Denny Horner's Blog

Monday, September 28, 2009

Washington DC Real Estate - Market Report

According to the latest statistics, the average price of Washington DC homes as per the listing was $264,062 and sold at $258,161. The average price at which per sq feet home is available in Washington DC is $100. The last year this rate was $122.

The latest listing published displays a list of houses in Washington DC in which there are about 52 available homes for sale with two or less bedrooms though active list claims to have 166 entries. Similarly entries of Washington DC condos sale as per the same list is more than 1500.

The foreclosed homes Washington DC price varies with locales. For example, a home with six bedrooms and two washrooms in South East of T Street is worth $140,000 and with three bedrooms and two bathrooms in Montello Avenue NE is $225,000.

The range of Washington DC rental homes varies from $500 to $4500 depending on various factors like location or distance from the downtown, amenities provided, property managers etc. But the average rent lingers around $1000. Houses within 5 miles from the centre of DC ranges between $1800 to $4500, some of these houses can be availed at a price as high as $7200.

If you are looking for new Washington DC condos, then this is the apt time to buy one because recently the price fell by 3.6%. According to the statistics of last year November, nearly 1100 condominiums were about to face foreclosure by the year end due to the sub-prime crisis.

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1 Comments:

Anonymous Dave Dugdale said...

Denny, if you wanted to add my DC numbers to your mix, this is what I have:

Apartment 1 Bedroom $1,858
Apartment 2 Bedroom $3,272
Apartment 3 Bedroom $3,860
Apartment Studio $1,591

Dave Dugdale
RentVine.com

September 29, 2009 6:39 AM  

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