Year End Numbers All Increase in DC

Increases across the board for every property type to end the 2012 calendar year in the DC real estate world. For December, average prices were up 14.13%, median was up 9.9%, units were up 12.3% and sellers averaged 97.2% of original list price. Annually, average prices increased 6.67%, median prices increased 8%, and units increased 6.9%. In December, a total of 570 properties sold, of which 37 were either short sales or foreclosures. The numbers below are December averages – not annual.

Single Family Homes
Average Sale Price: $982,855 after 49 days
Range: $55,500 – $5,150,000

Townhomes/Rowhomes
Average Sale Price: $590,204 after 38 days
Range: $50,000 – $2,100,000

1 Bedroom, 1 Bathroom Condos/Coops
Average Sale Price: $309,490 after 49 days
Range: $20,500 – $605,000

2 Bedroom, 2 Bathroom Condos/Coops
Average Sale Price: $561,549 after 35 days
Range: $65,000 – $1,365,000

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