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Washington, DC's Cleveland Park: 2011 Market Report

By
Real Estate Agent with RLAH@properties AB95346

 

Cleveland Park is a neighborhood in the shadow of the National Cathedral with many wonderful old historic homes.  There are huge old Queen Ann and Victorian mansions and not so huge Wardman style town houses.  And like many parts of the District of Columbia, the market looks pretty darned great!  Here are the basics:

 

2010

2011

Number of sales

38

34

Highest sold price

$3,200,000

$3,300,000

Lowest sold price

$605,000

$625,000

Median sold price

$1,100,004

$1,160,000

Median sold price

$1,268,734

$1,432,370

Days on the market

44 days

66 days

Last year, the number of homes that sold decreased from 38 in 2010 to 34.  And the homes that did sell took longer to attract offers.  But once the offers came in, all of the price numbers increased.  There were higher highs and higher lows!  The average and median prices were also higher than in 2010. 

Cleveland Park is a special neighborhood.  It started out as "the country", where people came for cool summer air so they could get away from the sweltering heat.  It was Grover Cleveland's equivalent of Camp David - the Summer White House.(It's since been torn down!) 

There are amazing restaurants.  There is a Metro stop to take the residents to work.  And the neighborhood has a bit of a WOW factor. 

There are currently five wonderful homes for sale in Cleveland Park.  If you'd like more information on any of them, please contact me!

 

If you are planning a move to or from the Washington, DC area, I can help!  I am licensed in the District of Columbia, Maryland and Virginia.  You may call, email or text me at: 

Housepat@mac.com, 202-549-5167

SEARCH ALL LISTINGS IN THE DC METRO AREA

CHECK OUT MY LATEST BLOG IN THE WASHINGTON POST!

 

Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

That is a good looking market report. Only 5 homes active make it very exclusive and desirable neighborhood.

Jan 31, 2012 02:45 PM
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Looks like there are some large, historic homes in Cleveland Park.  Is there are reason Cleveland Park has "cool summer air"?  Is it located at a higher elevation than most of DC?

Jan 31, 2012 03:03 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Ellie, I think the inventory has pretty much shrunk around town!  Even with 10 homes for sale, it's still exclusive and desirable!

And Lloyd, the elevation is a bit higher.  I took this shot with a zoom lens from the top of the National Cathedral.  It was through a glass window and a little bit fuzzy.

Feb 01, 2012 03:57 AM