Truth be told, we spend most of our time analyzing the Downtown Seattle condo market. With that said, much like San Fransisco, New York or Boston, Seattle has micro-hoods just outside the boundaries of Downtown. These hoods have a life of their own and offer Seattleites a wide variety of living options. A great example would be Capitol Hill. The Hill is known for its … [Read more...]
Demand For Condos On Capitol Hill Driving Multiple Offers
Check this out - There have been 26 one bedroom condo sales on Capitol Hill since the first of the year ($500,000 or less). Sellers have been getting 100.40% of what they are asking. Translation - multiple offers. Out of the 26 condo sales YTD, 18 sales received full price offers or better. That is an incredible stat. The average days on market was just 29 days. This … [Read more...]
Just Sold By UCS, Trace Lofts
1414 12th Ave #612 Trace Condos and Lofts - Capitol Hill Top Floor | 1 Bedroom Plus Den Sold Price - $366,000 We were fortunate to sell this property to one of our clients. Top floor loft in Trace North. 14 foot ceilings and vaulted storage space. Open living room, stainless appliances, breakfast bar, corked flooring and spacious outdoor deck. 100 percent Walkscore.See … [Read more...]
Successful Sale at Trace North On Capitol Hill
Check out this sale at Trace North - located at 12th and Madison on Capitol Hill. It is another success story coming from a much improved Seattle condo market. Unit #207 went live on March 6th. In just 5 days it went pending (buyer waived financing) and on the Friday the sale posted at 373,000. It was listed at $359,950. Just another example of how low inventory and improved … [Read more...]
Capitol Hill Condo Review
Are condos selling on Capitol Hill? YES. In the last 60 days, there have been 56 condo sales. Almost one sale per day. That is a pretty impressive number. So whats left in terms of active inventory? The number of active condo listings on the Hill is 37 units. They range in price from $115,000 to $1,749,000. I've built a graph to show the (Active) inventory: … [Read more...]
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