Capitol Hill Real Estate is pretty steady as compared to last year. This July there was 51 sales, the average days on market for a Capitol Hill property was 35 days, and the average sales price was just over $500,000. Comparing this to last July there was 57 sales, the average was 32 days on market, and the average sales price was slightly over $525,000. All the numbers are very similar to the previous year. For example, the above pictured North Capitol Hill home sold twice in the past year and half. Both times the home sold for essentially the same price indicating the market has been relatively steady over that time.
Capitol Hill real estate market has a small sample size so the statistics have to be tempered because a few sales can make a huge difference. Looking at both residential and condo sales in the Central Seattle real estate market (east of I-5 to the lake; south of the Montlake Cut to I-90) the number of sales increased (last July 146 sales vs 153 sales this July) but the average sales price decreased slightly from $650,977 to $644,454.
While numbers were gathered from the Northwest Multiple listing Service; Statistics not compiled or published by the Northwest Multiple Listing Service.
Feel free to contact me if you want a complimentary price opinion of your home: Kristine Losh, Ewing & Clark Real Estate.