2021 Annual Market Review, presented by TTR Sotheby's International Realty

Page 1

The 2021 Annual

Market Review


A B OV E : 2 7 0 6 O L I V E ST R E E T N W, G EO R G E TO W N D C – J U ST S O L D C OV E R : 1 0 0 4 D O G U E H I L L L A N E , M C L E A N VA


Contents S I NGL E FA MI LY HO M ES PG 4-7

N O RT H W EST DC

PG 8 - 9

N O RT H E AST & DOW NTOW N DC

PG 10 -13

N O RT H E R N V I RG I NI A

PG 14-1 5

V I RG I N I A’S H O RS E & W I N E R EG I O N

PG 16-17

MO NTG O ME RY COUN T Y MA RYL A N D

PG 1 8 -19

C H ESA P E A K E BAY R EG I O N

CO NDO & CO - O PS PG 20 - 23

WAS H I N GTO N DC

PG 24- 2 5

N O RT H E R N V I RG I NI A

PG 26- 27

MO NTG O ME RY COUNT Y MA RYL A N D

Comparison based on 1/1/20 - 12/31/20 vs. 1/1/21 - 12/31/21. Source Bright MLS. Data deemed reliable, but not guaranteed. ©2022 TTR Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned And Operated. SIR1


Single Family Homes

4 6 0 4 R O C K W O O D P K W Y N W, S P R I N G VA L L E Y


Northwest DC K A LO RA M A

$2,825,000

C L E V E L A N D PA R K

23%

$1,875,000

Median Sold Price

Median Sold Price

1%

35 30%

66

Homes Sold

Avg. Days on Market

12%

Avg. Days on Market

Median Sold Price

23%

199 17%

10

Homes Sold

Avg. Days on Market

12 0%

78 48%

Homes Sold

Avg. Days on Market

M O U N T P L E ASA N T

FO R EST H I L LS

1%

$1,375,000

Median Sold Price

12%

Median Sold Price

35%

17 35%

17

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

18 10%

Homes Sold

$3,600,000 4%

Median Sold Price

$1,821,000

51 0% M AS S. AV E H E I G H TS

C H E V Y C H AS E , D C

$1,315,000

4%

71 9%

7

50%

Homes Sold

Avg. Days on Market

PG 5


Northwest DC A M E R I CA N U N I V E RS I T Y

G EO R G E TOW N

$1,350,000

3%

$1,735,000

Median Sold Price

Median Sold Price

97 26%

12

Homes Sold

Avg. Days on Market

9%

198 37%

47 31%

Homes Sold

Avg. Days on Market

G LOV E R PA R K / BU R L E I T H

S P R I N G VA L L E Y

$1,200,000 9%

$1,845,000

Median Sold Price

Median Sold Price

44%

109 18%

10

Homes Sold

Avg. Days on Market

66%

5%

Homes Sold

ANNUAL MARKET REVIEW 2021

49 7%

10 64%

Homes Sold

Avg. Days on Market

$1,500,000 5%

Median Sold Price

39

4%

PA L I SA D ES

W ES L EY H E I G H TS

$1,950,000

12%

Median Sold Price

29

4%

Avg. Days on Market

53 Homes Sold

18%

21

52%

Avg. Days on Market

PG 6


3 0 3 0 P ST N W, G EO R G E TO W N

5 0 6 3 OV E R LO O K R D N W, S P R I N G VA L L E Y


Northeast & Downtown DC LO G A N

DUPONT

$1,700,000 3%

$1,760,000

Median Sold Price

Median Sold Price

38 31%

44

91%

Homes Sold

Avg. Days on Market

74 72%

33 44%

Homes Sold

Avg. Days on Market

S H AW

CA P I TO L H I L L

$1,099,000 0%

$1,129,000

Median Sold Price

Median Sold Price

92 1%

13

Homes Sold

Avg. Days on Market

7%

511

24%

Homes Sold

B LO O M I N G DA L E / L E D R O I T PA R K

P E T WO RT H

$1,000,000 2%

$845,000

Median Sold Price

Median Sold Price

121

42%

Homes Sold

ANNUAL MARKET REVIEW 2021

19

27%

Avg. Days on Market

5%

15% 19 0% Avg. Days on Market

9% 17%

315 9%

15

Homes Sold

Avg. Days on Market

PG 8


4 4 6 B U C H A N A N ST N W, P E T W O R T H

1 8 2 1 S ST N W, D U P O N T


Single Family Homes

1 0 5 0 9 B E AC H M I L L R D, G R E AT FA L L S


Northern Virginia CITY OF ALEXANDRIA

$815,000

A L E X A N D R I A ( FA I R FA X C O U N T Y )

