Pat Kennedy - Your Washington, DC Real Estate Connection

head_left_image

Posh Washington: Georgetown Market Update

Posh Washington:  Georgetown Market Update

For many decades, Georgetown has been a favorite Washington neighborhood for many of the politicians, journalists, lawyers, and all the other charachters who make life in this city so interesting.   So when I meet new buyers who are relocating here to DC, this historic place is often at the top of their list.

Houses in Georgetown come in all shapes, sizes and price points.  Right now, they range from a low of $644,900 for a little 2-bedroom near the old C&O Canal to a high of $39,500,000 for a magnificent 9-bedroom mansion on a 3.5 acre estate.  Of course, it’s the rich choices in between that will be of interest to most buyers. 

Currently, there are 67 homes to choose from.  You may click here for a complete list, most with virtual tours, of homes that are now on the market.

During the first six months of this year, Georgetown bucked the national trends.  In most parts of the country, more houses are selling for less money.  In Georgetown, there were fewer sales with higher average and median sales prices.

                               2008                2009   
Number Sold               54                    49
Average List Price   $1,621,544     $1,733,714
Average Sold Price  $1,553,575     $1,610,552
Median List Price    $1,395,000     $1,395,000
Median Sold Price   $1,300,000     $1,312,000

This is one more example of how, in real estate, everything is local!

If you are interested in getting more information about this historic Washington neighborhood, call me at 202-549-5167 or drop me an email at housepat@mac.com.

Comment balloon 11 commentsPatricia Kennedy • July 29 2009 10:04AM
Posh Washington: Georgetown Market Update
share
Posh Washington: Georgetown Market Update For many decades, Georgetown has been a favorite Washington neighborhood for many of the politicians, journalists, lawyers, and all the other charachters who make life in this city so interesting. So when… more
What is ActiveRain?
share
When friends and colleagues ask this question, this is a great post to show them! Intermixed with the daily struggle of running a company that is grasping for revenues, in what seems like a never ending attempt to bridge that last little gap to… more
Horse Heaven in Silver Spring
share
Since I first put together my "Bucket List", learning to ride a horse was close to the top of the list. I've been riding lots of time, but somehow whenever I did, the horse was in charge. So I recently started to check out stables, and,… more
What? No Takers For The Watergate Hotel?
share
I have some fond memories of the old Watergate Hotel, notably the second most romantic dinner of my entire life at Jean-Louis’ Restaurant. So a few years ago when this Washington landmark was about to become condominiums, I did sort of think about… more
A Home Inspection Surprise - And It Was A Nice Surprise
share
One thing that has always made me feel a little pit in my stomach is anticipating a home inspection with an inspector I don’t know. It may even be worse than anticipating one with an inspector I do know who is a little goofy. Today’s inspection is… more
Dear ActiveRain, My Daddy Says You Are Awesome, Will You Help me Out?
share
If you want to see something really adorable, click the link - and you'll feel totally compelled to cast a vote for the beautiful Isabelle! Dear ActiveRain, My Daddy, says that the members on this network are awesome & are the best people… more
Selling a Blog Buddie's Listing!
share
Last week, I got a call from some clients who were on vacation. They were going to be back Saturday evening and had a house they wanted to see on Sunday morning. OK, I can do that! When I checked the MRIS information and showing… more
Patience: A Virtue I Try In Vain To Practice.
share
My stomach is in a huge knot. My favorite buyers are at the gym distracting themselves by lifting weights, and I'm going to guess that they are using the really heavy ones. Why? Because we have spent the past 36 hours in that awful… more
Remembering Walter Cronkite
share
Back in the 1960's, whenever there was something important or alarming or just plain scary going on in the world, my father would always wait until the CBS Evening News came on to see what Walter Cronkite had to say about it. And somehow, I got… more
My Fun New Book Group!
share
Last night was our first meeting. On many Friday nights, my neighbors and I get together at my neighbor, Jean's, house for a meeting of the Webster Street Cocktail Club. But last night, we did something different, turning it into a book… more