Anyone looking to buy a house in DC Petworth-This would be a great time to buy. Petworth DC Real Estate Market is a good market. While some Real Estate Market fluctuates,Petworth DC Real Estate Market has been stable. However average days of a DC Petworth house on the market was 138 days compared to 99 days this same time last year.
Out of the 24 home buyers that brought a house in Petworth DC,12 of them used a FHA Loan. Is a FHA loan suitable for you? Please read this blog by Lawrence Bland The Down Payment - FHA LOans (Pay close attention to Items of Value) and FHA Expert himself Jeff Belonger FHA Loans vs Conventional Loans - 5% down - Things you need to know !!!! to help you with your decision.
Here is the DC Petworth Real Estate Market Report Zip code 20011 for April 2009
|
Residential |
Active Listings |
Time on Market |
||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
|
|
Under $100,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1 -30 Days |
8 |
|
$100,000 - 149,999 |
0 |
2 |
0 |
1 |
0 |
1 |
10 |
0 |
31-60 Days |
2 |
|
$150,000 - 199,999 |
0 |
2 |
0 |
0 |
0 |
12 |
17 |
0 |
61 - 90 Days |
2 |
|
$200,000 - 249,999 |
0 |
0 |
4 |
0 |
0 |
36 |
38 |
0 |
91-120 Days |
1 |
|
$250,000 - 299,999 |
0 |
2 |
2 |
0 |
0 |
49 |
11 |
0 |
Over 120 Days |
11 |
|
$300,000 - 349,999 |
0 |
1 |
2 |
0 |
0 |
44 |
5 |
0 |
Total |
24 |
|
$350,000 - 399,999 |
0 |
1 |
0 |
0 |
0 |
32 |
3 |
0 |
||
|
$400,000 - 449,999 |
0 |
0 |
1 |
0 |
0 |
18 |
2 |
0 |
Type of Financing |
|
|
$450,000 - 499,999 |
0 |
0 |
1 |
0 |
0 |
20 |
0 |
0 |
||
|
$500,000 - 599,999 |
0 |
0 |
0 |
0 |
0 |
10 |
0 |
0 |
Conventional |
6 |
|
$600,000 - 699,999 |
0 |
0 |
3 |
0 |
0 |
14 |
0 |
0 |
FHA |
12 |
|
$700,000 - 799,999 |
0 |
0 |
1 |
0 |
0 |
5 |
0 |
0 |
VA |
0 |
|
$800,000 - 899,999 |
0 |
0 |
0 |
0 |
0 |
1 |
0 |
0 |
Assumption |
2 |
|
$900,000 - 999,999 |
0 |
0 |
0 |
0 |
0 |
2 |
0 |
0 |
Cash |
3 |
|
$1,000,000 - 2,499,999 |
0 |
0 |
1 |
0 |
0 |
4 |
0 |
0 |
Owner Finance |
0 |
|
$2,500,000 - 4,999,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
All Other |
1 |
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Unreported |
0 |
|
Totals |
0 |
8 |
15 |
1 |
0 |
248 |
86 |
0 |
Total |
24 |
|
Grand Totals |
24 | 334 |
|
|
Looking for a Real Estate Agent 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 or Twitter 
http://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 home Washington DC" Zip codes 20019,20020,20032,20011
Lanre, what a great market report. This really gives buyers and sellers the details they need to make decisions.
Lanre as usual a though report that can assist consumers to make a more informed decision.