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The DC Neighborhoods With the Best Price Appreciation in 2017

by UrbanTurf Staff

The DC Neighborhoods With the Best Price Appreciation in 2017: Figure 1
A home for sale in Crestwood.

As the middle of the summer housing market approaches, UrbanTurf is taking its bi-annual look at the neighborhoods across the city that have seen the highest price appreciation this year.

In the table below, we outline the six neighborhoods in the city that have seen the largest increase in home values so far in 2017. In order to qualify for the list, a neighborhood had to record at least 20 sales this year. UrbanTurf used legal subdivision statistics from RealEstate Business Intelligence to compile the list.

The DC Neighborhoods With the Best Price Appreciation in 2017: Figure 2

The two neighborhoods leading the way are on opposite sides of the city’s northwest quadrant. Glover Park saw a 46 percent increase in prices between 2016 and 2017 while Crestwood, a neighborhood along 16th Street NW, has seen prices rise 41%. Rounding out the top five are LeDroit Park, Hillcrest and Adams Morgan.

For comparison purposes, here are the neighborhoods with the highest price appreciation between 2015 and 2016:

The DC Neighborhoods With the Best Price Appreciation in 2017: Figure 3
Click to enlarge.

This article originally published at http://dc.urbanturf.com/articles/blog/the_dc_neighborhoods_with_the_best_price_appreciation_in_2017/12765

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