Prince Of Petworth » November Home/Condo Sales in PoPville

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November Home/Condo Sales in PoPville

Thanks again to DC realtor Kevin Wood for compiling this list of home/condo sales for zip codes – 20011, 20010, 20009, 20005, 20003, 20002, and 20001. Click below on “November sales” for the full list in pdf format. If there is a zipcode you’d like to see added please let me know.

November Sales

While we’re talking about Home Sales Washingtonian Magazine is writing a story on recent experiences:

“It’s going to track the boom and bust of the housing bubble from the perspective of individuals who lived it firsthand, so we’re looking for stories from people who bought or sold a home in Washington over the past five or six years. http://www.washingtonian.com/blogarticles/homegarden/openhouse/14267.html”

If you’re interested in sharing your experiences click on the link above.

Category: Home Sales

By: Prince Of Petworth | 04 December 2009 3:00 PM | 9 Comments

Emily Leaman

Thanks, PoP!

December 4, 2009 at 3:30 pm
Lol

man… sorta looks like the boom is back (i assume due to the rebate).

Look at petworth and see how many houses are selling in the 400-500 range.

December 4, 2009 at 3:49 pm
IrvingGreen

As a property owner, it’s nice to see houses selling above asking price again. Some by tens of thousands, and one by more than $100,000. Most are still closing below asking, but maybe, just maybe, the market has bottomed out.

December 4, 2009 at 5:41 pm
Realthor

The Federal Homebuyer Tax Credits = Subsidized Housing.

Yes, the federal government is subsidizing most housing purchases in the US at the moment.

That housing subsidy WILL be eliminated next year. What will happen then?

Prices will climb to the moon! (no, not really, prices will flatline at best)

December 4, 2009 at 11:11 pm
logical solution

@Realtor: This is a very important point that you’re missing -> Tax credits and tax deductions are just that. They’re giving you money back from the taxes you paid – MONEY THAT YOU EARNED.

Subsidized housing on the other hand is just giving money away. It’s not giving back a portion of taxes paid that people earned. Tax credits encourage people to keep working hard to earn AND KEEP more of their own money. Hand-outs lead to laziness and crime.

Please do not equate the returning of people’s hard-earned money with hand-outs. There’s a major difference between the two.

December 5, 2009 at 8:51 am
Realthor

“There’s a major difference between the two.”

On the buy side? Yes. On the sell side? NO. The expiration of federal housing subsidies next year will have a measurable negative impact on the resale value of housing throughout the United States. Yes, even in DC.

If you were less emotional and more academic about it, you would have seen my point in the first place. Is your financial future tied to the current federal housing subsidies, by any chance?

http://www.nytimes.com/2009/11/20/business/20limits.html?_r=1
http://www.cato-at-liberty.org/2009/11/25/federal-housing-subsidies-are-insane/

December 5, 2009 at 8:58 am
hipchickindc

I think that what happens to interest rates over the next year will have more impact on values in DC than the end of the tax credit. My own business has been way more affected by 5% mortgage money than by the one time $8000. subsidy.

Prior to the $8k, we’ve been very lucky to have a $5000. Federal Tax Credit that was good IN DC ONLY. We may lose that once the $8k is gone, at least for this year. Lord knows, Eleanor will be working on it, though.

December 5, 2009 at 2:59 pm
Brenda

Yep, interest rates have a direct relationship with affordability. Rates will rise in response to an economic recovery.

Rates will remain low as long as the economy struggles.

When rates rise, affordability dwindles, and home prices come down.

When rates fall, affordability rises and sellers can raise their prices.

People who study economics (a large portion of the DC population) know these basic facts.

Hey, does the violent crime rate of a particular neighborhood affect affordability? (that’s a rhetorical question)

December 5, 2009 at 4:30 pm
Richko

Could I ask that one more zip code be added to these very useful lists? 20004. (I know how to access the closing price data online, but these lists are very convenient and I appreciate them a lot. Thanks!)

December 7, 2009 at 12:06 pm