| Market Report | By Anslie Stokes

The first half of 2017 is in the books and wow has it been a great 6 months for Glover Park real estate sales. Mirroring demand for single family homes in upper Northwest Washington, Glover Park real estate has been snatched up by buyers at a very rapid pace.

The highest sale in the neighborhood according to MRIS sales data was a semi-detached row house on Benton ST NW that closed for $1,420,000 (it listed for $1,395,000). The lowest priced sale was a 1 bedroom coop for $132,000 at 3900 Tunlaw RD NW cooperative building.

The average days on market for single family homes was 7 which included 2 sales logged as 0 days which means the contract was accepted by the seller before the listing officially hit the market. 22 days was the longest it took for a single family home to go under contact. Condos and coops in Glover Park took slightly longer to sell, averaging 31 days, but still moved at a very acceptable pace.

Of the 37 condo and coop sales, 21 listings went under contract in 15 days or less.

We expect the second half of 2017 to largely mirror the first half in terms of demand far out pacing supply.

For more information on Glover Park real estate, email us right here: anslie@TheStokesGroup.com. We are happy to discuss the Glover Park real estate market in more detail along with your needs.

The Stokes Group is a team of dedicated professionals who have passion for the real estate business and will advocate for our clients with the utmost honesty, integrity, and confidentiality. We believe in building solid relationships with our clients and that starts by getting to know who we are. Follow us on Facebook and Instagram.

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