Rowhouses in Kalorama.
A few weeks ago, UrbanTurf restarted its semi-regular feature, Home Price Watch, where we analyze the housing markets in various zip codes around the DC area using numbers provided by RealEstate Business Intelligence (RBI).
The area contains a mix of very tony houses and small condos and co-ops. Last year, 20008 revealed a market of detached homes and townhouses with some of the highest median prices in DC — at $1,290,000 and $955,050, respectively — and condos with much lower price tags, with a median sale price of $376,000.
The high price trend continued this year. While the median price of a condo actually dropped slightly, to $371,000, the median price for detached homes rose slightly, to $1,407,500.
The most notable change, however, was in the category of townhouses: median sale prices leapt up to $1,318,500 this year, an increase of 35 percent from 2012. Despite the high prices, townhouses sold faster than any other property type in the zip code, spending on median just 8 days on the market.
- Home Price Watch: 20007—DC’s Toniest Zip Code
- Home Price Watch: Townhomes Break $1 Million in 20009
- Home Price Watch: Rising 15 Percent a Year in Bloomingdale and LeDroit
- Home Price Watch: Climbing on Capitol Hill and Hill East
This article originally published at http://dc.urbanturf.com/articles/blog/home_price_watch_townhouse_prices_increase_by_35_percent_in_20008/7561
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