Petworth Washington DC Real Estate Market Report Statistics ( Zipcode 20011 ) for September 2008 have some good news and bad news-If only they could all be good.
Good news-42 houses sold in Petworth Washington DC last month compared to 28 houses that sold in Petworth Washington DC this time last year a 50% increase. Total sold dollar volume for houses that sold in Petworth Washington DC was $14,728,889 compared to $10,688,700 last year a 37.84% increase.
Bad news-While people are buying houses in Petworth Washington DC,it is taking a long time to sell them. Average days on the market for a house in Petworth Washington DC was 109 days compared to 80 days this same time last year,a 36.25% increase which is not good at all for home owners who are trying to sell their home. And average sold price of a house in Petworth Washington DC was $350,688 compared to $381,632 this same time last year a 8.11% drop. So home owners who are trying to sell in Petworth Washington DC are losing value in their home.
And most of the houses that sold in Petworth Washington DC were houses in the price range of $300,000-$349,000 (6 houses that sold ) and $350,000-$399,999 (6 houses that sold ). With more affordable rowhouses and detached homes coming on the market in a affluent and diverse area such as Petworth Washington DC,more buyers are noticing and want to own a house in the subdivision area while they still can.
But it is still a buyer's market. And I've learned that no matter what the real estate market says,it takes the same three things to sell-Presentation,Promotion and Price. Just price your house right against your local competition and you'll be able to sell it in a reasonable amount of time.
To request your own free Petworth Washington DC Real Estate Market Report Statistics or any market reports in your area of choice and receive your free list of "houses for sale in Washington DC",please visit my website Houses for sale in Washington,DC. I can be reached at (202) 378-0283 (Direct) and (301) 560-6700 x1154 (Office). I can also be reached online at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... and Washington DC,Maryland and Virginia Houses for Sale. Thank you very much. Looking forward to working with you and 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"