Home Price Watch: Trinidad, Where Prices Jumped 7 Percent

by Tianna Mañón

Home Price Watch: Trinidad, Where Prices Jumped 7 Percent: Figure 1
A Trinidad home that sold in May.

In this week’s Home Price Watch, we take a look at Trinidad, where sales and prices are up.

This northeast neighborhood sold 13 more units through May this year over last year and saw its median sales price increase 6.9 percent over the same time period, jumping from $393,000 to $420,000.

Between January and May this year, 75 homes sold in Trinidad, up from last year’s 62. That led to a big increase in sold dollar volume for the neighborhood, from about $24 million last year to $32 million this year.

Surprisingly, the median sales price increased even though many more condos and co-ops sold this year than last; 23 condos and co-ops have sold in Trinidad so far this year, up from just 5 last year, and those units are selling for an average of about $300,000, up significantly from last year’s average of about $200,000. Homes also spent much less time on the market this year than last year. The average number of days a home spent on the market dropped from 35 days last year to 24 days this year, a decrease of 31 percent.

Here are some other takeaways from the data:

  • List prices are up, meaning homeowners are likely aware of the value increase in the neighborhood. But as a result sellers are getting a tiny bit less on their asking price this year. The average sold price to original list price ratio was 98.8 percent this year, down very slightly from last year’s 99.2 percent.
  • 10 of the homes sold went to cash buyers, meaning there’s likely still investment activity in the neighborhood. But a smaller proportion of sales were from investors this year than last.
  • The neighborhood is attractive to families, too. In addition to condos, sales of homes with four or more bedrooms were up in Trinidad. 22 have sold so far this year, compared to 15 sold in the same time period last year. The average price? $565,000 this year, up from $503,000 in 2014.

UrbanTurf used data on the legal Trinidad subdivision from real estate data firm RealEstate Business Intelligence for this article.

Similar Posts:

See other articles related to: trinidad, home price watch

This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_trinidad_where_prices_jumped_7_percent/10028


  1. Scoop said at 10:20 pm on Tuesday June 23, 2015:
    We took a bit of a nervous gamble on this troubled neighborhood a few months ago and have been pleasantly surprised. Everyone has been really nice to the point where we're trying to keep track of the names of all of neighbors who have introduced themselves and welcomed us. We love the beautifully renovated house on a hill that we got for a fraction of what it would have cost on "THE" Hill. Also appreciate the convenience to H Street restaurants and bars, downtown, Capitol Hill and the quick access to major highways such as BW Parkway and 395. Not sugar coating it - it's still sketchy at times, for sure, but so is Hill East, where we moved from. Trinidad seems to be headed in a safer direction, which both new and older residents seem to appreciate.
  1. EckingtonNEDC said at 1:04 pm on Wednesday June 24, 2015:
    Scoop-- Eckington here, glad to hear whenever there's a positive turn around happening in troubled or once troubled neighborhoods. I'm wishing for continued improvement with DC as a whole also.

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!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Looking to Give People A Reason to Stay Past 6pm
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Hitting Its Growth Spurt
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »


Profiles of 14 neighborhoods in suburban Maryland

Small-Town Living in the State Capital
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
DC’s Northern Neighborhood on the Cusp
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Getting a Vibrancy of Its Own
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Not To Be Confused With Takoma Park
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

New Development Could Shake Up Pastoral Peace
A Little Bit of Country Just Inside the District’s Borders
Not to Be Confused With Bloomingdale
Fort Totten
Five Years Could Make a Big Difference
H Street
A Place To Party, and To Settle Down
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
Evolving from a Brand to a Neighborhood
Ripe for Investment Right About Now
The Difference 5 Years Makes
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »