Urban Turf: "home price watch -- prices rise 20% in Bloomingdale"

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Home Price Watch: Prices Rise 20% in Bloomingdale

April 21, 2014
by Lark Turner 

Last week UrbanTurf began using new data from RealEstate Business Intelligence (RBI) to look at the real estate market in specific DC area neighborhoods. First up was Capitol Hill, where low inventory made for lower sales volume and rising prices.

This week we take a look at data specific to the Bloomingdale neighborhood. It should be noted that Bloomingdale covers a much smaller area than Capitol Hill, which means that a 50 percent increase in sales year-over-year translates to 15 homes selling so far in 2014, compared to ten at this time last year.

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 Data from the 2014 RBI report for Bloomingdale reveals that the neighborhood housing market is quite hot compared to last year. Here are some highlights:

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