Brightwood Real Estate Report April 2018 – Including Shepherd Park, Takoma and Colonial Village
The Brightwood Real Estate Report April 2018 contains the latest sales information for the Brightwood neighborhood of Washington, DC and its surrounding communities.
The April home sales data is out for Washington, DC. The median sold price for all homes types reached $590,000 for the month, which is a tremendous 13.6% increase over the same period last year. The good news is that we got some early signs that the homeseller strike is over. Check out these stats:
The number of new and active listing exceeded the five year average for the first time in many, many months. Even that small increase in supply is good news for homebuyers, who have been under the gun for a long time.
With prices continuing their long march upward, the question that we Realtors get asked the most is, “Are we heading toward another bubble?”
The simple answer to that is, “No.” My research and the consensus of expert opinion suggest that we are no where near the danger zones that we faced back in 2007 before the crash.
Robert Dietz, the chief economist at the National Association of Homebuilders says:
With ongoing job creation, wage increases and rising household formations, we can expect continued gradual strengthening on the housing market in the coming months.
We are in a strong market that will likely remain so for the foreseeable future.
Let’s take a look at how Brightwood and our local Ward 4 submarkets performed:
This spectacular Colonial Village Contemporary grabbed the highest sales price of the month at a cool $1.25M. Marketed by REMAX Platinum Realty, this home was for sale for 37 days.
This renovated semi-detached home in Brightwood sold for the closest to the city median price: $590,000. Presented by Compass Realty, this home flew off the shelf in just six days.
Sell Brightwood Real Estate
I utilize the latest technology and data to understand the market and put you in a position to get the best and highest offer for your house. If you’re thinking of making a move, a dedicated Real Estate Agent is your best asset.
To connect with me directly, please call Jennell at 202-717-2276
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Or via email: RealtorJennell@Gmail.com
If you are thinking of selling your home, let Jennell take over the marketing of your property with our unique 47-point system.
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