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Washington DC Real Estate Market Report for July 2009

Washington DC Real Estate Market Report for July 2009. Good news to report for potential DC home buyers and sellers-Home sales are up. Total sold dollar volume of Washington DC homes in July 2009 was $313,292,875 compared to $293,540,305 in July 2008.

Total amount of Washington DC Houses for sale that actually sold in July 2009 were 648 houses compared to 506 houses in July 2008. That is a 28.06% DC home sales increase. With low interest rates,lower home prices and with less than 100 days left to get the $8000 first time home buyer tax credit for DC and MD Home buyers, this is a great time to buy a house for sale in DC.

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop and
Ground Rent

Residential
  

Condo
Coop and
Ground Rent

of Units Sold
(No. of Units)

Under $30,000

1

0

0

0

4

8

1 -30 Days

268

$30,000-$39,000

0

0

0

0

1

5

31-60 Days

108

$40,000-$49,999

0

1

1

3

4

6

61 - 90 Days

83

$50,000-$59,999

1

2

0

0

11

5

91-120 Days

36

$60,000-$69,999

4

1

0

0

9

5

Over 120 Days

153

$70,000-$79,999

0

4

2

2

13

10

Total

648

$80,000-$89,999

0

1

0

1

8

9

   

$90,000-$99,999

2

4

0

1

26

6

Type of Financing
of Units Sold
(No. of Units)

$100,000-$119,999

1

1

1

2

34

29

$120,000-$139,999

2

6

2

1

34

50

Conventional

323

$140,000-$159,999

1

3

0

5

56

62

FHA

159

$160,000-$179,999

0

2

0

8

60

69

VA

13

$180,000-$199,999

1

6

3

10

78

76

Assumption

40

$200,000-$249,999

6

10

4

41

162

170

Cash

99

$250,000-$299,999

3

15

6

37

180

170

Owner Finance

1

$300,000-$399,999

5

25

19

92

265

276

All Other

13

$400,000-$499,999

9

20

6

53

149

241

Unreported

0

Over $500,000

16

65

77

53

648

429

Total

648

Totals

52

166

121

309

1742

1626

   

Grand Totals

648 3368
   2009   2008   % Change
Total Sold Dollar Volume: $ 313,292,875 $ 293,540,305 6.73 %
Average Sold Price: $ 483,477 $ 580,119 - 16.66 %
Median Sold Price: $ 386,000 $ 422,180 - 8.57 %
Total Units Sold: 648 506 28.06 %
Average Days on Market: 88 74 18.92 %
Average List Price for Solds: $ 520,162 $ 624,805 - 16.75 %
Avg Sale Price as a percentage of Avg List Price: 92.95 % 92.85 %
Total Number of NEW listings
taken for the month: 914

Total Number of Properties   
marked Contract for the month: 393
Total Number of Properties   
marked Contingent for the month: 289

Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 682

 

Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter Twitter: DCHomesforsalehttp://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy DC home" Zip codes 20019,20020,20011,20032,20774,20721

 

Click here to Buy a house with $0 down and get up to 4% in grant to use towards down payment and closing costs.     

 

                                                         

 

Want to get a list of recent SOLD HOMES in your area of choice? Click on this link 

 

 

 

Click on this link to download my KW Mobile App to search homes for sale on your mobile phone,IPAD or tablet http://app.kw.com/KW2GQDDCJ

 

kw logo      https://www.linkedin.com/in/bornagain00

 

 

 

                       

  

 

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