Home | Newsletter | Advertise
loading...

Home Price Watch: The High Volume Market of Columbia Heights

  • September 6th 2016

by Nena Perry-Brown

Home Price Watch: The High Volume Market of Columbia Heights: Figure 1
Inside a Columbia Heights rowhouse.

Early 2016 was a good time to track the recovery of DC-area housing submarkets since the 2008 recession. Now, UrbanTurf has turned our attention to how neighborhood housing markets have performed thus far this year as compared to the same period in 2015.

For this week’s edition of Home Price Watch, we are taking a look at Columbia Heights, where the neighborhood housing market, like Logan Circle, is shifting from trendy to stable.

Despite the volume of units sold in Columbia Heights dropping by 11 percent, it still remains one of the busiest markets in the city with 317 listings sold thus far this year.

Home Price Watch: The High Volume Market of Columbia Heights: Figure 2
 Click to enlarge.

That said, metrics in the neighborhood have started to stabilize and even drop in certain areas of the market. The median sales price fell by 1.74 percent, from $575,000 through July 2015 to $565,000 through July this year. The average list price fell slightly as well, and homes are spending about seven days longer on the market on average.

While areas of the market are plateauing, there are still signs that Columbia Heights remains a hot market. More than half the 317 homes sold this year did so within 10 days — and the sales price to original list price ratio still sits around 100 percent.

Housing data for the legal subdivision of Columbia Heights for this article was provided by RealEstate Business Intelligence.

Similar Posts:

This article originally published at https://dc.urbanturf.com/articles/blog/the_high_volume_market_in_columbia_heights/11635.

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