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Washington DC’s most expensive neighborhoods

Looking at several of Washington DC’s upscale neighborhoods, one will realize that each of them has their own distinct edge. That’s why it is of little surprise that these communities can afford the higher-than-average price tags they set on homes for salehere. Let’s take a look at some of these Washington DC neighborhoods:

Chevy Chase

The Business Insider lists Chevy Chase as one of 10 hottest neighborhoods in America with a median sales price of $1,060,000. Despite the steep price tag, 53.7% of these homes got sold at figures higher than what was listed.

Chevy Chase is a perfect respite from the hustle and bustle of the DC commercial and business districts. This locale has the reputation of being upscale and distinguished, frequently topping various “Best Places to Live” lists. Although the neighborhood offers a few rising condominiums, it still ismostly composed oflarge mid-centurybrick and clapboardsingle-family homes.

The neighborhood is home to Rock Creek, Lafayette, and Livingston parks. In these open spaces, you can find tennis courts, equestrian trails and stables, playgrounds, and playing fields. But what is most remarkable is the majestic assortment of flora and fauna that will momentarily make you forget you are in the heart of DC.

Spring Valley

Spring Valley, although not as well-known as Chevy Chase, is still considered one of the most prestigious neighborhoods in DC. It is located at the far western edge of the District. March figures from DC real estate news authorityUrbanTurf sets the median selling price for homes in this neighborhood at $2,400,000.

Spring Valley’s streets arelined with large oak trees and generously sized homes characterized by gabled roofs and elaborate masonry. On top ofthe great scenery, the neighborhood also has several perksthat it enjoys from an Olympic-sized pool to a well-stocked library, thankstothe American Universitynearby.

Georgetown

Close to the White House and the Kennedy Center along the Potomac River,Georgetown is known as Washington DC’s oldest neighborhood. The grandeur of its historical heritage shows in the number of Federal houses and Georgian mansions still standing there. It has also gained popularity as a shopping district with exceptional restaurants but the area still has retained its vintage chic vibe.

 

Penn Quarter

Penn Quarter is an urban neighborhood northwest of Washington DC, designed to integrate residential and commercial development. The community is now home to a variety of residential buildings, upscale restaurants, theaters, and a number of government agencies like the FBI. Home to the Verizon Center, thousands of visitors now come to the neighborhood several times a week for sports events and other attractions.

The median selling price for homes in Penn Quarter is on the uptrend after laggard sales at the start of the 2019. May figures on Trulia register at $510,545 from April’s $451,500.

Capitol Hill

Thispolitical center of the nation’s capital and home to the Capitol, Supreme Court and Library of Congress, is also a pricey area to call home. The median selling price for homes here registered at $780,000 as of May 2019 on Trulia – a 1% increase from last year’s $770,000.

Capitol Hill is reknowned for its rowhouses, but also offers a mix of   condominiums, apartment buildings and an occasional detached home. Several public open spaces are scattered all over the area. Capitol Hill is also known for its commercial corridors and the Eastern Market, a bustling market for premier local produce and artworks, housed in a 19th-century brick building.

Planning to move to DC? Heller Coley Reed has the experience and expertise to help you navigate the area’s diverse real estate market.Give the team a call at 240.800.5155 or email them at hellercoleyreed(at)gmail(dotted)com so they can help in getting you started on your real estate journey.