Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2018 07

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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 69 homes were sold in July 2018, this continues a bit of a drop from last month, and less than the average for the prior 5 years, which was 70.  A hiccup maybe, but one more month makes a trend. 

Currently there are 115 homes are on the market for the month of August, a tiny drop from the previous month, but higher than the 5 year average of 101. With this ratio, we are at 1.9 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 July shows us a $648,000 Sold price, almost identical to last month and bumping back up to the higher prices we saw earlier in 2018. We compare this to the prior five year average of $643,380 and we are close to average. Can the market keep moving up? It bears watching.

The average home was sold in 13 days.  The 5 year average is 10 days.  A touch over average.

The ratio of sold price to original list price is stable at 100%, right at the 100% 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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District of Columbia District of Columbia County Washington
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2018 Market Reports
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Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good day 

Thank you for sharing your information with us 

Have a great day.

08/21/2018.  

Aug 21, 2018 04:10 PM #1
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Aug 22, 2018 11:22 AM #2
Rainmaker
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Joyce Marsh, Daytona Beach Florida
Joyce Marsh at Premier Sotheby’s International Realty - Daytona Beach, FL
Proudly Selling Extraordinary Homes and Lifestyles

Your latest market snapshot report and graphs are very helpful for those looking to buy or sell. Thanks for the update. 

Aug 22, 2018 12:26 PM #3
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Rainmaker
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Claude Labbe

Realty for Your Busy Life
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