August 2019 Washington, DC Real Estate Report

Hey, Uptown! Here’s your August Real Estate update.

Real Estate activity in the District of Columbia took a slight breather last month. The median sales price retreated 4.4%, down to $592,500. However, that was up a solid 4% from July of 2018.

Similarly, the number of closed sales slid 7.6% to 792 homes.  This represented a drop of 6.8% from the same month last year.  The number of pending sales also dropped to 877, which is down 7.1% from June, so we should expect to see the market cooling a bit next month as well.

Despite these stats, we’re still in strong seller’s market territory, with only a two-month supply of homes available on the market.  I am still encouraging my clients who are considering putting their home on the market to do so sooner rather than later.  As we’ve seen with the shaky stock market over the past few days, the winds of recession are blowing a bit stronger lately.

All of these changes affect your home value. If you want to know the new value of your home, click here!

Washington DC Market Stats

August Market Update DC

Uptown Home Sale Results

Here are the local home sale results for last month, listed by neighborhood:

16TH STREET HEIGHTS

Address Beds Price
5315 16th St NW 5  $1,420,500
1416 Madison St NW 6  $1,200,000
4919 16th St NW 4  $1,090,000
5511 Colorado Ave NW #501 3  $799,500
1352 Longfellow St NW #202 2  $385,000
1400 Oglethorpe St NW #7 1  $299,000

BRIGHTWOOD / TAKOMA

Address Beds Price
1429 Van Buren St NW 6  $ 1,049,900
5714 6th St NW 4  $    825,000
6600 2nd St NW 5  $    783,000
320 Nicholson St NW 5  $    750,000
7211 Georgia Ave NW #C 2  $    699,900
1436 Whittier Pl NW 3  $    625,000
6306 7th St NW 3  $    615,000
14 Underwood Pl NE 4  $    600,000
7627 9th St NW 4  $    579,900
26 Sheridan St NE 3  $    575,000
208 Van Buren St NW 4  $    565,000
711 Tewkesbury Pl NW 3  $    525,000
343 Cedar St NW #119 2  $     516,931
818 Somerset Pl NW 3  $     515,000
515 Brummel Ct NW #515 3  $     502,500
537 Brummel Ct NW #537 3  $    495,000
614 Sheridan St NW 3  $    470,000
506 Quintana Pl NW 2  $    450,000
7129 Georgia Ave NW #7 1  $    424,900
7129 Georgia Ave NW #6 1  $    415,000
7129 Georgia Ave NW #3 1  $    399,900
550 Brummel Ct NW #550 2  $    379,000
7129 Georgia Ave NW #4 1  $    299,900
7129 Georgia Ave NW #2 0  $    250,000

CHILLUM

Address Beds Price
5709 Blair Rd NE 3  $    769,000
5603 N Capitol St NE 5  $    750,000
233 Longfellow St NW 4  $    718,500
33 Madison St NW 3  $    440,000
31 Kennedy St NW #303 1  $    295,000

CRESTWOOD

Address Beds Price
4326 18th St NW 5  $ 1,299,000
4709 Colorado Ave NW 5  $  1,247,000
4525 Blagden Ave NW 4  $    933,000

SHEPHERD PARK

Address Beds Price
7405 Alaska Ave NW 4  $    859,000
7723 Alaska Ave NW #103 1  $    340,000
7723 Alaska Ave NW #101 1  $    293,500

MANOR PARK

Address Beds Price
37 Missouri Ave NW #22 2  $    625,000
37 Missouri Ave NW #Twenty-One 2  $    599,900
37 Missouri Ave NW ##25 2  $    555,000
37 Missouri Ave NW #14 1  $    284,900

COLONIAL VILLAGE

Address Beds Price
2035 Parkside Dr NW 4  $    890,000

RIGGS PARK

Address Beds Price
704 Oglethorpe St NE 3  $    569,900
564 Nicholson St NE 3  $     539,555
6032 Eastern Ave NE 2  $    425,000
705 Oglethorpe St NE 3  $    390,000


About Love Living DC

Jennell Alexander, RealtorLove Living DC is Washington’s #1 real estate team for dependable neighborhood expertise.

If you have any questions about buying, selling or investing in DC real estate, feel free to reach out to me anytime. I’d be happy to help.

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