This is a new series that will feature the latest in Hill home value changes straight from a Hill expert real estate agent. Jason Martin is one of the founding partners of Keller Williams Capital Properties and the principal at the Jason Martin Group. You may contact Jason at 202-641-0299.
These numbers are staggering. If you had any doubts that Capitol Hill is one of the best real estate markets in the country these numbers will set you straight.
The volume, average sold price, median sold price and units sold are up dramatically in both the 20002 and 20003 zip codes. The numbers below compare May 2012 to May 2013 in each zip code, but comparing the current statistics from these zips to city at large is also telling.
Just look at the average days on market – below 30 for both 20002 and 20003 – which sits at 38 days for the city. Even the sheer volume is impressive. The 134 sales in the two zips represent 17.5% of all closed sales in DC.
worth noting that a HUGE part of 20002 is not located on the hill, and those averages are being brought up by the rapid increase in values in Trinidad, Eckington, etc.