
DC REAL ESTATE VALUES
Did you ever wonder how real estate agents calculate values for homes? Whether you’re in the market for a condominium, single family home, co-op or townhouse, learning to calculate DC real estate values will empower you to make better decisions when buying or selling Washington DC real estate. As the saying goes, real estate is “local” and values vary by neighborhood, home type, market saturation time of year and other factors. Hyper-local data, market and neighborhood knowledge are essential tools when determining DC real estate values. Here’s How It Works:
DC Inventory and Absorption Rates
DC Listing Price Trends
'Median' and 'Average' Data Sets - What's The Difference?
Number Of Homes Sold
Average Sales To List Price Ratio
Price Per Square Foot
Relative Property Condition
Listing Price
Value Markers
"Spidey Sense"
Yes, ‘Spidey Sense‘ is a legit thing in the Washington DC real estate market if you define it as experiential market knowledge combined with awareness of external market influences. Pricing DC real estate is not all about the numbers and data is just a snapshot of the past. Our market often moves ahead of data and demand, location, timing and the home’s attributes are frequently key drivers of value. It’s not uncommon to find that there are no ‘comparables’ for a desired property. That’s where expert neighborhood and market knowledge come in. Hire The Isaacs Team. We’re in and out of homes throughout The District daily, and have been for years. That archived mental knowledge gives us a “spidey sense” of value even when there are no apples-to-apples comps, or when comps don’t exist at all. This knowledge is perhaps most important in determining DC real estate values because what translates on paper and in electronic data does not present a full picture of property value. We provide an advantage in analyzing neighborhoods, identifying properties of interest and evaluating price due to our experience and familiarity with the market.