Where in the DC Area Are You Paying Above List Price?

• April 1, 2013

by UrbanTurf Staff

Last week, UrbanTurf, with the help of RealEstate Business Intelligence, provided a rundown of the top five DC zip codes with the highest average sales-to-original-list-price ratio for homes that sold in 2013. The ratio is one of the better indicators of areas in DC where homes are regularly selling for above their asking price.

At the request of a number of readers, we dug into the data and found the ten zip codes in DC, Maryland and Virginia with the highest average sales-to-original-list-price ratio for homes that sold so far this year. RBI’s Corey Hart confirmed that if if a zip code has a 98.5 to 99.5 percent sales-to-original-list-price ratio, a number of homes are selling for above asking price in that area.

Here are the zip codes, in descending order, with the highest ratios so far this year:

DC

• 20005 — 99.4%
• 20017 — 99.2%
• 20002 — 99.1%
• 20001 — 99.1%
• 20009 — 98.5%
• 20010 — 97.4%
• 20003 — 97.2%
• 20011 — 96.5%
• 20007 — 96.5%
• 20008 — 96.2%

Maryland

• 20783 — 106.7%
• 20784 — 102.5%
• 21704 — 99.7%
• 20782 — 99.2%
• 21703 — 98.4%
• 20715 — 98.3%
• 20874 — 98.3%
• 20716 — 98.1%
• 20111 — 98%
• 20607 — 97.7%

Virginia

• 22206 — 99.5%
• 22201 — 99.4%
• 20148 — 99.2%
• 20171 — 98.9%
• 22043 — 98.9%
• 20190 — 98.8%
• 22301 — 98.6%
• 22015 — 98.6%
• 22046 — 98.3%
• 20120 — 98.3%

Note: The Maryland zip codes of 20783 and 20784 where the average sales-to-original-list-price ratio exceeded 100% include Langley Park, Adelphi, New Carrolton, and Landover Hills. The median sales price in these zip codes so far in 2013 is $158,000.

This article originally published at http://dc.urbanturf.com/articles/blog/where_in_the_dc_area_are_you_paying_above_list_price/6863