Home Prices in Georgetown Washington, DC for December 2013

Home Prices in Georgetown for December,2013

Real estate market data for Washington, DC provided by Natalie Dean of www.washingondcluxuryhomes.net.

Georgetown Home Prices

Luxury Brownstone

Georgetown brings the best of all worlds together. A incredible mix of single family homes infused with charm as well as Brownstone and loft style condos. Sold median prices for attached homes averaged between 1.5 million to 2 million for the better part of 2013 while attached homes steadied at 865k for the year. All indicators show that we will continue to see a steady market for home prices in Georgetown. The days on market are promising for area sellers which plummeted to 43 days in December. Demonstrating the tremendous amount of interest buyers are expressing a tremendous in the market. If you are on the fence about this being the right to sell, call a knowledgeable agent. One who understands the style of homes, knows proximity matters and is aware of which locales in Georgetown are garnering the most attention. Getting a comprehensive market analysis guarantees that you get the most amount for your home in the least amount of time.
If you are interested in how much current inventory is on the market in Georgetown you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer period. At the time of this posting there were 87 active residential properties, not a tremendous amount of homes considering the size of Georgetown.  I wouldn't expect home prices to run up quite as fast as they did during the bubble, banks have gotten a lot stricter on lending guidelines and jumbo loan products although available can be more grueling to obtain. But moderate inventory is one indicator that prices should continue to rise. 

 Georgetown Home Prices

 

Georgetown Real Estate Report Summary December 2013

Statistic	Values	YoY	MoM
Total Sold Dollar Volume	$60,390,351	+23.81%	+47.45%
Closed Sales	52	+6.12%	+36.84%
Median Sold Price	$970,000	+31.61%	+10.54%
Avg Sold Price	$1,161,353	+16.67%	+7.75%
Avg Days on Market	43 days	-36.76%	-25.86%
Avg Sold to Orig List Ratio	96.27%	+0.61%	-0.59%

Find Homes for Sale in Georgetown Washington, DC

Visit my website to search here for home in Georgetown or to be notified when Georgetown homes come on the market.
To find out what you home is worth in the current market Email Natalie or call 202-438-1056.

Home Prices in Cleveland Park Washington, DC for December 2013

Home Prices in Cleveland Park DC for December, 2013

Real estate market data for Washington, DC provided by Natalie Dean of  www.washingtondcluxuryhomes.net

Cleveland Park Home Prices

2013 was very interesting year for prices increases on home prices in Cleveland Park  in fact most would call it on amazing roller coaster ride. The year ended very close to where it began in January of 2013 and would saw a tremendous spike in home prices in the middle of summer.  July was HOT for more than one reason This is a high-end luxury community, single family homes have a median sales price of 1.8million and attached homes hover right at a median sales price of 1.5million. Many ask "are there any deals to be found among all this lux properties?" They are few and far between and the best way to find them is to be notified consistently about properties coming available in Cleveland Park and having a competent agent who has the pulse of the market is a must. As you can see from the graph below, listings are selling at about a 98% ratio to list price. Although this is the case always ensure that you don't overpay for your home, have an agent do a thorough market analysis of the Cleveland Park home on which you are making an offer.

If you are interested in how much current inventory on the market in Cleveland Park you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Washington DC, homes have a median time of 54 days on the market before they sell. History shows this is a more aggressive time for sellers than buyers and lower inventory is allowing for multiple offers on homes in Cleveland Park. If this trend holds true the spring and summer market holds longer days on market and more of an opportunity for buyers to make an aggressive offers on a homes. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. But low inventory is one indicator that prices should continue to rise. The trends are interesting and the market is strong so don't wait too long to make that decision to sell. 

 Cleveland Park Home Prices

 

Cleveland Park Real Estate Report Summary

December 2013 Summary

Statistic	Values	YoY	MoM
Total Sold Dollar Volume	$21,274,850	-44.59%	-12.63%
Closed Sales	28	-31.71%	0%
Median Sold Price	$522,450	-21.79%	+1.15%
Avg Sold Price	$759,816	-18.87%	-12.63%
Avg Days on Market	54 days	-12.9%	+45.95%
Avg Sold to Orig List Ratio	98.46%	+3.94%	+1.23%

Find Homes for Sale in Cleveland Park DC

Visit my website to search for homes in Cleveland Park or to be notified when Cleveland Park homes come on the market. 

