In a year when home prices seemed to regularly be on the rise, UrbanTurf is taking its bi-annual look at the neighborhoods across the city that have seen the highest home price appreciation during the year.
In the table below, we outline the eight DC neighborhoods that have seen the largest increase in home values so far in 2021. In order to qualify for the list, a neighborhood had to record at least 30 sales so far in 2021. UrbanTurf used advertised subdivision statistics from Bright MLS to compile the list.
The two neighborhoods leading the way are actually quite close to one another. Observatory Circle, home to the vice president's residence, saw prices shoot up thanks to a rise in condo and co-op values. Georgetown saw both sales and prices increase significantly, led by townhomes with 4+ bedrooms.
Congress Heights, a perennial inclusion on this list in recent years, saw prices rise 30%, and then there were a smattering of neighborhoods, from Michigan Park to Chevy Chase, where values increased around 20%.
This article originally published at http://dc.urbanturf.com/articles/blog/the-8-dc-neighborhoods-with-the-highest-home-price-appreciation-in-2021/18804
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The seven-bedroom home hit the market on Friday and was under contract by Sunday.... read »
This year will likely go down as the year that prices for houses in DC reached new he... read »
Dubbed OZMA, the 13-story project will include roughly 7,900 square feet of ground fl... read »
A previous proposal for the site shared last year would have delivered 83 units and s... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The 12,000 square foot replica of 1600 Pennsylvania Avenue went under contract last w... 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