Home | Newsletter | Advertise
loading...

AU Park Remains One of DC's Fastest Moving Housing Markets

  • August 28th 2018

by UrbanTurf Staff

AU Park Remains One of DC's Fastest Moving Housing Markets: Figure 1
A home that sold earlier this year in AU Park. 

The housing market in American University Park continues to be one of the most competitive and fastest moving markets in DC. 

Here are the three statistical metrics that illustrate the climate of the market in AU Park:

  • The average sales price to list price ratio so far in 2018 sits at 101.5 percent, the second highest level in the city and an indication that homes are regularly selling for above list price in the neighborhood. 
  • 65 percent of homes sold in AU Park this year did so within the first ten days of hitting the market. 
  • At just 6 days, the median days on market for homes in the neighborhood is the lowest for any legal subdivision in DC.

 

The inventory of homes for sale in AU Park has hovered at or below the one-month level since the beginning of the year and that supply constrain is reflected in home prices. Prices rose 6.3 percent over last year to $1.042 million, and listing prices are following suit, increasing 2.5 percent to just over $1 million. 

See other articles related to: american university park, au park, au park home prices

This article originally published at https://dc.urbanturf.com/articles/blog/au-park-remains-one-of-dcs-fastest-moving-housing-markets/14366.

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse