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.
Posh Washington: Georgetown Market Update
11 comments • Patricia Kennedy • July 29 2009 10:04AM|
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