Cleveland Park is one of my favorite Washington neighborhoods.  It is incredibly architecturally diverse, in terms of sizes and styles.  There are a couple of tiny little tudors like the one at the right, and a couple of really unusual contemporaries, but mostly big old turn of the century Victorians.  So looking at sales numbers can get interesting.

For example, 2007 is generally thought of as the peak of the market here in Washington.  But in Cleveland Park, that peak happened in 2008, at least looking at the number of sales and the average sales price..  And the 2008 average sales prices were boosted by the sales of more of the larger homes than the smaller ones.  In 2009, the median prices are higher than either year.  But it's taking a lot longer for homes to sell.

Prices in this popular neighborhood start in the high $600's for the smaller homes, most of which are row houses or semi-detached and needing a bit of work.  The larger homes with big porches and quality restorations can go up to, well, just add a zero.

Here are the numbers.

  • Year                                                   2009                   2008                   2007
  • Number Sold                                       29                      37                       31  
  • Average List Price                        $1,376,806           $1,741,445         $1,325,735
  • Average Sold Price                        $1,304,167           $1,642,802         $1,305,095
  • Median List Price                          $1,049,000            $995,000            $985,000
  • Median Sold Price                         $1,030,000            $981,785           $1,004,625
  • Average Days on the Market              88                       35                      31

 

 

1 Comments on Cleveland Park Market Report

SEP
28
460,119 Points 13 Featured Posts Localism Sponsor Outside Blog

Pat your median price is up, looks like your area did not suffer as much as other parts of the country.  Then again the people who still have money or make decisions about the financial market are in your area.......lol

8:29pm • #1

This blog does not allow anonymous comments

 
Img_0222 Rainmaker_large

Patricia Kennedy

Washington, DC

More about me…

Evers & Company Realtors

Address: 4400 Jenifer Street NW, Washington, DC 20015

Office Phone: (202) 364-1700

Cell Phone: (202) 549-5167

Email Me

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!


Links

Archives

RSS 2.0 Feed for this blog

Find DC real estate agents and Washington real estate on ActiveRain.