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Summary of Sales in Zip Code 20814 in April 2011 |
- Compared to the same month in 2010, aggregate dollar volume was up 20.86%. Although unit sales fell 16.67%, the average sales price rose 45.03%; the median sales price was 2.62% lower.
- The average price for a condo fell 20.67%. The average price for a house was 37.25% higher, probably thanks to the fact that 6 of 20 houses sold for more than $1MM.
- The 10 condos sold for prices between $150-600K, the 20 houses sold in the range $300K-5MM.
- Unit sales for condos were down 50%, but up 25% for houses.
- The number of homes listed, 114, was about the same as April 2010.
Given its relatively low entry prices, zip code 20814 should be an attractive area for those who're looking for a condo. With an inventory of almost 6 months, the condo market is close to equilibrium. The market's much more tilted towards those selling houses and with an average price greater than $900K, it will be a bigger lift for buyers.
My good friends at Urban Turf published a version of this post a few days ago on their site.
Detailed Data for the Month
Average Sales Price
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Average Sales Price in Zip Code 20814 in April 2011 |
Dollar Volume
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Dollar Volume in Zip Code 20814 in April 2011 |
Transaction Volume
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Unit Sales Volume in Zip Code 20814 in April 2011 |
Units Sold
Median Sales Price
Average Sales Price
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