What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
Home Price Watch: 20007 -- DC's Toniest Zip Code
A home in 20007 that recently sold for $5.4 million.
In this edition of Home Price Watch, where we analyze the housing market in various zip codes using numbers provided by RealEstate Business Intelligence (RBI), we take a look at an area in DC where home values on average exceed the million dollar mark.
Roughly speaking, the 20007 zip code is bounded by the Potomac River on the south, Rock Creek Park/Observatory Circle on the east, Garfield Street NW to the north and a western border that cuts right down the middle of Battery Kemble Park to the Potomac. Portions of Burleith, Glover Park, Foxhall, Georgetown and Massachusetts Avenue Heights are in 20007.
The area showed a steady rise in prices between 2002 and 2012, and claimed some of the highest median sale prices of all the zip codes we looked at last year: the median sale price for the 141 townhomes that sold between January and August of 2012 was $1,000,000, and for the 61 detached homes that sold during that time period, it was $1.5 million.
This year, prices continued to climb in all property categories for 20007. After breaking the million dollar mark in 2012, townhomes now sell for a median of $1,134,877. Detached home remained in the $1.5 million zone, and condos climbed up to a median of $430,750 from $399,000 last year.
Even with rising prices, homes in 20007 (like the rest of the city) continue to sell at a faster pace than in 2012. Townhomes stayed on the market for a median of 17 days, down from 29 last year, while detached homes sold on median in 36 days, down from 46 last year.
Similar Posts:
- Home Price Watch: Townhomes Break $1 Million in 20009
- Home Price Watch: Rising 15 Percent a Year in Bloomingdale and LeDroit
- Home Price Watch: Climbing on Capitol Hill and Hill East
See other articles related to: 20007, burleith, foxhall, georgetown, home price watch
This article originally published at https://dc.urbanturf.com/articles/blog/home_price_watch_georgetowns_million_dollar_rowhouses_still_hot/7528.
Most Popular... This Week • Last 30 Days • Ever
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
As profits drop around the country, sellers around DC are still realizing hefty retur... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... 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