With over 490 sales during the month of February in downtown DC, the biggest price gains were single family homes. Average prices increased 8.18% and sellers averaged 97.8% of original list price. There were 33 short sales or foreclosures that sold during February.
Single Family Homes
Average Net Sale Price: $689,322 after 46 days (median was 18)
Range: $135,000 – $3,150,000
Townhomes/Rowhomes
Average Sale Price: $625,286 after 44 days
Range: $59,000 – $7,600,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Net Sale Price: $328,697 after 47 days (median was 20)
Range: $60,000 – $790,000
2 Bedroom, 2 Bathroom Condos/Coops
Average Net Sale Price: $566,175 after 43 days (median was 10)
Range: $45,000 – $1,021,660
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