Urban Turf: "Home Price Watch: The Increasingly Competive Market in Bloomingdale"

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Home Price Watch: The Increasingly Competive Market in Bloomingdale

• May 18, 2015

by Lark Turner

In this week’s Home Price Watch, we head to Bloomingdale, where list prices have risen significantly year-over-year and homes continue to sell above their asking price.

Using segmented data from the advertised subdivision of Bloomingdale provided by RealEstate Business Intelligence (RBI), we looked at the year-to-date housing market data in the neighborhood and compared it to last year to see how the market may have changed.

Bloomingdale is a small neighborhood by DC standards, so it doesn’t have the sales volume of say, Capitol Hill. For example, 19 homes have sold so far this year, down from 21 in the first four months of 2014, so a metric like median price data is not as useful as it is in other parts of DC.

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