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