2021 Mid-Year Market Report by TTR Sotheby's International Realty

Page 1

2021 Mid-Year Market Report


Above: 3903 Legation Street NW, Chevy Chase DC Cover: 2100 Dunmore Lane NW, DC


Contents SI N G LE FAM I LY H OM ES PG 3 -7

N O RT H W EST DC

PG 9-1 1

DOW NTOW N & N O RT H E AST DC

PG 13-1 5

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

PG 17-19

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

PG 2 1- 23

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

PG 2 5- 27

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

CON D O & CO- OPS PG 2 9-33

WAS H I N GTO N DC

PG 35-37

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

PG 39- 41

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

©2021 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


Northwest DC S I N GL E FA M I LY H O M ES

3313 O Street NW, Georgetown


3


Top: 3903 Legation St NW, Chevy Chase Bottom Left: 2507 Massachusetts Ave NW, Kalorama Bottom Right: 3218 Woodley Rd NW, Cleveland Park


M I D -Y E A R R E P O R T 2 0 2 1

Northwest DC SINGL E FAMI LY H OM ES

Cleveland Park

Kalorama

$2,465,000

$1,875,000

4%

Median Sold Price

16

Homes Sold

33%

37

Avg. Days on Market

42%

Homes Sold

50%

11

Avg. Days on Market

58%

20%

9

Avg. Days on Market

31%

7

Homes Sold

40%

80

Avg. Days on Market

1%

Mount Pleasant

$1,723,000

$1,350,000

7%

Median Sold Price

Homes Sold

14%

Median Sold Price

Forest Hills

6

Homes Sold

$4,200,000

26%

Median Sold Price

105

25

Mass. Ave Heights

Chevy Chase, DC

$1,375,000

2%

Median Sold Price

25%

5%

Median Sold Price

7

Avg. Days on Market

87%

35

Homes Sold

59%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

6

Avg. Days on Market

67%

5


Northwest DC (continued) SINGL E FAMI LY H OM ES

Georgetown

American University

$1,352,362

$1,797,500

0%

Median Sold Price

50

Homes Sold

79%

16

Avg. Days on Market

60%

Homes Sold

12%

11

Avg. Days on Market

39%

Homes Sold

33%

50

Avg. Days on Market

61%

9%

35

Homes Sold

106% 11

Avg. Days on Market

69%

Palisades

$1,387,500

41%

Median Sold Price

24

86%

Median Sold Price

Wesley Heights

$2,395,000

Homes Sold

$1,845,000

14%

Median Sold Price

46

110

Spring Valley

Glover Park/Burleith

$1,250,000

24%

Median Sold Price

1%

Median Sold Price

40

Avg. Days on Market

0%

32

Homes Sold

52%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

26

Avg. Days on Market

0%


M I D -Y E A R R E P O R T 2 0 2 1

Top Left: 1519 34th Street NW, Georgetown Bottom Left: 3313 O Street NW, Georgetown Right: 4825 Dexter Ter NW, Wesley Heights

7


Downtown & Northeast DC S I N GL E FA M I LY H O M ES

1711 S Street NW (SOLD 7/1/2021)


9


Top: 1743 Corcoran Street NW, Dupont Circle Bottom Left: 1231 S Street NW, Logan/14th Street Corridor Bottom Right: 407 Decatur Street NW, Petworth


M I D -Y E A R R E P O R T 2 0 2 1

Downtown & Northeast Washington S INGLE FAM I LY H OM ES

Logan

Dupont

$1,750,000

$1,725,000

25%

Median Sold Price

15

Homes Sold

67%

30

Avg. Days on Market

11%

Shaw

89%

$1,030,000

13

Avg. Days on Market

58%

41

Avg. Days on Market

31%

21%

241

Homes Sold

50%

19

Avg. Days on Market

17%

Petworth

$850,000

1%

Median Sold Price

Homes Sold

167%

Median Sold Price

Bloomingdale / LeDroit Park

64

Homes Sold

$1,129,398

1%

Median Sold Price

Homes Sold

24

Capitol Hill

$1,117,000 53

0%

Median Sold Price

17%

Median Sold Price

100% 18

Avg. Days on Market

36%

149

Homes Sold

25%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

11

Avg. Days on Market

54%

11


Northern Virginia S I N GL E FA M I LY H O M ES

7979 E Boulevard Drive, Alexandria


13


Northern Virginia SINGL E FAMI LY H OM ES

Alexandria (Fairfax County)

