Southwest DC Market Report - 04/01/2010

Southwest DC Waterfront is a wonderful example of mid-century American architecture, much of Southwest was redeveloped in the 1950-1960s.

The neighborhood offers everything from small studio apartments to large townhouses and palatial apartments with water views.

The residential area of Southwest DC is bounded by South Capitol Street to the east, 14th Street to the west, the Southeast-Southwest Freeway to the north, and Washington Channel to the south.

Here are the figures:

Currently For Sale: 88 homes

Current asking price:
Low: $99,900
High: $899,900
Average: $280,680

Under Contract: 24 homes

Asking price at contract:
Low: $130,000
High: $449,900
Average: $296,057

Average Number of Days on Market Until Contract: 103

Sold since 1/1/2010: 18 homes

Final sales price:
Low: $115,000 

High: $804,000
Average: $318,715

Average asking price for sold properties: $333,900

Average Number of Days on Market Until Contract: 63