Washington DC Real Estate Up 5 Percent Year Over Year

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, not accounting for quadrant or particular details:

Single Family, Detached
Average Sale Price: $801,910 after 65 days
Range: $21,000 – $4,250,000

Townhomes/Rowhomes
Average Sale Price: $510,567 after 66 days
Range: $45,000 – $3,250,000

1 Bedroom, 1 Bathroom
Average Sale Price: $303,187 after 82 days
Range: $17,000 – $595,000

2 Bedroom, 2 Bathroom
Average Sale Price: $564,202 after 90 days
Range: $124,897 – $1,800,000

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