A condo on the market in 20004.
In Home Price Watch, UrbanTurf analyzes the housing markets in various zip codes around the DC area using numbers provided by RealEstate Business Intelligence (RBI).
This week, we examine 20004, the small, downtown zip code that encompasses much of Penn Quarter. It is roughly bounded by 6th Street NW on the east, G Street NW on the north, 15th Street NW on the west and the National Mall on the south.
The area’s limited residential real estate activity over the last two years exists solely in the realm of condos and co-ops. The number of townhouses and detached homes that have sold in the past decade could be counted on two hands.
The sale prices for condos an co-ops in 20004 has been creeping up since the housing crash; this year, the median sale price was $444,500, a bit higher than it was last year, but below the inflation-adjusted median price in 2007.
The condo/co-op market was much more active in 2007 than this year, in both number of units sold and price; in 2007, 65 condos sold at a median sale price of $468,654, accounting for inflation. So far this year, only 48 units have sold.
For a look at home prices in other zip codes around the region, see below:
- Home Price Watch: A 28 Percent Increase in Woodridge and Langdon
- Home Price Watch: Steady in Southwest Waterfront
- Home Price Watch: Townhouse Prices Increase By 35 Percent in 20008
- Home Price Watch: 20007—DC’s Toniest Zip Code
- Home Price Watch: Townhomes Break $1 Million in 20009
- Home Price Watch: Rising 15 Percent a Year in Bloomingdale and LeDroit
- Home Price Watch: Climbing on Capitol Hill and Hill East
This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_condo_prices_creeping_up_in_20004/7810
Most Popular... This Week • Last 30 Days • Ever
The seven-bedroom home hit the market on Friday and was under contract by Sunday.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The project would replace a concrete plant and would deliver the neighborhood's first... read »
Loan recasting is a growing practice- so what is it?... read »
The 25-acre array will produce a quarter of the university's current annual energy co... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The 12,000 square foot replica of 1600 Pennsylvania Avenue went under contract last w... 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