Thirty-seven units sold in 22101 in July 2011. Key points in July's data:
- Aggregate dollar volume was down 15.91% over the same month in 2010. Unit sales were 7.5% lower. The average price for a home fell 9.09% and the median price was down 7.81%.
- No condos were sold. Thirty-seven houses were sold for an average price of $942,293, down 9.09%.
- The houses sold in 22101 are large - 31 of 37 houses sold had 4 or more bedrooms. Those large houses experienced a 10.38% drop in average price in July 2011.
- For the past twelve months, detached housing has dominated sales in 22101. The average monthly sales volume has been 26 detached houses, 3 townhouses, and 1 condo sold per month.
According to MRIS, properties in 22101 sold for 95.2% of the listing price, almost flat compared to 2010. At July's sales rate, there's a 4.24 months supply of houses and they're selling fast - average days on market fell by a third from July 2010 to 61 days. Looking ahead, 23 homes went under contract in July and another 30 went under a contingent contract.
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
1 comment:
its great post information .thanks for sharing
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