
DC's Real Estate Market: It's A Little Crazy Out There!
If you've been house hunting lately, you know there's a lot of activity in the DC market... and more than a few buyers competing for the same properties.
RBI released their February market data to few raised eyebrows. More robust than January, which saw buyers jumping in to the market wholeheartedly.
And that DC inventory shortage you've been hearing about? So true. Especially condos.
RBI reports median prices rose 6% and inventory dipped to its lowest level since 2005. Contracts are up 1.9% too, so expect inventory levels to slip again in the March report (due April 10th). There haven't been this many contracts in February since 2007.

Northern Virginia Real Estate Market Update
Northern Virginia
February 2012 Real Estate Market Statistics for
Alexandria City, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$54,478,243 |
-6.64% |
+26.62% |
|
Closed Sales |
119 |
-13.77% |
+14.42% |
|
Median Sold Price |
$410,000 |
+4.33% |
+4.19% |
|
Avg Sold Price |
$457,800 |
+8.26% |
+10.66% |
|
Avg Days on Market |
85 days |
+3.66% |
-5.56% |
|
Avg Sold to Orig List Ratio |
94.64% |
+1.05% |
-0.19% |
February 2012 Real Estate Market Statistics for
Arlington County, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$92,626,037 |
+32.65% |
+35.9% |
|
Closed Sales |
171 |
+26.67% |
+40.16% |
|
Median Sold Price |
$480,000 |
+8.72% |
-6.52% |
|
Avg Sold Price |
$541,673 |
+4.73% |
-3.04% |
|
Avg Days on Market |
78 days |
+9.86% |
+1.3% |
|
Avg Sold to Orig List Ratio |
95.67% |
+0.82% |
+0.28% |
February 2012 Real Estate Market Statistics for
Fairfax County, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$318,313,959 |
+2.68% |
+8.78% |
|
Closed Sales |
736 |
+2.08% |
+12.37% |
|
Median Sold Price |
$362,500 |
+1.4% |
-1.36% |
|
Avg Sold Price |
$432,492 |
+0.59% |
-3.19% |
|
Avg Days on Market |
73 days |
-5.19% |
-8.75% |
|
Avg Sold to Orig List Ratio |
95.86% |
+0.55% |
+1.14% |
February 2012 Real Estate Market Statistics for
22066 Great Falls, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$12,017,500 |
-25.15% |
-30.71% |
|
Closed Sales |
10 |
-9.09% |
-37.5% |
|
Median Sold Price |
$945,000 |
-28.68% |
+9.57% |
|
Avg Sold Price |
$1,201,750 |
-17.67% |
+10.86% |
|
Avg Days on Market |
120 days |
-16.67% |
-31.03% |
|
Avg Sold to Orig List Ratio |
92.42% |
+1.56% |
+4.48% |
February 2012 Real Estate Market Statistics for
22101 Mc Lean, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$17,077,000 |
-10.22% |
-23.35% |
|
Closed Sales |
16 |
-11.11% |
-30.43% |
|
Median Sold Price |
$845,000 |
-2.14% |
+11.11% |
|
Avg Sold Price |
$1,067,313 |
+1% |
+10.18% |
|
Avg Days on Market |
163 days |
+24.43% |
+30.4% |
|
Avg Sold to Orig List Ratio |
91.83% |
-3.45% |
-2.29% |
February 2012 Real Estate Market Statistics for
22201 Ashton Heights/Clarendon, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$17,191,700 |
+44.54% |
+62.19% |
|
Closed Sales |
32 |
+39.13% |
+113.33% |
|
Median Sold Price |
$489,500 |
-0.81% |
-12.59% |
|
Avg Sold Price |
$537,241 |
+3.89% |
-23.97% |
|
Avg Days on Market |
58 days |
-30.95% |
-22.67% |
|
Avg Sold to Orig List Ratio |
96.1% |
+1.55% |
-1.24% |
February 2012 Real Estate Market Statistics for
22203 Ballston, VA
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$3,326,500 |
-52.21% |
+53.34% |
|
Closed Sales |
9 |
-35.71% |
+12.5% |
|
Median Sold Price |
$395,000 |
-17.71% |
+63.93% |
|
Avg Sold Price |
$369,611 |
-25.66% |
+36.31% |
|
Avg Days on Market |
115 days |
+19.79% |
-36.11% |
|
Avg Sold to Orig List Ratio |
94.21% |
+0.88% |
+6.96% |
New D.C. Real Estate Market Stats
Market Stats February 2012 (available March 10 2012)
February 2012 Real Estate Market Statistics for
DC Metro
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$973,757,590 |
+5.2% |
+4.73% |
|
Closed Sales |
2,507 |
+1.87% |
+7% |
|
Median Sold Price |
$317,900 |
+5.97% |
+2.55% |
|
Avg Sold Price |
$388,415 |
+3.27% |
-2.12% |
|
Avg Days on Market |
85 days |
0% |
-1.16% |
|
Avg Sold to Orig List Ratio |
93.75% |
+0.73% |
+0.82% |
February 2012 Real Estate Market Statistics for
Washington D.C.
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$207,768,228 |
+21.02% |
+2.38% |
|
Closed Sales |
414 |
+12.2% |
+7.53% |
|
Median Sold Price |
$398,500 |
+10.69% |
+6.27% |
|
Avg Sold Price |
$501,856 |
+7.86% |
-4.79% |
|
Avg Days on Market |
74 days |
-19.57% |
-3.9% |
|
Avg Sold to Orig List Ratio |
95.07% |
+2.91% |
+1.17% |
February 2012 Real Estate Market Statistics for
20001 Howard U./Shaw, DC
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$16,976,699 |
+45.23% |
-1.58% |
|
Closed Sales |
38 |
+35.71% |
+5.56% |
|
Median Sold Price |
$447,500 |
+22.3% |
-0.83% |
|
Avg Sold Price |
$446,755 |
+7.01% |
-6.76% |
|
Avg Days on Market |
60 days |
-11.76% |
+15.38% |
|
Avg Sold to Orig List Ratio |
98.07% |
+5.37% |
+1.11% |
February 2012 Real Estate Market Statistics for
20002 Capitol Hill/North, DC
|
Statistic |
Values |
YoY |
MoM |
|
Total Sold Dollar Volume |
$17,077,554 |
+1.12% |
-5.65% |
|
Closed Sales |
41 |
-12.77% |
-14.58% |
|
Median Sold Price |
$395,000 |
+8.22% |
+28.46% |
|
Avg Sold Price |
$416,526 |
+15.92% |
+10.46% |
|
Avg Days on Market |
47 days |
-16.07% |
-33.8% |
|
Avg Sold to Orig List Ratio |
95.57% |
+2% |
-1.02% |
Contact me for a personalized market report:
Susan Isaacs
Email: susanisaacsrealtor@ gmail.com
Cellular: 440-533- 5113
Coldwell Banker Residential Brokerage
1606 17th Street NW DC 20009
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