Home Price Watch: A Good Year for AU Park
✉️ Want to forward this article? Click here.
A home on Albemarle Street in AU Park.
All signs point to American University Park’s housing market having a very good year.
The number of homes sold and the total dollar sales volume are both up approximately 22 percent compared to last year, and prices have risen as well in 2015. Through July, the median price of homes in the neighborhood jumped six percent from $910,000 to $965,000. Of the 63 homes sold in 2015, 41 sold in ten days or less.
story continues below
loading...story continues above
The sustained health of the housing market might be the result of an increase in sales of large, detached homes. Fifty of the homes sold in AU Park in 2015 were detached and 45 were three-bedroom homes or larger. This is a 32 percent increase compared to last year.
A couple more highlights from the neighborhood’s data:
- 75 percent of home purchases were conventionally financed, suggesting most sales were to buyers looking to join the community not flip homes.
- The average sale-to-list price ratio still sits above 100 percent, evidence that homes are selling for above asking more often than not.
UrbanTurf used data on the legal American University Park subdivision from real estate data firm RealEstate Business Intelligence for this article.
Similar Posts:
- Home Price Watch: Woodridge Prices Shoot Up 20 Percent
- Home Price Watch: The Very Fast Moving Market of Logan Circle
- Home Price Watch: Home Prices in LeDroit Park Increase 14 Percent
- Home Price Watch: Prices Edge up Slightly in Palisades
- Home Price Watch: Prices Jump 13 Percent in Brightwood
- Home Price Watch: Trinidad, Where Prices Jumped 7 Percent
- Home Price Watch: Eckington, Where Median Prices Jumped 19 Percent
- Home Price Watch: The Very Active Housing Market in Columbia Heights
- Home Price Watch: Cash is King in Georgetown
See other articles related to: american university park, au park home prices, dc home and condo prices, dc housing prices, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_soaring_interest_in_american_university_park/10277.
Most Popular... This Week • Last 30 Days • Ever
The high-end properties are set between the Potomac River/C&O Towpath and multiple pa... read »
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
The largest residential conversion planned in the neighborhood is continuing to move ... read »
Plans for the large new residential project are looking to get started again after mo... read »
The residential pipeline in Adams Morgan has slowed in recent years, and now there ar... read »
- Two Stylish Single-Family Homes Debut in Walkable MacArthur Boulevard Location
- First-Timer Primer: What is a 203K Loan?
- 300-Unit Office-To-Residential Conversion in Georgetown Files Updated Design
- Plans Filed For 230-Unit Development At Brookland Metro Station
- The 4 Developments In The Works In Adams Morgan
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