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.

 

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.

Capitol Hill Real Estate – 2016 in Review

Capitol Hill HomesCapitol hill real estate, like Seattle real estate, continued to be strong in 2016.  Capitol Hill home market in 2016 seemed uninterrupted from 2015.  Prices were up in total ($983,591 average vs $981,161) and cost per square feet ($460 average vs $439), days on marketed decreased (25 vs 32), and the number of sales increased (221 vs 204).

Capitol Hill condos still attracted Seattle buyers in 2016 like they did in 2015.  While the number of condos sold reduced (349 vs 365) nearly all other numbers improved. Median sales price ($399,000 vs $355,000) and average price per square foot ($552 vs $492) went up.  The numbers of days on market tightened with condos staying on for only 18 days in 2016 versus 23 days in 2015.

Maybe the most astonish number for the previous two years is both the Capitol Hill homes and Capitol Hill condos on average sells for over list price.  In 2016, the average Seattle home on Capitol Hill sold for 103.1% of list price in 2016 and 103.6% in 2015 and the average Seattle condo on Capitol Hill sold for 104.2% of list price in 2016 and in 2015 it was 102.7%.

The Capitol Hill real estate market is similar to Seattle and the surrounding counties.  The overall real estate market in the region (area covered by Northwest Multiple Listing Service which serves 23 Washington State counties) saw an 8.1 increase of sales in 2016 when compared to 2015 with inventory at a record low for most of the year.  For the 23 counties, the median sales price increased 8.9 percent from $310,000 in 2015 to $337,500 in 2016.  Condos, which make up a smaller share of the market, were actually up 12.6% while single-family homes increased 8.7%.

Inventory was tight throughout the year, there was an average of 1.86 months of inventory in 2016, compared to 2.4 months in 2015.  King County was the tightest with only 1.1 months of supply.  A balanced market is generally considered to be between 4 and 6 months of inventory.

2017 seems to be taking over where 2016 left off.  Low inventory remains and prices remain strong.  As always, to maneuver the market, reach out to your local real estate agent to navigating the Seattle real estate market.

These statistics were gathered from the Northwest Multiple Listing Service, but were not compiled or published by that organization.

Pictured: Capitol Hill Home sold in August 2015 for $2,550,000.

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!

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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.

Starbucks Accepting Square Wallet Payments Today

We’ve been hearing about the new Square Inc mobile payment system for a few months now, and today it’s official; 7,000 Starbucks locations across the US are now accepting the Square Wallet mobile payment. According to the Puget Sound Business Journal, Starbucks invested $25 million in the Square start-up company, and Starbucks CEO Howard Schultz joined the company’s board of directors.

Customers can now download the Square Wallet app, and use the Square payment system by linking their debit/credit card, and clicking pay here to a near by Starbucks location. All the barista has to do is scan a QR code on your phone and the payment is processed. Customers can still make mobile payments using the Starbucks App, which acts as a mobile gift card, but the Square wallet App takes away the inconvenience of having to worry about loading and reloading the account. The Square App also keeps track of each transaction, which will come in handy if you’d like to know how much you’re spending on coffee. Download the wallet app for a list of participating Starbucks in your neighborhood.

O’Dea Principal Quits After Being Accused of Abuse

Photo Courtesy of O’Dea High School

Brother Karl Walczak has resigned as principal at O’Dea High School, after being accused of sexually abusing a minor in the 1970s.  According to the Seattle Times, the accusations against Walczak relate to his time teaching at another diocese in the early 70’s, and he has denied all accusations.

The operation of the high school will continue under the Acting Principal James Walker. The School Board did not learn of the accusations until Wednesday afternoon.  According to the Times, John Shuster, Seattle co-director of the Survivors Network of Those Abused by Priests (SNAP) has accused O’Dea School and Archdiocese of Seattle of a cover up, and knowing of Walczak’s accusations back in August, and not acting on the issue. For further coverage on the story, visit the Seattle Times.

Seattle Gets Approval to Design First Hill Street Car Extension

Yesterday afternoon, Seattle Major Mike McGinn said that the City of Seattle has gathered enough funds to begin the design and planning process for the First Hill Streetcar line’s Broadway extension. According to the City of Seattle, $850,000 of federal funding have already been secured, and another $900,000 are pending final approval, in which case the City will have enough funding to design a half mile line extension, requested by the Capitol Hill neighborhood. The line would then extend into Broadway’s Retail District, and be able to support residents by moving the terminus from Denny Way to Roy Street.

The Seattle Department of Transportation is currently constructing the First Hill street car line, and ever since the project’s first stages of planning, the Capitol Hill community has been very vocal about obtaining an extension to the North End of Broadway, instead of it’s currently final stop at the Capitol Hill Link light rail station. The extension project would continue the double track street car installation, with two or three additional stops, and the total extension project is estimated to be around $25 million. For more information on the project, visit the Seattle Streetcar’s website.

It’s Halloween; Don a Scary Costume, Save at These Local Restaurants/Bars

With Halloween right around the corner, Seattle restaurants are taking advantage of the festive scary scenery, and rewarding  cladly dressed Seattleites with specials on food and drink around town, from now until October 31st. Check out the list of establishments who actually prefer if you’re dining in Zombie attire than suit and tie this week.

Boka will be offering happy hour prices on all food and drink items to all diners dressed in Zombie attire this Saturday October 27th! Zombie diners are also encouraged to head over to the Thrill the World dance off in Occidental Park to break the record for biggest “Thriller” performance.

Belltown Pub will be hosting a Dracula PJ party with Halloween food and drink available, and no cover charge from 9-close on October 27th.

Linda’s Tavern is having a 50’s themed Halloween mixer on October 31st, with guest DJ King Dude. Party begins from 8pm-close, with free entry. Costumes strongly suggested.

Cupcake Royale Place your order of 12 or more cupcakes on or before October 30th for your big Halloween party, and receive a free pint of Cupcake Royale ice cream.

Cafe Flora will host a pumpkin decorating event on Saturday from 10am-2pm in Washington Park, perfect for your little ones. Pumpkin bread, pancakes and spiced cider will be on hand to snack on during the festivities. Costumes are welcome!