DC Home Sales Analysis: What Can You Afford?
By MARK WELLBORN
Updated 8:01 AM EST, Tue, Oct 6, 2009
DC’s home sales guru Keith Gibbons of DCHousingPrices has done some preliminary sales analysis for the month of July. As we noted when we highlighted Keith’s analysis from June, this is a great resource for any prospective home buyer that is unsure of what neighborhood they can afford in DC. Below is the chart of Keith’s work as well as some highlights that we picked out.
- The top neighborhoods for sales in July were: Old City I and II with 217 total transactions (the neighborhood led the way in June, too, with 224 sales), Columbia Heights (47 sales) and Petworth (33 sales).
- The neighborhood with the highest average price for home sales was once again Kent ($1.549 million), followed by Woodley ($1.465 million). The sales price in Glover Park surprised us the most, as the area just north of Georgetown had an average sales price of just north of $400,000.
- Price droppers: The average sales price for properties in the following neighborhoods dropped between June and July: Capitol Hill (approx. $80,000), Chevy Chase ($25,000), Georgetown (approx. $120,000) and LeDroit Park ($40,000).
More recent articles about DC area real estate from UrbanTurf:
- The Best New Listings in the DC Area
- This Weekend: Grand Opening of Velocity in Capitol Riverfront
- A Thank You to Our Advertisers
Copyright 2007-2009, UrbanTurf.
First Published: Oct 5, 2009 11:00 AM EST
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