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Single Family Graph 2014

Capitol Hill Reaches 2007 Prices!

Capitol Hill Reaches 2007 Prices!

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Ohhh wee! The Divas have not seen data like this since, like, forever! Here is the deal: we are right at the edge of 2007/2008 market pricing heights. As you know Single family homes include everything from townhouses to North Capitol Hill Manors. WE HAVE PASSED THE SEPTEMBER 2007 HIGH AVERAGE SOLD PRICE OF $837,000. The average price this last month was $956,000. Just to put it in perspective that is 14% above the height!!!!  The Divas and the Diva Dudes are clapping and throwing glitter in celebration.

Single Family Data

Single Family Graph

 

Now for the condos. Back in 2007 the average price of a condo was around $360,000 on Capitol Hill. Right now we are hovering around $300,000. The primary reason the sold prices are low is that there are NO TWO Bedrooms on the market. Back at the height, the months of inventory were closer to 2+ months. We most recently have been at one month of inventory for the longest period in the last seven years. In other words – expect us to pass 2007 heights by June!

Condo Data

Condos Graph

Chavi Hohm

Chavi Hohm

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