City of Alexandria

$829,707

$640,000

7%

Median Sold Price

752

Homes Sold

40%

15

Avg. Days on Market

17%

Homes Sold

40%

Avg. Days on Market

39%

31%

27

Avg. Days on Market

36%

110

Homes Sold

49%

38

Avg. Days on Market

22%

Falls Church

$1,035,000

$800,000

10%

Median Sold Price

Homes Sold

11

Median Sold Price

Arlington

819

Homes Sold

$1,600,000

7%

Median Sold Price

293

1,320 32%

McLean (22102)

McLean (22101)

$1,365,000

10%

Median Sold Price

52%

10%

Median Sold Price

17

Avg. Days on Market

26%

554

Homes Sold

26%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

13

Avg. Days on Market

35%


M I D -Y E A R R E P O R T 2 0 2 1

Left: 4715 24th Street N, Arlington Top Right: 620 Rivercrest, McLean Bottom Right: 2001 & 2007 Whiteoaks Drive, Alexandria

Vienna

Great Falls

$962,500

$1,449,000

13%

Median Sold Price

542

Homes Sold

44%

31%

Median Sold Price

21

Avg. Days on Market

40%

175

Homes Sold

17%

44

Avg. Days on Market

21%

15


Virginia’s Horse & Wine Region S I N GL E FA M I LY H O M ES

171 Little Long Mountain Road, Huntly VA (SOLD 7/9/2021)


17


Top: 9303 John S Mosby Hwy, Upperville (Sold 6/9/21) Bottom Left: 6278 Rock Hill Mill Rd, The Plains Bottom Right: 1388 Crenshaw Rd, Upperville


M I D -Y E A R R E P O R T 2 0 2 1

Virginia’s Horse & Wine Region S INGLE FAM I LY H OM ES

Middleburg

The Plains

$950,000

$619,000

28%

Median Sold Price

41

Homes Sold

64%

103

Avg. Days on Market

41%

Marshall

24%

96

Avg. Days on Market

23%

87%

26

Avg. Days on Market

71%

7

Homes Sold

250% 93

Avg. Days on Market

69%

Purcellville

$535,000

$661,662

10%

Median Sold Price

Homes Sold

6%

Median Sold Price

Warrenton

355

Homes Sold

$760,600

16%

Median Sold Price

Homes Sold

19

Upperville

$551,000 61

2%

Median Sold Price

22%

15%

Median Sold Price

15

Avg. Days on Market

62%

172

Homes Sold

19%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

14

Avg. Days on Market

61%

19


Montgomery County S I N GL E FA M I LY H O M ES

7406 Fairfax Road, Bethesda (Sold 6/28/21)


21


Montgomery County SINGL E FAMI LY H OM ES

Chevy Chase, MD

Bethesda

$1,270,000

$1,506,000

20%

Median Sold Price

515

Homes Sold

37%

16

Avg. Days on Market

57%

187

Homes Sold

47%

Potomac

$1,170,000

24%

Median Sold Price

350

Homes Sold

27%

25

Avg. Days on Market

47%

Silver Spring

$550,000

13%

Median Sold Price

1,185 37% Homes Sold

16%

Median Sold Price

12

Avg. Days on Market

48%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

23

Avg. Days on Market

48%


M I D -Y E A R R E P O R T 2 0 2 1

Top: 8539 W Howell Road, Bethesda Bottom Left: 9819 Newhall Road, Potomac Bottom Right: 9220 Farnsworth Drive, Potomac

23


Chesapeake Bay Region S I N GL E FA M I LY H O M ES

225 Wardour Drive, Annapolis


25


Top: 24724 New Post Rd, St. Michaels Bottom Left: 1489 Bridgewater Way, Annapolis Bottom Right: 948 Old County Road, Severna Park (Sold 6/14/21)


