Home | Newsletter | Advertise

Home Price Watch: Capitol Hill

  • April 16th 2014

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Home Price Watch: Capitol Hill: Figure 1
Home for sale on 11th Street NE

For years, UrbanTurf has been hoping that RealEstate Business Intelligence (RBI) would figure out a way to start providing housing statistics not just for zip codes in the DC region, but also specific neighborhoods as well.

Well, recently the folks over at RBI started offering that option to some of its customers. Specifically, housing statistics for over 7,000 legal and advertised subdivisions (neighborhoods) around the region are now available. (Any subdivision that averages at least six sales a year is included.)

UrbanTurf gave the new feature a bit of a test drive this week by looking at 2014 statistics in the advertised subdivision for Capitol Hill. Below is a chart with Capitol Hill housing data followed by some interesting highlights that we picked out based on the stats. Our plan is to get a little more in-depth every week with each neighborhood we analyze.

Home Price Watch: Capitol Hill: Figure 2
Click to enlarge.

  • While sales volume dipped by about 13 percent so far this year, the average and median sales prices rose on Capitol Hill when compared to 2013. The average sold price increased 6.7 percent ($695,971) and the average median price rose 9.4 percent ($670,00).
  • Home sellers believe that they can get more this year, as evidenced by the increase in average list price, from $651,144 last year to $699,244 this year.
  • The average sales price to original list price ratio has dropped off between 2013 and 2014. Last year at this time it was just over 100%, a sign that homes were regularly selling for over their asking price. This year, that percentage stands at about 97.
  • Of the 79 units sold so far this year, nine were purchased in all-cash transactions.

See other articles related to: capitol hill, capitol hill housing statistics, dclofts

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/home_price_watch_capitol_hill/8365.

Pipeline: New Condos & Apartments Coming to the DC Area

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse