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Market Report - 20003 - Washington, DC (Capitol Hill South) 2019 6
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 baseball's Nationals Park. This neighborhood has also become the 'it' neigborhood, growing faster than any other in the past year. All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people. It certainly fees like a 'new' city.
We see pricing holding steady from the previous month, with an average $770,000 sold price in June 2019. We see a slight increase over the five year average of solds at $730,900.
For the month of June, most homes were sold in 15 days, a few days more than the last month. A little lower than 5 year June average of 23.
The ratio of sold price to original list price is 100%, the average for the prior 5 years was 100.2%, no breathing room at all for buyers.
Parts of this neighborhood remains quintessentially Washington, and parts are clearly 'new' ... more
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