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
Most Popular... This Week • Last 30 Days • Ever
The Brooks—a collection of 89 elegantly appointed condominiums at The Parks at Walt... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... 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