What's Hot: 800 Acres, 4 Miles of Shoreline, A $10 Million Price Tag | A Shipping Container ADU One-Stop Shop Launches in DC
The $108,000 Single-Family Home Profit

It is no secret that the profits reaped from selling residential property in the District over the last two years have been notable. A new post from District Measured reveals just how profitable it was to sell a single-family home in fiscal year 2015.
The DC Office of Revenue Analysis blog reports that the median profit gain for sellers of single-family homes in the District during the fiscal year was $108,000. As UrbanTurf reads the analysis, this profit margin is limited to single-family homes, and does not include condos and co-ops.
Unsurprisingly, the largest profit gain was for sellers who had owned their homes for over 14 years. However, the median profit gain for those who had owned a single-family home for three years or less was a tidy $132,000. The second statistic correlates with a report out from DataLensDC today that looks at the DC neighborhoods with the most flipped houses over the last year.
Of course, for those that bought a single-family home in 2008, shortly before the national market crashed, the profits were smaller with a median gain of $46,000.
This article originally published at http://dc.urbanturf.com/articles/blog/the_108000_single_family_home_profit/10493
Most Popular... This Week • Last 30 Days • Ever

UrbanTurf Listings is a premium property listings service that showcases some of the ... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The hyper-competitive, ever-shifting conditions of the DC-area housing market are cha... read »

Backyard Container aims to simplify the costs and process of getting a functional shi... read »

Since the last time UrbanTurf took a look at the South Capitol Street corridor, over ... read »
- UrbanTurf Listings: New This Week
- A Virtual Tour of More Than 35 DC-Area Developments
- The Price is Right? How Home Pricing and Buying Strategies Are Changing in DC's Competitive Market
- A Shipping Container ADU One-Stop Shop Launches in DC
- 1,900 Units Down, 1,900 to Go: The Status of the South Capitol Street Pipeline
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro