What's Hot: Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million | The Smallest Home on the Market in DC
Home Price Watch: A 10 Percent Increase in 16th Street Heights
A home in 16th Street Heights.
UrbanTurf began 2016 with a look at how various neighborhood housing markets in the DC area fared over the past eight years. Now that we are past the mid-year mark, we have turned our attention to how these markets have performed this year compared to the first half of 2015.
For this week’s edition of Home Price Watch, we take a look at the 16th Street Heights subdivision, where the both home prices and home sales have increased since last year.
The median sales price for homes in 16th Street Heights increased by 10.6 percent between July 2015 and July 2016, a $70,000 bump. While dwellings have sold at higher prices, there has also been more turnover in the market — 55 units were sold through July of this year as compared to 47 by this time last year — an increase of 17 percent.
story continues belowloading...
story continues above
Homes in 16th Street Heights are spending longer on the market this year than last — 38 days on average compared to 32 days through last July. This statistic may be more indicative of a few homes skewing the numbers, as roughly half of all units sold this year did so within ten days of hitting the market.
Higher sales prices and volume could be leading the average listing price in the neighborhood to go up, as it increased 16 percent, from $626,681 last year to $727,798 this year. However, the increased listing price has been coupled with homes this year selling for an average of 98.8 percent of the listing price rather than 99.4 percent during this same period last year.
Housing data for the legal subdivision of 16th Street Heights for this article was provided by RealEstate Business Intelligence.
- Home Price Watch: Prices Rise 21 Percent in Deanwood
- Georgetown Home Buyers Still Cash-Rich and Quick to Commit
- Home Price Watch: Homes Selling Fast in Eckington as Supply Increases
- The Mount Pleasant Housing Market Steps on the Gas
- Home Price Watch: Takoma Park Prices Rise 20 Percent
- Home Price Watch: The Fast-Moving Market in Petworth
See other articles related to: 16th street heights, dc area market trends, dc home prices, dc home sales, dc housing prices, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/hpw_16_percent_increase_listing_price_16th_street_hts/11562.
Most Popular... This Week • Last 30 Days • Ever
Our guide for amateur landlords who don't really know what they're doing.... read »
Whole Foods announced yesterday that the 47,000 square foot store will open on June 2... read »
The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »
A large new apartment and townhouse project has been pitched for the growing pipeline... read »
With Dan and Tanya Snyder moving out of River View, the region may soon have a very e... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
With a groundbreaking ceremony on Wednesday, the redevelopment of the Georgetown Wes... read »
The 23,600 square-foot mansion just hit the market, and would set a record if it fetc... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... 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 »
- The Essential Guide to Being an Amateur Landlord in DC
- Whole Foods at Walter Reed to Open at End of June
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
- Will This Be the Most Expensive Home on the Market in the DC Area?
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- The Four Seasons Private Residences in Georgetown Break Ground
- DC's Blaine Mansion Lists For $30 Million, A Potentially Record-Setting Price in the City
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
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