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Capitol Hill 1st quarter 2010 real estate sales
Posted on May 29th, 2010 No commentsMedian price of $187,000.
This is another neighborhood that just has too few sales in the last year to get a firm hold on a trend. It is however a bellwether location to watch. My neighborhood boundaries tend to the conservative side using 300 West as a western edge. Lots of potential for walkable commercial area when the economy improves. The new neighborhood bar (Jam), restaurant Em’s and the Marmalade Cafe helps give it a vibrant feel.
A classic example of why we shouldn’t make assumptions from raw statistics. This graph makes it look like home values in Capitol Hill swung wildly from year to year. I assure you, that was not so. What we want to look at here is the interpolation between the data points for the long term trend. And that trend wasn’t too bad.
Capitol Hill 1st qt 2009-2010
Capitol Hill 1st qt 1996-2010Leave a reply
martinis in the attic
All the drama, pathos, and comedy that is real estate in Salt Lake. A crisp mix of fact and folly served straight up with a twist from mixologist and licensed Realtor, Brad Dundas. Never too dry but occasionally bitter.
About me
Brad is a Salt Lake Realtor who has been schlepping buyers and schmoozing sellers since 1992. Sticking signs and foisting flyers up and down the Wasatch Front. From the Harvard Yale to Herriman, Capitol Hill to Copperton, Millcreek to Magna, Avenues to… Well, you get the idea (and the search engines get the key words).