This is a ongoing series that will feature the latest in Hill home value changes straight from a Hill expert real estate agent. Jason Martin is one of the founding partners of Keller Williams Capital Properties and the principal at the Jason Martin Group. You may contact Jason at 202-641-0299.
The Washington DC Metro region tied a record high for median price in June. At $440,000, the median sale price is 10 percent higher than this time last year, a gain of $40,000, according to Real Estate Business Intelligence. The market is even healthier on the Hill. Here is the breakdown by zip code:
Talk about a zip code showing signs of growth. Take a look at the sold dollar volume, average sold price and median price. They’re all up by 25 percent or more. If that doesn’t convince you of the health of the market in this zip then just take a look at the average sold price compared to original list price.
Here again we see sold dollar volume on the rise from the same month in 2012 as well as units sold. The average sold price and median sold price dipped a bit since June 2012, but the sold price to list price ratio here again indicates a healthy seller’s market.
Without doubt Capitol Hill and its neighbors remains one of the most fluid markets in the country. With interest rates on the rise it will be interesting to see how the next few months play out.