Home Prices in Georgetown Washington, DC for December 2013

 

 

Georgetown brings the best of all worlds together. A incredible mix of single family homes infused with charm as well as Brownstone and loft style condos. Sold median prices for attached homes averaged between 1.5 million to 2 million for the better part of 2013 while attached homes steadied at 865k for the year. All indicators show that we will continue to see a steady market for home prices in Georgetown. The days on market are promising for area sellers which plummeted to 43 days in December. Demonstrating the tremendous amount of interest buyers are expressing a tremendous in the market. If you are on the fence about this being the right to sell, call a knowledgeable agent. One who understands the style of homes, knows proximity matters and is aware of which locales in Georgetown are garnering the most attention. Getting a comprehensive market analysis guarantees that you get the most amount for your home in the least amount of time.
If you are interested in how much current inventory is on the market in Georgetown you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer period. At the time of this posting there were 87 active residential properties, not a tremendous amount of homes considering the size of Georgetown.  I wouldn't expect home prices to run up quite as fast as they did during the bubble, banks have gotten a lot stricter on lending guidelines and jumbo loan products although available can be more grueling to obtain. But moderate inventory is one indicator that prices should continue to rise.