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Market Report - 20024 - Washington, DC SW - 2018 08
This quote is getting older, but even more relevant in 2018. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2015) saying "Southwest is an absolutely incredible neighborhood. It'a neighborhood that has so many things: Metro stations,water access, parks & greenspaces, small and big residential buildings. A lot of people just didn't realize it was there".
Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.
This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.
Activity in August shows us a $372,500 Sold price . Once again, a little lower than last months prices, but higher than the 5 year average of $316,294. Hopefully a trend isn't developing.
A another increase from last month with the average home being sold in 18 days and the 5 year average being 12. We will continue to watch this in conjunction with the aforementioned metrics.
The ratio of sold price to original list price is 100% and the average for the prior five years was 100.1%. Buyers still aren't seeing much bargaining this month.
In summary, many of these numbers ... more
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