Dec 2013 Brookland Real Estate Market update.
Rbi just released their data set for Real Estate Market activity in Brookland for November 2013. Here is the data for zipcode 20017 for single family detached houses:
That's right! In zipcode 20018, there was a 60% increase in listings, and an amazing 77.8% in new pendings of single family detached houses in November 2013 compared with November 2012! This means that nearly all single family houses that come on the market in November in Brookland went under contract. Simply amazing. Of course this level of demand for Brookland houses resulted in an increase of 7.8% in the median sold price.
For zipcode 20017, the numbers are similar.
In zipcode 20017 in Brookland, there was a 20% increase in listings, and a 20% reduction in new pendings of single family detached houses in November 2013 compared with November 2012. This means that most of the single family houses that come on the market in November in Brookland went under contract. Simply amazing. This level of demand for Brookland houses resulted in an increase of 10.8% in the median sold price of detached houses in zipcode 20017.
(Graphics and data from Rbi)
From the above dataset it is clear that the Brookland real estate market continued to be hot in November and perhaps now that Busboys and Poets has formally announced that they are coming to Monroe street Market, the buzz about brookland is sure to increase along with prices.
We live and love Brookland. Contact us to find out how best to prepare, stage, price and sell your house for the most money. We are the local experts and we sell Brookland for more!