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 61 homes were sold in April 2018 a few lower than the previous month and a bit lower than average for the prior 5 years, which was 65.
Currently there are 124 homes are on the market for the month of April, another nice increase from the previous month and higher than the 5 year average of 98. With this ratio, we are at 2.0 Months of Supply, which is identical to the 5 year average of 1.7 months; this continues to remain 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 April shows us a $575,000 Sold price, backing off from the higher prices in February and March. We compare this to the prior five year average of $583,000. A hiccup? Only time will tell.
The average home was sold in 11 days. The 5 year average is 8 days. Again, a hiccup? Keep watching.
The ratio of sold price to original list price is stable at 100%, right at the 100% average for the prior 5 years. Sellers and buyers match wits, but this remains a wonderful neigborhood to call home.
(data from getsmartcharts; photo from www.YourBusyLife.com)