2015 home sales in Glover Park have been keeping pace with 2014 year-to-date. The average row house sale price from January through June 2015 was $835,000 compared to $831,000 for the same period in 2014. Fourteen houses have sold in the first half of this year, very close to the fifteen that sold through June last year.
Demand remains quite strong combined with limited supply and low interest rates. 8 houses sold over their asking price so far this year compared to 11 last year. Though our houses seem similar from the outside, there is a wide variety of sizes, styles and degree of renovations resulting in a wide range of values from about $700K to $1 million, with an occasional outlier.
The average price for a one-bedroom condo in Glover Park rose 6% in the first half of the year to $293,000 from $276,000 in the same period last year. 18 one-bedroom condos sold through June compared to 15 through June last year.