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DC’s Top 50 Properties (and What They Say About the City’s Buyers)

by Mark Wellborn

DC's Top 50 Properties (and What They Say About the City's Buyers): Figure 1
Row Houses on Logan Circle

One of the criticisms of the recent column in The Atlantic about the trouble finding a home to buy in DC was that the author was limiting her search to the city’s historically popular neighborhoods. This criticism gave us the idea to try and find out which neighborhoods DC house and condo hunters are actually looking in.

Thanks to the folks over at Redfin who sent us a spreadsheet of the most viewed DC listings from their database, we were able to get a fairly good idea of the zip codes that ranked high on buyers’ priority lists. The data consists of the 50 most popular listings in the city from the last two weeks.

Here are some notable takeaways:

  • Eight of the 50 most viewed properties were in the upper Northwest neighborhoods of Chevy Chase and Barnaby Woods. Capitol Hill and Columbia Heights ranked second with five properties apiece in the top 50, Logan Circle had four and Dupont Circle had three. So, not surprisingly, exactly 50 percent of the most popular listings are in some of the most popular neighborhoods in DC.
  • But a look at the top 15 listings suggests that homebuyers are not confining their search to certain sections of the city. The most viewed property overall was a studio in Columbia Heights, followed by a four-bedroom in Mount Vernon Square, and then three family-sized homes in Chevy Chase. The top 15 was rounded out by properties in Shaw, 16th Street Heights, Bloomingdale, Tenleytown and Capitol Hill.
  • Not one property in the top 50 was listed for over $1 million, which is an interesting stat, but also probably says more about the demographics of the people who are using Redfin than the prevalence of luxury home buyers in the District.
  • The property types of the listings in the top 50 was split almost down the middle between single-family homes and condos.

While this analysis is by no means scientific, it does offer a picture of where DC buyers are looking. And it seems that even though people still prefer the city’s more established hoods, they are not averse to searching off the beaten path.

For the full list of properties we’re basing our analysis on, take a look at the spreadsheet. (Warning: it’s a little messy.)

See other articles related to: editors choice

This article originally published at http://dc.urbanturf.com/articles/blog/dcs_top_50_properties/1992

5 Comments

  1. SimonF said at 4:58 pm on Tuesday April 20, 2010:
    Cool analysis. One thing that I noticed is that there is just a single property listed that would fall in the U Street Corridor, surprising given the rise in popularity of this area.
  1. Emil Ali said at 7:38 pm on Tuesday April 20, 2010:
    Many blogs link to redfin listings. It could be that those were simply linked heavily and emailed a lot.
  1. roots said at 9:40 pm on Wednesday April 21, 2010:
    Not too many for U Street but as someone who lives near that area I can tell you there aren't many properties available in the area and the properties that are available are close to 1 million...which limits most people. I could be wrong though.
  1. GDorN said at 3:03 pm on Sunday April 25, 2010:
    i think they got the prince of petworth bump.
  1. New2dc said at 6:28 am on Tuesday May 18, 2010:
    where are the buyers who are spending over a million but under two most likely to buy in DC? Dupont?

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