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Real Estate Highlights History Adjacent Neighborhoods Neighborhood Boundaries Neighborhood Links Map of Petworth
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Petworth
(Use
20011 zipcode) In 2011, 228 single-family homes sold in Petworth for an average sale price of $349,256. The average list price was $355,456. This represents a 5% decrease in the number of sales and a 10% increase in the average sale price from 2010. Homes were on the market in 2011 for an average of 79 days. Listed below are the number of sales of single-family homes 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 neighborhood is a combination of single-family and semi-detached homes with rowhouses dating back to the 1920s. Petworth is a neighborhood that over the last few years saw an influx of new residents refurbishing homes and speculators renovating for resale. Like other lots that have been vacant for years, the area above the Metro station went under development. City agencies put land up for bidding by developers to create a mix of affordable and market rate housing, shopping, and other amenities. In the last few years, however, Petworth has felt the effects of the economy. Petworth has a distinction that few DC neighborhoods have. It has large traffic circles where diagonal avenues cross, a pattern reserved only for areas of the city in L'Enfant's original plan. The community is served by Metro's green line with the opening of the Georgia Avenue-Petworth station in 2001. A library serves the neighborhood as do three recreation centers, one with a pool and another with tennis courts. Roosevelt Senior, Macfarland Middle, and Clark, Powell, and Raymond and the newly constructed Barnard Elementary Schools are in and near Petworth. Rock Creek Park Cemetery is also located in Petworth. Petworth was part of the original area known as Brightwood (see history of Brightwood). In 1887 two leaders in the Washington Board of Trade, Myron Parker and Brainard Warner (who founded Kensington, Maryland, in 1890), developed Petworth. They subdivided the estate of John Tayloe, the builder of the Octagon House and founder of the Jockey Club, who had purchased the land in 1803. The neighborhood was designed with a grid system crossed by diagonals in an effort to extend L'Enfant's plan into the area. Parker and Warner sought various amenities for prospective residents in 1888 and obtained a charter for the Brightwood Railway Company. That company bought the Metropolitan Railway Company's Georgia Avenue line in 1890 and electrified it. Petworth's growth was slow, and the original planners lost interest and sold much of Petworth to Horace S. Cummings in the mid 1890s. The northern section of their subdivision was used to create the Columbia Golf Club in 1898. The Brightwood Avenue Citizens' Association was formed in 1891 and began to pursue local development of neighborhood services and to lobby the city and Congress for assistance. From the 1900s to early 1920s the neighborhood was largely detached dwellings, but developers began to build semi-detached and rowhouses. Morris Cafritz was one of the developers active in the mid-1920s, building hundreds of rowhouses in Petworth. In the 1960s the neighborhood came under hard times but experienced a rebirth in the 1990s and earlier this decade.
Petworth Citizens Association To discover more about current listings and recent HOME sales in PETWORTH AND THE WASHINGTON DC REAL ESTATE MARKET:
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Copyright 2012 Tim and Jean Hanan