Home prices are on the rise in certain neighborhoods, especially when it comes to Logan Circle. In fact, it’s said that home prices in Logan Circle have skyrocketed in recent years as the neighborhood continues to attract new residents.
The secret is definitely out as more and more people come to experience all that the neighborhood has to offer. Amazon’s new HQ2 is helping drive some of the demand for the region.
Logan Circle recently ranked extremely high on the list of the fastest rising home prices in the metro DC area. The H Street Corridor also finished strong.
Analysts looked at high demand when comparing the increase in the median sales price this year compared to last year. They also looked at the decrease in the median number of days homes sat on the market and the increase in the square footage price of a home.
The appeal of a hot neighborhood for many buyers is a place where you can walk right outside and be everywhere you want to go in just minutes. You’ll find grocery stores, gyms, coffee shops and specialty shops just a short stroll away from many of the residences of Logan Circle. The neighborhood also boats an appealing arts scene and available nightlife.
Walkability is high on the list for many buyers right now. It doesn’t hurt either that Logan Circle is served by a number of Metro stations, making it easy to visit the many other surrounding neighborhoods or the rest of the DC area from Logan Circle.
The neighborhood offers potential new residents the desirability of restored Victorian brownstones and the appeal of upscale condos. While the neighborhood has had its ups and downs over the years, it doesn’t have to wait for new development. Many properties in the neighborhood have already been renovated and are virtually move-in ready.