Home for sale on 11th Street NE
For years, UrbanTurf has been hoping that RealEstate Business Intelligence (RBI) would figure out a way to start providing housing statistics not just for zip codes in the DC region, but also specific neighborhoods as well.
Well, recently the folks over at RBI started offering that option to some of its customers. Specifically, housing statistics for over 7,000 legal and advertised subdivisions (neighborhoods) around the region are now available. (Any subdivision that averages at least six sales a year is included.)
UrbanTurf gave the new feature a bit of a test drive this week by looking at 2014 statistics in the advertised subdivision for Capitol Hill. Below is a chart with Capitol Hill housing data followed by some interesting highlights that we picked out based on the stats. Our plan is to get a little more in-depth every week with each neighborhood we analyze.
- While sales volume dipped by about 13 percent so far this year, the average and median sales prices rose on Capitol Hill when compared to 2013. The average sold price increased 6.7 percent ($695,971) and the average median price rose 9.4 percent ($670,00).
- Home sellers believe that they can get more this year, as evidenced by the increase in average list price, from $651,144 last year to $699,244 this year.
- The average sales price to original list price ratio has dropped off between 2013 and 2014. Last year at this time it was just over 100%, a sign that homes were regularly selling for over their asking price. This year, that percentage stands at about 97.
- Of the 79 units sold so far this year, nine were purchased in all-cash transactions.
This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_capitol_hill/8365
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