What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Home Price Watch: Dupont Circle, Where Buying is Just as Expensive as Last Year
✉️ Want to forward this article? Click here.
In this week’s Home Price Watch, UrbanTurf’s taking a look at Dupont Circle using segmented data from real estate data firm RealEstate Business Intelligence (RBI). This data reflects a year-over-year snapshot between the first quarter of 2013 and 2014.
The neighborhood is roughly defined by M Street to the south, 22nd to the west, Florida Avenue to the northwest, and 16th Street to the east, though RBI uses data from listings to calculate the borders of neighborhoods.
As we’ve seen in other popular neighborhoods in the DC area, like Capitol Hill, Dupont had slightly fewer sales and higher list prices this year compared to last.
Here are some more takeaways from the data:
- Though average list prices rose about 20 percent, the median sales price barely changed, a clear sign that a big sale or two in the neighborhood swayed the average.
- That 1-2 big sale effect can also be seen in the shift with average sold prices. The median sold price was $406,500, up from last year’s $401,388, but only by 1.27 percent. By contrast, the average sold price rose 16 percent.
- Homes are spending a little less time on the market this year — 41 days in 2013 versus 35 days this year.
- Just over half (13 of 24) of the homes sold so far in 2014 were on the market for 20 days or less.
See other articles related to: dupont circle, home price watch, realestate business intelligence
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/home_price_watch_dupont_circle_buying_as_expensive_as_last_year/8533.
Most Popular... This Week • Last 30 Days • Ever
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro