Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She is an associate broker with Bediz Group, LLC at Keller Williams Capital Properties . Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below. Unless otherwise noted, the source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Real Estate Business Intelligence (RBI), a subsidiary of MRIS. Information is deemed reliable but not guaranteed.
Featured Property: 1419 Decatur St NW
Legal Subdivision: 16th St Heights
Advertised Subdivision per Listing: 16th Street Heights
Bedrooms: 4 Baths: 2.5 Parking: Driveway/Off Street Ownership: Fee simple
Original List Price: $795,000.
List Price at Contract: $795,000.
List Date: 11/16/2015
Days on Market: 17
Settled Sales Price: $785,000.
Seller Subsidy: $29,000.
Settlement Date: 1/04/2016
Transaction type: Standard
Original GDoN post is: here.
The original listing can be seen here: here.
In the second half of 2015, the NW DC neighborhood of 16th Street Heights saw 27 sales of detached single family homes. For that time period, average price for what typically are large properties with yards has been just shy of $760,000. As of the third quarter of 2015 (Q4 numbers will be released shortly), the average price for detached homes in all of DC was just over $800,000.
For buyers who prefer to not share walls with their neighbors, there are currently a total of 98 active listings of detached homes across the city priced under $800,000, starting from $150,000. Although it might seem easier to find a detached home for those with more to spend, current available inventory for detached homes priced over $800,000. in DC presents fewer than 20 options around the city between $800,000. and $1,000,000.
With the number of days on market for detached homes in DC averaging at 16 in the third quarter of 2015, the market is expected to remain competitive for this type of inventory as we enter into the Spring market.
The listing agent for this sale was Tam Nguyen with Washington Newstar Realty & Investment. David Cox with Keller Williams Capital Properties (per above disclosure, the same brokerage company that the writer is affiliated with) represented the buyer in this transaction.