Washington, DC – Market Report 3/16/11

16 Mar
March 16, 2011

Looking at the Washington, DC housing prices in comparison to this time last year – everything seems to have increased.  Total Sold Dollar Volume is up 4.65%.  Average Sold Price is up for February to $465,272.  I don’t like to see the Days on Market increase, but this maybe seasonal.  Washington, DC encompasses the stately homes of Georgetown and the Gold Coast to the not so affluent areas interspersed throughout the city.  Looking at these Real Estate Statistics hardly tells the whole story.

Statistic Values YoY MoM
Total Sold Dollar Volume $171,685,280 +4.65% -7.93%
Closed Sales 369 0% -5.38%
Median Sold Price $360,000 +7.46% -4.81%
Avg Sold Price $465,272 +4.65% -2.69%
Avg Days on Market 92 days +15% +12.2%
Avg Sold to Avg List Ratio 93.54% +0.88% +1.18%

Come and see all of Washington, DC yourself.  What better place to welcome Spring than the nation’s capitol.  The famous cherry blossoms burst forth in early spring and are celebrated with numerous activities including a parade and crowning of the cherry blossom princesses. Daffodils blooming along the Potomac River and the parks were a gift from Lady Bird Johnson when she was first lady.

There is so much to see and do in Washington, D.C it would take volumes to describe, but when you are here, don’t miss the museums and art galleries on the mall, the White House and the Capitol where government can be seen in action.  Capitol Hill and the Eastern Market, the southwest waterfront with its abundance of restaurants, and Georgetown with its cobblestone streets and gas lights reminiscent of bygone times are all landmarks of this great city.  Take it all in and see there is much more to DC than Real Estate Statistics.

Market data and commentary provided by Kathy Fleskes, Managing Broker, Rockville Regional Office.

Search for homes in Montgomery County, and all of the DC Metro: www.averyhess.com

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