Georgetown Real Estate | DC
Real Estate Statistics
| Average Price | $2.3M |
|---|---|
| Lowest Price | $11K |
| Highest Price | $12.5M |
| Total Listings | 94 |
| Avg. Days On Market | 88 |
| Avg. Price/SQFT | $858 |
Property Types (active listings)
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BERKLEY | BURLEITH | CATHEDRAL HEIGHTS | CLARENDON | COURTHOUSE | DUPONT CIRCLE | FOGGY BOTTOM | FOXHALL VILLAGE | GLOVER PARK | KALORAMA | KENT | PALISADES | ROSSLYN | SPRING VALLEY | WESLEY HEIGHTS | WEST END
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Georgetown Features & Amenities
Since its inception the neighborhood has served as a social and economic hub and been a home to many popular restaurants, bars, and shops. The majority of commerce in Georgetown is focused around M St NW. The 8-block strip between the Key Bridge and Rock Creek Park houses a huge variety of upscale bars, restaurants, and shops, as well as some beautiful hotels and museums. The commercial corridor also flows north along Wisconsin Ave NW all the way to a neighborhood named Glover Park. If you’re looking to dine out at a classic Georgetown restaurant, we recommend 1789 for its upscale traditional American fare and Farmers & Fishers for their waterfront dining and menu from locally-sourced sustainable agriculture. Such institutions as Dean & Deluca, Jack Spade, Urban Outfitters, the Apple Store, Barney’s Co-op, and Massimo Dutti attract shoppers. If you want to get away from the bustle of the area, several parks surround Georgetown, including Dumbarton Oaks Park, Rock Creek Park, Foundry Branch Valley Park, and Georgetown Waterfront Park. Georgetown also represents one end of the Capital Crescent Trail, which runs along the old Chesapeake and Ohio Canal and ends up in Silver Spring, Maryland.
Georgetown History
Georgetown is one of the most storied and iconic neighborhoods in all of Washington DC. It got its start as a shipping port with a prime location along the Potomac River in Maryland before the District of Columbia was conceived. At the time it was first settled in 1632, it was the furthest inland that ocean-faring boats could travel along the river. Historians differ on whether the area was named after King George II of England or after founders George Gordon and George Beall. Old-time Georgetown evokes images of fancily dressed settlers wandering gas-lit cobblestone streets.
A stroll through its historic streets is bound to reward you with up close and personal encounters with people and places of cultural significance. The Old Stone House on M St NW, dating back to 1765, is the oldest unchanged house in the District. Former and current residents include Thomas Jefferson, Francis Scott Key, Alexander Graham Bell, John F. Kennedy, John Kerry, Bob Woodward, and Madeleine Albright.
Georgetown Property Values
In modern day Georgetown, nearly all the cobblestone streets and gas lamps are gone, yet much of the original charm and grandeur remain. If you’re interested in seeing what Georgetown looked like a century ago, check out P St NW or O St NW west of Wisconsin Ave NW, where the old cobblestones and streetcar tracks have been restored to their original grandeur. Real estate in Georgetown is some of the most expensive in the city. It is dominated by Federalist-style architecture of brick & frame rowhouses, with a few condominium options. A friendly rivalry has existed for decades between the East Village and the West Village, which are split by Wisconsin Ave NW. Georgetown University sits on the neighborhood’s western edge and for many years the West Village was known to be more popular with the college crowd. Along with nearby George Washington University, nearly 37,000 students are in the vicinity of the neighborhood each year. Today the West Village and East Village have a very similar look and feel. If you’re looking for a walkable neighborhood with charm, sophistication, and culture, Georgetown is tough to match.
Georgetown Transportation & Location
The neighborhood has no Metro stop, something that has been a hot topic for years. However, there are three Metro stations within walking distance of Georgetown, including Rosslyn and Foggy Bottom-GWU on the Blue, Orange, and Silver Lines and Dupont Circle on the Red. Two Circulator bus routes, Rosslyn-Georgetown-Dupont and Georgetown-Union Station, help connect the neighborhood to these Metro stops and the District beyond them. There are also several Metrobus lines that run through Georgetown. While parking in the neighborhood might be as tough as anywhere in the city, the Key Bridge to I-66 West and the George Washington Memorial Parkway, Canal Rd NW, and Wisconsin Ave NW all provide good routes out of the city. Whitehurst Frwy NW and the Key Bridge (to I-66 East) offer good options for driving into downtown DC.
Georgetown is located in Northwest DC, and its borders are Rock Creek to the east, the Potomac River to the south, Georgetown University and 37th St NW to the west, and Whitehaven Pkwy NW, Dumbarton Oaks Park, and Rock Creek to the north.
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