Great Washington, DC Neighborhoods: Crestwood Market Report
Summer is here, and it’s still a good time to put your Crestwood home on the market – as long as the price is right and you’ve taken the time to properly prepare it to appeal to buyers. Around the city, we are still seeing low inventories, but not all homes are flying off the shelf.
In Crestwood, there are 8 houses for sale, and 6 of them have been on the market for two months or more. Of the 4 houses under contract, 3 sold in 16 or fewer days.
Year to date, 19 Crestwood homes have sold, with 10 of them going at or over their list prices. During the same period in 2012, there were 10 sales, and 4 were at or over list.
But what about the actual sales figures compared to this time last year? Here they are:
|
Year to Date |
2013 |
2012 |
|
Number of sales |
19 |
13 |
|
Highest sold price |
$1,270,000 |
$1,475,000 |
|
Lowest sold price |
$580,000 |
$500,000 |
|
Median sold price |
$896,000 |
$830,000 |
|
Average sold price |
$887,836 | $831,738 |
|
Days on the market |
52 days |
65 days |
All of the numbers for 2013 look better than those for 2012, except for the highest sold price. But that was for an enormous home that would have sold for a lot more than that in today's market.
If you would like more information about Crestwood, or if you are planning a move to or from the Washington metropolitan area, I can help. I am licensed in DC, Maryland and Virginia. Please email me at Housepat@mac.com or call 202-549-5167.
