DC Home Sales Analysis: Kent’s Still Expensive, Glover Park Isn’t

by Mark Wellborn

DC’s home sales guru Keith Gibbons of DCHousingPrices has done some preliminary sales analysis for the month of July. As we noted when we highlighted Keith’s analysis from June, this is a great resource for any prospective home buyer who is unsure of which neighborhoods they can afford in DC. Below is the chart of Keith’s work as well as some highlights that we picked out.

  • The top neighborhoods for sales in July were: Old City I and II with 217 total transactions (the neighborhood led the way in June, too, with 224 sales), Columbia Heights (47 sales) and Petworth (33 sales).
  • The neighborhood with the highest average price for home sales was once again Kent ($1.549 million), followed by Woodley ($1.465 million). The sales price in Glover Park surprised us the most, as the area just north of Georgetown had an average sales price of just north of $400,000.
  • Price droppers: The average sales price for properties in the following neighborhoods dropped between June and July: Capitol Hill (approx. $80,000), Chevy Chase ($25,000), Georgetown (approx. $120,000) and LeDroit Park ($40,000).

This article originally published at http://dc.urbanturf.com/articles/blog/dc_home_sales_analysis_kents_still_expensive_glover_park_isnt/1379


  1. Christopher said at 12:31 pm on Tuesday October 6, 2009:

    There’s one thing that is very misleading about the assertion that Glover Park isn’t looking as expensive these days.  The statistics cited above obviously are primarily for condos.  The cheapest sales price for a single family home (rowhouse in this case) in the past year was $597K, and that was for a house that required major renovation.  The cheapest home listing now is $599k, and that listing again states clearly that the house needs major work.  Houses in Glover Park sold for $245K-$300K in 1996.  No one is saying that prices wil return to that level.  But they still have a way to drop from the highs of 2006 and 2007 when listings were most often in the $750-$950K range.  Unfortunately, too many sellers are still listing their houses upwards of $700K.  That, in this new economic environment, cannot be called inexpensive—or realistic for that matter.

  1. David said at 10:13 pm on Tuesday October 6, 2009:

    It seems like houses and condos should be separated to make the numbers meaningful.

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