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$528 Per Square Foot: The Virginia Zip Codes Where Space Comes at a Premium

by Lark Turner

$528 Per Square Foot: The Virginia Zip Codes Where Space Comes at a Premium: Figure 1
A luxury condo on the market in 22209 for $668/square foot.

Home buyers on the hunt for a place in the Clarendon and Lyon Park neighborhoods will be paying a premium for square footage, according to recent data.

Over the last few weeks, UrbanTurf has looked at the zip codes in DC proper and Maryland where the premium for square footage was the highest in 2013. In the last part of the series, we examine the priciest zip codes in Virginia.

$528 Per Square Foot: The Virginia Zip Codes Where Space Comes at a Premium: Figure 2
Note: Only a sampling of neighborhoods are included for each zip code.

The five zip codes above posted the highest average price per square foot sales in Virginia last year. The table also shows the number of sales in each zip code and the average list price of homes. The final column looks at whether home prices in the neighborhood went up or down since 2012.

The zip codes represent almost every Virginia neighborhood within a few miles of DC. The 22201 zip code is at the top of the list ($528/square foot) followed by the zip codes that include Cherrydale ($505), Westover ($503) and Del Ray, where home prices jumped 16.3 percent between 2012 and 2013.

It is important to note that for this article we were provided with average rather than median prices per square foot, so the figures could include outliers on either end of the market that sway the average.

RealEstate Business Intelligence provided UrbanTurf with the data for this article.

This article originally published at https://dc.urbanturf.com/articles/blog/paying_a_premium_the_highest_prices_per_square_foot_in_virginia/8037

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