Yes, that title is correct. September real estate averaged 13% more than 2011. A total of 520 properties sold, which is more than the 2011 sale of 510. With the demand increase, and drop in inventory levels of 34%, properties sold for an average of 96.5% of original list price. Here are the averages by property type, without any regard to where they’re located in the District:
Single Family Homes
Average Net Sale Price: $891,333 after 86 days
Range: $42,000 – $7,950,000
Median: 37 days
Median Sale Price: $656,250
Townhomes/Rowhomes
Average Sale Price: $562,253 after 25 days
Range: $35,000 – $3,425,000
1 Bedroom, 1 Bathroom Condo/Coops
Average Sale Price: $299,179 after 64 days
Range: $17,000 – $550,000
2 Bedroom, 2 Bathroom Condo/Coops
Average Sale Price: $555,655 after 57 days
Range: $57,900 – $1,400,000
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