Early Spring 2025
Early Spring is here, and the cherry blossoms will soon be out in Dupont Circle. The real estate market is also in bloom with 16 sales since the start of the year. While the average closing price is a robust $2,105,313 there is actually a wide range, from $850,000 to $3,700,000. In other words, there are plenty of opportunities for those seeking a piece of the Dupont dream.
Other stats similarly run the gamut. The days on market (DOM) goes from zero all the way to 149, creating an average of 51.6. But that obscures the fact that most accepted offers have occurred within the first two weeks. The list-to-sales ratios for recent closings range from 79.55 to 104.57 percent, averaging an impressive 96.74 percent of asking.
There are also times when homeowners would prefer not to go through the inconvenience of an open market. In February I choreographed the private sale of a lovely classic on 19th Street for the full asking price of $1.9 million. Meanwhile, the owners of a meticulously restored gem on Swann Street trusted me to find the next steward for their property and we’re now under contract without listing it publicly.
There has been a lot of curiosity about what the real estate picture will look like in the coming months. Now more than ever, it is important to work with someone you can truly trust. I care deeply about my Dupont Circle community, and I am always here to lend an ear and offer practical advice. As always, please feel free to reach out for a private consultation.