Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2018 05

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 78 homes were sold in May 2018 a few higher than the previous month and a bit higher than average for the prior 5 years, which was 73.  

Currently there are 135 homes are on the market for the month of April, another increase from the previous month and higher than the 5 year average of 105. With this ratio, we are at 2.1 Months of Supply, which is a bit higher than 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 May shows us a $707,500 Sold price, bumping back up to the higher prices we saw earlier in 2018. We compare this to the prior five year average of $673,400. Can the market keep moving up? It bears watching.

The average home was  sold in 8 days.  The 5 year average is 8 days.  Right at average.

The ratio of sold price to original list price is stable at 100%, right at the 100.2% average for the prior 5 years.   Sellers are seeing an advantage to their buyers, 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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2018 Market Reports
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Rainmaker
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good evening Claude. This is terrific, well designed and informative. I wanted to say hello too.

Jun 20, 2018 04:43 PM #1
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Rainmaker
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Claude Labbe

Realty for Your Busy Life
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