4%

$629,900

Median Sold Price

1,482 12% 16 Homes Sold

16%

Avg. Days on Market

9% 29

Homes Sold

Avg. Days on Market

34%

194 15%

34 32%

Homes Sold

Avg. Days on Market

FA L LS C H U R C H

A R L I N GTO N

5%

$790,000

Median Sold Price

7%

Median Sold Price

1,646 25% 19

ANNUAL MARKET REVIEW 2021

Avg. Days on Market

Median Sold Price

571 14%

Homes Sold

Homes Sold

$1,600,000 22%

Median Sold Price

$995,000

2,695 15% 14 18% MCLEAN (22102)

M C L E A N ( 2 2 10 1 )

$1,416,000

6%

Median Sold Price

14%

Avg. Days on Market

1,109 12% 15 Homes Sold

21%

Avg. Days on Market

PG 11


Northern Virginia VIENNA

G R E AT FA L LS

$955,000 9%

$1,425,000

Median Sold Price

Median Sold Price

1,019 18% 20 33%

349 1%

39 25%

Homes Sold

Homes Sold

Avg. Days on Market

Avg. Days on Market

19%

FA I R FA X

R ESTO N

$700,000 11%

$595,000 3%

Median Sold Price

Median Sold Price

1,937 7%

13

28%

Homes Sold

Avg. Days on Market

14 13%

Homes Sold

Avg. Days on Market

C L I F TO N

L E ES B U RG

$715,000

913 6%

16%

$840,000 14%

Median Sold Price

Median Sold Price

1,435 0%

12

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

45%

221 0%

12

Homes Sold

Avg. Days on Market

56%

PG 12


1004 DOGUE HILL LN, MCLEAN

2 0 0 1 & 2 0 0 7 W H I T EOA K S D R , A L E X A N D R I A


Virginia’s Horse & Wine Country M I D D L E BU RG

THE PLAINS

$915,000 11%

$619,000 4%

Median Sold Price

Median Sold Price

90

23%

Homes Sold

62

16%

Avg. Days on Market

36

18%

Homes Sold

62 37% Avg. Days on Market

M A RS H A L L

U P P E RV I L L E

$551,000 10%

$945,000 47%

Median Sold Price

Median Sold Price

141 14%

28

62%

Homes Sold

Avg. Days on Market

10

33%

Homes Sold

108 33% Avg. Days on Market

WA R R E N TO N

PU R C E L LV I L L E

$552,500 12%

$685,000 15%

Median Sold Price

Median Sold Price

700 6%

14

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

55%

341 3%

18 38%

Homes Sold

Avg. Days on Market

P G 14


1 3 8 8 C R E N S H AW R D, U P P E R V I L L E – U N D E R C O N T R AC T

3 4 6 7 9 ATO K A C H A S E L N , M I D D L E B U R G


Single Family Homes

3 2 1 5 E A ST W E ST H I G H WAY, C H E V Y C H A S E


Montgomery County B E T H ES DA

$1,250,000

C H E V Y C H AS E , M D

13%

$1,475,000

Median Sold Price

1,049 16% 17 Homes Sold

45%

Avg. Days on Market

17%

21

Homes Sold

Avg. Days on Market

$550,000 10%

Median Sold Price

Median Sold Price

721 5%

23

Homes Sold

Avg. Days on Market

47%

2,523 21% 14 22% Homes Sold

Avg. Days on Market

N O RT H P OTO M AC

R O C KV I L L E

$667,500 14%

$630,000 8%

Median Sold Price

Median Sold Price

230 11%

25

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

48%

351 32% S I LV E R S P R I N G

P OTO M AC

$1,150,000

8%

Median Sold Price

108%

1,560 15% 16 Homes Sold

30%

Avg. Days on Market

PG 17


14 4 1 S H A R P S P O I N T R D, A N N A P O L I S – J U ST S O L D

7 9 5 0 B LO O M F I E L D R OA D, E A STO N – S O L D 1 1 / 2 0 2 1


Chesapeake Bay Region ANNAPOLIS

S E V E R N A PA R K

$535,000 8%

$625,000 9%

Median Sold Price

Median Sold Price

50%

1,546 1%

24

Homes Sold

Avg. Days on Market

494 4%

18 47%

Homes Sold

Avg. Days on Market

