Captiol Hill Real Estate Recap: February 2014

The Capitol Hill real estate market featured thirty-two sales this past February which is the best February in the last four years.  In 2013 there were 31 sales, in 2012 there were 26 sales, and in 2011 there were 27 sales.  Currently there are 47 active listings for sale on Capitol Hill with a high of $8.5 million for a home with an undisclosed location and a low of $157,000 for a co-op in the vicinity of Cal Anderson Park.  The pending sales do not vary in price as much with the most expensive being a home listed for $2.6 million and a co-op for $110,000.  There are currently 65 homes pending sale. Cap Hill home nicole

The Central Seattle real estate market which includes Capitol Hill (basically the area from the Montlake Cut to I-90 and from Lake Washington to I-5) is showing signs of strength.  While median year-to-date sales price is down from $619,000 to $577,475, the average year-to-date sales price is actually up from $729,042 to $736,659.  In addition, year-to-date sales for the first two months are up with 88 sales in 2014 versus 79 sales in 2013.  Inventory is also tighter than last year, down from 128 to 93 active listings in the month of February.

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

North Capitol Hill Condo Available: $1,595,000

Capitol Hill Condo

This 4 bed 3 bath convenient urban condo in the North Capitol Hill neighborhood is now available, and has much to offer prospective homeowners! Gated entryway in a boutique complex, with expansive western views including Lake Union, the Space Needle, Puget Sound, Queen Anne and the Olympics. Features include walnut flooring, fireplace, breakfast/reading room, master suite + two additional bedrooms, and an additional full bath. This listing includes a 1,289 sf, one bedroom garden level condo full of natural light, hickory floors, and living and dining areas. Gorgeous grounds, outdoor pool, an urban oasis!

Status: For Sale
Bed/Bath: 4&3
Price: $1,595,000

Charming Capitol Hill Co-op For Sale

coopThe top floor of the charming Capitol Hill building is available for purchase at $164,950. Owning the 610 sf co-op is a great opportunity to own your own place instead of rent! It has one bedroom and one bath as well as open formal living areas, hardwood floors and includes a washer and dryer. Although there is no parking included, it has a walking score of 92! Enjoy all the food and entertainment that Capitol Hill has to offer just a few blocks away. Bus stops are near by which make it easy to get around downtown and other areas of the city.

Status For Sale
Price $164,950
Bed / Bath 1 / 1

For more information please contact Kristine Losh of Ewing & Clark at 866-675-8911.

Garbage Piling Up? Waste Management Strike Affects King County

Did you notice your garbage was still in the driveway when you came home from work yesterday afternoon? You weren’t the only one! The Waste Management Team in King and Snohomish counties went on strike yesterday afternoon against the largest refuse service over wage and benefits issues in the Northwest. According to the Seattle Times, the Local 117, which includes 153 recycling-route drivers walked out yesterday, and were joined by the garbage truck drivers of Local 174 shortly after.

Drivers began to pull service trucks into the South Seattle Waste Management yard, stepped out of their vehicles and picked up a picket sign. Their strike affects over 220,000 in King and Snohomish counties, and Waste Management could be issued steep fines should the strike drag out; up to $4,500 dollars a day for failing to make scheduled collections, and $250,000 if the strike drags out longer than a week. Drivers have been without a contract since May 31st, and are disputing the wage gap between recycle drivers who start at $17 an hour vs garbage drivers who’re starting at around $26 an hour. At this time there are no plans for negotiation in place, Waste Management hopes drivers will come back to work. For more information on the strike, visit the Seattle Times.