Washington DC Market Report Statistics Zip code 20020 in July 2008

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

Home buyers: If you are currently renting,do you feel that maybe now would be a good time to buy a house? Is it now time to get a loan approval?

Home owners: Have you been thinking about putting your house on the market but not sure whether it will sell or not? Want to know whether homes are selling in your area?

Hopefully this market report statistics for "houses for sale in Washington DC" that sold in the Washington DC Zip code 20020 in July 2008 can help you answer any questions you might have about the current real estate market in your neighborhood and help you make a better sound decision when it comes to buying or selling your next home.

 

ZIP Code: 20020 Washington, DC

From: 07/01/2008 to 07/31/2008                Statistics generated on: 08/07/2008

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

1

0

3

4

0

1 -30 Days

0

$100,000 - 149,999

0

0

0

0

0

6

19

0

31-60 Days

2

$150,000 - 199,999

0

0

1

1

0

19

51

0

61 - 90 Days

1

$200,000 - 249,999

1

1

1

1

0

15

33

0

91-120 Days

0

$250,000 - 299,999

0

1

0

0

0

34

3

0

Over 120 Days

7

$300,000 - 349,999

0

0

0

0

0

23

2

1

Total

10

$350,000 - 399,999

0

0

0

0

0

13

1

0

 

$400,000 - 449,999

0

0

0

0

0

2

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

1

0

0

0

6

1

0

$500,000 - 599,999

0

0

0

0

0

8

0

0

Conventional

2

$600,000 - 699,999

0

0

1

0

0

4

0

0

FHA

5

$700,000 - 799,999

0

0

0

0

0

1

0

0

VA

1

$800,000 - 899,999

0

0

0

0

0

0

0

0

Assumption

1

$900,000 - 999,999

0

0

0

0

0

0

0

0

Cash

1

$1,000,000 - 2,499,999

0

0

0

0

0

1

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

1

3

3

3

0

135

114

1

Total

10

Grand Totals

10 250
    2008    2007    % Change
Total Sold Dollar Volume: $ 2,567,058 $ 5,744,698 - 55.31 %
Average Sold Price: $ 256,706 $ 229,788 11.71 %
Median Sold Price: $ 211,879 $ 215,000 - 1.45 %
Total Units Sold: 10 25 - 60.00 %
Average Days on Market: 146 74 97.30 %
Average List Price for Solds: $ 292,160 $ 240,464 21.50 %
Avg Sale Price as a
percentage of Avg List Price:
87.86 % 95.56 %
Total NEW listings: 58
Total Properties Marked Contract: 17
Total Properties Marked Contingent Contract: 9
Total NEW pendings (Contracts + Contingents): 26

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data

To receive your "Free list of houses for sale in Washington DC",please give me a call at your earliest convenience. I can be reached at 202-378-0283 (Direct) or (301) 560-6700 x1154 (Office). I can also be reached online at www.buyandsellnewhomes.com and www.freelistofhomesforsale.com. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. Lanre Folayan- Real Estate Professional with Exit Premier Realty. "Buy a home in Washington DC"

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Ambassador
1,022,040
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Days on Market and Units Sold... Very telling!  Nice report, Lanre.

Aug 14, 2008 05:24 PM #1
Ambassador
1,633,479
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Lanre - This should be helpful to consumers when making a decision to buy or sell.

Aug 15, 2008 12:29 AM #2
Ambassador
1,480,908
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Days on market increasing aren't very good.  I am most surprised that sales have fallen as much as that.  60% ? Wow! I would have assumed that with he gas crunch, people would be buying homes in-town!!  These statistics show me I was wrong.

Aug 15, 2008 12:33 AM #3
Rainer
132,269
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Good report.  Consumers will find this very useful.

Aug 15, 2008 12:37 AM #4
Rainmaker
795,229
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Margaret- Thank you very much. I am still learning. Hopefully one day I will a great writer/blogger/real estate professional like you.

Jennifer- Absolutely. I always find your posts very helpful.

Jim-Days on the market increasing as you know is never good. Hopefully six-nine months from now,it will be a different story.

Jon-Thank you very much.

Aug 18, 2008 09:12 PM #5
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Rainmaker
795,229

Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
Are you in the market to buy or sell your house? Call me now.
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