It’s not often I see numbers and hesitate to post them, but I got that feeling when I pulled the market stats for March 2010 in 22201. The numbers are not a true picture because of the types of properties that sold in March. There were a total of 49 sales, but most of the condos were the older buildings so the values appear to be lower than some truly are. I stress the importance of acknowledging these are just AVERAGES, and not a true market picture.
1 Bedroom Condos
Average Net Sale Price: $331,909 after 32 days
Range: $239,000 – $381,500
1 Bedroom with Den Condos
Average Net Sale Price: $358,638 after 63 days
Range: $302,000 – $426,000
2 Bedroom Condos
Average Net Sale Price: $409,750 after 95 days
Range: $254,000 – $462,500
Single Family Homes
Average Net Sale Price: $870,468 after 100 days
Range: $486,625 – $1,498,000
Notes: there was only 1 townhouse in 22201 sold and therefore it was not used to represent an average. Also, very few of the newer buildings in 22201 had sales in March and therefore the values are lower for condos and represent market averages for the older buildings.
Please call me if you’re looking for a real analysis on your specific property!