I lived there for about a year sometime back. When I was younger, I thought it was the coolest place to live. I’ve found that the eastside of Broadway is more desirable than westside which sits on the steep slope of I-5.
Pike and Pine have received a lot of attention lately. Some downtown buyers are also asking more and more about First Hill, which still offers affordable urban living. But, you don’t get the charm you get in Capitol Hill. Many buyers will pay top dollar for the brick Tudor homes, which also drives up the cost of the rental rates. I’ve also noticed more of a balance in the diversity of those two particular neighborhoods.
Here are some quick averages for Capitol Hill (04/25/07 to Current):
| Listing Price |
Sq. Ft. |
List Price Sq. Ft. |
DOM |
Sale Price |
Selling Price Sq. Ft. |
|
| Residential (53) | $1,128,233 | 2939 | $377 | 75 | $1,153,117 | $377 |
| Condominium (144) | $368,274 | 824 | $469 | 50 | $336,525 | $446 |
| All Types (197) | $748,253 | 1882 | $423 | |
$744,821 | $411 |
Residential is selling for more than the listing price while condominiums are selling for less but still more per square foot when sold.
New popular condominium developments include The Press and Brix.
Active Condos for Sale at Brix
Active Condos for Sale at The Press
Belltown/Downtown Stats (04/25/07 to Current):
| Listing Price | Sq. Ft. | List Price Sq. Ft. | DOM | Sale Price | Selling Price Sq. Ft. | |
| Condominium (244) | $678,392 | 1025 | $623 | 40 | $553,756 | $568 |
I also think the great thing about Capitol Hill is how much of a “neighborhood” it is, and the overall lifestyle away from home. I believe many of the people who live in Capitol Hill enjoy shopping boutiques, nightlife/dining, walking their dog, etc., as opposed to the high-end downtown buyer who tends to entertain more from home.
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