Suzanne Des Marais 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). Information is deemed reliable but not guaranteed.
Featured Property: 3109 20th St NE
Legal Subdivision: Woodridge
Advertised Subdivision per Listing: Woodridge
Bedrooms: 3 Baths: 3 Parking: Driveway/Off Street, Faces rear Ownership: Fee Simple
Original List Price: $536,000.
List Price at Contract: $526,000.
List Date: 06/29/2016
Days on Market: 28
Settled Sales Price: $526,000.
Seller Subsidy: $0.
Settlement Date: 08/22/2016
Transaction type: Standard
Original GDoN post can be seen: here.
The listings can be seen here: here.
Year to date, the median settled price for a home in DC is $540,000. (current national median home price is $244,100.) That DC median price includes rowhomes, detached homes, condos, and co-ops. The current median price for detached homes in the District of Columbia is $930,962.
That said, it is surprising that this relatively modestly priced detached single family home defied GDoN commenters’ expectations of selling the first week on the market.
It is an interesting time in DC real estate, where we’ve seen an intense period of sales activity for the past several years, and subsequently corresponding decreased affordability. We’re starting to again see more articles about the next up and coming areas, as the up and coming areas from five years ago have, in many cases, begun solidly arriving, at least from a price perspective. This property is a great example of a home in a location further from downtown, yet at the edge of active commercial development and the Brookland neighborhood, which has seen significant appreciation and market activity recently.
The listing agents for this sale were Kymber Lovett-Menkiti and Virginia Gergoff with Keller Williams Capital Properties (per disclosure above, the same brokerage as the writer). Keith Hawkins with Exit Bennett Realty represented the Buyer.