Home | Newsletter | Advertise
loading...

Home Price Watch: Low Prices in Woodridge and Langdon

  • October 8th 2012

by Shilpi Paul

✉️ Want to forward this article? Click here.

Home Price Watch: Low Prices in Woodridge and Langdon: Figure 1
Houses in 20018

For the past few months, UrbanTurf has been sifting through DC housing price data from the last decade to find out exactly what has been happening in zip codes around the city, using numbers provided by RealEstate Business Intelligence (RBI). The full run of zip codes that we have covered are listed below.

This week we examine 20018, the zip code roughly bordered by the District’s eastern boundary, New York Avenue NE, and a meandering western border that follows the railroad tracks, Franklin Street NE and 16th Street NE. It’s home to the neighborhoods of Woodridge, Langdon and Brentwood.

Home Price Watch: Low Prices in Woodridge and Langdon: Figure 2
20018 price trends from 2002 to 2012

Detached homes make up the clear majority of the housing stock in 20018. Langdon and Woodridge homes are largely occupied by long-time residents, though young families are increasingly seeking out the well-sized houses. However, the low turnover may explain the relatively high median days-on-market of 47.

The most notable trend here is the dip in prices in all categories between 2007 and 2012. While prices jumped across the board during the housing boom in 2007, they have since come back down. The healthiest market is for the aforementioned detached homes; in the case of the few condos, 2012 prices are almost as low as those of 2002.

Home Price Watch: Low Prices in Woodridge and Langdon: Figure 3

This article is based on data provided by RealEstate Business Intelligence (RBI), a primary source of real estate data, analytics and business intelligence for real estate professionals with business interests in the Mid-Atlantic region.

Similar Posts:

See other articles related to: home price watch, langdon, woodridge

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/home_price_watch_low_prices_in_woodridge_and_langdon/6126.

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