Want to know where Washington, DC’s toniest neighborhoods are? Want to rub elbows with the Capital’s rich and powerful? The Washington Blade has the skinny:
“Location, location, location.” That’s the advice Realtors give clients looking to buy a home. It’s almost always better to spend the same money on the least expensive home on the street (or in the building) than the most expensive home on a less expensive street–the house on the expensive street will appreciate faster with the other properties on its street. (“A rising tide lifts all boats.”). D.C. is especially a “location, location, location” city (see my previous Blade article, “What’s In a Name?” in the Dec. 14, 2012 issue). Yet newcomers to D.C. often insist on asking the price per square foot in order to compare properties they’re interested in buying.
Topping the list – Georgetown at $748 a square foot.