What's Hot: Plans Progress For a New Grocery Store at Friendship Heights Mall | Move-In Ready Townhomes at EYA's Northeast DC Neighborhoods
DC's Above Asking Neighborhoods in 2020: Pricey, Supply-Starved and in One Section of the City
As 2020 comes to an end, UrbanTurf is taking a last look at the DC neighborhoods where homes regularly sold for above their original asking price in 2020.
Near the beginning of the year, there were just five areas where homes were fetching a premium; by October, that number had increased to 11.
As we end the year, we find that homes are regularly selling above list price in 13 neighborhoods, an indication of the competition in the city at the moment.
story continues belowloading...
story continues above
There are a few interesting similarities about the DC neighborhoods that top the list in the table above. First, the median home price exceeds $1 million. Second, there is a severe shortage of homes for sale, with several neighborhoods having a month's supply of homes on the market or less. Unlike previous years where the neighborhoods on the list represented both sides of the city, in 2020, the areas (with the exception of Capitol Hill) are all located in DC's NW quadrant.
Neighborhood sales were calculated according to the advertised subdivision, and for inclusion on the list, there had to be at least 20 sales in 2020.
Photo courtesy of HomeVisit.
This article originally published at https://dc.urbanturf.com/articles/blog/dcs-above-asking-neighborhoods-in-2020-pricey-supply-starved-and-in-one-sec/17635.
Most Popular... This Week • Last 30 Days • Ever
Clarion Partners, the owner of the Chevy Chase Pavilion, has filed modifications to i... read »
The new development keeps humming along in DC's Buzzard Point.... read »
It is early in the year, but there are already a number of areas around DC where home... read »
Where it's cheaper to build than buy; Elon Musk is not making Texas happy; and the wo... read »
If you are tired of getting lost in their stores, IKEA has a new location planned tha... read »
At an ANC 4A meeting on Tuesday night, representatives from Whole Foods said that the... read »
The application to raze the infamous fast food location at New York and Florida Avenu... read »
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
The application has been filed for the American City Diner along Connecticut Avenue i... read »
The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- Whole Foods at Walter Reed To Open This Summer
- The End is Here: Raze Permit Filed For Wendy's at Dave Thomas Circle
- How to Appeal Your DC Property Tax Assessment
- Raze Application May Spell The End For One of DC's Last Diner Buildings
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro