Capitol Hill – Real Estate Report November 2017

The Seattle real estate market remains one of the hottest markets in the nation! The weather may have cooled down but the market is still hot. The desirable neighborhood, Capitol Hill, has shown great growth since November 2016.

Sold by Ewing and Clark in May 2017

The median sales price for a home has gone up from $749,950 to $1,267,500. There was only one more sale than November 2016. The highest price for a home last month was $2,425,000 and the lowest was recorded as $735,000. The average sold price for a residential home in the Capitol Hill/North Capitol Hill area was $1,355,875.

Sold by Ewing and Clark in May 2017

Condominiums have also shown a jump in sales. There was 30 condos sold in the area last month, compared to 22 in November 2016. The median price for a condo in the Capitol Hill area was $527,500. The average sales price increased from $570,814 (11/16) to $699,767 (11/17).

There are currently 24 active listings and 24 pending.

 

Consider The School District When Buying

As you begin your home search, there are plenty of things you already know to factor in the decision: price, neighborhood attributes,  beds and baths, square footage, and proximity to work. But have you considered looking into which school districts are round the neighborhood you’re searching? In Seattle as we know many new homeowners aren’t planning on having children anytime soon or maybe not at all, but this doesn’t mean that you should cast the school district factor aside; even if you do not have children or do not plan to, the quality of education nearby can greatly affect how much you pay for your home, and how much you can expect to sell it for in the future. You’ll pay more for your home if it is within a good school district. Parents of school age children are always searching for high school ratings, and often will pay more to live in a zoned neighborhood within a highly rated district. A good school district can also protect you from the ups and downs of the real estate market; even in an unpredictable market, a home in a great school district will likely see nearby home values staying consistent or above the median. This will protect you when it comes time for the resale, and although there are no guarantees, you can rest assured parents will always be looking to move to the best neighborhoods with the top schools. For more information on Seattle real estate, please contact your local agent today.

Check out our “Neighborhood Schools” tab above for more information on the schools in the Capitol Hill neighborhood!

Capitol Hill Real Estate Report – July 2017

 

Past Sold Listing in Capitol Hill

Just like Seattle’s weather the real estate market in Capitol Hill continues to stay hot. There were 23 single-family homes sold last month and 38 condos. The average list price for a single-family home climbed from $975,595 (7/2016) to $1,052,900 (7/2017). The highest cost for a home jumped from $1,925,000 (2016) to $2,550,000 (2017), the lowest as also spiked from $500,000 to $645,000. There are currently 17 active listings and 24 pending.

Past Sold Listing in Capitol Hill

Condos have also shown growth in the Capitol Hill, Seattle area. The average list price for a condo in the Capitol Hill neighborhood has jumped from $432,094 in July of 2016 to $533,034 this past month (July 2017). The highest sold price was $3,050,000, $1.45 million more than July 2016. The median price for a condo has gone up from $392,000 to $510,000. There are currently 12 active listing and 34 pending.

 

Capitol Hill Real Estate Report – May 2017

capitol hill real estate

Capitol Hill continues to grow as one of Seattle’s favorite neighborhoods. Last month there were 15 single-family homes sold, just two shy from last May (2016), with an average list price of $1,309,927. The highest cost for a home has gone up from $1,995,000 (2016) to $2,620,000 (2017) for residential homes in the area. There were 11 more condo sales last month compared to May of 2016, but prices saw a small drop. The highest price paid for a condo went down from $1,500,000 (2016) to $1,273,950. The average condo list price also had a small drop from $448,284 to $432,700. There are currently 21 active single-family homes and 34 pending. As for condos, there are currently 18 active and 42 pending.

Capitol Hill is a part of “Central Seattle” as defined my Seattle real estate agents. Central Seattle real estate basically includes the area from the Montlake cut to I-90 and from Lake Washington to I-5.  Currently, in this central Seattle area, there are 110 active listings.

Photos Above:

First - Available for purchase $3,600,000

Second - Sold

Tips for Spring Sellers!

 

The flowers are starting to bud, and the sun is peaking through the clouds (on some days); Spring is in the air and For Sale signs are emerging around Seattle. How do you stay ahead of the game? As the housing market begins to heat up, sellers can take these extra steps to help stand out among the rest. At first glance, potential buyers are scrutinizing your property before they even step foot in the door, and having a clean entrance and yard can make a big difference for first impressions.  Adding a beautiful potted plant to the front porch, or staining the front deck could be relatively small projects that could add generous appeal to your home.

