Friday, September 23, 2011

MRIS August Sales Report: Zip Code 20910

And now, on to August. Today I analyze August's sales for zip code 20910 using data provided by MRIS and RBI. 20910 is home to Silver Spring, MD. It's roughly bordered by the District on the south, Sligo Creek on the east, I-495 on the north, and Rock Creek Park / Grubb Road on the west.


Twenty-five units sold in 20910 in August 2011. Key points in August's data:
  • Aggregate dollar volume was down 14.1% over the same month in 2010. Unit sales were 10.71% lower.  The average price for a home fell 3.79%, but the median price was up 5.22%. 
  • Twenty-one houses were sold for an average price of $479,137, down 3.46%. Four condos were sold for an average price of $215,000, down 28.16%.
  • Of the twenty-five homes sold, four were sold through a bank-mediated sale at a median price of $285,000.
  • For the past twelve months, the average monthly sales volume has been 14 detached houses, 2 townhouses, and 7 condos sold per month.
There were 85 active listings during August: 26 condos and 59 houses. More than half of the condos listed were priced $200-299K and more than half the houses were listed in the $400-600K price range.

According to MRIS, properties in 20910 sold for 95% of the listing price. At August's sales rate, there's a 6.5 months supply of condos and a 2.8 months supply of houses. Overall, homes are selling quickly in 20910 - the average days on market fell to 69 days, down almost 30% from August 2010. However, the condo market has tipped slightly in favor of buyers. Looking ahead, 24 homes went under contract in August and another 21 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

Saturday, September 17, 2011

MRIS July Sales Report: Zip Code 22101

Today I analyze July's sales for zip code 22101 using data provided by MRIS and RBI. 22101 is bordered by the Potomac River, I-495, 267, and Kirby Road. We'd tell you it's home to the CIA, but we can't. But we can tell you it's home to McLean, VA.


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.
There were 165 active listings during July, 8 condos and 157 houses. The list prices for condos topped out at $2.5M, but half were in the $200-300K price range. Generally, house prices were in the $500K-infinity price range, with almost half in the $1-2.5M price range.

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

Friday, September 02, 2011

MRIS July Sales Report: Zip Code 20032

With this post, I'll have analyzed a month's sales for every DC zip code save for 20004, sort of a ring cycle for DCHousingPrices.com. To wrap up the first tour of DC, I analyze July's sales for zip code 20032 using data provided by MRIS and RBI. Forming the District's southeast tip, 20032 is bordered by the Potomac and Anacostia Rivers and the District/Maryland line. Bisected by I-295, it's home to Joint Base Anacostia-Bolling, a.k.a., Bolling AFB, and the Bellevue, Congress Heights, and Washington Highlands neighborhoods.


Five units sold in 20032 in July 2011. Key points in July's data:
  • Aggregate dollar volume was down 55.2% over the same month in 2010. Unit sales were 50% lower.  The average price for a home fell 10.4%, the median price was down 16.96%. 
  • Two homes were sold as bank-mediated sales at a median price of $51,600.
  • One condo sold for $41,000, up 64%.
  • Four houses were sold for an average price of $147,455, down 4.05%.
  • For the past twelve months, attached housing (rowhouses and/or townhouses) have dominated sales in 20032. The average monthly sales volume has been 2 detached houses, 7 attached houses, and 2 condos sold per month.
There were 77 active listings during July, 28 condos and 49 houses. The list prices for condos topped out at $300K. Almost all houses ranged from $50-300K, with 2 between $300-400K and another listed at $500-600K.

20032 was barely on the map as a portion of District sales in July. It represented 0.18% of July's dollar volume in the District. Its average price was 78.76% less than the District's and its median price was 73.03% lower. 20032's unit sales were 0.86% of all sales in the District in July. According to MRIS, properties in 20032 sold for 94.2% of the listing price, a 12.03% improvement from 2010. At July's sales rate, there's a 28 months supply of condos and a 12.25 months supply of houses. A buyer's market. Going forward, 22 homes went under contract in July and another 9 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