North of $700: The Highest Prices Per Square Foot in DC
The neighborhoods in DC with the highest real estate prices per square foot in 2020 are all concentrated in the NW quadrant of the city.
Leading the way with a median price per square foot of $766 is Georgetown. Coming in second at $734 a square foot is West End, and the following neighborhoods all have a price per square foot above $700: U Street Corridor ($721), Dupont Circle ($703) and Logan Circle ($700)
story continues below
loading...story continues above
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 subdivision data for this article was provided by MarketStats by ShowingTime.
Photo courtesy of HomeVisit.
See other articles related to: price per square foot dc, square footage
This article originally published at https://dc.urbanturf.com/articles/blog/north-of-700-the-highest-prices-per-square-foot-in-dc/17156.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- The 4 Projects In The Works Near DC's Starburst Intersection
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
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