Staging your home is another great way to entice buyers to choose your home. Hiring professionals to arrange your home to appeal to a broad array of buyers could be the difference between a buyer choosing your home, or choosing one just down the street. Removing personal belongings helps buyers envision themselves living on the property- not you. Also remember to give your home a good cleaning before showings; a clean home feels bigger and more inviting.

For more information on Seattle real estate, contact your local real estate agent today.

November Real Estate Report!

Like the rest of Seattle, Capitol Hill real estate market continues to be very strong. This past month (November), Capitol Hill had 37 sales. While not a lot of sales, the details are interesting. Last month, the traditional Seattle home was listed for $849,880 and sold above asking price: $1,136,000. Another home was listed for $1,375,000 and sold for $1,510,000. With limited inventory, buyers are competing and raising the prices even higher than asking.  The median average sale price has gone from $447,500 (November 2015) to $567,500 (November 2016). The average highest price has jumped by $204,000 and lowest going up by $55,000. A couple sales can change the average quite a bit, for example Capitol Hill had several small condos sell in, what a difference a year makes!

 

North Capitol Hill Home New to the Market!

klosh1115-60

This quintessential North Capitol Hill Tudor sits privately above the street on coveted 22nd Avenue East, one of Seattle’s finest blocks. Generosity and flow of space are the key elements making this home both luxurious and functional.

The expansive but private front porch is a room of its own–a great spot for breakfast or an evening read. The large, sun-filled living room boasts classic Tudor-style details: original stained glass and leaded windows, beamed ceilings, and a wood burning fireplace framed by a substantial mantel and built-ins. Off the living room is a cozy study with a gas fireplace.

Perfect for entertaining, the spacious dining room is conveniently open to the living area, kitchen, and breakfast room. The chef’s kitchen is well equipped with a commercial range combo–6 burner gas cooktop, double oven, broiler, and griddle–plus ample counter and storage space, counter eating, and a cook’s desk. Just off the kitchen and breakfast room, a decked garden space is lush with mature shrubs, trees, and vines.

The 2nd level features the bright and spacious master suite with walk-in closet, finished sunporch, and full bath; two more bedrooms, one with in-suite bathroom; a stately office with gas fireplace; a 3rd full bath; and hall closet space.

The 3rd level is complete with two large bedrooms, both with a pair of built-in single beds; a full bathroom; craft/work room; large storage room; and another large closet. In keeping with this home’s spacious overall feel, the basement level hosts a sizeable recreation room warmed by a wood burning fireplace; a huge, open laundry area with laundry chute and closet; and, of course, plenty of additional storage space.

Nearby shops and restaurants, parks, excellent schools (both private and public), 10 minutes to downtown, this home meets all your needs and more. Make this your forever home.

Capitol Hill Real Estate: May Report

Capitol Hill is one of the most popular neighborhoods in Seattle. The real estate is always booming in the area. Last month there with fifty sales, 37 of them being condos. There are currently 48 active listings and 82 pending. The lowest year-to-date sales price is up from $141,000 to $203,000 and the average year-to-date sales price is up from $567,000 to $609,350.

For similar information on Denny BlaineMadison Park, or Madrona real estate please click the previous links to each of these Seattle neighborhoods.

Capitol Hill is a part of “Central Seattle” as defined my Seattle real estate agents. Central Seattle real estate basically includes the area from the Montlake cut to I-90 and from Lake Washington to I-5.  The start of the year shows home prices are up across the city and sales for the first two months are down with 165 sold in 2015 versus 158 in 2016.  Currently, in this central Seattle area, there are 177 active listings.

If you have any questions about the Seattle real estate market, please feel free to reach out to a local Seattle real estate agent.

Hit-and-Run Suspect Has Several Past Charges

Last week, Dante Piggee, crashed his BWM in North Capitol Hill while driving drunk and fled the scene with his two young children in his arms.  He was eventually arrested and is being charged with drunken driving, hit-and-run, reckless endagerment and driving with a suspended license.  This isn’t the first time Dante Piggee has had a run in with the cops and according to court records he has been charged 50 times since he was 10. Please click on the following link for the Seattle Times article, to learn more.