We’re midway through 2018, so it’s a great time to check in on the real estate market in Glover Park. Demand continues to outpace supply in Glover Park and across the Northwest Washington market. This is leading to appreciating home values for many homeowners, and requiring patience and perseverance for many home buyers.

The highest sale in Glover Park according to MRIS sales data was a property on Davis PL that was originally designed as a 4 unit apartment building. It was later converted to an owner’s suite with two rental units. It listed and sold for $1,450,000. The lowest sale  was a 1 bedroom cooperative unit at 3900 Tunlaw RD NW that traded for $222,000.

The average days on market for single family homes was 5 which included 2 sales logged as 0 days which means the contract was accepted by the seller before the listing officially hit the market. 12 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 30 days, but still moved at a very acceptable pace.

Of the 24 condo and coop sales, 12 listings went under contract in 12 days or less.

We expect the second half of 2018 to largely mirror the first half in terms of demand outpacing 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.

Since it got rained out in June, we’re looking forward to seeing you at Glover Park Day in the fall (Saturday, September 15th).

**all information from MRIS. Deemed reliable but not guaranteed. This is not intended to solicit other broker’s listings.

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.