Washington DC Real Estate Market Report for July 2009 . Good news to report for potential DC home buyers and sellers -Home sales are up. Total sold dollar volume of Washington DC homes in July 2009 was $313,292,875 compared to $293,540,305 in July 2008.
Total amount of Washington DC Houses for sale that actually sold in July 2009 were 648 houses compared to 506 houses in July 2008. That is a 28.06% DC home sales increase. With low interest rates,lower home prices and with less than 100 days left to get the $8000 first time home buyer tax credit for DC and MD Home buyers, this is a great time to buy a house for sale in DC .
Residential Unit Sales Number of Bedrooms
Active Listings
Time on Market
Price Class
2 Or Less
3
4 or More
Condo Coop and Ground Rent
Residential
Condo Coop and Ground Rent
of Units Sold (No. of Units)
Under $30,000
1
0
0
0
4
8
1 -30 Days
268
$30,000-$39,000
0
0
0
0
1
5
31-60 Days
108
$40,000-$49,999
0
1
1
3
4
6
61 - 90 Days
83
$50,000-$59,999
1
2
0
0
11
5
91-120 Days
36
$60,000-$69,999
4
1
0
0
9
5
Over 120 Days
153
$70,000-$79,999
0
4
2
2
13
10
Total
648
$80,000-$89,999
0
1
0
1
8
9
$90,000-$99,999
2
4
0
1
26
6
Type of Financing of Units Sold (No. of Units)
$100,000-$119,999
1
1
1
2
34
29
$120,000-$139,999
2
6
2
1
34
50
Conventional
323
$140,000-$159,999
1
3
0
5
56
62
FHA
159
$160,000-$179,999
0
2
0
8
60
69
VA
13
$180,000-$199,999
1
6
3
10
78
76
Assumption
40
$200,000-$249,999
6
10
4
41
162
170
Cash
99
$250,000-$299,999
3
15
6
37
180
170
Owner Finance
1
$300,000-$399,999
5
25
19
92
265
276
All Other
13
$400,000-$499,999
9
20
6
53
149
241
Unreported
0
Over $500,000
16
65
77
53
648
429
Total
648
Totals
52
166
121
309
1742
1626
Grand Totals
648
3368
2009 2008 % Change
Total Sold Dollar Volume:
$ 313,292,875
$ 293,540,305
6.73 %
Average Sold Price:
$ 483,477
$ 580,119
- 16.66 %
Median Sold Price:
$ 386,000
$ 422,180
- 8.57 %
Total Units Sold:
648
506
28.06 %
Average Days on Market:
88
74
18.92 %
Average List Price for Solds:
$ 520,162
$ 624,805
- 16.75 %
Avg Sale Price as a percentage of Avg List Price:
92.95 %
92.85 %
Total Number of NEW listings
taken for the month:
914
Total Number of Properties
marked Contract for the month:
393
Total Number of Properties
marked Contingent for the month:
289
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):
682
Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report " in your area of choice? Register on my website at DC Real Estate . I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter http://twitter.com/DCHomesforsale . Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy DC home" Zip codes 20019,20020,20011,20032,20774,20721
Mr "DC REAL ESTATE GUCCI MAN"
2 Comments on Washington DC Real Estate Market Report for July 2009
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Lanre Folayan DC & PG County MD homes for sale
Washington ,
DC
More about me
Exit Premier Realty-Upper Marlboro,MD
Address: 9701 Apollo Drive, Suite 101, Upper Marlboro, MD, 20774
Office Phone: (301) 560-1154
Cell Phone: (202) 378-0283
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