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Real Estate Highlights History Adjacent Neighborhoods Neighborhood Boundaries Neighborhood Links Map of Georgetown
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Georgetown
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20007 zipcode) In 2011, 133 single-family homes sold in Georgetown for an average sale price of $1,698,855. The average list price was $1,822,598. This represents a 22% increase in the number of sales and a 5% increase in the average sale price from 2010. Averages are affected by the sale of Evermay for $22,000,000. Homes were on the market in 2011 for an average of 126 days. Listed below are the number of sales of single-family homes by price range for the past six years.
In 2011, 58 condo and coop units sold in Georgetown for an average sale price of $968,274 and an average list price of $1,006,587. This represents a 12% increase in the number of sales and a 7% decrease in the average sale price from 2010. The condo and coop units were on the market for an average of 99 days. Listed below are the number of sales of condos and coops by price range for the past six years.
If you have questions on how 2011 sales prices compare to the last six years or would like detailed analysis for this or other neighborhoods, contact us at 202-965-3715 or info@hananhomes.com. The 1950 designation of the Old Georgetown Historic District requires that all exterior changes, demolitions, and new construction must be reviewed by a panel of architects selected by the city's Fine Arts Commission. This has meant the preservation and restoration of luxury homes such as Georgian mansions and townhouses, Federal and Classical Revival houses, ornate structures from the ante-bellum and post-bellum eras, and the predominant architectural style, the Victorian rowhouse built after the 1870s. In the last 20-30 years new construction increased. In the late 1980s, the elegant Cloisters townhouse community opened in the upper West Village near Georgetown University. The townhouses of Phillips Row were completed in 1999 in the East Village on the former site of the lower school of the Washington International School. Near the waterfront, condominiums have flourished. High-rises at Harbor Place and several smaller buildings such as James Place and the townhouse condos at the Papermill have been recently joined by several impressive projects such as The Ritz Carlton multiplex with its high-end luxury condominiums at the old power plant and another high-rise on Water Street. The one neighborhood synonymous with Washington DC is Georgetown. Tourists put it on their list of places they want to visit for good reason. In addition to its beautiful houses, brick-lined sidewalks, and cobblestone streets, Georgetown boasts several historic attractions. The National Park Service has restored and preserved the C&O Canal and the Old Stone House which is the oldest (1765) intact house in the neighborhood. Also available to the public are tours of Tudor Place, Dumbarton House, and Dumbarton Oaks and its gardens. The residential neighborhood of Georgetown is divided into two areas, the East and West Villages, with Wisconsin Avenue as the dividing line. Both villages are dotted with family-owned stores and markets. While the West Village has the imposing Georgetown University, Holy Trinity and Georgetown Visitation parochial elementary and high schools, and Hyde elementary and Hardy middle public schools, both sides have well-respected nursery and preschools. They include Intown, Little Folks School, St. John's Episcopal Preschool, Georgetown Montessori School, P Street Kids, and the Montessori School of Washington. The long awaited renovation of the Hardy Middle School and the Fillmore Arts Center began in 2006. Parks abound in Georgetown. They include Waterfront Park which the National Park Service is refurbishing, Francis Scott Key Park near Key Bridge, and Book Hill Park at the library. There are also four children and dog friendly parks that have been refurbished by the neighborhood in cooperation with the city and the NPS -- Rose Park, Volta Park, and Montrose and Dumbarton Oaks Parks. A popular and recently renovated pool is located at Volta Park. There is a farmers market in Georgetown on Wednesday evenings at Rose Park during warm weather. Georgetown's commercial district, which is as famous as its homes and historic sites, is located mainly on or near Wisconsin Avenue and M Street. It is bustling with fashionable chain stores and small boutiques, antique shops, hair salons, spas, restaurants, and people. Several upscale furniture and home decorating shops have opened along the west side of M Street. A new cineplex theater near the waterfront has also become an attraction for locals and visitors. While there is no Metro station in Georgetown, there are numerous bus routes that serve the area and shuttle passengers to Metro stations in Foggy Bottom and Rosslyn. Just below Great Falls and the furthest point one could travel by boat from the ocean, Georgetown began as an Indian trading spot. By the early 1700s, Saw Pit Landing, as it was called, was one of many Maryland and Virginia tidewater settlements that provided inspection stations and warehouses for tobacco. In 1751 the Maryland Assembly authorized the Town of George, named after the British monarch, George II. The waterfront became a commercial and industrial center with wharves, textile and flour mills, and a paper factory. Wealthy shipowners, merchants, and land speculators built homes near the waterfront and on the heights of the town. During the Revolutionary War, Georgetown became a depot for the collection and shipment of military supplies. Southerners were in the majority in Georgetown by the Civil War. Union troops were sent to defend the city before war's first shot. Many were housed at Georgetown University. Most Southern sympathizers moved to Virginia. The Union Hotel and Tavern that was located on 30th Street was taken over as a hospital. Louisa May Alcott was a nurse at the hospital and wrote a book about her experiences. By the end of the Civil War, free slaves migrated to Georgetown and until the 1930s African-Americans comprised one-third of the town's population. In 1871 Georgetown was made part of Washington. That decade was also the heyday of the Chesapeake and Ohio Canal, but by 1890, with railroad and steam and a massive flood, its reign ended. By 1915 Georgetown was the city's hub for power production, meat rendering, and storage of stone and other construction materials. It was also a hub for a new network of electric street cars. The residential area began to decline, and many of the homes were left neglected and deteriorating. Preservation efforts began in the 1920s when Georgetowners feared high rise development near the Q Street Bridge. The result was a prohibition of construction over 40 feet high in Georgetown. The 1949 construction of the Whitehurst Freeway above K Street was felt to compromise the area's historic character. In 1950 Congress designated Georgetown as an historic district. As the neighborhood began to once again attract development, a court decision allowed high-rise buildings, mixed commercial and residential buildings on the streets leading to the riverbank. By the 1970s, modern construction dominated the Waterfront. In 2001, Georgetown celebrated its 250th birthday.
Citizens
Association of Georgetown To discover more about current listings and recent home sales in georgetown and the washington dc real estate market:
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Copyright 2012 Tim and Jean Hanan