Cleveland Park is a neighborhood of great architectural diversity. There are small row houses that sell in the high $600's and historic mansions with price tags in the $4.5 million range. Some are on tiny lots, with just enough room for the house and a postage stamp garden. Others have expansive lawns and gardens. And so far this year, the demand has been for the smaller homes at a relatively low price point.
The list of homes currently for sale includes two in excess of $4,000,000. And they are bringing the averages up. The highest selling price year to date is lower than that, at $2,407,000.
Here are the figures:
Currently For Sale: 15 homes (current asking price)
Under Contract: 8 homes (asking price at contract)
Sold since 1/1/2009 15 homes sold (asking price at contract)
Low: $863,000 (selling price)
Average original asking price for sold properties: $1,219,190