July 12, 2008
Dupont Sells, Bloomingdale Swells?
Just for interest, today I compared the average number of days that properties have been on the market in different NW DC neighborhoods.
Dupont Circle is selling the fastest (average 52 days), while Bloomingdale properties are languishing (average 142 days), keeping inventory high. Tiny Crestwood is also experiencing a very high average, as I
reported last week, but I have not included it here since only 7 or 8 houses are for sale there.
The differences give an indicator of how brisk (or not) each submarket is, and how relaxed or aggressive buyers need to be when negotiating a contract. My numbers come from the Redfin Web site and include both condos and single family homes. You can filter the data further if you wish by clicking on a neighborhood, and then again on the “Price, Beds…” function which is at the top of the map you’ll see. Then, choose how you want to filter and run it.
| No. of Listings | Avg Days on Mkt | |
| AU Park/Friendship/Tenley | 40 | 57 |
| Bloomingdale | 93 | 142 |
| Brightwood | 54 | 120 |
| Chevy Chase | 46 | 61 |
| Cleveland Pk/Woodley Pk | 50 | 80 |
| Columbia Heights | 172 | 109 |
| Dupont Circle | 97 | 53 |
| Foggy Bottom | 53 | 126 |
| Forest Hills/VanNess/Wakefield | 46 | 75 |
| Foxhall/Spr.Valley/Wesley Hgts | 69 | 86 |
| Georgetown | 83 | 114 |
| Glover Park | 62 | 99 |
| Mount Pleasant | 29 | 88 |
| Penn Quarter/Chinatown/Mt. Vernon | 148 | 77 |
| Petworth | 115 | 117 |
| Shaw | 158 | 110 |
| Takoma Park, DC | 46 | 86 |
Cheers,
Allison
Photo: Dupont Circle Founntain by DCTourism
