BCCDC Real Estate by Marcie Sandalow

AU Park/Tenley, DC 20016 Market Report, June 2010

said on July 31st, 2010 filed under: District of Columbia, State of the Market

Market Watch purple
In June of 2010 there were 43 homes that closed within the month for zip code 20016  in the District of Columbia (AU Park/Tenley/ Palisades).  This was an increase of 2 units, as there were 41 homes that closed in June of 2009.

The average list price for homes that closed in June of 2009 was $940,160
The average list price for homes that closed in June of 2010 was $1,080,053

The average sale price for the homes that closed in June 2009 was $830,598
The average sale price for the homes that closed in June 2010 was $1,035,719

The average Days on Market for homes that closed in June 2009 was 88 days.
The average Days on Market for homes that closed in June 2010 was 48 days.

39 homes went under contract in 20016 DC in the month of June 2010.  The average list price of homes that went under contract was $$1829,833.  The average Days on Market for these 20016 DC  homes was 36 days.

January – December 2008 & 2009 Market Statistics for 20016 DC

In 20016 DC for the period of January to December 2008 there were 408 properties sold.
In 20016 DC for the period of January to December 2009 there were 419 properties sold.

In 20016 DC for the period of January to December 2008 the average list price was $892,975, the average sales price was $814,681 and the average Days on Marketwas 61.5 days.

In 20016 DC for the period of January to December 2009 the average list price was $894,284, the average sales price was $843,916 and the average Days on Marketwas 76 days.

So, what does all of this mean?

June numbers were significantly higher than May numbers, up over $200,000.  While impressive, it looks like we’ll be floating back to more normal ranges come July, as the average list price for homes under contract in June is $829,833.  Days on market was cut almost in half from the previous year, and a big improvement over May, as well. While the pendulum continues to swing, we seem to be zeroing in on a much steadier market place.

May Report
April Report

posted by Marcie Sandalow

This entry was posted on Saturday, July 31st, 2010 at 4:01 pm and is filed under District of Columbia, State of the Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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