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The Townhome Explosion By the Numbers

By October 24, 2016

Townhouses

Having helped a number of clients buy townhomes recently we were curious about the premium that different neighborhoods command so we dove into the 358 townhome sales so far this year to figure out dollars per square foot by neighborhood.

We found that for dollars per square foot, Eastlake leads the pack, but that is distorted by the high end townhomes at the Residences at Fairview. Not surprisingly Capitol Hill and Queen Anne top the list.

For the number of sales, it isn’t surprising that Ballard is leading the pack since it feels like every lot is under development there!

Most expensive neighborhoods

Avg. $/Sq. Ft.
Eastlake$659/sf
North Capitol Hill$533/sf
Queen Anne$511/sf
Capitol Hill$490/sf
University District$483/sf
Fremont$477/sf
Madison Valley$462/sf
Wallingford$461/sf
Ballard$449/sf
Magnolia$430/sf
Wedgwood$426/sf
Maple Leaf$411/sf
Central District$407/sf
North Beacon Hill$398/sf
Beacon Hill$386/sf
Green Lake$383/sf
Crown Hill$381/sf
Judkins$363/sf
Greenwood$361/sf
Mount Baker$353/sf
Columbia City$333/sf
Rainier Beach$304/sf

Most sales

# of Sales YTD
Ballard87
Central District38
Columbia City24
Beacon Hill21
Capitol Hill21
Judkins18
Fremont16
Greenwood15
Wallingford14
Queen Anne13
Rainier Beach12
Wedgwood11
Magnolia11
Crown Hill10
N Beacon Hill9
North Capitol Hill8
Madison Valley7
Mount Baker5
University District5
Green Lake5
Eastlake5
Maple Leaf5

Methodology: we looked at all townhomes built and sold in 2016, including standalone townhomes.

Disclaimer: Statistics not compiled or published by the Northwest Multiple Listing Service.

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

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206-618-1600