Original Source: AU Park/Tenleytown 20016 Market Report- December 2010
In December of 2010 there were 35 homes that closed within the month for zip code 20016 in the District of Columbia (AU Park/Tenleytown/ Palisades). This was an increase of 0 units, as there were 35 homes that closed in December of 2009.
The average list price for homes that closed in December 2009 was $1,409,317. The average list price for homes that closed in December 2010 was $840,783.
The average sale price for the homes that closed in December 2009 was $1,297,900. The average sale price for the homes that closed in December 2010 was $796,495.
The average Days on Market for homes that closed in December 2009 was 75 days. The average Days on Market for homes that closed in December 2010 was 82 days.
17 homes went under contract in 20016 DC in the month of December 2010. The average list price of homes that went under contract was $705,171. The average Days on Market for these 20016 DC homes was 85 days.
January – December 2008 & 2009 Market Statistics for 20016 DC
In 20016 DC for the period of January to December 2008 there were 408 properties sold. In 20016 DC for the period of January to December 2009 there were 419 properties sold.
In 20016 DC for the period of January to December 2008 the average list price was $892,975, the average sales price was $814,681 and the average Days on Market was 61.5 days.
In 20016 DC for the period of January to December 2009 the average list price was $894,284, the average sales price was $843,916 and the average Days on Market was 76 days.
So, what does all of this mean?
There certainly was a big swing between '09 and '10, but a one expensive house can skew the numbers, as it did in 2009. In all of 2010 there were 406 sales with an average list price of $879,962 and an average sales price of $834,500. Prices were down 1.1% from 2009. Days on market improved from 76 to 63 in 2010. There are currently 116 active listings in 20016 with the lowest priced listing starting at $145,000 and the highest at $5,000,000 (for 1.5 acres on Chain Bridge Road).
November Report
October Report
September Report
August Report
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