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.
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!
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.
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.
The Seattle Department of Transportation (SDOT) released its comprehensive report this week detailing last August’s experimental closure of East Pike Street to car traffic. Ultimately remaining reticent, the city is recommending more community discussions before moving forward with the project.
While SDOT is far from abandoning the project, which attempted to address issues of pedestrian congestion, aggressive crowd behavior, and LGBTQ visibility and inclusivity in the nightlife core of Capitol Hill, the city is approaching the concept of pedestrian-only streets very carefully. Capitol Hill Chamber of Commerce director Sierra Hansen approves of the city’s decision to adding, “That’s exactly what we had been calling for…[to] get all the diverse perspectives at the same table. We want to foster a conversation between critics and supports.”
A further conversation between supporters and critics is likely a good idea, as the project is controversial. SDOT’s survey of the neighborhood’s residents and businesses found 66 percent were in favor of continuing pedestrian-only weekend nights on East Pike street, with 57 percent in favor of expanding the pedestrian-only zones to other times. However within those numbers, there is a split between how residents view the project and how local business owners view the project. 70 percent of residents surveyed approved the project while only 48 percent of businesses did. Additionally, just 44 percent of businesses wanted to expand it, while 66 percent of residents did. Comments regarding the street closure SDOT collected via a survey reflect this divide. One support for the project stated, “I felt safer and more connected to the community.” While a critic argued, “The space created felt like a big dark void. The police presence made it feel like a pen. And the side streets were abused as Parking lots by limo vans, etc.”
According to the report, SDOT will soon announce the date and time of an upcoming stakeholder community meetings on the street closure project. While the project remains controversial, the issues on Capitol Hill that inspired its implementation still need to be addressed. EcoDistrict director Alex Brennan argues that the “Issues [on Pike/Pine] with sexual harassment, gay-bashing, a lack of visibility for the queer community and the arts community, those issues aren’t going away.”
Seattle police are investigating a metro bus/pedestrian collision that occurred this morning around 6:00am near the 1100 block of E Pine St on Capitol Hill. When officers arrived they found a deceased adult male lying in the street behind the bus. There were approximately three people on the bus at the time of the collision none of which witnessed the incident. The circumstances leading up to the incident are unknown as is any other information. Traffic Collision Investigation Squad was on the scene assisting officers.
A man believed to be in his 60’s walked into a Capitol Hill bank on Broadway and Thomas around 10:45am Wednesday morning, gave the teller a demand note and walked out. The Seattle Police Department was called. After checking to make sure everyone in the bake was alright, police arrested the suspect after spotting him on Broadway and E Olive.
Own a full floor in this 6 unit building designed by iconic architect Tom Kundig. Shell unit available for sale for the ability to create your own dramatic & custom space. Floor to ceiling windows take in vistas of Downtown Seattle just on the other side of I-5 from North Capitol Hill near the colorful urban fabric of vibrant South Lake Union neighborhood. 11 ft ceilings, avant-garde design, environmentally innovative heat source & electric car hook up. Numerous design awards. Commercial zoning allows live-work, making the possibilities endless!
If you are looking for family entertainment in the Capitol Hill neighborhood, on the first Friday of each month there is the Family Fun Night at Miller Community Center. The fun includes bouncy toys, bingo, and an ice cream social. The next event, will be on Friday, May 4th.