Home Price Watch: Dupont Circle, Where Buying is Just as Expensive as Last Year
✉️ Want to forward this article? Click here.
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.
See other articles related to: dupont circle, home price watch, realestate business intelligence
This article originally published at https://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
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
Plans for the large new residential project are looking to get started again after mo... read »
The Wall Street Journal is reporting that Jeff Skoll has purchased two homes on nine ... read »
The residential pipeline in Adams Morgan has slowed in recent years, and now there ar... read »
The Sidney features 48 beautifully designed condos, and is one of DC’s only large c... 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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro