In this week’s Home Price Watch, UrbanTurf’s taking a look at Dupont Circle using segmented data from real estate data firm RealEstate Business Intelligence (RBI). This data reflects a year-over-year snapshot between the first quarter of 2013 and 2014.
The neighborhood is roughly defined by M Street to the south, 22nd to the west, Florida Avenue to the northwest, and 16th Street to the east, though RBI uses data from listings to calculate the borders of neighborhoods.
As we’ve seen in other popular neighborhoods in the DC area, like Capitol Hill, Dupont had slightly fewer sales and higher list prices this year compared to last.
Here are some more takeaways from the data:
- Though average list prices rose about 20 percent, the median sales price barely changed, a clear sign that a big sale or two in the neighborhood swayed the average.
- That 1-2 big sale effect can also be seen in the shift with average sold prices. The median sold price was $406,500, up from last year’s $401,388, but only by 1.27 percent. By contrast, the average sold price rose 16 percent.
- Homes are spending a little less time on the market this year — 41 days in 2013 versus 35 days this year.
- Just over half (13 of 24) of the homes sold so far in 2014 were on the market for 20 days or less.
This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_dupont_circle_buying_as_expensive_as_last_year/8533
Most Popular... This Week • Last 30 Days • Ever
A look around DC to see where home sellers are dropping their prices.... read »
The grocer has announced plans for other stores in Skyland and Columbia Heights.... read »
The new five-level residential project is planned for the buildings at 1365-1375 H St... read »
The new store will open at 9am on July 13 at the City Ridge development.... read »
Federal Realty Investment Trust has submitted preliminary plans to the Montgomery Cou... read »
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... 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 »
The eight-bedroom, 35,000 square-foot home known as The Cliffs hit the market Wednesd... read »
Brookfield Properties is moving forward with development plans for additional sites i... 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