Washington DC's Crestwood: 2011 Market Report

Crestwood is where I live. It's surrounded on three sides by Rock Creek Park, and about two and a half miles north of the White House. So it's downtown, but it has just a bit of a suburban feel to it.

The housing stock here is pretty eclectic. There are Wardman style row houses off 16th Street. As you go further west, there are mostly detached homes, some quite spectacular. And not surprisingly, the wide range of sales prices reflect this. Here are the numbers for 2011, as compared to 2010:

Last year, the number of homes that sold increased from 18 in 2010 to 29. And the homes that did sell took less timer to attract offers, down from 110 to 78 days on the market. The high, low and average prices for 2011 were higher than those in 2010, but the median took a bit of a dive.

Compared to some other neighborhoods in Upper Northwest DC, Crestwood did not see significant price gains. But that could be a market adjustment to reflect the steep price increases during the bubble years.

Currently there is very little inventory - only four homes are currently for sale. This is the smallest number I've seen in three decades of selling real estate in this neighborhood. If you'd like more information about homes in Crestwood, please contact me.

If you are planning a move to or from the Washington, DC area, I can help! I am licensed in the District of Columbia, Maryland and Virginia. You may call, email or text me at:

Housepat@mac.com, 202-549-5167

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