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The Rising Price of a DC Townhouse
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A February report on the DC-area housing market revealed that the price of a townhome in the DC region rose to its highest level on record last month. In an effort to get a little bit more granular on that milestone, Bright MLS provided UrbanTurf with home price data for townhomes in DC neighborhoods where this is the predominant property type.
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By and large, the February price appreciation for townhomes in the neighborhoods above are in line with a region breaking a price record for this property type. Townhome sale prices were up 43% in Columbia Heights compared to last February, 65% in Mount Pleasant and 88% in the H Street Corridor. For the entire 20003 zip code, prices were up 44% compared to a year ago.
As is the case with the region overall, the rising price appreciation is in large part due to lack of supply. There is less than a month's supply of townhomes on the market in DC and the majority of the neighborhoods above.
Photo by Andrew Larsen.
See other articles related to: dc townhome prices, dc townhomes, dc townhouses
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-rising-price-of-a-dc-townhouse/19427.
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