WaPo says it's "Out" to buy in Bloomingdale

The Washington Post published their annual list of What's In and What’s Out for 2012, and guess what they said about Bloomingdale? Yep, somebody at WaPo thinks it’s “out” to buy in Bloomingdale. Funny, the increasing number of people buying in Bloomingdale and the continuing activity of emerging local businesses make me think we’re just getting started. What do you think? Numbers below.

Happy 2012!
Suzanne

Settled House (fee simple) Sales Bloomingdale, LeDroit Park, NW Eckington
2011
Current Active Inventory 21
87 Total Sales
Average Net Sold Price $509,566.
Highest Net Sold Price $899,000
Average Days on Market 42
Just this month, we saw the highest sale price in Bloomingdale since 2005.

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
2011
Current Active Inventory 6
37 Total Sales
Average Net Sold Price $299,025.
Highest Net Sold Price $480,000.
Average Days on Market 63
Yes, condo prices went down in 2011 in the neighborhood, but this could be primarily because a new conversion, the eight unit Flatiron of Bloomingdale at 143 Rhode Island Ave NW intentionally sold below market. I expect to see the condo prices increase over 2012.

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