A home for sale in Berkley.
Last year, UrbanTurf looked at the DC area zip codes with the most expensive homes for sale in the region. This year, with the benefit of RealEstate Business Intelligence’s newly-segmented data, we’re taking a different approach, by looking at the DC neighborhoods where the median sales price for homes is $1 million or higher.
The most expensive neighborhood so far in 2014 is Massachusetts Avenue Heights, to the west of the Naval Observatory, where the median sales price this year is $1.847 million. Unsurprisingly, it is also the DC neighborhood where homes take the longest to sell (61 days on average).
Coming in behind Massachusetts Avenue Heights are Spring Valley and Berkley, where the median home price exceeds $1.45 million. Rounding out the list are Georgetown, Kent and Hawthorne, the latter a small neighborhood that abuts Oregon Avenue in the far northwest section of the city.
For every neighborhood, except Kent, the median sales price falls below the median list price, which is not surprising when you are dealing with homes this expensive. In Kent, however, homes are not only selling for above their asking price this year, but are also selling in about a week.
This article originally published at http://dc.urbanturf.com/articles/blog/the_six_dc_neighborhoods_where_homes_will_cost_you_1_million_and_above/8861
Most Popular... This Week • Last 30 Days • Ever
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
The latest installment of Above Asking revisits two recently-featured listings in the... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... 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 yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... 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