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.
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.