Home | Newsletter | Advertise
loading...

Home Price Watch: Home Sales Shoot Up in Glover Park

  • November 3rd 2015

by Tianna Mañón

Home Price Watch: Home Sales Shoot Up in Glover Park: Figure 1
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.

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.

Home Price Watch: Home Sales Shoot Up in Glover Park: Figure 2
 Click to enlarge.

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:

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.

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