The Washington region had the best real estate market in the country at the end of 2010, averaging a 4.1 percent increases in prices over the close of 2009.
But, as economist Anirban Basu told The Examiner, it’s not that simple.
“It’s 4.1 percent for the region but that includes Prince George’s County and other places disproportionately impacted by the crises,” he said. “This implies that in certain communities, the increase is well above 4 percent.”
According to a search on Trulia.com, the region’s hot areas are the District, Arlington and Rockville, where home prices have increased 16 to 18 percent over the last year. The median price sold in those areas range from $425,000 to roughly $520,000.
Cities and towns that are closer to the region’s average price increase include Alexandria, Reston and Centreville, according to Trulia. Meanwhile places in Prince George’s County like Temple Hills and Laurel are still suffering price decreases of 8 percent and 15 percent, respectively, according to the price tracking firm.
Homes in Temple Hills are selling for less than $200,000; Laurel homes are selling for a median price of $285,000.
College Park, however is relatively stable – prices there ticked up a half-percent during the last year and the median price sold is about $220,000, according to Trulia.
