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Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2019 8
 
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 Capital One Arena.
Shaw is blooming overnight, with residential construction and renovations completely changing this neighborhood.
 
Activity in August shows us a $762,000 Sold price, a huge jump from last month. We compare this to the prior five year average of $660,790 so a good bit higher than the average sold price. 
The average home was sold in 18 days.  The 5 year average is 31 days.  This a few days higher than last month, though a drop from the 5 year average indicating a fast market. Inventory is not keeping up with demand.
The ratio of sold price to original list price is stable at 98.7%, a tiny bit of wiggle room for buyers compared to the 99.7% average for the prior 5 years.   Sellers are enjoying an advantage to their buyers.  This still remains a wonderful neigborhood to call home.
This neighborhood bears little resemblance to that of even a decade ago, even as it struggles to ... more

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