While we are already 20 days into 2009,I am writing the last Deanwood Market Report -Zip code 20019 for 2008.
Good news? More houses sold in Deanwood DC than they did last year. Also,total sold dollar volume of houses for sale that sold in Deanwood DC was more than the previous year.
Here are the numbers for the Deanwood Washington DC Real Estate Market Report
- $4,729,300 was the total dollar sold volume of houses for sale that sold in Deanwood DC compared to $4,518,697 this time last year a 4.66% increase- Good news.
- Average sale price of a house for sale in Deanwood that sold was $225,205 compared to $251,039 this time last year a 10.29% drop.
- Median sale price of a house for sale in Deanwood that sold was $232,000 compared to $245,000 this same time last year a 5.31% drop.
- Total houses for sale in Deanwood that sold were 21 houses compared to 18 houses last year a 16.6% increase- Good news.
- Average days of a house for sale in Deanwood that sold was 104 days compared to 68 days this same time last year a 52.94% drop.
Types of financing used
Conventional Loans = 3
FHA Loans = 12
VA Loans= 1
Assumption = 2
Cash = 2
All other = 1
Time on the market
1-30 Days = 4
31-60 Days =4
61-90 Days = 3
91-120 Days = 5
Over 120 Days =5
By reading this blog hopefully home buyers and sellers in Deanwood and other areas in Washington DC can use this to determine when will be a good time to buy or sell in this market.
Looking for a Washington DC Real Estate Professional that will help you buy or sell your next house or want a "Free Real Estate Market Report" in your area of choice?,then check out my website Houses for sale in Washington,DC. I can also be reached at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... 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 a home in Washington DC" Zip codes 20011,20019,20020 and 20032
Lanre - I have never considered giving the finance type breakdown. Your report shows how popular FHA is now these days.