Nearly 550 properties sold last month in DC, of which 21 were short sales and 66 were bank owned. Even with the nearly 15% market share of distressed properties, the DC market continues to grow. Inventory levels continue to grow, giving homebuyers more opportunities to purchase a home. Remember, these averages are not divided by quadrant or condos v. coops:
Single Family, Detached
Average Net Sale Price: $679,332 after 97 days
Range: $11,000 – $4,000,000
Townhomes
Average Ne Sale Price: $529,996 after 87 days
Range: $50,000 – $6,750,000
Studio Condos/Coops
Averaget Net Sale Price: $174,392 after 102 days
Range: $33,000 – $275,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Net Sale Price: $320,750 after 66 days
Range: $21,000 – $988,500
2 Bedroom, 2 Bathroom Condos/Coops
Average Net Sale Price: $587,880 after 69 days
Range: $160,000 – $1,820,000