It arrived. For those who enjoy reading about real estate, like myself, we look forward to the Washington Post real estate chats every other Friday. We also look forward to the Sat. Post real estate section. Well, once a year the Post releases a “Mega” real estate section. This to me, is like when I was kid waiting fot the Sports Illustrated Swim Suit Edition to arrive. God I’ve really turned into a loser but we’ve already covered that. At any rate, according to the Post in 2006 Zip Code 20011 had 645 home sales (the most of any zip code in the city) with a median purchase price of $404,000. This is an increase of $29,000 from last year which is an 8% increase.
Reporter Julia Feldmeier wrote the overview of DC in the special section and in the last paragraph she focuses on Petworth:
“You can get a lot more house in Petworth than you can almost anywhere else in the city, except across the river,” said Eileen Garner, a Coldwell Banker agent. “So you have some people cashing in their condos down in Dupont and buying out here where they have a very low mortgage because of what they earned on their condo. You also have first-time buyers that can actually get a house with three or four bedrooms in the low $400,000 range.”