This column is written by Metro DC Houses, a local real estate team serving DC, MD, VA made up of Colin Johnson, the immediate past President for the D.C. Association of Realtors and Christopher Suranna, the current President for the D.C. Association of Realtors.
For over 10 years, the Washington Nationals have called Navy Yard (or Capitol Riverfront) their home.
During this time, the neighborhood has seen a resurgence of housing and commerce replacing what was at times considered DC’s industrial backyard.
While Nationals Stadium has been a key cornerstone of this success, such a rapid change could not have happened without a concerted effort by city officials, developers and local residents.
The Capitol Riverfront BID sees the area becoming the, “next-generation neighborhood for business, recreation and city life.” So much so, that Mayor Bowser has even pitched it to Amazon for their future HQ2 site.
With so much development, we thought we’d take a look at the numbers from the perspective of a future homeowner, renter or investor that has been wondering if the Navy Yard is right for them.
In 2008 Navy Yard had only 18 transactions recorded in MRIS (the Multiple Listing Server for Realtors) versus 71 transactions in 2017; a 394% increase in volume, which is mostly a statement of available units to market.
Overall, had you purchased a coop you only would have seen a 1.4% increase annually since 2008, but the townhouse values have increased by about 3.4% annually. Rental rates have remained fairly steady since 2013 in contrast to other parts of the city where they have been on the decline.
Since Navy Yard has experienced such a sustained and rapid transformation since the opening of Nats Park, we’re just chomping at the bit to see how Audi Field will continue the trend towards Buzzard Point!
Bonus Link
Check out these cool sliders that show how the neighborhood has changed visually: http://www.jdland.com/dc/slidepics.cfm
Recent Stories
“Google map of all the embassies that are open this Saturday” by Nathaniel Rakich From a press release: “Travel the world through food, art, dance, fashion, music, innovations and manufactured…
Thanks to readers for sharing the latest at the Dupont Circle fountain this afternoon: “What’s going on? No water today.”
709 Kennedy Street, NW From an email: “Soup Up, located at 709 Kennedy Street, NW, is now serving brunch every Sunday from Mother’s Day, May 12 thru September 29, 2024….
If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’ in the title and say the name of your pet and…
Good news, D.C. area. You can save money on your next home cleaning with Well-Paid Maids. It’s easy!
We offer a discount when you set up recurring cleans — and the discounts just increased this week!
For weekly cleans, get $30 off each cleaning.
Potomac Harmony is Back! Following a gap year of competing, then virtual rehearsals during the pandemic, followed by the well-earned retirement of our long-term director, a year of a director search, Potomac Harmony hit the regional contest stage in Concord, North Carolina in March for the first time since 2018! It was exhilarating, reaffirming, and rewarding!
The chorus hit all of its goals, the biggest of which was to have fun and sing our best on contest stage — we did both! Because we earned a score over 400 points, our new Director, Allison Lynskey, was awarded the Novice Director award, photo above. Additionally, one of our charter members, Jackie Bottash, was nominated for and honored with the Leadership Excellence award. It was a celebratory weekend!
What’s next? So much! We now look forward to upcoming performances, growing our membership, and expanding our musical product with new arrangements and an education component each week. It’s an exciting time to be part of this ever-growing ensemble!
St Mary Armenian Church Annual Spring Food Festival
Come hungry and leave happy! Experience culture, community, and cuisine all in one place. See you at the festival!!!!
Comedy Cabaret
Kick up your heels at Bad Medicine’s COMEDY CABARET extravaganza at the DC Improv Comedy Club on Tuesday, May 21st. Revel in the sights and sounds of this entertaining musical revue, with songs, dance and sketch comedy that will have
