Wednesday, August 8, 2007

You say the market is crashing? Take a look at this.

After some lengthy conversations with associates about what the future holds for DC I wanted to take a look at market trends for myself, away from the media hype and what seems to be panicking consumers in our area. What I did was download the data from our local real estate database, MLS/Multiple Listing Service, from all transactions in the subdivisions of Kalorama, Dupont Circle & Logan Circle. I used the provided data from the system to break down the cost per square foot of every condo sold since June 1, 2006 until July 31, 2007 and graphed the cost per square foot of every sold condo against their date of sale and this is what I got:

IF THE IMAGE IS NOT CLEAR, CLICK IT TO OPEN IN A NEW WINDOW





























So I ask you again...is it a good time to purchase in DC or not?



If you are looking for more information about any specific neighborhoods in the DC area please feel free to contact me and I will run a full analysis including trending and forecasting.

2 comments:

Anonymous said...

Would you be able to run a report for the U Street area?

Jesse Kaye said...

Without a doubt. Please email me with more information about your project/needs.

jkaye@ktrealestate.com