Inside the home that sold in Massachusetts Avenue Heights this year.
Over the last several weeks, UrbanTurf has looked at the neighborhoods in DC where homes have been selling the fastest and for above listing price. Today, we look at the areas with the highest prices.
Using segmented data from RealEstate Business Intelligence, we look at the DC neighborhoods where the median sales price for homes is $1 million or higher.
There are five DC neighborhoods where the median sales price for homes exceeds $1 million. The most expensive neighborhood so far in 2015 is Massachusetts Avenue Heights, to the west of the Naval Observatory, but that comes thanks to one sale for $5.6 million. However, that doesn’t mean that the neighborhood isn’t home to some of DC’s most expensive residences: last year, Massachusetts Avenue Heights had the highest median sales price at $1.847 million.
Coming in behind Massachusetts Avenue Heights are Spring Valley and Berkley, where the median home price exceeds $1.43 million. Rounding out the list are Georgetown and Kent. Chevy Chase barely misses the $1 million club with a median sales price of $980,000 so far this year.
In Mass Ave Heights and Berkley, the median sales price falls below the median list price — not surprising when you are dealing with homes this expensive.
This article originally published at https://dc.urbanturf.com/articles/blog/the_5_dc_neighborhoods_where_homes_will_cost_you_1_million_and_above/10069.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we look into the question of how to determine ... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Here's what you need to know about reporting profit made from the sale of your home.... read »
A Roth IRA is one of those accounts that people feel is totally off limits until you ... read »
The latest edition of What $1.5 Million Buys includes a Falls Chuch home reminiscent ... 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 »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
When sellers haven't quite lined up their next house before their settlement date com... read »
In this edition of First Timer Primer, we take a closer look at what you are actually... 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