The latest Washington Post column from our CEO, David Charron, used RBI data to determine which parts of the city were hot markets for attached homes—both condos and townhouses. The three neighborhoods of Dupont Circle/Adams Morgan, Columbia Heights, and Capitol Hill (naturally) are standing head and shoulders above the rest of the city in how quickly they find buyers, how far above asking price they sell for, and how many listings came to market during the early spring (David chose March as the comparison month since that is when inventory is usually at its highest). Even those these three different neighborhoods have entirely distinct flavors from one another they are some of the most competitive areas to buy a home. Go here to read the full article that gives details for each neighborhood.
We definitely want to know what our readers are seeing at the front lines of all this? Does anyone out there have a sense of which of these three neighborhoods could be considered the hottest of them all? Columbia Heights does have the highest ratio of sales that go for over the asking price. But then again, that neighborhood is generally more affordable than the other two. What do you guys think?