Market Watch 20005: Logan Circle, Thomas Circle

by Keith Gibbons

Market Watch 20005: Logan Circle, Thomas Circle: Figure 1
Homes on Vermont Avenue in 20005

Housing Market Watch is a weekly feature on UrbanTurf in which Keith Gibbons, the brains behind DCHousingPrices.com analyzes recent MRIS statistics for a specific DC area zip code to help paint a picture of the housing market in that area.

In Housing Market Watch this week, UrbanTurf analyzes March home sales for the 20005 zip code, using custom data provided by MRIS.

20005 is roughly bounded by Q Street on the north, F Street NW on the south, 11th Street NW on the east, and 16th Street NW on the west. It’s home to portions of Logan Circle and the neighborhood that borders Thomas Circle to the south.

Eleven units sold in zip code 20005 in March 2011 and here is a chart providing a year-over-year comparison of sales volume, median price and average price:

Market Watch 20005: Logan Circle, Thomas Circle: Figure 2
20005 Market Summary

Compared to March 2010, aggregate dollar volume of homes sold was down 13.6 percent, but the average sales price increased 41.39 percent, and the median sales price rose 30.59 percent.

No single-family homes were sold in March in 20005, and few single-family homes ever sell in the zip code, so the fact that none sold last month is not unusual. The eleven condos that sold ranged in price from $200,000 to $2.5 million. The one condo that was purchased for between $1 and 2.5 million probably skewed the metrics reported in this post.

Market Watch 20005: Logan Circle, Thomas Circle: Figure 3
Median home sales prices in 20005 since April 2010

In March, the average sales price in 20005 was 16.6 percent higher than the rest of the District; its median sales price, 37.55 percent higher. At last month’s sales pace, there’s a 3.5-month’s supply of condos for sale in 20005. Since no single-family homes sold in March and few sold during the past 12 months, it’s difficult to quantify the supply for such homes based on sales, other than to say five single-family homes were listed in March. Regardless, sellers should do well. According to MRIS, properties in 20005 sold for 97 percent of listing price last month.

As the statistics indicate, 20005 offers slim pickings for those who want to buy something other than a condo. (95 percent of all units sold in the past year were condos.) Given the paucity of non-condos sold in the zip code, those who do buy a single-family home in the area should be aware that finding potential comparable sales to be used in the mortgage appraisal process could be tough.

Below are charts that provide more detailed statistics of the market in 20005.

Market Watch 20005: Logan Circle, Thomas Circle: Figure 4
Average Price

Market Watch 20005: Logan Circle, Thomas Circle: Figure 5
Unit Sales Volume

Market Watch 20005: Logan Circle, Thomas Circle: Figure 6
Dollar Volume

Next Week: A look at the housing market in the northern Virginia zip code of 22209.

Similar Posts:

Market Watch 20005: Logan Circle, Thomas Circle: Figure 7

This article is based on custom data provided to UrbanTurf by MRIS, a developer of real estate technology and information as well as the largest multiple listing service (MLS) in the United States.

See other articles related to: thomas circle, market watch, logan circle, dclofts, 20005

This article originally published at https://dc.urbanturf.com/articles/blog/market_watch_20005_logan_circle_thomas_circle/3381


  1. Andrew said at 10:28 pm on Monday April 25, 2011:
    Why don't you use median value instead of average to control for outliers? Or, if you want to just remove it from the results, It looks like the expensive condo that sold in March sold for about 1.3M. Therefore, you could say that 10 condos sold for 5.2 million, or about 520,000 each. That's still a fantastic 20% uptick from last march.
  1. Tom said at 8:13 pm on Monday April 25, 2011:
    I would've thunk that there would be at least a handful of houses sold each month, but guess not! Great analysis as always.
  1. van said at 4:41 pm on Wednesday April 27, 2011:
    This zip code is amazing. I walk by homes with parking spaces in this area and drool. I can't imagine what it will look like in 10 years.

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 »