Home sales in the DC area showed no sign of cooling with the autumn weather. The median number of days on market continued to track near historic lows, while sales prices in most jurisdictions approached new records.
Washington, DC set a new ten-year record for condo/co-op sales at 485 units (up an amazing 69.0%). Condo/co-op sales in the Capitol Hill zipcode of 20002 TRIPLED from last year!
Prince Georges County tapped an overall decade best in the number of townhouse units sold, with Upper Marlboro leading the way.
Montgomery County townhomes reached a two-year best.
The number of closes sales in the city hit 923. The number of new listings soared to 1,618, up 2.1% from last year.
The Numbers Month to Month and Year to Year
New pending sales jumped an impressive 13% from last year to 965.
All of these changes affect your home value. If you want to know the new value of your home, click here!
A few highlights of the current Washington, DC Homes for Sale are shown below and represent a nice cross-section of properties available, under contract, and that have sold.
This Month’s Most Expensive
The most expensive of all Washington, DC Homes sold last month was a new six-bedroom home in the Berkley neighborhood near the Georgetown Reservoir. Amenities included a Yoga Studio, a grand foyer, and a spacious rear patio. It sold for about $5.2 million.
This Month’s Least Expensive
The least expensive of all Washington, DC homes sold was a move-in ready condo in the Bellevue neighborhood of far SW D.C. The closing price was $85,000.
Uptown Sales for September 2020
16th Street Heights
|4739 13th St NW||6||$1,365,000|
|4803 Arkansas Ave NW||4||$1,200,000|
|5714 16th St NW||4||$1,132,000|
|4407 16th St NW||5||$1,075,000|
|1414 Crittenden St NW||5||$915,000|
|1330 Montague St NW||3||$862,000|
|1324 Longfellow St NW||5||$785,000|
|5230 Georgia Ave NW #407||1||$359,900|
|5230 Georgia Ave NW #301||1||$339,900|
|1379 Somerset Pl NW||4||$915,000|
|1347 Somerset Pl NW||4||$850,000|
|5714 5th St NW||5||$823,126|
|6122 7th St NW||4||$819,000|
|816 Tuckerman St NW||4||$817,000|
|520 Quintana Pl NW||3||$749,900|
|6205 16th St NW||3||$742,200|
|6312 7th St NW||3||$720,000|
|526 Tuckerman St NW||4||$701,000|
|6605 8th St NW||3||$675,000|
|5417 9th St NW #1||2||$574,999|
|835 Longfellow St NW||3||$525,000|
|1320 Missouri Ave NW #203||1||$230,000|
|6445 Luzon Ave NW #210||1||$195,000|
|6445 Luzon Ave NW #510||1||$189,900|
|1651 Primrose Rd NW||3||$865,000|
|1644 Roxanna Rd NW||4||$820,000|
|1606 Varnum St NW||6||$1,810,000|
|4540 Blagden Ave NW||3||$1,175,000|
|308 Quackenbos St NW||5||$950,000|
|6122 Blair Rd NW||3||$595,000|
|1210 Holly St NW||5||$1,990,000|
|7534 13th St NW||4||$875,000|
|7102 9th St NW||3||$776,000|
|617 Tewkesbury Pl NW||3||$634,000|
What These Numbers Mean to You
Welp. Last month we asked if “Back-to-School” would finally slow down the powerful DC real estate market and we got our answer:
Low mortgage interest rates and low inventory continue to keep the engine humming, which is great news for home sellers. Buyers continue to have to hustle to find those great deals. Washington, DC did set a new ten-year record for overall new listings, so maybe, maybe, some relief is on the way.
Tune in next month to find out the latest local real estate news.
Love Living DC is Washington’s #1 real estate team for dependable neighborhood expertise. If you have any questions about buying, selling, or investing in DC real estate, feel free to reach out to me anytime. I’d be happy to help.