The neighborhoods in DC with the highest real estate prices per square foot in 2018 are the areas that one might expect.
Leading the way with a median price per square foot of $842 is Georgetown. Coming in second at $759 a square foot is West End, and rounding out the top five are Burleith ($737), Logan Circle ($717) and the U Street Corridor ($705). Prices per square foot dropped over the last year in Georgetown, West End and Logan Circle, while rising 4 percent in the U Street Corridor and almost 20 percent in Burleith.
As UrbanTurf has previously noted, price per square foot is one of those tricky measures in real estate. In DC, a home’s square footage consists of the above-grade finished living area. According to the DC Property Tax Division, that is “comprised of the finished areas of the main floor (kitchen, living room, dining room, etc.) and any finished areas above the main floor.” However, there is no exact science when it comes to measuring square footage, something that UrbanTurf commenter skidrowedc pointed out a couple years ago.
“Price per square foot has value as a general statistical indicator, tracking movements at neighborhood and regional scales. But overemphasis on price per square foot, combined with no legal standard for how to calculate square footage, creates an incentive to cheat the footage upward. Moreover, at the scale of an individual condo or house, it’s as much about how well the square footage is laid out than the actual quantity of square feet.”
The advertised and legal subdivision data for this article was provided by Bright MLS.
See other articles related to: price per square foot dc
This article originally published at https://dc.urbanturf.com/articles/blog/north-of-700-the-highest-prices-per-square-foot-in-dc/14240.
Most Popular... This Week • Last 30 Days • Ever
Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »
There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »
A recent build in Anacostia made history as the first code-compliant bamboo building ... read »
The recently-filed amendment would help move redevelopment of a police and fire stati... read »
Even as the residential development pipeline along 14th Street dwindles, there are st... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
Post Brothers has plans in the works to convert the Universal buildings into a sprawl... read »
The two-building project will include approximately 825 residential units, 151 lodgin... read »
The M Street building was built in the early 1980s.... 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 »
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