What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
Home Price Watch: Eckington, Where Home Prices Rose More Than 7 Percent
A home on the market in Eckington.
In this week’s Home Price Watch, we take a look at Eckington, where home values have risen steadily since last year.
Eckington sits between North Capitol Street to the west, the Metropolitan Branch Trail to the east, Rhode Island Avenue to the north and Florida Avenue to the south.
The value of homes in the neighborhood has risen 7.14 percent over the past year, according to data provided by RealEstate Business Intelligence (RBI). The segmented data from the real estate data firm shows a year-over-year snapshot in the advertised Eckington subdivision between January-September 2013 and January-September 2014.
The data show slightly more homes hitting the market in Eckington this year over last year, with six more homes sold in the same period in 2014. That change increased the neighborhood’s sold dollar volume from $40,778,210 to $45,855,868, an increase of 12.45 percent.
Compared to other neighborhoods we’ve recently taken a look at, Eckington’s market has performed well. During a similar period LeDroit Park’s numbers barely shifted, while Glover Park saw a slowdown. But Eckington is not at the top of the pack: Woodridge saw median sales jump 12 percent.
Here are a few more takeaways from the data:
- Sellers have picked up on the median price increase in the neighborhood; the average list price jumped 7.70 percent from $466,183 to $502,092.
- Buyers aren’t quite meeting those increased list prices. The ratio of average sold price to average list price dropped 2.73 percent, from 102.5 percent to 99.7 percent.
- The time homes spent on the market edged slightly downward, from an average of 34 days to 33 days. The majority of homes sold in the first 20 days on the market.
See other articles related to: eckington, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_eckington_where_home_prices_rose_more_than_7_percent/9113.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
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