If you hadn't already seen this article in The Washington Examiner about home gains in the DC area, you may want to check it out.
So, how did we do in Bloomingdale in 2010? See below for an overview. (Note that I am happy to send the actual data for one or more of the reports below. Just shoot me an e-mail via sdesmarais @ urbanpace dot com.)
Settled House (fee simple) Sales Bloomingdale, LeDroit Park, NW Eckington
2010
77 Total Sales
Average Sold Price $440,118.
Highest Sold Price $849,500
Average Days on Market 47
2009
75 Total Sales
Average Sold Price $417,957.
Highest Sold Price $879,000
Average Days on Market 76
Settled Condo Sales Bloomingdale, LeDroit Park, NW Eckington
2010
24 Total Sales
Average Sold Price $319,262.
Highest Sold Price $528,000
Average Days on Market 79
2009
28 Total Sales
Average Sold Price $326,677.
Highest Sold Price $540,000
Average Days on Market 113
House prices in the neighborhood saw an increase. With inventory of available homes for sale expected to continue to be tight, we may see another bump in prices over the Spring Market. The other piece of good news is that we saw a decrease in the average period of time that properties are staying on the market. Condo prices in the neighborhood saw a slight decrease.
Best wishes for a great new year,
Suzanne
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