Things to do in Washington DC: Petworth DC zip code 20011 Real Estate Market Report-March 2018

Petworth DC zip code 20011 Real Estate Market Report-March 2018

                           Petworth DC zip code 20011 Real Estate Market Report-March 2018 

Petworth Real Estate Market is similiar to many if not most of the Local Real Estate Markets all across the country-Demand is more than supply. Also DC home prices have remained very stable. 

5419 7TH ST NWWASHINGTON DC  20011. This Home Has It All! Spectacular

Renovation of extra Wide 3 Level T.H. Large Front Porch. Spacious Living area with Amazing Kitchen with Island, Gas Range, Wine Cooler.

Den or Sun Room off Kitchen. Huge Master Suite with Ample Closet and Storage.

Washer and Dryer on Upper Level. Lower Level has Family Rm, Full Bath and 4th Bedroom plus Bonus Rm. Huge Deck! Garage Door with Parking for 2 Cars. This house is on sale for $795,000. 

Listing courtesy of Long and Foster

5419 7TH ST NW, WASHINGTON, DC  20011

 Here is the Petworth DC zip code 20011 Real Estate Market Report-March 2018

Petworth DC zip code 20011 Real Estate Market Report

  • Average sold price of a Petworth DC zip code 20011 in March 2018 was $596,983. But it only dropped ONLY 2.66% in March 2017 when the average sold price of a Petworth DC zip code 20011 was $613,286.
  • 30 Petworth DC zip code 20011 Houses sold in March 2018 compared to 32 when Petworth DC zip code 20011 Houses SOLD in March 2017.
  • Average days on the market of a Petworth DC zip code 20011 HOUSE SOLD in March 2018 was 42 days compared to March 2017 when the average days on the market of a Petworth DC 20011 zip code SOLD was 37 days. That is a 13.51% drop.
  • Average selling price to original list price ratio of a Petworth DC House SOLD was 98.8% compared to March 2017 when the average selling price to original list price ratio of a Petworth DC House SOLD was 99.0%.
  • 20 out of the 30 Petworth DC zip code 20011 Houses SOLD were purchased with a Conventional Loan in March 2018.
  • 5 out of the 30 Petworth DC zip code 20011 Houses SOLD were purchased with a CASH in March 2018.
  • 1 out of the 30 Petworth DC 20011 zip code Houses SOLD were purchased with a FHA Loan in March 2018.
  • 4 out of the 30 Petworth DC zip code 20011 Houses SOLD were purchased with a other kind of financing in March 2018.
  • 24 out of the 30 Petworth DC zip code 20011 Houses SOLD were sold in March 2018. were on the market for 90 days or less.
  • 23 out of the 30 Petworth DC zip code 20011 Houses SOLD in March 2018 were on the market for 60 days or less.
  • 20 out of the 30 Petworth DC zip code 20011 Houses SOLD in March 2018 were on the market for 30 days or less.

Even though there has been a slight drop in Average price sold and how many houses SOLD,Petworth DC is still one of the many neighborhoods in DC that people want to move to. Why? Popular growth and high demand. And some home buyers whose offers are not getting accepted by home owners due to stiff competition in other DC areas-Ex: Georgetown,Columbia Heights,U St/Shaw and Truxton Circle are considering and buying a house or Condo in Petworth DC.

But new properties are always being built around DC. Hopefully that will help alleviate the stress that many home buyers are experiencing who can't buy a house in their desired area in DC.

 

Also please read this blog

Deanwood DC zip code 20019 Real Estate Market Report-March 2018

 

And if you know anyone who is looking to buy and/or sell a house in Washington DC,I would love to be your Exclusive Real Estate Professional. You can call or text me at 202-378-0283. Or send me an email to DChomesforsale@gmail.com.

 

#PetworthDCzipcode20011 #PetworthDC #zipcode20011 #Petworth #JustSoldahouseinPetworthDC #PetworthDCHousesforsale #PetworthDCHousesSOLD #PetworthDCNewHomeSales

 

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

 

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