallthatQueen

Annehastooffer.WetakeprideinbeinggoodneighborsandhelpingbuildourlittlecommunityuphereontheHill.Youwilloftenseeuswalkingthestreetswithourtwoboys.Say“Hi”ifyouseeus!Sincerely,yourneighborandyourlocalrealtor,TimLenihan-WindermereRealEstateCo.

Inventoryhasbeenfallinginrecentweeks,butifyoulooktothedata,theinventoryrelevtivleymatcheswhat

theinventorywasaboutayearagoaroundthistime.

Inventory of Properties Listed for Sale

TimLenihanHomes.com

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 JANUARY 2015

ADDRESS PRICE SQUARE FEET BED BATH

620 W Howe St $2,630,000 5,540 6 4.75

116 Prospect St $1,775,000 3,730 5 3.25

2550 1st Ave N $988,000 2,765 3 1.75

315 Newton St $931,000 2,660 3 2.5

2218 Warren Ave N $805,000 2,430 3 1.5

300 W Halladay St $795,000 2,858 3 3.25

1925 5th Ave W $716,000 1,420 3 1.75

564 McGraw St $675,000 1,686 3 3.25

2005 Nob Hill Ave N $658,000 2,280 3 1.5

2216 11th Ave W $640,000 2,150 4 1.75

1217 W Bothwell St $620,000 2,140 3 1.75

3811 12th Ave W #B $609,850 1,910 3 2.75

1002 W Galer St $605,000 2,200 4 3.5

2560 14th Ave W #B $599,950 1,700 2 2.25

206 Hayes St $563,000 2,150 4 1.75

305 Blaine St $550,000 1,520 3 1.75

3018 4th Ave W $509,000 1,630 3 1.75

1706 Dexter Ave N $430,000 1,260 2 1.75

If you are interested in discussing your property, please give us a call!Direct (206) 280-5859

Fax (206) 526-7614TimLenihanHomes.com

Windermere Real Estate Co 5424 Sand Point Way NE

Seattle, WA 98105