Market Report - 20002 - Washington, DC (Capitol Hill North) 2018 04

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Real Estate Agent with Real Living | At Home DC / MD / VA

Union StationCapitol Hill is also a neighborhood in Washington, a big village, 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 north side, an iconic landmark is Union Station, of which 60,000 use daily, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge.

As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst.

This view shows the station as you drive up in a cab, or Bikeshare or walk from Capitol Hill on left.

 

This month, 102 homes were sold in April 2018, while the average for the prior five years is 82, which continues to show upward movement. As supply continues to come online, we would potentially expect some price adjustments to balance out.

Currently 129 homes are on the market, whereas the April average for the prior 5 years is 112, we are seeing a few more homes than average, and as we move further into spring, that usually means more homes for buyers.

We are at 1.6 Months of Supply, this is a touch higher than average, with 1.4 months of supply in the prior 5 years.  I will expect this number, as well as sales overall to move up in the next several years. Numbers are up a bit from earlier in the year giving those buyers who are looking to buy a home in this neighborhood a bit more choice.

This market stayed the course with no slowdown as we continue to have decent sales with a $680,750 Sold price which is above the the 5 year average of $594,900.  Healthy growth continues, but this zip includes emerging areas as well; which helps to stablize and modulate price increases.

home was sold in 9 days in April vs. looking at the 5 year average being 10 days. Pricing is still stable with the ratio of sold price to original list price maintaining at 100%, the average for the prior 5 years is 100%.  Respectable and consistent with adjoinging neighborhoods.

This neighborhood comprises several subneighborhoods, from the brand new NOMA construction, to Trinidad and Union Market (itself a new mecca) and trendy H Street. As well as the tried and true, Capitol Hill and Union Station. I would also point out that in the Redfin 2014 Most Competitive Neighborhoods, the NOMA sub-neighborhoods in 20002 which made their list.  NOMA is 12th most competitive and Capitol Hill core is itself the 16th most competitive neighborhood.  This would show that NOMA was the highest competitive of all in the entire metro Washington, DC area.

(data from getsmartcharts; photo from Amtrak)

Posted by

Claude Labbe, Realty for Your Busy Life

Real Living | At Home
11 Dupont Circle #650
Washington, DC 20036
(202) 518-8781 bus / (703) 868-7774 mobile
claude@labbe.com

 

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District of Columbia District of Columbia County Washington Capitol Hill North
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2018 Market Reports
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