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.
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.
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