cooldcre: Condo Median Sold Price Up 8.1% over August 2011

New condos in DC Districtre.com The Isaacs Team LLC

Condo Median Sold Price Up 8.1% over August 2011

August 2012 Washington DC condo market report 

Median Sold Price Up 8.1% over August 2011

All DC real estate market reports

How to determine DC real estate market values

August 2012 Condo Median Price Up Over 2011 

Condo Median Sold Price Up 8.1% over August 2011

In Washington, D.C., the median sold price for Condo & Coop properties for August was $389,000, a decrease of 1.8% compared to July and an increase of 8.1% from Aug 2011.

The average days on market for units sold in August was 62 days, 11% fewer than the 5-year August average of 70 days.

 
August 2012 DC Condo Market Activity
 
Condo New Contracts August 2012

There was a 3.1% month over month increase in new contract activity with 304 New Pendings; a 4.2% MoM decrease in All Pendings (new contracts + contracts carried over from July) to 476; and a 12.7% decrease in supply to 679 active units.

Contract Ratio of 0.70 pendings per active listing is up from 0.64 in July and an increase from 0.36 in August 2011. The Contract Ratio is 72% higher than the 5-year August average of 0.41.

*A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor. 

See more detail on DC condo & co-op market data for August 2012

 

Data by RBI (Real Estate Business Intelligence)

 

 

Read the latest coolDCre.com blog posts:

Dupont - Adams Morgan DC August 2012 Real Estate Market Report

Shaw DC Real Estate Market Report August 2012

Condo Median Sold Price Up 8.1% over August 2011

Lionel Lofts 14th Street DC Update, Mini-Prints and New Details

1801 13th Street New Condos Logan Circle DC Floorplans and Pricing

Washington DC August 2012 Real Estate Market Data

Mt Vernon - Convention Center - Shaw DC New Development

1410 S Street NW Two New Luxury Condos in Dupont DC

Top Three Criteria for Selecting a DC Listing Agent

The 3 Most Important Factors in Listing Your DC Metro Home For Sale

Five (Real) Reasons to Use a DC Buyer's Agent When Purchasing Real Estate

Taylor Park New Columbia Heights DC Condos

Northern Exchange New Condos on 14th & R DC

New Lyon Pointe Condos Arlington VA 2702 Lee Highway Arlington VA 22201

Old Bacon Street Condominiums Columbia Heights DC

300 L Street NE DC Condos Go Rental

The Maia Condos 1350 Maryland Avenue SE DC

The Lima - New Condos 11th & V NW DC 20001

1700 Euclid Street NW DC Condos

Bishop's Gate 2 BR 2 BA Condo with Garage Parking & Low fee Dupont DC

Blagden Alley Residences New Condos in Shaw

The Vistas of River Place Co-Op Penthouses South Arlington VA

Hurt Home Condos 3050 R Street NW DC Georgetown Construction Begins

Copyright - All rights reserved The Isaacs Team LLC

The Isaacs Team at RLAH

About The Isaacs Team

realestateinthedistrict.com

RLAH | Real Living At Home

11 Dupont Circle #650 Washington DC 20036

Comment balloon 0 commentsThe Isaacs Team llc • September 11 2012 02:09PM

Comments

This blog does not allow anonymous comments