cooldcre: Georgetown Burleith DC Latest Real Estate Market Data

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Georgetown Burleith DC Latest Real Estate Market Data

Georgetown Burleith DC Latest Real Estate Market Data

How to calculate DC real estate values

July's Georgetown/Burleith Market Report

Georgetown Burleith DC Latest Real Estate Market Data


Overall

In Georgetown/Burleith DC zip code 20007, new listings rose 6.3% from August 2011, while New Pending Sales rose 2.9% from the same time last year. Closed sales were down 1.9% for the same period.


Median Sold Price rose 6.8% from August 2011.


Georgetown Burleith DC Latest Real Estate Market Data

 

Detached Homes

In Georgetown/Burleith DC zip code 20007, the median sold price for Detached properties for August was $1,260,000, representing a decrease of 39.1% compared to last month and an increase of 57.5% from Aug 2011.

Georgetown Burleith Detached Home market report

The average days on market for units sold in August was 50 days, 22% below the 5-year August average of 64 days. There was an 88.9% month over month decrease in new contract activity with 1 New Pendings; a 71.4% MoM decrease in All Pendings (new contracts + contracts carried over from July) to 4; and a 6.7% decrease in supply to 28 active units.

 

This activity resulted in a Contract Ratio of 0.14 pendings per active listing, down from 0.47 in July and a decrease from 0.21 in August 2011. The Contract Ratio is 25% lower than the 5-year August average of 0.19.

 

More Georgetown Burleith DC Latest Real Estate Market Data

 

Georgetown Burleith DC Attached Townhouse Market Data

Georgetown Burleith DC Latest Real Estate Market Data

 

Attached/Townhomes

In 20007, the median sold price for Attached/Townhouse properties for August was $935,000, representing a decrease of 9.2% compared to last month and an increase of 6.3% from Aug 2011.

 

The average days on market for units sold in August was 65 days, the same as the 5-year August average of 64 days. There was a 13.3% month over month increase in new contract activity with 17 New Pendings; an

8.6% MoM decrease in All Pendings (new contracts + contracts carried over from July) to 32; and a 13.3% decrease in supply to 52 active units.

 

This activity resulted in a Contract Ratio of 0.62 pendings per active listing, up from 0.58 in July and an increase from 0.35 in August 2011. The Contract Ratio is 47% higher than the 5-year August average of 0.42.

 

*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.

 

Georgetown Burleith Condo and Co-Op Market Report

Condos and Co-Ops

In 20007, the median sold price for Condo & Coop properties for August was $374,000, representing a decrease of 4.1% compared to last month and a decrease of 13.7% from Aug 2011.

 

The average days on market for units sold in August was 67 days, 26% below the 5-year August average of 90 days.

 

There was a 13.3% month over month increase in new contract activity with 17 New Pendings; a 27.3% MoM decrease in All Pendings (new contracts + contracts

carried over from July) to 16; and a 3.6% decrease in supply to 54 active units.

 

This activity resulted in a Contract Ratio of 0.30 pendings per active listing, down from 0.39 in July and an increase from 0.17 in August 2011. The Contract Ratio is 13% higher than the 5-year August average of 0.27.

 

*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.

 

Real estate market data provided by RBI (Real Estate Business Intelligence)


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Comment balloon 2 commentsThe Isaacs Team llc • September 13 2012 10:53AM

Comments

Hi Susank always glad to review information on other Communities.   Thanks for sharing with us.

Posted by Ronald DiLalla, No. Orange Cty Real Estate (Century 21 Discovery DRE 01813824) about 6 years ago

Thanks for reading, Ron!

Posted by The Isaacs Team llc, realestateinthedistrict.com (RLAH 11 Dupont Circle, Washington DC) about 6 years ago

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