Home Price Watch: Sales Rise in Trinidad as Prices Remain Flat
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.
story continues below
loading...story continues above
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.
See other articles related to: home price watch, trinidad, trinidad home prices
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
Back in 2022, the DC Zoning Commission gave the green light to a large mixed-use deve... read »
Opening for sales this spring, The Brownstones at Westbard Square will feature 101 ne... read »
Donohoe presented plans on Thursday evening for a new multi-family residential projec... read »
Even with two large apartment buildings delivering in Northern Virginia's National L... read »
The main story for the DC region's housing market in February was the supply of homes... read »
- Raze Application Looks To Pave Way For 700-Unit Development in Brookland
- Coming Soon: New EYA Brownstones at Westbard Square in Bethesda
- Early Plans Unveiled For 130-Unit Development in Friendship Heights
- 3 Down, 7 To Go: A Look At The Thousands of Units Coming to National Landing
- The Return of Supply And Four Other Interesting Stats From The February Housing Market
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