Everyone knows that Capitol Hill is experiencing an amazing comeback. The proximity of the Hill to the new Amazon HQ is putting a ton of pressure on rentals and homes. Our personal perspective is that the hill has seen about a 10% increase in prices from last year. Well let’s test that concept.
Looks like the condo market is hot hot hot. Single family homes on the Hill have a slower appreciation due to the price point. Typically the above $700K price point moves up slower due to the fewer number of buyers. Townhouses seem to be having an amazing year.
Looking at the year overall the Divas have personally seen the average 1 bedroom co-op go for $180-200K in 2012 to $225-275K in the last six months.