Washington DC Real Estate Market Report Statistics -February 2009

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

 

Sales are down all across every category in Washington DC for the month of february.

  • Total sold volume is down 35.07%
  • Average sold price of a house in Washington DC was down 6.78% in february.
  • Total sold units were 257 houses compared to 369 houses last year february.
  • Out of the 257 houses that was sold 138 was conventional loans,45 was FHA loans,6 was VA loans,28 was assumption and 37 was cash.
  • Average days of a house on the market before it sold was 112 days compared to 92 days a 21.74% drop.
  • Average list price of solds in Washington DC in february was $527,654 compared to $547,876 a 3.69% drop.
  • Most of the housing activity in Washington DC for february was houses that were priced $500,000 and over.

Here is the rest of the full Washington DC Real Estate Market Report Statistics for February 2009

 

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop and
Ground Rent

Residential
  

Condo
Coop and
Ground Rent

of Units Sold
(No. of Units)

Under $30,000

0

0

0

0

1

2

1 -30 Days

73

$30,000-$39,000

0

0

0

0

2

10

31-60 Days

42

$40,000-$49,999

0

0

0

0

3

3

61 - 90 Days

32

$50,000-$59,999

0

1

0

0

1

2

91-120 Days

20

$60,000-$69,999

0

1

0

0

6

8

Over 120 Days

90

$70,000-$79,999

0

2

1

0

9

7

Total

257

$80,000-$89,999

1

1

1

0

7

6

   

$90,000-$99,999

0

1

1

0

21

12

Type of Financing
of Units Sold
(No. of Units)

$100,000-$119,999

0

0

0

1

36

20

$120,000-$139,999

1

4

0

1

39

45

Conventional

138

$140,000-$159,999

1

2

0

0

58

37

FHA

45

$160,000-$179,999

0

5

0

2

55

78

VA

6

$180,000-$199,999

0

4

0

2

85

94

Assumption

28

$200,000-$249,999

3

14

6

14

197

178

Cash

37

$250,000-$299,999

4

6

6

12

230

164

Owner Finance

0

$300,000-$399,999

5

16

9

24

300

314

All Other

3

$400,000-$499,999

2

4

2

18

177

206

Unreported

0

Over $500,000

9

20

24

26

659

426

Total

257

Totals

26

81

50

100

1886

1612

   

Grand Totals

257 3498
   2009   2008   % Change
Total Sold Dollar Volume: $ 121,703,951 $ 187,444,058 - 35.07 %
Average Sold Price: $ 473,556 $ 507,978 - 6.78 %
Median Sold Price: $ 360,000 $ 414,000 - 13.04 %
Total Units Sold: 257 369 - 30.35 %
Average Days on Market: 112 92 21.74 %
Average List Price for Solds: $ 527,654 $ 547,876 - 3.69 %
Avg Sale Price as a percentage of Avg List Price: 89.75 % 92.72 %
Total Number of NEW listings
taken for the month: 843

Total Number of Properties   
marked Contract for the month: 264
Total Number of Properties   
marked Contingent for the month: 214

Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 478

 

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Looking for a Washington DC Real Estate Professional that will help you buy and/or sell your next house or want a "Free Real Estate Market Report" in your area of choice? Check out my website Houses for sale in Washington,DC. I can also be reached at Lanre Folayan "Buy home Washington DC" (EXIT PREMIERREALTY ... or Twitter Twitter: DCHomesforsalehttp://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day.  "Buy home Washington DC"

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Rainmaker
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Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
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Hi Lanre, you have compiled quite a list and it offers some great market data for sellers and buyers to make an informed decision.  Very Nice.

Mar 25, 2009 12:11 PM #1
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

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