What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
The 8-Year Rise of Trinidad Home Prices in Three Charts
✉️ Want to forward this article? Click here.
Inside a two-bedroom home for sale in Trinidad.
It has been eight years since the bottom fell out of the national housing market, and while DC wasn’t affected as adversely as other parts of the country, UrbanTurf is taking a look at select neighborhoods around the city to see how housing prices have fared during that stretch.
We have analyzed Capitol Hill, the zip code that includes neighborhoods like Shaw, Bloomingdale, LeDroit Park and Mount Vernon Square and Chevy Chase DC. This week, we head to Trinidad.
The 60 Percent Increase For Two-Bedrooms
Trinidad is not known for having a lot of two-bedroom condos and rowhouses, but they are available throughout the neighborhood. The median price for a two-bedroom back in the second quarter of 2008 was a mere $195,000; by the first quarter of this year, it had risen to $340,000. Even when accounting for inflation, two-bedroom prices have risen 59 percent over the last eight years.
story continues below
loading...story continues above
From $270,000 to $545,000
Three-bedroom rowhouses saw substantial price appreciation in the northeast neighborhood between 2008 and 2016, as the median sales price rose $275,000. Prices actually fell at the end of 2008 and hovered around $200,000 for a couple years before going on a four-year heater starting in early 2012. It might seem hard to believe now, but the median price for a three-bedroom home in Trinidad in 2009 was well below $200,000.
The $236,000 Increase For Four-Bedrooms
Median prices for four-bedroom homes in the neighborhood rose from $380,000 in the second quarter of 2008 to $618,000 in the first quarter of 2016. Even with inflation baked in, that amounts to a 48 percent increase. Prices didn’t take off until the beginning of 2013 when they rose above $450,000 and stayed there before heading above $600,000 in early 2015.
See other articles related to: trinidad, trinidad home prices
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_8-year_rise_of_trinidad_home_prices_in_three_charts/11100.
Most Popular... This Week • Last 30 Days • Ever
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro