What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
Home Price Watch: Home Sales Shoot Up in Glover Park
✉️ Want to forward this article? Click here.
![Home Price Watch: Home Sales Shoot Up in Glover Park: Figure 1](https://assets.urbanturf.com/dc/images/blog/2015/10/home_for_sale_glover.jpg)
A Glover Park home currently on the market.
Home sales in Glover Park shot up in 2015, as the rest of the housing metrics for the neighborhood market remained relatively flat.
The neighborhood that sits just to the north of Georgetown saw a 34 percent increase in sales volume between 2014 and 2015, and a 32 percent increase in the number of units that sold. Specifically, 77 homes have sold so far in 2015 compared to 58 last year.
story continues below
loading...story continues above
A look at a number of other statistics reveals that things haven’t changed much since 2014. Median sales prices have risen 1.2 percent, from $365,500 to $369,900. Similarly, the average list price rose less than one percent, and the average sales price-to-original list price ratio increased just about 1.6 percent.
The average days on market figure, however, did jump by about two weeks — from 37 days to 54 days — but this is largely due to a number of outlier homes that took a few months to sell.
Other takeaways from this data:
- Most of the homes were conventionally financed, although 15 were cash transactions, suggesting some investment activity.
- 43 percent of the homes sold this year were condos, and 15 more units sold in 2015 than 2014, contributing heavily to the overall increase in sold dollar volume.
UrbanTurf used data on the legal Glover Park subdivision from real estate data firm RealEstate Business Intelligence for this article.
Similar Posts:
- Home Price Watch: The Hot Market in Crestwood
- Home Price Watch: A Look at Spring Valley
- Home Price Watch: Prices Rise 16 Percent in Dupont Circle
- Home Price Watch: Up In Michigan Park
- Home Price Watch: The Neighborhood Where You Will Pay Above Asking
- Home Price Watch: The 35 Percent Increase in Anacostia
- Home Price Watch: A Good Year for AU Park
- Home Price Watch: Woodridge Prices Shoot Up 20 Percent
- Home Price Watch: The Very Fast Moving Market of Logan Circle
- Home Price Watch: Home Prices in LeDroit Park Increase 14 Percent
- Home Price Watch: Prices Edge up Slightly in Palisades
- Home Price Watch: Prices Jump 13 Percent in Brightwood
- Home Price Watch: Trinidad, Where Prices Jumped 7 Percent
- Home Price Watch: Eckington, Where Median Prices Jumped 19 Percent
- Home Price Watch: The Very Active Housing Market in Columbia Heights
- Home Price Watch: Cash is King in Georgetown
See other articles related to: glover park, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_glover_park_up_across_the_board/10538.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... 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