With the spring housing market in full swing, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to American University Park.
For the last few years, AU Park has been one of the fastest-moving and most competitive housing markets in DC, and in 2019, it might be leading the way for both those attributes. As the selection of statistics below show, homes are selling extremely quickly and for well above asking price in the neighborhood which results in it having one of the lowest supplies of homes for sale in the city.
- 104% -- The average sales price to original list price ratio for homes that sold this year in AU Park.
- 78% -- The percentage of homes in AU Park that sold in ten days or less this year.
- $1,316,364 -- The average price for a detached house with four or more bedrooms.
- 12 days -- The supply of homes for sale in April, down 66 percent compared to last year.
- 2.33 -- The contract ratio in April (the total number of homes under contract in a given period to the overall number of active listings), one of the highest ratios in the city.
- High Home Prices, Higher Demand on Capitol Hill
- Pricey, But Competitive: The Chevy Chase DC Housing Market, By the Numbers
This article originally published at http://dc.urbanturf.com/articles/blog/au-park-remains-one-of-the-most-competitive-housing-markets-in-dc/15422
Most Popular... This Week • Last 30 Days • Ever
The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »
The most detailed rendering yet has been unveiled for the 310-unit redevelopment of t... read »
A look around DC to find the most equity-rich neighborhoods.... read »
Developments both big and small are continuing to churn throughout the Anacostia area... read »
A report on the DC region's housing market in April reveals how interest rates above ... read »
Our guide for amateur landlords who don't really know what they're doing.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
When you buy a home in the District, you will have to pay property taxes along with y... read »
Brookfield Properties is moving forward with development plans for additional sites i... read »
A month after finding a new Virginia home, Washington Capitals forward T.J. Oshie ha... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro