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Market Report - 20024 - Washington, DC SW - 2019 7
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 July shows us a decrease from the previous month to a $409,000 Sold price. This is just a little below the 5 year average of $411,200. Perhaps prices have stabilized.
This month the average home was sold in 16 days and the 5 year average was 37. This is a small increase from last month, still indicating an influx of buyers into the market and inventory isn't keeping pace.
The ratio of sold price to original list price is 100% and the average for the prior five years was 99.7%. Zero bargaining for buyers this month vs. last month!
In summary, many of these ... more
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