Home Price Watch: Sales Rise in Trinidad as Prices Remain Flat
A Trinidad home that is now under contract.
In this week’s installment of Home Price Watch, UrbanTurf takes a look at Trinidad, where sales are heating up despite prices remaining flat.
Thus far in 2017, the housing market in the Northeast DC neighborhood has seen significantly higher sales volume than last year, with dollar volume and number of units sold rising by 20 percent and 15 percent, respectively. Homes are also selling much faster than last year, selling on average in 40 days rather 52 last year.
The increased and rapid sales pace could be attributed to the fact that, unlike other neighborhoods in DC, prices haven’t risen in Trinidad this year. Average prices dropped slightly for the neighborhood’s most popular property type — rowhouses with three or more bedrooms, and condo prices dropped by about 5 percent.
story continues below
loading...story continues above
Months of supply in Trinidad
Also bucking another citywide trend, the housing supply in the neighborhood more than doubled over the past year, from 0.93 months’ worth in May 2016 to over two months in May 2017.
Housing data for the legal subdivision of Trinidad was provided by RealEstate Business Intelligence. Ledroit Park is nestled between Bladensburg Road NE and Florida, West Virginia and New York Avenues NE.
See other articles related to: home price watch, trinidad, trinidad home prices
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_sales_rise_in_trinidad_as_prices_remain_flat/12683.
Most Popular... This Week • Last 30 Days • Ever
If there was ever a place where the old adage “one man’s trash is another man’s... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
The median price of a home in the region in April rose to $640,000, well above the pr... read »
This week's Best New Listings includes a four-bedroom home in Hyattsville, a chic Dup... read »
The question of too many schools; the dog-friendly rental cities; and the changes afo... read »
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- DC-Area Home Prices Shatter Record in April
- Best New Listings: 140 Years in Hyattsville, 100 Years in Bethesda
- Friday's Must Reads
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