E D G E WAT E R

ST E V E N SV I L L E

$482,500 9%

$455,000 9%

Median Sold Price

Median Sold Price

518 2%

25

49%

Homes Sold

Avg. Days on Market

332 19%

30 57%

Homes Sold

Avg. Days on Market

E ASTO N

SA I N T M I C H A E LS

$381,250 9%

$568,750 1%

Median Sold Price

Median Sold Price

442 2%

36

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

58%

106 3%

39 67%

Homes Sold

Avg. Days on Market

PG 19


Condos & Co-ops

9 2 5 H ST N W # 5 1 6 , D O W N TO W N D C


DC Condos D OW N TOW N

DUPONT

$510,000 6%

$430,000 6%

Median Sold Price

Median Sold Price

517 48%

34

55%

Units Sold

Avg. Days on Market

485 36%

37 32%

Units Sold

Avg. Days on Market

LO G A N

S H AW

$647,500 7%

$755,000 8%

Median Sold Price

Median Sold Price

314 37%

27

23%

Units Sold

Avg. Days on Market

107 3%

35 67%

Units Sold

Avg. Days on Market

CA P I TO L H I L L

P E T WO RT H

$532,000 4%

$483,165

Median Sold Price

Median Sold Price

216 14%

37

Units Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

23%

7%

180 7%

24 31%

Units Sold

Avg. Days on Market

PG 21


DC Condos N AV Y YA R D

THE WHARF

$545,000 1%

$349,900 0%

Median Sold Price

Median Sold Price

85

18%

Homes Sold

23

15%

Avg. Days on Market

135 21%

43 43%

Homes Sold

Avg. Days on Market

FO G GY B OT TO M / W EST E N D

G EO R G E TOW N

$322,500 33%

$687,000 12%

Median Sold Price

Median Sold Price

16

20%

Homes Sold

65

27%

Avg. Days on Market

92 Homes Sold

15%

48 33% Avg. Days on Market

K A LO R A M A

$594,500 4% Median Sold Price

158 25%

33

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

22%

PG 22


5 2 5 LO N G F E L LO W ST N W # 2 , P E T W O R T H – U N D E R C O N T R AC T

1 1 1 1 2 3 R D ST N W # 3 A , W E ST E N D


Condos & Co-ops

6 0 1 N FA I R FA X ST # 2 1 4 , A L E X A N D R I A – C O N T R AC T P E N D I N G


Northern VA Condos A R L I N GTO N

MCLEAN

$445,000 1%

$415,000 2%

Median Sold Price

Median Sold Price

1,887 29% 33 Homes Sold

83%

Avg. Days on Market

369 41%

46 70%

Homes Sold

Avg. Days on Market

ALEXANDRIA CITY

A L E X A N D R I A ( FA I R FA X C O U N T Y )

$335,000 0%

$295,000 1%

Median Sold Price

Median Sold Price

1,684 21%

27

59%

Homes Sold

Avg. Days on Market

786 13%

25 56%

Homes Sold

Avg. Days on Market

FA I R FA X

FA L LS C H U R C H C I T Y

$360,000 6%

$300,000 6%

Median Sold Price

Median Sold Price

725 34%

20 33%

632 21%

30 88%

Homes Sold

Avg. Days on Market

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

PG 25


Condos & Co-ops

5 6 1 0 W I S C O N S I N AV E # P H 1 9 B , C H E V Y C H A S E – C O N T R AC T P E N D I N G


Montgomery County Condos B E T H ES DA

$337,500

C H E V Y C H AS E , M D

3%

$497,050 9%

Median Sold Price

Median Sold Price

7%

454 23%

48

Homes Sold

Avg. Days on Market

176 27%

49 7%

Homes Sold

Avg. Days on Market

S I LV E R S P R I N G

R O C KV I L L E

$245,000 6.5%

$339,450

Median Sold Price

Median Sold Price

15%

1,058 18%

29

Homes Sold

Avg. Days on Market

6%

646 47%

31

6%

Homes Sold

Avg. Days on Market

GA I T H E RS B U RG

$256,450 7% Median Sold Price

570 21%

22

Homes Sold

Avg. Days on Market

ANNUAL MARKET REVIEW 2021

29%

PG 27