Home | Newsletter | Advertise
loading...

Home Price Watch: Home Prices in LeDroit Park Increase 14 Percent

  • July 20, 2015

by Tianna Mañón

Home Price Watch: Home Prices in LeDroit Park Increase 14 Percent: Figure 1

In this week’s Home Price Watch, we head just north of UrbanTurf headquarters to LeDroit Park where prices have risen in 2015 even as sales dropped off.

The median sales price of LeDroit Park homes increased about 14 percent in 2015, rising to $725,000 from $640,000 in 2014. And the folks that listed their homes this year likely got more than they were asking for. The sales to original list price ratio for the neighborhood is 103 percent for the first six months of 2015.

While prices are on the rise, 2015 is not quite as hot a year from the sales perspective as 2014 was in LeDroit. Total sales volume dropped 11 percent, and the total number of units sold fell by 20 percent, from 59 to 47.

Home Price Watch: Home Prices in LeDroit Park Increase 14 Percent: Figure 2
Click to enlarge.

Here are a few other takeaways from the data:

  • Like virtually everywhere in DC, the market in LeDroit Park is moving quickly. 48 percent of the homes sold in the neighborhood this year did so in the first 10 days they were on the market.
  • There were only seven all-cash sales in the neighborhood this year, an indication that its reputation as a place where investors come to find flips is waning.

UrbanTurf used data on the legal LeDroit Park subdivision from real estate data firm RealEstate Business Intelligence for this article.

Similar Posts:

See other articles related to: ledroit park, home price watch

This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_ledroit_park_sells_fewer_units_but_for_more/10137

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