Downtown Seattle is not just another neighborhood. After centuries of settlement by Indians, the first Europeans to call Seattle home established farms and a steam-powered sawmill in the area of Pioneer Square. As downtown grew, it spread north, becoming the financial and retail center of Washington’s largest city and of the region. Today, at the beginning of the twenty-first century, downtown Seattle has escaped the urban decay of many cities and remains a vibrant center, with many retail, financial, and cultural activities and with new urban residential areas developing in and around it.
The first European settlers in Seattle were the party of a dozen Midwesterners led by Arthur Denny (1822-1899). After a rain-soaked stay at Alki point across Elliott Bay, in 1852 the party relocated in the area of the future downtown. They settled on a small patch of level land and on a nearby island in the middle of what is now Pioneer Square, at the south end of downtown. The decision of Henry Yesler (1810-1892) later that year to build the Sound’s first steam-powered sawmill in the new village of Seattle secured its economic future.
ACTIVE LISTINGS: 121
-48%
-48%
MEDIAN SALES PRICE: $741K
+3%
+3%
PENDING LISTINGS: 48
+26.3%
+26.3%
DAYS ON MARKET: 37
-41.3%
-41.3%
SOLD LISTINGS: 67
+103%
+103%
INTEREST RATES: 3.49%
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Downtown
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& Columbia City
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& Capitol Hill
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Seattle
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& Fremont
Edmonds, Shoreline, & Lake Forest Park
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