Home Price Watch: Prices Edge up Slightly in Palisades
A home on Macarthur Terrace in Palisades.
In this week’s Home Price Watch, UrbanTurf heads over to Palisades, a neighborhood to the west of Georgetown where homes don’t come on the market very frequently.
Between January and June 2015, the median sales price of homes in the Palisades increased 2.8 percent from $905,000 to $930,500, a small but notable increase when contrasted with the drop in total sales volume, which fell 23 percent.
story continues below
loading...story continues above
Some more takeaways from the data:
- The average time that homes are spending on the market increased 28 percent, from 42 days in 2014 to 54 days this year.
- Most of the homes sold this year were conventionally financed, suggesting investors aren’t active in the area.
- Sellers are getting about the same amount as 2014 sellers. The data showed a negligible one percent increase, from 99 percent last year to 98 percent.
UrbanTurf used data on the advertised Palisades subdivision from real estate data firm RealEstate Business Intelligence for this article.
Similar Posts:
- Home Price Watch: Prices Jump 13 Percent in Brightwood
- Home Price Watch: Trinidad, Where Prices Jumped 7 Percent
- Home Price Watch: Eckington, Where Median Prices Jumped 19 Percent
- Home Price Watch: The Very Active Housing Market in Columbia Heights
- Home Price Watch: Cash is King in Georgetown
- Home Price Watch: The Increasingly Competitive Market in Bloomingdale
- $1 Million is the New Normal in Chevy Chase DC
- Home Price Watch: A 38 Percent Rise in Takoma Park
- Home Price Watch: Petworth, Where Prices Are Up 23 Percent
See other articles related to: home price watch, palisades
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_palisades_2015/10110.
Most Popular... This Week • Last 30 Days • Ever
When Dan and Tanya Snyder couldn't sell their 30,000 square foot home , the former ow... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
This weekend, the Gallery-Place Chinatown Task Force pitched its ideas to Mayor Murie... read »
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
For years, UrbanTurf has reported on the hefty profits that DC-area home sellers have... read »
- Dan Snyder Gave His Potomac Home Away, And Now It's Coming Back On The Market
- How Does Cash-Out Refinancing Work?
- A Gallery Walk, A Night Market: 8 Big Ideas Pitched For DC's Chinatown
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- As Profits Rise, Capital Gains Tax Hits More DC Home Sellers
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