cooldcre: Mt Pleasant-Columbia Hts DC New Real Estate Market Data

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Mt Pleasant-Columbia Hts DC New Real Estate Market Data

Columbia Hts-Mt Pleasant Market Statistics Sep2012 

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Detached Homes in Mt Pleasant-Columbia Heights DC

Mt Pleasant-Columbia Hts DC Detached Home Data Sep2012

Summary

In the 20010 DC zip code, the median sold price for Detached properties for September 2012 was $757,213, a decrease of 23.5% compared to August and the same as in September of 2011.

The average days on market (DOM) for units sold in September was 13 days, 4% below the 5-year September average of 14 days. There was a 400% month-over-month increase in new contract activity with 5 New Pending Sales; a 400% MoM increase in All Pendings (new contracts + contracts carried over from August) to 5; and a 300% increase in supply to 4 active units.

This activity resulted in a Contract Ratio of 1.25 pendings per active listing, up from 1.00 in August and an increase from 1.00 in September 2011. The Contract Ratio is 89% higher than the 5-year September average of 0.66. 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.

 

Attached/Townhomes Mt Pleasant-Columbia Heights DC September 2012

Mt Pleasant-Col Hts DC Attached-Townhome Market Data 

Summary

In 20010, the median sold price for Attached/Townhouse properties for September was $622,000; an increase of 14.7% over August and an increase of 30.9% from September 2011.

The average days on market (DOM) for units sold in September was 16 days, 72% below the 5-year September average of 56 days.

There was a 23.1% month over month decrease in new contract activity with 10 New Pendings; a 9.1% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 20; and a 111.1%increase in supply to 19 active units. This activity resulted in a Contract Ratio of 1.05 pendings per active listing, down from 2.44 in August and a decrease from 1.50 in September 2011. The Contract Ratio is 19% higher than the 5-year September average of 0.89. 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.

 

Condos/Co-Ops Mt Pleasant-Columbia Heights DC September 2012

Mt Pleasant-Columbia Hts Condo-Coop Market Report

Summary

In the 20010 zip code of Washington DC, the median sold price for Condo & Co-op properties for September was $432,950, an increase of 12.5% over August 2012 and an increase of 13.9% from September 2011.

The average DOM for units sold in September was 46 days, 32% below the 5-year September average of 67 days.

There was a 57.1% month over month increase in new contract activity with 22 New Pendings; a 39.1% MoM increase in All Pendings (new contracts + contracts carried over from August) to 32; and a 22.6% decrease in supply to 24 active units.

This activity resulted in a Contract Ratio of 1.33 pendings per active listing, up from 0.74 in August and an increase from 0.73 in September 2011. The Contract Ratio is 107% higher than the 5-year September average of 0.64.

 

All DC Metro Market Data for September 2012


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Comment balloon 0 commentsThe Isaacs Team llc • October 10 2012 12:54PM

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