Twenty-three units sold in 20037 in June 2011. Key points in June's data:
- Aggregate dollar volume was up 73.22% over the same month in 2010. Unit sales were 21.05% higher. The average price for a home was up a whopping 43.1% and the median price was a more moderate 16.11% higher.
- Condos accounted for 92.08% of units sold. Condos rule!
- The number of condos and houses sold was about the same as June 2010.
- One unit was sold through a bank-mediated short sale for $455,000.
- The average price for condos was $796,655, up 46.11%. Houses were up, although not as spectacularly, up 6.66%.
- Condo sales prices ranged from $150K-5M. The two houses sold in the range $600-799K.
There were 146 active listings during June, 142 condos and 4 houses (did I mention condos rule here?). The listed prices for condos range $150K-5M, with the median somewhere in the $500-599K price point. Two of the four houses were listed for $600-800K and two were listed for $1-2.5M. During June, 12 homes went under contract and another 13 went under contingent contracts. According to MRIS, properties in 20037 sold for 93.8% of the listing price. At June's sales rate, there's 6.76 months supply of condos and a 2 months supply of houses.
As a percentage of the District's June sales:
- 20037's dollar volume was 4.78% of the District's June dollar volume.
- Its average price was 37.79% higher than the District average and its median price was 26.78% higher.
- Its unit sales were 3.47% of all units sold.
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)
Units Sold
Median Sales Price
Average Sales Price
Average Sales Price by Number of Bedrooms
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