Pioneer Square Seattle Real Estate

Pioneer Square Seattle

One doesn’t really think about Pioneer Square when deciding where to buy real estate in Seattle. Pioneer Square Seattle is more known for its nightlife and constant activity. If you’re more of a night person and enjoy the club scene, you have tons of places to choose from. All of the clubs are in a concentrated 4 square block area so getting around to them all is effortless. Another great aspect is being close to Qwest Stadium to watch the Seahawks and the numerous concerts played there. Right next door to Qwest Stadium is Safeco Field where the Mariners play. Living in Pioneer Square is a great way to be in the middle of it all.

There are many great homes (condos) and lofts that come available. Many of these condos and lofts are in buildings that were built in the early 1900’s. There are newer construction buildings in the south end of Pioneer Square as you get closer to Safeco Field and Qwest Stadium.

The boundaries of Pioneer Square Seattle start at the southern point of Royal Brougham Way and Alaskan Way and proceed north to Columbia Street. From there, the boundary heads east to 2nd Avenue and then south again to Cherry Street. Take a left (east) on Cherry to 4th Avenue and then right (south) on 4th Ave and follow it back to Royal Brougham Way and you have just completed the perimeter of Pioneer Square.

Pioneer Square Condos

As of 3.17.07, there were 172 condos in Pioneer Square Seattle. The average year these condos were built is 1913. The average size of these condos is just over 1200 square foot.

The average length of condo ownership in Pioneer Square Seattle is 6.1 years. Of these 172 condos, 107 of these have been owned for five years or less. Twenty-two of these condos have been owned between five and ten years. The remaining 43 condos have been owned for ten years or more. Property taxes for condos in Pioneer Square average around $3,300.
In 2007 (as of 3.14.07) there have been two condos sales in Pioneer Square with an average price of $475,000. (one sold for 400k and the other sold for $550k)

In 2006 Pioneer Square Seattle had 27 condo sales. This was a turnover rate of 16% The average sales price was $475,574 with the lowest price of $357,450 and the highest price of $890,000. This was an average price per square foot of $366.

In 2005 there were 17 Pioneer Square Seattle condos sold which was 17% of available inventory. The average sales price was $389,855 with the low sales price of $200,000 and the highest sales price of $760,000

Over the past 12 months, six of these condos that were assessed between 200k and 300k were sold at an average of 132% of the sales price. For the 9 condos that were assessed between 300k and 400k, they were sold for 122% of their assessed value.

View all Seattle Real Estate information