Urban Turf: "The DC neighborhoods with the best price appreciation in 2014" -- LeDroit Park is #7 on the list

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The DC Neighborhoods with the Best Price Appreciation in 2014

• December 8, 2014
• by Lark Turner

                                            
In 2014, home prices rose in a number of DC neighborhoods. Using legal subdivision data provided by RealEstate Business Intelligence (RBI), UrbanTurf dug into the neighborhoods where median sales prices rose the most between the first ten months of 2013 and the same period this year. We omitted neighborhoods with very low sales volume.

                                      

Here are the top 10:

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7. LeDroit Park

Prices rose 17.3 percent in LeDroit Park, increasing from $550,000 last year to $645,000 during the same time period this year. Days on market also dropped from 38 to 30. Though most of the sales were conventional, a handful were all-cash transactions, indicating that there were still some investor opportunities in the rapidly appreciating neighborhood.

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