DC's Above Asking Neighborhoods in 2020: Pricey, Supply-Starved and in One Section of the City
✉️ Want to forward this article? Click here.
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 below
loading...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
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
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