Neighborhood by Neighborhood: DC Home Sales Analysis

• September 14th 2009

by Mark Wellborn

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Our go-to guy for local real estate analysis Keith Gibbons of DCHousingPrices has compiled some very helpful neighborhood home buying statistics for DC proper. While the analysis is from back in June, Keith’s work is still a great resource for any prospective home buyer that is unsure of what neighborhood they can afford in DC. Below is the chart from DC Housing Prices as well as some highlights that we picked out from Keith’s comprehensive work.

• The top neighborhoods for sales in June were Old City I and II with 224 total transactions. (We believe these neighborhood designations include parts of Adams Morgan, Dupont Circle and Adams Morgan.) Columbia Heights (51 sales) and Chevy Chase (29 sales) rounded out the top three.

• The neighborhood with the highest average price for home sales in June ($1.6 million) was the small area of Kent tucked away in The Palisades. In our opinion, home buyers got the most bang for their buck in Petworth where the average sales price was just $270,000.

• Biggest Surprise: There were twelve sales in Cleveland Park, a rather upscale neighborhood by DC standards where single-family homes can sell for well over $1 million, but the average price for the properties that sold was just $488,000.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/neighborhood_by_neighborhood_dc_home_sales_analysis/1308.