What's Hot: The 4 Projects in the Works (Or on Hold) Near DC's Starburst Intersection | This Week's Find: Fit For Art in the Palisades
Home Price Watch -- A Leveling Off in One of DC's Most Popular Housing Markets
A home on the market in AU Park.
For this installment of Home Price Watch, UrbanTurf takes a gander at the market in American University Park, which went from being one of the fastest-paced housing markets in the city to one where things have leveled off a bit.
While sales volume increased this year and homes are spending less time on the market, the median sales price in AU Park has dipped from $991,750 in 2016 to $970,400 in 2017. Average prices for single-family detached homes with four or more bedrooms — AU Park’s most prevalent and popular dwelling type — are the sole property class experiencing lower sales prices, dropping by 11 percent from $1,283,402 to $1,142,555.
story continues belowloading...
story continues above
The inventory of houses on the market in AU Park is also indicative of the decrease in demand, with supply more than doubling over the past year from 0.86 months’ worth in September 2016 to 9 weeks in September 2017. It is possible that many homeowners began listing their properties earlier in 2017 in hopes of taking advantage of the hot market, only to find it more saturated than usual.
Despite evidence that things are calming down from an exceptionally frenzied pace, American University Park remains a competitive local housing market: the average sales price to original list price ratio for the neighborhood still sits at 101.1%, one of the highest in the city.
See other articles related to: american university park, au park, au park home prices, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_leveling_off_in_one_of_dcs_most_popular_housing_markets/13195.
Most Popular... This Week • Last 30 Days • Ever
Our guide for amateur landlords who don't really know what they're doing.... read »
The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »
A large new apartment and townhouse project has been pitched for the growing pipeline... read »
On Friday, Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Ec... read »
In this week's Under Contract, we highlight two homes that found buyers just shortly ... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... read »
Ten years later, plans to construct nearly 150 townhomes at DC's most hotly debated d... read »
A look at the larger residential developments in the works from Cardozo to Mount Vern... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- The Essential Guide to Being an Amateur Landlord in DC
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
- Apartments, A Plaza + Dave Chapelle: The Future Plans for 14th and U
- Under Contract: That Didn't Take Long
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
- Reservoir District: 146 Townhomes Planned at McMillan Site Look For Final Design Approval
- The 9 Developments and 1,250 Units in the Works For Shaw
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro