Washington DC’s Winner and Loser Neighborhoods

Logan Circle, Washington DC – Apple MapsLast month we looked at active vs. sold listings for D.C. overall. This week, we’ll look at the median price over the past seven months for D.C. neighborhoods based on zip code.

Washington, D.C. overall experienced growth in median price from 2013 to 2014, both in July (1.90 percent) and year-to-date (4.20 percent). Keep that in mind as a background against which to view the stats for individual neighborhoods.

Who were the biggest winners and losers in the month of July? The three zip codes with highest median price growth were 20020 (Anacostia/Hillcrest + 37.80 percent), 20024 (SW Waterfront + 35.90 percent), and 20032 (Congress Heights + 22.80 percent). This is not surprising: property is still fairly inexpensive in 20020 and 20032, and foreign investors are buying it up for rent and renovation. The growth in median price for SW Waterfront is also not surprising given the imminent development along the waterfront there.

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Authored By Ted Smith – See the Full Story at The Washington Blade

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Image via Apple Maps