on Wednesday, May 24th, 2017 at 10:43am.
Real estate trends in Petworth, including home prices, architecture and walkability.
Petworth real estate is trending upwards. Trends are showing a large increase of around $35,000, or five percent. Price per square foot of homes fell to $450, down just nine dollars. One bedroom homes will cost around $336,000 and larger four bedroom properties are trending at around $760,000.
First-time home buyers are attracted to Petworth, as it tends to skew younger residents, with the median age being 37. Its median income is around $56,000 with condos and townhomes making up about 33 percent of the neighborhood.
One bedroom condos and co-ops are growing in this vibrant neighborhood. There’s been a gradual increase of about 29 percent. Condos with one bedroom were going for $304,000 in 2016.
According to The Washington Post, walkable neighborhoods are still very hot in D.C. and Petworth is one of them. Urbanization is a hot term in the D.C. area, with young families staying in the city longer and older individuals moving back into the city, opting for walkable neighborhoods.
The New York Times referred to Petworth as “a place of porches.” The article mentions residential buildings that recently popped up, like the Swift Petworth, that has a Safeway underneath it as its base. There’s also an eclectic mix of retail and restaurants, including “the block,” a booming section of Upshur St. between 8th and 9th Streets with Japanese and Latin restaurants, clothing shops and more.
Petworth is changing day to day, and recent developments and housing have proved to be quite exciting for the area.
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Great opportunity to purchase an old farm style house with an adjoining lot for a total of 4441 sq ft of land with driveway access off of 8th Street and literally 1/2 block to the metro! Initial plans for 3 twnhse style condos buildings with 2 1800+ sq ft duplexes in each building for a total of 6 units! Call me with questions and or details
Seize the opportunity to customize the restoration of this 16th Street Heights beauty before its completion! Currently projected to deliver in Fall 2019, this detached single family renovation project by Westside Development Companies will expand the current property to over 4,200 square feet across four levels, and includes a detached 2-car garage. The project is located on a south-facing 4,000 square foot lot and will feature premium Bosch
BE THE FIRST! GORGEOUS! Beatufully renovated farmhouse with open floor plan. it's over 3000 sq ft. Gourmet kitchen, luxury master suite with balcony. Separate entrance to basement with kitchen and laundry in lower level. Private secured parking in rear of property. 5 bedrooms 4 and half baths.Designer touches throughout.
An urban oasis situated in the heart of Park View. This stunning residence is anything but ordinary, offering refinement and sophistication with functional practicality. No stone was left unturned by this masterpiece, which was cultivated by the brain trust collaboration of DAKS & WOD Development. Upon entering Unit B you know that you have ~arrived~! This is more than a home, it is a representation of style, thoughtful design and grand
An urban oasis situated in the heart of Park View. This stunning residence is anything but ordinary, offering refinement and sophistication with functional practicality. No stone was left unturned by this masterpiece, which was cultivated by the brain trust collaboration of DAKS & WOD Development. Upon entering Unit A you know that you have ~arrived~! This is more than a home, it is a representation of style, thoughtful design and grand
Come and enjoy this newly renovated home in Colombia Heights. This stunning 3 Beds/2.5 Bath house has plenty of room for everyone to enjoy. The lower level unit consists of 2 Beds with 2 Baths. This is fabulous and could be used to produce income that can cover a portion of the mortgage! Enough said book a viewing today!
Uniquely designed as an open space concept, 5 bedrooms 4.5 bath, charming front porch and three decks makes outdoor living perfect, the closets on the entire house are to die for. Designer was able to put together the perfect combination of a highly efficient kitchen with all the storage you could dream of and an entertainment space, with white quartz counter tops throughout, you will find a neat Touchless Moen sink Faucet, just wave your
OPEN HOUSE SUN 2-4PM - Phenomenal Penthouse just 1 block to metro in Petworth. Built in 1909 just as the new Petworth neighborhood began to develop, this stately Victorian now sits just a block~s walk to the Green/Yellow Line Metro. Set on a massive corner lot, there are windows on all sides that overlook the yard and grounds. This Penthouse unit has a distinct layout and private entrance. All the lighting fixtures and recessed lights are
OPEN HOUSE SUN 2-4PM - Rare opportunity to own such an iconic home. Built in 1909, just as the new Petworth neighborhood began to develop, this stately Victorian now sits just a block~s walk to the Green/Yellow Line Metro. Set on a massive corner lot, there are windows on all sides that overlook the yard and grounds. Distinct layout and private entrance. All the lighting fixtures and recessed lights are high efficiency and LED powered. Modern
comingsoon newly renovatd Wardman federal style porchfront in the middle of an exciting part of DC. An in-law suite , off street parking, very easy to live in this home. open floor plan, parking pad w/retractable gate and remote. garden area in the rear and display garden in the front.
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Listing information last updated on May 24th, 2019 at 5:15am EDT.
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