Ten units sold in zip code 20036 in April 2011. Key points in April's data:
- Ten condos were sold, no houses were sold. During the past 12 months, most of the units sold in 20036 had 2 or fewer bedrooms.
- Aggregate dollar volume was little changed from the same month in 2010, up a mere 0.98%. Unit sales were about the same, too, 10 units sold in April 2011 compared to 11 in April 2010.
- The average sales price rose 11.08%, but the median sales price fell 11.13%.
- Nine condos sold at prices between $200-500K, the 10th sold for $600-800K.
At April's sales rate there's a 3.3 months supply of condos; 7 houses were listed in April. All condos listed in 20036 are priced between $150-500K. The houses were listed between $800K-5MM. According to MRIS, properties in 20036 sold for 94.3% of the listing price.
With its central location, zip code 20036 should be an attractive area for those who're looking for a condo. Condo buyers should be prepared to move quickly due to its low inventory. Those looking for a house may be able to 'shop' at their leisure, but will have fewer choices.
My good friends at Urban Turf published a version of this post on their site a few days ago.
Detailed Data for the Month
Average Sales Price
Dollar Volume
Transaction Volume
Monthly Data for the Past Year (by Housing Type)
Median Sales Price
Average Sales Price