Washington DC Real Estate Market Report for July 2009. Good news to report for potential DC home buyers and sellers-Home sales are up. Total sold dollar volume of Washington DC homes in July 2009 was $313,292,875 compared to $293,540,305 in July 2008.
Total amount of Washington DC Houses for sale that actually sold in July 2009 were 648 houses compared to 506 houses in July 2008. That is a 28.06% DC home sales increase. With low interest rates,lower home prices and with less than 100 days left to get the $8000 first time home buyer tax credit for DC and MD Home buyers, this is a great time to buy a house for sale in DC.
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Residential |
Active Listings |
Time on Market |
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|
Price Class |
2 |
|
4 |
Condo |
Residential |
Condo |
of Units Sold |
|
|
Under $30,000 |
1 |
0 |
0 |
0 |
4 |
8 |
1 -30 Days |
268 |
|
$30,000-$39,000 |
0 |
0 |
0 |
0 |
1 |
5 |
31-60 Days |
108 |
|
$40,000-$49,999 |
0 |
1 |
1 |
3 |
4 |
6 |
61 - 90 Days |
83 |
|
$50,000-$59,999 |
1 |
2 |
0 |
0 |
11 |
5 |
91-120 Days |
36 |
|
$60,000-$69,999 |
4 |
1 |
0 |
0 |
9 |
5 |
Over 120 Days |
153 |
|
$70,000-$79,999 |
0 |
4 |
2 |
2 |
13 |
10 |
Total |
648 |
|
$80,000-$89,999 |
0 |
1 |
0 |
1 |
8 |
9 |
||
|
$90,000-$99,999 |
2 |
4 |
0 |
1 |
26 |
6 |
Type of Financing |
|
|
$100,000-$119,999 |
1 |
1 |
1 |
2 |
34 |
29 |
||
|
$120,000-$139,999 |
2 |
6 |
2 |
1 |
34 |
50 |
Conventional |
323 |
|
$140,000-$159,999 |
1 |
3 |
0 |
5 |
56 |
62 |
FHA |
159 |
|
$160,000-$179,999 |
0 |
2 |
0 |
8 |
60 |
69 |
VA |
13 |
|
$180,000-$199,999 |
1 |
6 |
3 |
10 |
78 |
76 |
Assumption |
40 |
|
$200,000-$249,999 |
6 |
10 |
4 |
41 |
162 |
170 |
Cash |
99 |
|
$250,000-$299,999 |
3 |
15 |
6 |
37 |
180 |
170 |
Owner Finance |
1 |
|
$300,000-$399,999 |
5 |
25 |
19 |
92 |
265 |
276 |
All Other |
13 |
|
$400,000-$499,999 |
9 |
20 |
6 |
53 |
149 |
241 |
Unreported |
0 |
|
Over $500,000 |
16 |
65 |
77 |
53 |
648 |
429 |
Total |
648 |
|
Totals |
52 |
166 |
121 |
309 |
1742 |
1626 |
||
|
Grand Totals |
648 | 3368 |
|
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Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter 
http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. 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. "Buy DC home" Zip codes 20019,20020,20011,20032,20774,20721
Looking for a Real Estate Agent that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. 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. "Buy DC home" Zip codes 20019,20020,20011,20774,20721
Welcome to the bottom of the housing market. I didn't say this -Experts did. But have we really reached the bottom of the housing market? Well U.S June existing home sales up 3rd straight month - MarketWatch. Last time I believed this happened was in 2005. And most of us who were real estate professionals in 2005 knew what the real estate market was back then. I think that we have reached the bottom of the housing market in some areas but not every real estate market has fully recovered.
But is this good news for home buyers in DC or Prince George's County MD? Is this good news for home owners in DC and Prince George's County Maryland? DC and Prince George's County MD Sellers? Or is this bad news for home buyers and/or sellers? I think this is great news for both buyers and sellers. I hear a lot from home buyers who are looking to buy a house in DC or Prince George's County Maryland how they are not ready to buy a house yet because they still are waiting for prices of houses for sale to drop.
Maybe with three straight months of housing market sales increase and the housing market finally bottomed out in some areas,this would bring out more home buyers in DC and Prince George's County Maryland. Also home owners who are not sure whether to put their DC or P.G County Maryland house on the market will finally do so now. While we are not out of a recession yet,we are recovering Barack Obama - US Economy Is Recovering. So people who are looking to buy a house in DC and P.G County MD,this is a great time to buy a house if you want the $8000 first time home buyer tax credit for DC and P.G County Md Home buyers before 12/1/09.
Read this story that inspired this blog Welcome to the bottom: Housing begins slow rebound (AP) - Yahoo ...
Looking for a Real Estate Agent that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. 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. "Buy a Petworth DC home" Zip codes 20019,20020,20011,20774,20721
Looking for a Real Estate Agent that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. 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. "Buy DC home" Zip codes 20019,20020,20032,20011
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DC Petworth Real Estate Market Report Zip code 20011.
Avg days of a DC Petworth house on the market: 110 days compared to 121 days a 9.09 decrease from June 2008. Total units sold: 45 DC Petworth compared to 47 this time last year a 4.26% decrease from June 2008. Total sold dollar volume: $15,397,667 compared to $19,837,229 a 22.38% decrease from June 2008. Avg sold price of a DC Petworth house for sale was $334,732 compared to $422,069 in June 2008. Average listing price of a DC Petworth house that sold was $369,447
Out of the 45 DC Petworth houses for sale that sold:15 of them were conventional loans,16 of them were FHA loans,3 of them were VA loans,5 of them were Assumption loans,6 of them were cash purchases,1 of them was another form of payment and one was unreported.
Looking for a Real Estate Agent that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. 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. "Buy DC home" Zip codes 20019,20020,20032,20011
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Who is Lanre Folayan? He is a fun loving and hard-working Real Estate Professional who loves helping people buy and sell their home. Dubbed Mr DC Real Estate Gucci Man by Active Rain's Kerrie.
Hello! Welcome to Exit Premier Realty! Thank you very much for visiting my website. Hope you will find everything that you are looking for on my blog that best suits your real estate wants,needs and lifestyle. With the $8000 first time home buyer tax credit,this is a great time to buy a house whether you are looking to buy a house in Washington DC or P.G County Maryland.
Here you will find many topics relating to real estate such as real estate market reports,negotiating,information on the local area,finding the right home that best suits your wants,needs and lifestyle,submitting the best offer on a house and more.
Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC and PG County MD Houses for sale and Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com - "Where we will get it sold-your home that is". Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. 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. "Buy a home in Northeast DC and PG County MD today" in zip codes 20019,20020,20011,20032,20774,20721
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Home buyers: Lanre Folayan works with:
I always provide great customer service to all of my clients. I study the real estate market by reviewing and writing Real Estate Market Reports on certain areas such as
I assist home buyers by providing useful information before the search. I will keep all of my clients up to date on the home transaction and make sure that all paper work is in order to close on time.
Home sellers: 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. Some of the things that I will do according to my EXIT 84 point upgrade marketing plan includes..
Give me a call so that we can go over with you my Listening Presentation not Listing Presentation. I am looking forward to working for you and helping you make your home purchase or sale a stress free and very happy one. Thank you very much
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