A Trinidad home that is now under contract.
In this week’s installment of Home Price Watch, UrbanTurf takes a look at Trinidad, where sales are heating up despite prices remaining flat.
Thus far in 2017, the housing market in the Northeast DC neighborhood has seen significantly higher sales volume than last year, with dollar volume and number of units sold rising by 20 percent and 15 percent, respectively. Homes are also selling much faster than last year, selling on average in 40 days rather 52 last year.
The increased and rapid sales pace could be attributed to the fact that, unlike other neighborhoods in DC, prices haven’t risen in Trinidad this year. Average prices dropped slightly for the neighborhood’s most popular property type — rowhouses with three or more bedrooms, and condo prices dropped by about 5 percent.
Months of supply in Trinidad
Also bucking another citywide trend, the housing supply in the neighborhood more than doubled over the past year, from 0.93 months’ worth in May 2016 to over two months in May 2017.
Housing data for the legal subdivision of Trinidad was provided by RealEstate Business Intelligence. Ledroit Park is nestled between Bladensburg Road NE and Florida, West Virginia and New York Avenues NE.
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_sales_rise_in_trinidad_as_prices_remain_flat/12683.
Most Popular... This Week • Last 30 Days • Ever
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
When sellers haven't quite lined up their next house before their settlement date com... read »
In this edition of First-Timer Primer, we look into the question of how to determine ... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Here's what you need to know about reporting profit made from the sale of your home.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
In this edition of First Timer Primer, we take a closer look at what you are actually... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
A recent transaction shows that the housing market isn't cooling off everywhere.... 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 »
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