M I D -Y E A R R E P O R T 2 0 2 1

Chesapeake Bay Region S INGLE FAM I LY H OM ES

Annapolis

Severna Park

$530,000

$ 612,577

12%

Median Sold Price

766

Homes Sold

23%

25

Avg. Days on Market

52%

Edgewater

23%

15

Avg. Days on Market

62%

11%

25

Avg. Days on Market

56%

172

Homes Sold

77%

35

Avg. Days on Market

53%

Saint Michaels

$379,500

$549,000

17%

Median Sold Price

Homes Sold

17%

Median Sold Price

Easton

229

Homes Sold

$428,736

10%

Median Sold Price

Homes Sold

240

Stevensville

$471,000 255

15%

Median Sold Price

31%

36%

Median Sold Price

41

Avg. Days on Market

61%

47

Homes Sold

27%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

52

Avg. Days on Market

66%

27



M I D -Y E A R R E P O R T 2 0 2 1

Washington DC COND O & CO-OPS

1055 Wisconsin Ave NW #2W, Georgetown

29


Washington DC CO NDO & CO- OPS

Dupont

Downtown

$500,000

$430,500

1.5%

Median Sold Price

269

Units Sold

98%

34

Avg. Days on Market

17%

$680,000 90%

37

Avg. Days on Market

32%

1%

30

Avg. Days on Market

43%

68

Units Sold

119%

37

Avg. Days on Market

131%

Petworth

$532,500

$525,000

1%

Median Sold Price

Units Sold

61%

Median Sold Price

Capitol Hill

116

Units Sold

$683,500

15%

Median Sold Price

Units Sold

258

Shaw

Logan

175

3%

Median Sold Price

35%

23%

Median Sold Price

40

Avg. Days on Market

54%

104

Units Sold

68%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

24

Avg. Days on Market

45%


M I D -Y E A R R E P O R T 2 0 2 1

Top: 920 I Street NW #715, City Center Bottom Left: 630 14th Street NE #6 Bottom Right: 1401 R Street NW #301, Logan Circle

31


Top: 1300 4th Street SE #915, Navy Yard Bottom Left: 2007 Wyoming Avenue NW #17, Kalorama Bottom Right: 2425 L Street NW #633, West End


M I D -Y E A R R E P O R T 2 0 2 1

Washington DC CONDO & CO - OPS

Navy Yard

The Wharf

$545,000

$ 425,000

1%

Median Sold Price

57

Units Sold

138% 21

Avg. Days on Market

5%

Foggy Bottom/West End

$306,121 Units Sold

62%

35

Units Sold

25%

47

Avg. Days on Market

15%

Georgetown

$659,523

5%

Median Sold Price

55

17%

Median Sold Price

3%

Median Sold Price

71

Avg. Days on Market

25%

45

Units Sold

32%

57

Avg. Days on Market

12%

Kalorama

$574,968

3%

Median Sold Price

114

Units Sold

65%

35

Avg. Days on Market

6%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

33



M I D -Y E A R R E P O R T 2 0 2 1

Northern Virginia COND O & CO-OPS

1600 Clarendon Blvd #w409, Arlington

35


Northern Virginia CO NDO & CO- OPS

McLean

Arlington

$450,000

$415,000

5%

Median Sold Price

950

Units Sold

52%

30

Avg. Days on Market

76%

Units Sold

50%

46

Avg. Days on Market

130%

2%

27

Avg. Days on Market

69%

421

Units Sold

40%

25

Avg. Days on Market

56%

Falls Church City

$357,000

$300,000

10%

Median Sold Price

Units Sold

55%

Median Sold Price

Fairfax City

375

Units Sold

$289,000

0%

Median Sold Price

883

178

Alexandria (Fairfax County)

Alexandria City

$335,000

2%

Median Sold Price

85%

8%

Median Sold Price

19

Avg. Days on Market

46%

309

Units Sold

57%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

29

Avg. Days on Market

142%


M I D -Y E A R R E P O R T 2 0 2 1

Top: 16 Bakers Walk #104, Alexandria Bottom Left: 1615 N Queen St #m303, Arlington Bottom Right: 1881 N Nash Street #1003, Arlington

37



M I D -Y E A R R E P O R T 2 0 2 1

Montgomery County COND O & CO-OPS

4550 N Park Ave #605, Chevy Chase

39


Montgomery County CO NDO & CO- OPS

Chevy Chase, MD

Bethesda

$336,000

$437,000

7%

Median Sold Price

Median Sold Price

223

Units Sold

52%

47

Avg. Days on Market

15%

90

Units Sold

38%

Silver Spring

$239,500

9%

Median Sold Price

520

Units Sold

52%

9%

33

Avg. Days on Market

11%

Comparison based on 1/1/20 - 7/1/20 vs. 1/1/21 - 7/1/21. Source Bright MLS. Data deemed reliable, but not guaranteed

53

Avg. Days on Market

2%


Top: 2224 Washington Avenue #w-204, Silver Spring Bottom Right: 5500 Friendship Blvd #1811n, Chevy Chase Bottom Left: 7500 Woodmont Ave #s1218, Bethesda



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