Washington DC neighborhoods are seeing healthy increases in home values
Most Washington DC neighborhoods are seeing healthy inclines in average home values, but five trending Washington DC neighborhoods really stand above the rest. Evaluated as having some of the lowest average days on the market, highest average price per square feet, and highest bids received above asking prices, these five Washington DC trending neighborhoods are on the fast-track for future growth potential.
These 5 Neighborhoods Stand Out Above the Rest
Wakefield –A triangular section of town between Albemarle Street NW, Nebraska Avenue NW, and Connecticut Avenue, Wakefield offers beautiful facades and comfortable living spaces. While Wakefield saw the highest appreciation and least time on the market for 2015, prices are still affordable in comparison to downtown. With a recent emphasis on real estate development and close proximity to public schools and commerce, Wakefield appeals to the entire spectrum of buyer.
Kalorama – Offering many picturesque views of the Virginia skyline, Kalorama’s extraordinary combination of sunny interiors and traditional exteriors make it one of the most sought after neighborhoods in Washington DC. Just off DuPont Circle in the Northwest quadrant of Washington DC, Kalorama is highly accessible by public transit. According to the Washington Post, Kalorama’s average sale price has grown just under 42% from 2014 to 2015.
Congress Heights – As more and more families move away from the city center, neighborhoods like Congress Heights benefit. Featuring a robust market of affordable single family dwellings and condos, Congress Heights is conveniently located by St. Elizabeth’s Hospital and is served by the Congress Heights metro station. The neighborhood’s public school have recently been rebuilt and offer great flexibility for commuting dual-income households.
Fort Lincoln – Framed by Bladensburg Road NE to the northwest and New York Ave NE to the south, Fort Lincoln is conveniently located by major retailers and interstate roadways. Considered by many as “chic city living” Fort Lincoln is an example of 1960’s and 1970’s “New Town” development with contemporary remodeling. Floor plans are spacious offering outdoor living spaces such as decks, patios, and balconies.
Anacostia – At the intersection of Good Hope Road and Martin Luther King, Jr. Avenue you will find the historical Anacostia district. An up-and-coming neighborhood filled with future growth potential, Anacostia offers beautifully renovated homes at excellent price points. Focused on social events like the Martin Luther King Birthday Parade and summer jazz concerts, Anacostia has benefited greatly from non-profit enterprises and outreach. Offering a mix of townhomes, apartments, and condos, Anacostia is packed with traditional charm and renovated open floor plans.
Demand for Properties East of the River is Evolving and Growing
An overall demand for properties east of the river is evolving and taking focus away from the usual central neighborhoods and upscale neighborhoods in the northwest. Washington DC’s real estate market is known for bubbles created by bidding wars, but recent data shows and overall move toward exterior neighborhoods supported by competitive prices and a thriving Washington DC real estate market.
Contact Gene Mock, Associate Broker, Premier Team, Keller Williams Realty 703-342-8100
for all your real estate needs in Northern Virginia, Metro Maryland & Washington, DC