Real Estate in Park View Continues to be Strong
I’m still a bit amazed that home sales in Park View have broken the $700,000 barrier. When 719 Princeton Place, NW, sold for $710,000 in November 2012, I thought it was a fluke. Then 624 Princeton Place, NW, came on the market at the beginning of this year for $749,900 and had a pending contract after a mere 8 days (actual sale price still unknown). Yesterday, I learned about yet one more property joining these ranks — 824 Otis Place.
824 Otis, NW, has been placed on the market for $749,900. According to the listing it has 5 bedrooms and 4.5 baths. As with the other two properties listed in this range, it is a single family home located within a quarter-mile of the Georgia Ave.-Petworth Metro station. Interestingly, though, this trend seems to predominantly be south of the Metro station rather than equally distributed. I guess what is driving up these prices is the low availability of good housing on the real estate market, coupled with a Metro station nearby and the short distance to Columbia Heights.Real Estate comment below, or link to this permanent URL from your own site.