23 of 28 Seattle condos on Capitol Hill sold for at least the asking price in June. The average list to sale ratio was 103%. Meaning that on average, condos sold for 3% above the asking price.
Our team just sold a unit that went 25% above the asking price! It was listed at $199,950 and sold for $250,000!
Capitol Hill has been on fire in recent months. This is great for sellers, but as you can imagine it gets a little overwhelming for buyers. Some buyers will write offers for months without anything to show for it. This can be frustrating for those looking for a condo to call home.
Here are some interesting storylines from the month of June:
The cheapest condo sold was $229,000 at the Tulane building. It sold for full price in 11 days on market.
The most expensive condo sold on the Hill was a 2 bedroom, 2 bath condo at Onyx. It was listed at $575,000 and had multiple offers driving the price up to $585,000.
There were three condos that sold for more than 10% higher than the original asking price. With the largest percentage increase being 16% above asking. It was a 597sf condo at Union Terrace. Listed at $247,000 and finally selling $40,000 higher at $287,000.
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