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Market Report - 20003 - Washington, DC (Capitol Hill South) 2018 04
Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC. Politicians work here, but people live here also. On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood. The Navy Yard has very good Metro access, and is also home to a newer iconic landmark, (Washington baseball) Nationals Park. Plus more housing & commercial than the locals can believe. We will be hosting this summer's All Star game, which should continue the hotel & commercial construction within the next several months, beyond all the cranes currently in operation. We continue to see strong sales numbers, such as the average $780,000 sold price in April 2018, this number is higher than the five year average of solds at $664,410 and a jump from the last month. This April market has sped up, with the average home being sold in 6 days which is near the 5 year average of 7. This market is fast. The ratio of sold price to original list price is 101.2%, the average for the prior 5 years was 100.2%, that slight whiff of sellers overreaching with their initial asking prices just ... more
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