Home | Newsletter | Advertise
loading...

The Staggering Home Price Increase in Shaw

  • November 20, 2015

by Tianna Mañón

The Staggering Home Price Increase in Shaw: Figure 1
A home in Shaw that sold earlier this year.

The rising home prices among certain property segments in Shaw is astonishing, even by DC standards.

Over the last 12 months, the median sales price for all homes in the central DC neighborhood jumped 17 percent. A more granular look at the data, however, shows that the average price for condos jumped from $586,000 to $743,000, a 27 percent increase. The price increase for three-bedroom row houses is even more noteworthy — a jump of 35 percent from $698,000 to $939,000.

And it’s not just prices that evidence the heat of the Shaw market. The median days on market for homes sold this year dropped 29 percent — 24 days to 17 days — compared to last. The average sales price to original list price ratio is also one of the highest in the city at 102.9 percent, a statistic in line with those above and a clear indication that homes are regularly selling above list price.

The Staggering Home Price Increase in Shaw: Figure 2
 Click to enlarge.

Other notable information from this data:

  • Most of the home sales were conventionally financed, suggesting there is little investment activity in these purchases.
  • Six months was the longest a home in Shaw sat on the market in 2015.

UrbanTurf used data on the advertised Shaw subdivision from real estate data firm RealEstate Business Intelligence for this article.

Similar Posts:

See other articles related to: shaw home prices, shaw condos, shaw, home price watch

This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_condo_prices_rise_27_percent_in_shaw/10598

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