March 1, 2014 admin

Mid-City in Winter

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A Post By Ted Smith

The books are closed on January 2014 real estate stats and, in general, it was a better month for market activity than January 2013. So let’s take a look at the numbers:

 

Mid-City, gay news, Real Estate, Washington Blade

Mid-City statistics

Ted Smith

First, comparing median sold prices, Mid-City properties saw growth in median sold prices for January 2014 over January 2013 — $576,101 over $511,841. These figures are higher for both Mid-City and D.C. overall in either year; additionally, Mid-City median sold prices have a greater increase year over year than D.C.—by 12.6 percent compared to 11.6 percent for D.C. The big Mid-City winners in this category were zip code 20005 (Logan Circle) and 20004 (Penn Quarter), with 63.3 percent and 53.9 percent increases respectively. However, because these two zip codes had so few solds in January (a total of eight), it might be more accurate to designate zip code 20010 (Columbia Heights, Mt. Pleasant) as the winner with 28 solds and a 35.3 percent increase. The big loser was zip code 20003 (Capitol Hill, Navy Yards) with a -2.8 percent decrease in median sold prices over January 2013.

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