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“Brookland is certainly one of the hot markets for anyone looking for a detached home with a yard”

by Prince Of Petworth June 30, 2017 at 10:20 am 0

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for Popville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with the 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 Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 3215 17th St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 4 Baths: 2 Parking: Carport, Driveway/Off Street Ownership: Fee Simple
Original List Price: $799,000. List Price at Contract: $799,000.
List Date: 4/26/2017 Days on Market: 22
Settled Sales Price: $790,000.
Seller Subsidy: $0.
Settlement Date: 6/19/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Brookland is certainly one of the hot markets for anyone looking for a detached home with a yard, as well as public transportation access to the rest of the city. Brookland is also surprisingly predictable regarding inventory stats…at least for the number of detached homes sold.

Just past the mid-point for 2017, there have been a total of 29 settled sales of fee simple detached homes so far in the legal subdivision of Brookland in NE DC. This time period represents the speeded up activity during our surprise Spring (weather) market in February, and extended actual Spring market (which may have felt longer due to pent up demand from back last year around the election, when people weren’t quite sure whether to buy in DC or not.)

This is how predictable Brookland is. For the past five years, there have been about 30 settled sales during this time period each year: 33 in 2012, 29 in 2013, 30 in 2014, 30 in 2015, and 30 in 2016.

You already know this, but what has not remained consistent are the prices. In 2012, for this same time period in Brookland for detached single family homes, median net price was $459,991. It jumped up to $554,500. in 2014, then to $689,000. in 2015. In the first half of 2016, the median net price for these properties dropped back to $645,000. Current median price for a detached single family home in Brookland is $746,500.

The listing agent for this property was Ryan Gehris with USREALTY.COM. The listing agent also assisted the Buyer in the purchase of this property.

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