Above $640: Logan Circle, West End Have Highest Price Per Square Foot in DC

  • June 25, 2014

by UrbanTurf Staff

Above $640: Logan Circle, West End Have Highest Price Per Square Foot in DC: Figure 1
This Church Street condo sold for $798 a square foot.

If you bought a home this year in parts of Logan Circle or West End, you may have paid the highest premium for square footage in the city.

On Wednesday, RealEstate Business Intelligence (RBI) launched an expanded set of housing analytics called SmartCharts. Perhaps the best new feature (from UrbanTurf’s perspective) is that the site now offers about three times more housing statistics to its RBI Expert clients, including price per square foot metrics on a zip code level.

As the table below reveals, the DC zip codes that encompass portions of Logan Circle, Foggy Bottom, West End and Georgetown all had a median price per square foot (for properties sold in 2014) of north of $620. The 20007 zip code led the way at $697 a square foot, and 20005 followed behind at $645. During the same period in 2013, those dollar figures were $629 and $569 respectively.

When comparing year-to-date statistics in 2014 with last year, seven DC zip codes showed double-digit price per square foot increases; the 20024 zip code, which includes portions of Southwest Waterfront, led the way with a 20 percent increase. Of the 22 zip codes above, only two saw a decline in price per square foot between 2013 and 2014 — 20036 and 20008.

This article originally published at http://dc.urbanturf.com/articles/blog/over_640_logan_circle_west_end_have_highest_price_per_square_foot_in_dc/8661

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