Cleveland Park is a neighborhood of great architectural diversity.  There are small row houses that sell in the high $600's and historic mansions with price tags in the $4.5 million range.  Some are on tiny lots, with just enough room for the house and a postage stamp garden.  Others have expansive lawns and gardens.  And so far this year, the demand has been for the smaller homes at a relatively low price point.

The list of homes currently for sale includes two in excess of $4,000,000.  And they are bringing the averages up.  The highest selling price year to date is lower than that, at $2,407,000.

Here are the figures:

Currently For Sale:  15 homes (current asking price)
Low:   $715,000
High:  $4,500,000
Average: $1,993,467

Under Contract:  8 homes (asking price at contract)
Low:  $699,000
High:  $2,950,000
Average:  $1,343,438

Sold since 1/1/2009 15 homes sold (asking price at contract)
Low:  $863,000 (selling price)
High: $2,407,000
Average:  $1,122,800

Average original asking price for sold properties: $1,219,190

 

3 Comments on Washington's Cleveland Park: Market Report

JUN
27
385,974 Points 23 Featured Posts Outside Blog

Patricia,

These should be very nice homes for these prices. You, guys, have quite a different market. And in this mortgage climate I would  not be surprised to know that a lot of the offers are cash offers.

 

11:10pm • #1
366,339 Points 23 Featured Posts Localism Sponsor Outside Blog

O.k. I want toknow how much that house in the photo would cost - I love it!

11:13pm • #2
694,513 Points 72 Featured Posts Localism Sponsor Outside Blog

Jon, the two homes in the $4's are wonderful and both need a fair amount of renovating.

And Liz, it hasn't been on the market in  a while, but it would probably go somewhere in the $4million range.

11:20pm • #3

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Patricia Kennedy

Washington, DC

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Evers & Company Realtors

Address: 4400 Jenifer Street NW, Washington, DC 20015

Office Phone: (202) 364-1700

Cell Phone: (202) 549-5167

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Pat Kennedy -- author of The Irreverent Guide to Real Estate -- gives you a look at life on the streets as a real estate broker in our nation's capital. And her blog is peppered with great advice combined with humor!


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