Washington DC Real Estate Market Report for July 2009

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

Washington DC Real Estate Market Report for July 2009. Good news to report for potential DC home buyers and sellers-Home sales are up. Total sold dollar volume of Washington DC homes in July 2009 was $313,292,875 compared to $293,540,305 in July 2008.

Total amount of Washington DC Houses for sale that actually sold in July 2009 were 648 houses compared to 506 houses in July 2008. That is a 28.06% DC home sales increase. With low interest rates,lower home prices and with less than 100 days left to get the $8000 first time home buyer tax credit for DC and MD Home buyers, this is a great time to buy a house for sale in DC.

 

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

1

0

0

0

4

8

1 -30 Days

268

$30,000-$39,000

0

0

0

0

1

5

31-60 Days

108

$40,000-$49,999

0

1

1

3

4

6

61 - 90 Days

83

$50,000-$59,999

1

2

0

0

11

5

91-120 Days

36

$60,000-$69,999

4

1

0

0

9

5

Over 120 Days

153

$70,000-$79,999

0

4

2

2

13

10

Total

648

$80,000-$89,999

0

1

0

1

8

9

   

$90,000-$99,999

2

4

0

1

26

6

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

$100,000-$119,999

1

1

1

2

34

29

$120,000-$139,999

2

6

2

1

34

50

Conventional

323

$140,000-$159,999

1

3

0

5

56

62

FHA

159

$160,000-$179,999

0

2

0

8

60

69

VA

13

$180,000-$199,999

1

6

3

10

78

76

Assumption

40

$200,000-$249,999

6

10

4

41

162

170

Cash

99

$250,000-$299,999

3

15

6

37

180

170

Owner Finance

1

$300,000-$399,999

5

25

19

92

265

276

All Other

13

$400,000-$499,999

9

20

6

53

149

241

Unreported

0

Over $500,000

16

65

77

53

648

429

Total

648

Totals

52

166

121

309

1742

1626

   

Grand Totals

648 3368
   2009   2008   % Change
Total Sold Dollar Volume: $ 313,292,875 $ 293,540,305 6.73 %
Average Sold Price: $ 483,477 $ 580,119 - 16.66 %
Median Sold Price: $ 386,000 $ 422,180 - 8.57 %
Total Units Sold: 648 506 28.06 %
Average Days on Market: 88 74 18.92 %
Average List Price for Solds: $ 520,162 $ 624,805 - 16.75 %
Avg Sale Price as a percentage of Avg List Price: 92.95 % 92.85 %
Total Number of NEW listings
taken for the month: 914

Total Number of Properties   
marked Contract for the month: 393
Total Number of Properties   
marked Contingent for the month: 289

Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 682

 

Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. 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 DC home" Zip codes 20019,20020,20011,20032,20774,20721

 

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Rainmaker
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Scott Larson
First Weber Hedeman Group - Monroe, WI
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Do you use some type of template for this blog?

Scott Larson

Aug 17, 2009 03:39 AM #1
Rainmaker
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June Piper-Brandon
Long & Foster Hampden - Baltimore, MD
Piecing Dreams One Home at a Time

Lanre,  your market updates are always so packed with information and thorough to give home buyers a clear view of what is happening in the market.

Aug 20, 2009 08:05 AM #2
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
Are you in the market to buy or sell your house? Call me now.
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