Home | Newsletter | Advertise
loading...

Home Price Watch: Condo Prices Creeping Up in 20004

  • November 12th 2013

by Shilpi Paul

✉️ Want to forward this article? Click here.

Home Price Watch: Condo Prices Creeping Up in 20004: Figure 1
A condo on the market in 20004.

In Home Price Watch, UrbanTurf analyzes the housing markets in various zip codes around the DC area using numbers provided by RealEstate Business Intelligence (RBI).

This week, we examine 20004, the small, downtown zip code that encompasses much of Penn Quarter. It is roughly bounded by 6th Street NW on the east, G Street NW on the north, 15th Street NW on the west and the National Mall on the south.

The area’s limited residential real estate activity over the last two years exists solely in the realm of condos and co-ops. The number of townhouses and detached homes that have sold in the past decade could be counted on two hands.

Home Price Watch: Condo Prices Creeping Up in 20004: Figure 2

The sale prices for condos an co-ops in 20004 has been creeping up since the housing crash; this year, the median sale price was $444,500, a bit higher than it was last year, but below the inflation-adjusted median price in 2007.

The condo/co-op market was much more active in 2007 than this year, in both number of units sold and price; in 2007, 65 condos sold at a median sale price of $468,654, accounting for inflation. So far this year, only 48 units have sold.

For a look at home prices in other zip codes around the region, see below:

See other articles related to: 20004, dclofts, home price watch, penn quarter

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/home_price_watch_condo_prices_creeping_up_in_20004/7810.

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