Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2018 04

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 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)

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

 

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Rainmaker
2,862,883
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Claude, loved the photo, reminds me of a San Francisco and a Boston style neighborhood with a European Flare, Endre

May 23, 2018 10:12 PM #1
Rainmaker
4,481,391
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 keeping us informed about the real estate market in the Washington, DC NW (Logan--Shaw) area.

May 29, 2018 05:32 AM #2
Rainmaker
2,386,375
Rebecca Gaujot, Realtor®
Vision Quest Realty, Martha Hilton, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Claude, DC has great architectural buildings. I love this area of DC. Great market report on the Washington DC Real Estate.

Jun 13, 2018 06:59 PM #3
Rainmaker
4,186,729
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Jun 14, 2018 05:39 AM #4
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Rainmaker
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Claude Labbe

Realty for Your Busy Life
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