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Above Asking Everywhere You Look: The 12 DC-Area Neighborhoods Where Buyers Are Paying a Premium

by UrbanTurf Staff

A Chevy Chase DC home that sold for above asking.

If you have been reading the pages of UrbanTurf this year, you are aware that homes are more often than not, selling for above asking price in our area. In DC alone, there are almost forty neighborhoods where the sales price to original list price ratio is above 100%. 

UrbanTurf looked around DC and the close-in Maryland and Virginia suburbs to find the 12 areas with the highest ratios so far in 2021. For inclusion on the list, neighborhoods had to have recorded at least ten sales this year.

Click to enlarge.

The neighborhoods at the top of the list have two things in common: they all have median home prices near $1 million or above and the housing supply is largely detached single-family homes. The latter characteristic is also a commonality for many more of the neighborhoods on the list. The other thing that the majority of the neighborhoods above have in common? There are very few homes for sale in any of them. 

Photo courtesy of HomeVisit.

This article originally published at http://dc.urbanturf.com/articles/blog/above-asking-everywhere-you-look-the-12-dc-area-neighborhoods-where-buyers-/18428

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