Georgetown Home Sales

The Georgetown D.C. Real Estate Market

Georgetown is one of the oldest neighborhoods in Washington, DC and because of its prime location on the Potomac River served as a major port and commercial center during colonial times.

Today, Georgetown is a vibrant community with lots of upscale shopping and restaurants along its cobblestone streets.

Many of the homes are 200 year-old restored row houses. Georgetown housing is expensive, so most Georgetown University students live on campus or rent apartments uptown or nearby in Virginia.

As of January 3, 2008, over the past 30 days fifteen homes sold, ranging from an efficiency/studio for $240,000 to a 6 bed federal style single family detached home for $7.5 million.

Twenty homes were under contract, ranging from a 1 bed unit listed for $350,000 to a 6 bed federal style townhouse listed for $5.2 million. 

As of January 3, 2008, 77 homes were for sale, ranging from a 1 bed unit listed for $379,000 to a 4 bed unit listed for $4.45 million. 

During the year 2007 there were 173 sales of Georgetown homes, row houses, semi-detached properties and a few detached properties.

Georgetown real estate ranged between a low of $345,000 and $7,175,000.

There were only three sales in the four hundred thousands, ten in the fours and twenty in the fives.

In the range of $700,000 to $1M there were 91 sales fairly evenly distributed over the range.

Above the million mark there were forty one sales.

Of these 47 sold for prices between $1,000,000 and $2,500,000; 8 sold for prices between $2,750,000 and $3,900,000; there were two sales in the four millions and one at the high end of $7,175,000.

Georgetown condominiums sold in 2007 for a low of $232,000 for a studio apartment to a high of $6,000,000 for an elegant 5000 sq. ft. apartment with water views and garage parking for three cars.

We'd be glad to help you sell you your next Georgetown home...obviously!