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Market Report - 20003 - Washington, DC (Capitol Hill South) 2018 08
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 had this summer's All Star game, which would show the hotel & commercial construction wasn't quite ready, still plenty of cranes currently in operation. When done, it will be a 'new' city.
A strong jump from last month, we continue to see decent sales numbers, as evidenced by the average $875,000 sold price in August 2018. Plus an increase over the five year average of solds at $736,180.
This August is average, with the most homes being sold in 12 days which is right at the 5 year average of 14. This market is fast.
The ratio of sold price to original list price is 99.9%, the average for the prior 5 years was 99.5%, sellers are enjoying a bold market while buyers are having to bring ... more
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