A huge increase in the median sale price for Washington DC real estate last month. The median sale price jumped up 12.53% over April 2011. Properties were selling in an average of 67, but nearly HALF of all of the 586 sales were in the first 2 weeks the property was on the market, property [...]
Archive for the ‘Washington D.C.’ Category
Washington DC Real Estate Prices Up Nearly 8 Percent in March 2012
April 17th, 2012
Laura Low inventory levels continued to drive up prices in Washington DC last month. Inventory levels were 25% lower than this time last year, while prices were up almost 8% on average. A total of 541 properties sold in March, of which 22 were short sales and 19 were foreclosures. Properties were selling for an average [...]
Washington DC Real Estate Prices Climb Nearly 8% in February 2012
March 15th, 2012
Laura A decrease in active inventory of over 27% undoubtedly help fuel a 7.86% increase in average sale prices in Washington DC last month. Days on the market fell to an average of 74, while properties were selling for 95.1% on average of original list price. A total of 425 properties sold, of which 34 were short sales [...]
DC Real Estate Prices Increase 10% from January 2011
February 22nd, 2012
Laura Average sale prices in January were over 10% higher than January 2011! Average days on the market fell to 77, while properties were averaging 93.97% of original list price. A total of 390 properties sold in January, of which 40 were distressed (18 bank owned, 22 short sales). The market is getting stronger everywhere in [...]
DC Real Estate Climbs Again in December 2011
January 19th, 2012
Laura A median sales price increase of 3.76% in December 2011, lead to another strong month in DC. A total of 512 properties sold, only 10.9% was either short sales or foreclosures. Properties were averaging 76 days on the market, down 3 from 2010, and average sale price was 93.8% of the original list price. Single [...]
DC Inventory Takes A Huge Drop
December 20th, 2011
Laura DC inventory this past month was down nearly 24% from active inventory last year. Days on the market were averaging 73, while properties were selling for 94.1% of original list price. A total of 460 properties sold in November, of which about 9.6% were short sales or foreclosures. Average sale price dipped a bit by [...]
HUGE Inventory Drop in DC, Slight Price Drop Too
November 21st, 2011
Laura Inventory levels in DC are down nearly 600 homes from this time last year! In October, 432 properties sold, of which 12.9% were either short sales or foreclosures. Days on the market average 73, properties sell at an average of 94.2% of the original list price, and median sales price was down $10k ($399,900). Here [...]
Prices Continue to Rise in Washington, D.C.
October 18th, 2011
Laura Prices continue to grow month by month in the District. Median sales prices in DC are up 1.6% over 2010, while days on the market is 77 and sellers are averaging 95.1% of original list price. A total of 527 properties sold last month, 66 of them were distressed, accounting for 12.5% of the market. Here [...]
DC Ladies Only!
October 6th, 2011
Laura In addition to this blog, you can usually find me chattering away about real estate somewhere else – McLean Patch, Clarendon-Courthouse Patch, Ballston-VA Square Patch, etc. But i’m very excited about my new partnership with the expanding site over at TheDCLadies.com. The DC Ladies site was created by “a forty something mom and her twenty something daughter. [...]
Washington DC Real Estate Up 5 Percent Year Over Year
September 16th, 2011
Laura The median sales price in the District saw a 5% increase from August 2010. Foreclosures and short sales accounted for 64 of the 582 properties sold during August. Average days on the market in August was 70, while average sale price was 93.7% of the original list price. Here are the average by property type, [...]
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