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Real Estate

Hot ’Hoods: Capitol Hill

Home prices are down throughout Seattle, but it probably shouldn’t come as any surprise that sellers in Capitol Hill are still getting more than list price, particularly in the Stevens microneighborhood.

By Matthew Halverson

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2505ward

$850,000

Details 2505 E Ward St; 2,609 sq ft, 4 BR, 2½ baths, built 2010
Selling Points With an open floor plan, bamboo flooring, and a media room wired for surround sound, this new-construction contemporary offers modern luxury in a quiet setting.
Listed By Larry Wilcynski, Windermere

Twilightexteriorhighres

$559,950

Details 1222 25th Ave E; 2,230 sq ft, 2 BR, 1¾ baths, built 1929
Selling Points It’s just a chip shot to the Broadmoor Golf Club from this 1920s Tudor, which offers a view of the UW arboretum’s greenery from a second-story balcony.
Listed By Matt Baebler, John L. Scott



1807ehowwell

$437,000

Details 1807 E Howell St; 1,740 sq ft, 3 BR, 1½ baths, built 1904
Selling Points This Victorian-inspired abode is just blocks from Cal Anderson Park and sports meticulously cared-for interior details, from the molding and trim to the gleaming hardwood floors.
Listed By Mark Potvin, Gerrard Beattie and Knapp


All photos courtesy the real estate agencies.

Thanks for reading!

 

Published: November 2010

 

Comments Speech Bubble

By paul on Nov 02, 2010 at 11:49AM

Sellers on Capitol Hill ARE NOT getting higher than list prices!! Where is the data to support that ridiculous claim?

By Michelle Broderick on Nov 02, 2010 at 2:22PM

While it wouldn’t be fair to say that every seller is getting above list price in Capitol Hill, it would be fair to say that quite a few sellers are getting above list price, especially in the Stevens micro-neighborhood.

You can take a look at the following redfin.com pages to get a look at the stats & trends of any neighborhood.

Capitol Hill:
http://www.redfin.com/neighborhood/4225/WA/Seattle/Capitol-Hill

Stevens:
http://www.redfin.com/neighborhood/2609/WA/Seattle/Stevens

It looks like the sale to list ratio for Capitol Hill is currently 88.5% and Stevens is currently 86%. Which would lead you to believe that most sellers are not getting above list price, but if you actually dig into the homes that sold, you’ll see that quite a few of them did pull in more than their list price.

It’s a case of stale inventory dragging down the average while coveted homes are bucking the trend.

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