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Market Report - 20001 - Washington, DC NW (Logan-PennQtr-Shaw) 2016 06
 
This is the neigborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.
Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.
Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Verizon Center.
Shaw is blooming overnight, with residential construction and renovations completely changing this neighborhood.
 
Activity in June shows us a $630,000 Sold price, which speaks to the upward pressure, and is expected to continue. We compare this to the prior five year average of $542,780.
All indicators suggest that the market is brisk, with the average home being sold in 10 days.  The 5 year average is 10 days.  This number is lower than the 5 year average, and may move lower yet as we move into summer, which yes, is possible.
The ratio of sold price to original list price increased to 100%, the average for the prior 5 years was a touch lower at 99.9%.   Sales continue to be brisk, as this neigbohood is popular.
(data from getsmartcharts; photo from www.YourBusyLife.com)
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