Washington D.C.'s Hottest Neighborhood

The District remains one of the healthiest housing markets in the Washington region, and within D.C. itself, Capitol Hill NE showed the most improvement last month. Data from Long & Foster Real Estate Inc. shows the median sales price in Capitol Hill NE in September was $429,500, a hefty 57 percent jump over median sales prices a year ago.

The median price was based on 54 sales in Capitol Hill NE last month. Districtwide, the median price in September was $419,500, up 10 percent from a year earlier.

The Chevy Chase neighborhood in D.C. had the highest median sales price last month, at $820,000, based on 11 closed sales.

Houses sold the fastest in Columbia Heights, with the average closed sale last month on the market for just 14 days. Many sellers in Columbia Heights are also now getting more than asking price, with the median sale at 102.3 percent of ask.

Anacostia remains the District's slowest market, with houses that sold last month for sale an average of 86 days.

Sellers in the District as a whole are getting close to what they're asking, with the average list to sale last month at 97.7 percent.

Potential buyers also have less to choose from, with the number of residential listings in D.C. down 40 percent from September 2011.

Source: Jeff Clabaugh Broadcast/Web Reporter - Washington Business Journal

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