Despite the pandemic and uncertainty related to the conclusion of the national election, the DC area real estate market continue to power to new heights last month. DC set a new all-time high median price for the month of November at $680,000. Sales were up an astounding 30% from November of 2019.
The Bright MLS report that analyzes the regional housing market stated:
Buyers continued to show high demand for condos/co-ops, as sales of these units hit a new record for the month. Overall, new pending sales continued to have year-to-year growth in the high teens for the third straight month. Days on the market landed at eight days.
Moving into December, seasonal declines typical for the holidays are expected, but the market will remain at record-setting pace. As well, rising COVID-19 cases could influence the market. The median sales price should remain near the $500K mark,with closings dipping -3% to -5% month to month. Notably, December’s new pending sales typically decline -20% to -25% from November, with days on the market likely to gain by a day.
The number of closed sales in the city hit 844.
The Numbers Month to Month and Year to Year
All of these changes affect your home value. If you want to know the new value of your home, click here!
Uptown Real Estate Sales for November 2020
Regional and citywide real estate activity has a big impact on the local Uptown, DC market in the neighborhoods near Shepherd Park, Takoma and Brightwood. See our local monthly results below.
This Month’s Most Expensive
A grand and spacious four-bedroom on Holly Street in Shepherd Park with an oversized master suite with his/hers closets, walk in shower and more luxury features was this month’s most expensive home sale. This sale closed at nearly $2 million.
This Month’s Most Affordable
A “delightful and sunny” 1 bedroom, 1 bath condo in Takoma just steps from the Metro Station was this month’s most affordable local unit. The final price on this was $268,000.
16th Street Heights
| Address |
Beds |
Price |
| 1308 Gallatin St NW |
4 |
$1,425,000 |
| 1307 Farragut St NW |
6 |
$1,385,000 |
| 1441 Kennedy St NW |
7 |
$1,351,000 |
| 1105 Buchanan St NW |
6 |
$1,315,000 |
| 1407 Varnum St NW |
5 |
$1,162,250 |
| 1417 Crittenden St NW |
3 |
$1,108,001 |
| 1625 Nicholson St NW |
6 |
$1,100,000 |
| 1433 Manchester Ln NW |
4 |
$895,000 |
| 1235 Shepherd St NW |
4 |
$870,000 |
| 1224 Hamilton St NW |
3 |
$770,000 |
| 4326 15th St NW |
4 |
$652,000 |
| 4702 15th St NW |
4 |
$640,000 |
| 5303 13th St NW |
4 |
$595,000 |
| 5230 Georgia Ave NW #305 |
1 |
$344,900 |
| 1400 Oglethorpe St NW #5 |
1 |
$310,000 |
Brightwood
| Address |
Beds |
Price |
| 1509 Van Buren St NW |
4 |
$1,025,000 |
| 6523 6th St NW |
5 |
$916,000 |
| 1332 Van Buren St NW |
6 |
$907,580 |
| 5710 4th St NW |
5 |
$880,000 |
| 5705 5th St NW |
4 |
$835,000 |
| 6113 14th St NW |
4 |
$824,000 |
| 6109 14th St NW |
4 |
$801,500 |
| 6426 7th St NW |
3 |
$800,000 |
| 801 Nicholson St NW |
4 |
$792,000 |
| 5610 5th St NW |
4 |
$775,000 |
| 602 Sheridan St NW |
3 |
$765,000 |
| 6005 4th St NW |
4 |
$752,500 |
| 718 Nicholson St NW |
4 |
$655,000 |
| 6219 4th St NW |
5 |
$615,000 |
| 605 Roxboro Pl NW |
3 |
$600,000 |
| 415 Madison St NW |
3 |
$541,500 |
| 343 Cedar St NW #313 |
2 |
$509,000 |
| 720 Oglethorpe St NW |
3 |
$500,000 |
| 6722 3rd St NW #B1 |
1 |
$268,000 |
Colonial Village
| Address |
Beds |
Price |
| 1626 Primrose Rd NW |
6 |
$1,349,000 |
| 7815 Orchid St NW |
4 |
$1,315,000 |
| 8216 W Beach Dr NW |
5 |
$1,225,000 |
| 1840 Primrose Rd NW |
3 |
$1,105,500 |
Crestwood
| Address |
Beds |
Price |
| 4218 Blagden Ave NW |
3 |
$1,395,000 |
Manor Park
| Address |
Beds |
Price |
| 15 Madison St NW |
3 |
$627,000 |
Shepherd Park
| Address |
Beds |
Price |
| 1211 Holly St NW |
5 |
$1,949,000 |
| 1437 Leegate Rd NW |
4 |
$1,225,000 |
| 1409 Kalmia Rd NW |
5 |
$991,036 |
Takoma
| Address |
Beds |
Price |
| 705 Fern Pl NW |
4 |
$888,000 |
| 24 Walnut St NW |
3 |
$760,000 |
| 31 Tuckerman St NW |
3 |
$615,000 |
All of these changes affect your home value. If you want to know the new value of your home, click here!
Love 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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