To find out what you home is worth in the current market Email Natalie or call 202-438-1056.

Home Prices in 16th Street Heights Crestwood Washington, DC for December 2013

Home Prices 16th Street Heights Crestwood Washington, DC for

December 2013

Real estate market data for Washington, DC provided by Natalie Dean of www.washingtondcluxuryhomes.net.

16th Street Heights Home Prices

The fabulous 16th Street Heights, a little piece of solitude right in the heart of DC. Famed for its myriad of styles of homes from Arts and Crafts, Craftsmen Homes, Bungalows and Tudors the list go on and on. There is truly something for everyone in 16th Street Heights. In between all these gorgeous homes and wonderful parks also sits a fair share of condos for the hipster buyer. The one who wants all the nuances of living in the city with a slice of the burbs. Over the past year the homes prices have had peaks and valleys with the highest point being the summer, which is normal. However since September we have a month over month increase although incremental it is one to watch. Boasting anywhere from a 1.40% to a 1.61% increase. We have seen 11 straight months of listing price increases on Home Prices for 16th Street Heights  and don’t expect things to slow down anytime soon.  There is a great deal of interest in this area and which makes having a knowledgeable real estate agent a necessity. Sellers in this area know their market and realize the value of their homes. The margin for list price to sold price is 95.21% which only allows for slight room for negotiations. Check out the interactive graph below and measure the stats for yourself. That being said there is still a need for an agent to do an indepth study of this marketplace. Both buyers and sellers would want to ensure that the homes being compared are indeed the same in all respects. Request a complete market analysis and then sit with your agent and study it thoroughly.

If you are interested in how much current inventory on the market in 16th Street Heights you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. There are two fixer-uppers that are priced in the 200k's and with most inventory being priced well over 400k this might represent an incredible investment opportunity. Currently in this area of Washington DC, homes have a median time of 42 days on the market before they sell. An aggressive market indeed. Low inventory in 16th Street Heights has multiple offers coming in on homes. Don't wait to buy the spring market is only going to bring a HOTTER market. Check out the chart below see an interactive snapshot of all trends in the 16th Street Heights real estate market. 

 16th Street Home Prices

Find Homes for Sale in 16th Street Heights Washington, DC

Visit my website to Search for homes in 16th Street Heights Crestwood or to be notified when 16th Street Heights homes come on the market.
To find out what you home is worth in the current market Email Your DC Metro RE Gal or call at 202.438.1056.

Home Prices in Foggy Bottom Washington, DC for December 2013

Home Prices in Foggy Bottom for December 2013

Real estate market data for Washington, DC provided by Natalie Dean of  www.washingtondcluxuryhomes.net.

Foggy Bottom Home Prices

We all know that Foggy Bottom is know for its eclectic style of coops and condos. Whether they are uber expensive toggling well over the million dollar mark or moderately priced in the low 200k's, they have fantastic charm and loads of character. We have seen 12 straight months of Median Sold Price increases on condo prices in Foggy Bottom and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a condos in Foggy Bottom but having a good real estate agent who understands the market is a must. There are a number of condos that are awaiting a renovation which also sparks a nice equity increase in your property.  As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Foggy Bottom condo on which you are making an offer.
If you are interested in how much current inventory on the market in Foggy Bottom you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. A note about Foggy Bottom, there is very little inventory. Currently in this area of Washington DC, condos have a median time of 84 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. As the spring market moves in coupled with Low inventory in Foggy Bottom we will probably begin to see multiple offers coming in on homes, quite similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 

 Home Prices for 

Foggy Bottom Real Estate Report Summary

The median sold price in December for condos in Foggy Bottom was $600,000. The list decreased by 9.43% from the previous month.

The average sale price in December overall for homes in Foggy Bottom is $721,833. The sale prices increased by +8.85% from the previous month.

Find Condos for Sale in Foggy Bottom 

Visit my website to Search for Homes in Foggy Bottom or to be notified when Foggy Bottom condos come on the market.
To find out what you home is worth in the current market email me or call 202-438-1056.