Home | Newsletter | Advertise
loading...

Ten DC Neighborhoods Where You Are Likely Paying Above Asking

  • Aug 4th 2014

by Lark Turner

Ten DC Neighborhoods Where You Are Likely Paying Above Asking: Figure 1
Inside a Kent home that sold for $55,000 above asking.

Last year, UrbanTurf looked at the six DC zip codes where homes were selling above their list prices. This year, with the benefit of RealEstate Business Intelligence’s newly-segmented data, we’re doing it again, this time with an eye on neighborhoods.

So far in 2014, homes in the ten neighborhoods below have been selling at or above their asking price, on average. Neighborhood sales were calculated according to the legal subdivision. Many of the neighborhoods are small and have had only a handful of sales so far in 2014.

Ten DC Neighborhoods Where You Are Likely Paying Above Asking: Figure 2

Woodridge, Kent, Chevy Chase DC and Wakefield are the four neighborhoods (of those listed) where the average sales-to-original list price ratio is higher than 2013.

A few more interesting points about the data:

  • Chevy Chase DC is a pretty great place to be selling a home in 2014. In addition to being one of just four neighborhoods showing year-over-year growth in the number of homes going for above list, the median sales price in the neighborhood has jumped $140,000 year-over-year. About 100 homes have sold in the neighborhood so far in 2014.
  • The neighborhood with the highest sales-to-original list price ratio in 2014 is American University Park (101.14%).
  • In six of the neighborhoods listed above, homes are selling in ten days or less so far in 2014.

See other articles related to: above asking, rbi, realestate business intelligence

This article originally published at https://dc.urbanturf.com/articles/blog/ten_dc_neighborhoods_where_you_are_paying_above_asking/8819.

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!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse