From the Washington Business Journal:
"A private industry survey shows home prices in February nationwide were down 1 percent, and the year-over-year decline in Washington was 4.33 percent.
The S&P/Case-Shiller report, which measures housing prices in the 20 largest U.S. metropolitan areas, indicates that price declines may be accelerating.
. . .
The S&P/Case-Shiller report also breaks down monthly price changes, and says home prices in Washington in February fell 0.5 percent from January."
From http://macromarkets.com:
"The monthly S&P/Case-Shiller Home Price Indices use the "repeat sales method" of index calculation -- an approach that is widely recognized as the premier mothodology for indexing home prices -- which uses data on properties that have sold at least twice, in order to capture the true appreciated value of each specific sales unit."
"Case-Shiller's DC-VA-MD-WV MSA includes D.C, Calvert MD, Charles MD, Frederick MD, Montgomery MD, Prince Georges MD, Alexandria City VA, Arlington VA, Clarke VA, Fairfax VA, Fairfax City VA, Falls Church City VA, Fauquier VA, Fredericksburg City VA, Loudoun VA, Manassas City VA, Manassas Park City, VA, Prince William VA, Spotsylvania VA, Stafford VA, Warren VA, Jefferson WV."
Thursday, April 26, 2007
DC-Area House Prices Declined 4.33% in February
Posted by Harriet at 4:51 PM
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6 comments:
25% more or so and i'll start looking.
Here's a lovely Reston home that the builders apparently threw together with all of their leftover supplies
List Price: $375,000
Last Sale: 03/14/06
Sales Price: $453,500
that's one ugly house. the price drop is significant but inadequate. kills me that someone will pay 1/2 mil for a little cape.
Yes, that one might be the ugliest house in Reston. Up until then, in my saved home list (for entertainment) I thought this recently (again) reduced single-wide was the ugliest in Reston:
FX6268031
List Price: $310,000
Price Reduced: 02/12/07 -- $371,000 to $360,000
Price Reduced: 03/26/07 -- $360,000 to $339,000
Price Reduced: 04/26/07 -- $339,000 to $310,000
Last Sale: 11/01/05
Sales Price: $380,000
Dang John - I can hardly believe these dumps you've found are in spanky Reston, Va - are there rednecks in NOVA???
How about the first word in the description??? "Adorable." Really? I was thinking more along the lines of "Albatross."
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