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Homes Sold in 2008

Charles Dickens couldn’t come up with as dreary an outlook as in The Year of Bleak Housing. Wary buyers stayed on the side lines in DC and across the country as prices kept dropping due to falling property values. The Case-Shiller Home Price Index reported the largest drop in history. As if things couldn’t get bleaker, increasing numbers of “underwater” homeowners saw their homes worth less than they paid and foreclosures continued to a mark many neighborhoods. Even though mortgage rates averaged a high of 6.49% to low of 5.33%, this dismal market was stagnant as buyers faced tightening lending standards.

 

February

2/14/08
$439,000
910 M Street
2/14/08
$257,000
800 4th Street
2/25/08
$240,000
101 North Carolina
2/29/08
$212,000
13th Street
2/29/08
$235,900
401 13th Street

March

3/5/09
$395,400
933 M Street
3/14/08
$436,200
13036 Gershwin Way
3/21/08
$490,000
418 K Street
3/28/08
$260,000
1000 New Jersey
3/28/08
$260,000
310 Todd Place
3/31/08
$435,000
2020 12th Street

April

4/11/08
$313,000
516 A Street

May

5/25/08
$458,900
1000 New Jersey

June

6/9/08
$612,000
504 Echols Street
6/30/08
$415,000
3877 Waythorne

July

7/8/08
$327,000
9860 High Water Court
7/25/08
$495,000
3901 Connecticut Ave
7/31/08
$780,000
309 Yale Drive

August

8/8/08
$282,000
1836 Independance Avenue
8/22/08
$406,000
3613 Taylor Street
8/25/08
$306,000
1301 South Carolina
8/26/08
$824,000
5858 Governor Hill
8/27/08
$275,000
4114 Davis Place
8/31/08
$248,900
305 Whittier Street

October

10/29/08
$210,000
4719 4th Street
10/30/08
$755,000
1830 Baldwin Drive

December

12/16/08
$1,285,000
1255 Merchant Lane
12/18/08
$285,000
616 E Street
12/19/08
$245,000
12241/2 Wylie Street

2008 Total: $12,183,300

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