Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2018 01

By
Real Estate Agent with Real Living | At Home DC / MD / VA

 

Logan Circle Homes This is the neigborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.

Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.

Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.

Shaw is blooming overnight, with residential construction and renovations completely changing this neighborhood.

 

A total of 31 homes were sold in January 2018 a bit lower than we'd like to see and lower than average for the prior 5 years, which was 40.  

Currently 79 homes are on the market for the month of January, a slight increase from the prior 5 years at 72. With this ratio, we are at 1.3 Months of Supply, which is nearly identical to the 5 year average of 1.2 months; this continues to be low and indicates strong demand in this neighborhood.  That continues to indicate the desirability of this neighborhood and expected upward pressure on pricing. 

Activity in January shows us a $565,000 Sold price, which again shows the usual mid-winter slowing from the higher values in the fall. We compare this to the prior five year average of $599,540. Indicitive of a cold January, or something to watch?

An interesting indicator to watch is the average home being sold in 28 days.  The 5 year average is 20 days.  Homes are not selling here as compared to other neighborhoods which are much more closely aligned with the prior 5 year average.  Keep watching.

The ratio of sold price to original list price is stable at 98.1%, and slightly lower than the 98.5% average for the prior 5 years.   Sellers are perhaps a bit too optimistic and buyers more savvy, but this remains a wonderful neigborhood to call home.

(data from getsmartcharts; photo from www.YourBusyLife.com)

Posted by

Claude Labbe, Realty for Your Busy Life

Real Living | At Home
11 Dupont Circle #650
Washington, DC 20036
(202) 518-8781 bus / (703) 868-7774 mobile
claude@labbe.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
District of Columbia District of Columbia County Washington
Groups:
Market Reports
City and State Community & Marketing Reports
2018 Market Reports
Tags:
logan
market reports
shaw

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
692,348
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Two Decades Of Experience Selling Luxury Homes...

Claude, I’m sure that home buyers and sellers really appreciate receiving updated real estate information and the local market reports you are providing.  

Feb 26, 2018 03:41 PM #1
Rainmaker
2,672,118
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Claude it has been a while just wanted to stop in and as I said before I love the way you provide the market reports, Endre

Feb 26, 2018 10:17 PM #2
Rainmaker
4,200,437
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Claude.  Thanks for the information and update about the Washington, DC NW (Logan--Shaw) real estate market.

Feb 28, 2018 05:46 AM #3
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
534,546

Claude Labbe

Realty for Your Busy Life
What's Your Preferred metro Washington DC Neighborhood ?
*
*
*
*
Spam prevention