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Condos and Co-ops Drive Market in Southwest Waterfront

  • October 18th 2023

by UrbanTurf Staff

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The Amaris.

UrbanTurf continues its annual look at the neighborhood housing markets around the DC region as we head over to the Southwest Waterfront. 

Bucking the trend seen around the city this year, the Southwest Waterfront has seen a notable increase in home sales, albeit there were a relatively low number of sales through the first ten months of 2022. Driving the increase in sales are condos and co-ops, which represent 88% of sales this year. The median home price in the neighborhood is down 5% this year, which may be enticing buyers. 

Below UrbanTurf plucked out several other interesting stats about the Southwest Waterfront market.

  • $479,000 -- The median home price in Southwest Waterfront this year, down 5% from 2022.
  • 35 -- The number of homes sold this year, up 66% from last year.
  • 88% -- The percentage of homes sold that were condos or co-ops. 
  • 34 -- The number of active listings currently on the market. 

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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/condos_and_co-ops_drive_market_in_southwest_waterfront/21590.

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