With the spring housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Chevy Chase DC.
Chevy Chase is perennially one of the more competitive DC neighborhood housing markets where high prices, high demand and low supply are constant themes. While UrbanTurf has anecdotally heard that many of these things represented the 2020 market pre-COVID, homes sales have already dropped off compared to last year. It will be interesting to see how the virus affects things in the coming months.
Below are some statistics that UrbanTurf compiled about the Chevy Chase market.
- $1.045 million -- The average home sales price in Chevy Chase DC in 2020, down slightly from 2019.
- 30 -- The number of homes sold so far in 2020, down 19% compared to last year.
- 3 weeks -- The supply of homes on the market in March.
- 1.73 -- The contract ratio in March, meaning that almost two homes went under contract in the month for every active listing.
- 53% -- The percentage of homes that sold within ten days of being listed in 2020.
- The Capitol Hill Housing Market, By the Numbers
- Still One of DC's Priciest: The Georgetown Market, By the Numbers
This article originally published at http://dc.urbanturf.com/articles/blog/the-chevy-chase-market-by-the-numbers/16764
Most Popular... This Week • Last 30 Days • Ever
The H Street Corridor once epitomized DC's development boom, but construction activit... read »
UrbanTurf is taking a look at what we think will be the three metrics that will deter... read »
A look at the close-in cities in Maryland and Virginia with the lowest supply of home... read »
Built in 1840, the home has been home to members of Congress and presidential cabinet... read »
The gorgeous boutique condominium is ideally located on the border of Columbia Height... read »
UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The Shaw pipeline is starting the year off hot.... read »
The upzoning would mandate additional Inclusionary Zoning units for developments alon... read »
Is U Street regaining steam as the development center of gravity in the neighborhood?... 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