CONDOS SOLD IN DUPONT CIRCLE
In the third quarter of 2009, we found that the average number of bedrooms in a sold Dupont Circle condo was 1.2, reflecting the large number of studios and one-bedrooms in the neighborhood. We also found the following details about condo sales:
Average List Price: $399,074
Average Sales Price: $396,160 or 99% of list price
Average price per square foot: $527
Average days on market: 35
Average age: 71 (reflecting the large number of row home conversions to condo)
These statistics reveal a healthy market with buyers and sellers in a good equilibrium. Sellers are realistic in pricing their homes and achieving 99% of their asking price within 35 days on average.
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