It's been quite a few days since I've posted here at KoitzGroup.com but that's not to say I haven't been chiming in on Washington DC area real estate issues elsewhere. Since I just write the blogs and Kevin puts them online, I'm not sure where they go! But he assured me you'd find a couple of my newer posts at my REW blog. Here's a quick summary of some of this most recent content.
Last week, I wrote an article confessing to have erred in a previous post in which I predicted a quick sale on a certain Bethesda home and what exactly my misstep said about the ever-changing market. Titled "My Bethesda Real Estate Prediction - Eating My Words", it's a fun and quick read!
I followed up my concession of failure (!) with a post I hope you’ll all read titled
Stay tuned for more market reports here and at my REW blog and a new post I’m starting to research regarding the new conforming loan limit. Stay warm out there!
...
| Washington DC Real Estate Sales Report (20008 Zip Code) |
A look into the Washington DC area real estate market through examining micro-markets. This market report centers on data from the NW Washington DC 20008 zip code in January 2007 and January 2008. This affluent area includes a variety of different sub-divisions. Some of the more recognized include Kalorama, Forest Hills, Woodley Park, and portions of both Cleveland Park and Dupont Circle. Here's a review and breakdown:
Washington DC Single Family Homes (Zip Code 20008)
| |
January 2007 |
January 2008 |
Number of Homes Sold
|
8 |
8 |
Total Sold Dollar Volume
|
$10,338,400
|
$11,417,999 |
Average Sold Price*
|
$1,292,300
|
$1,427,250 |
Average Days on Market*
|
56 |
82 |
| Ave. Sales Price as a % of Ave List Price* |
95% |
94% |
Number Sold over $1 M
|
3 |
5** |
...
Hello all: as many of you know from speaking to me directly or reading my previous blog posts, I firmly believe that there is a specific time-frame where the Washington DC area real estate market is most active. I just posted a new entry in my REW blog reporting on my observations about the this "Super Bowl to Mother's Day theory". I hope you get a chance to read it!
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Kensington Real Estate Sales Report
A look into the Washington DC area real estate market through examining micro-markets. In this specific case, we compared home sales data in Kensington Maryland homes (a close-in suburb to the north of Washington DC) in January 2007 and January 2008. Here's a review and breakdown:
Kensington Maryland Homes (Zip Code 20895)
| |
Jan. 2007
|
Jan. 2008
|
|
Number of Homes Sold
|
20
|
8
|
|
Total Sold Dollar Volume
|
$11,064,900
|
$4,291500
|
|
Average Sold Price*
|
$553,245
|
$536,438
|
|
Average Days on Market*
|
80
|
188
|
|
Ave. Sales Price as a % of Ave List Price*
|
...
Bethesda Real Estate Sales Report
A look into the Washington DC area real estate market through examining micro-markets.In this specific case, we compared homes and townhomes sales data in Bethesda "downtown and vicinity" (Zip Code 20814) Maryland inJanuary 2007 and January 2008.Here's a recap and analysis:
Bethesda Homes and Townhomes (For Zip Code 20814)
| |
Jan. 2007 |
Jan. 2008 |
| Number of Homes Sold |
19 |
8 |
| Total Sold Dollar Volume |
$16,899,915 |
$6,855,000 |
| Average Sold Price* |
$889,469 |
$856,876 |
| Average Days on Market* |
78 |
65 |
| Ave. Sales Price as a % of Ave List Price* |
96% |
97% |
| Number Sold over $1 M |
78 |
65 |
...
