Petworth DC 20011 Real Estate Market Report

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

Petworth DC 20011 Real Estate Market Report-October 2014.

 

In my recent Congress Heights DC 20032 Real Estate Market Report, I stated that an Washington Post online article titled DC REGION HOUSING MARKET IS STUCK IN DOLDRUM said that"Uncertainty about the economy has other buyers leery of making large purchases". Guess it's safe to say that according to this Petworth DC 20011 Real Estate Market Report,this doesn't apply to homeowners living in the zip code 20011 which also includes DC neighborhoods such as Crestwood DC,16th Street Heights,Riggs Park,Chillum and Brightwood

 

Here is the Petworth DC 2OO11 Real Estate Market Report for October 2014

 

20011 Petworth DC 20011 Real Estate Market Report

Here is some additional information that this 20011 Petworth DC Real Estate Market Report doesn't show.

  • 64 of the 84 houses for sale that sold in the zip code 20011 were sold in 60 days or less in October 2014. Meanwhile  56 of the 84 homes for sale that sold in that area sold in 30 days or less.

 

  • Average sold price of a House for sale in the 20011 zip code was $507,670 in October 2014. That is down only 1% from this time last year when the average home sold price of a house in the 20011 zip code was $512,776.\

 

  • Average days on the market of a house that sold in the 20011 zip code was 56 days in October 2014. That is down 64.71% from this time last year when the average days on the market of a house that sold in that area was 34 days.

 

  • Average sold price to original list price ratio of houses in the zip code 20011 was 97.3% in October 2014.  That is only down 2.47% from this time last year when the average sold price to original list price ratio was 99.8%.

 

  • 62 of the homes sold in the zip code 20011 in October 2014 used a Conventional loan,13 of them were Cash,4 used a FHA Loan,2 of them used a VA loan and 3 of them used a different kind of financing.

717 Oglethorpe St Washington DC 20011

This House for sale in Petworth DC has four bedroom and three and a half baths. Click on this link to view more photos and price. 717 OGLETHORPE ST NW Washington DC 20011

 

Many DC Condos for sale are also selling. Just in October 2014 alone 16 DC Condos were sold in the zip code 20011. With less than 60 days left in the year,many home buyers are still looking to buy a house to hopefully have Christmas and possibly Thanksgiving in their new home.

 

Click on this link to  Download my Mobile App to search Brookland DC homes for sale on your mobile phone,IPAD or tablet

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
District of Columbia District of Columbia County Washington
Tags:
brightwood dc real estate market report
crestwood dc real estate market report
16th street real estate market report
petworth dc 20011 real estate market report
16th st dc real estate market report

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,495,505
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Lanre!

Thank you for sharing this real estate market report.

This information really will assist both buyers and home sellers.

Best wishes!  Cheers!

Nov 19, 2014 11:39 AM #1
Ambassador
2,209,455
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Lanre...your market is looking great. I guess whoever wrote that article didn't know what they were talking about. 

Nov 20, 2014 09:47 AM #2
Rainmaker
4,345,204
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lanre, great market report, and sure looks like buyers are buying, and you have a healthy price range.   Love the home for sale, great curb appeal.  

Nov 20, 2014 10:32 AM #3
Rainer
90,967
Whitney Watson
First Heritage Mortgage - Henrico, VA

Hi Lanre, Sounds like you've had plenty houses on the market to keep you busy. Your current listings are beautiful.

Nov 21, 2014 03:44 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
818,163

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.
*
*
*
*
Spam prevention

Additional Information