Home | Newsletter | Advertise
loading...

The $108,000 Single-Family Home Profit

  • October 22nd 2015

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

The $108,000 Single-Family Home Profit: Figure 1

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 https://dc.urbanturf.com/articles/blog/the_108000_single_family_home_profit/10493.

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. 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