The Queen of Columbia Heights, 1300 Fairmont St NW, went to settlement on July 22nd for $1.4 million, about $400,000 more than any other residential sale in Columbia Heights – ever.  What does this mean for a neighborhood whose history is both controversial and exciting? 

$1 million has been a psychological barrier for Columbia Heights sales despite similar sales occurring with frequency in neighboring Logan, U Street, and Mt. Pleasant.  Though the market as a whole remains mostly a buyers market, clearly robust sales are occurring and there is some serious money flowing into Columbia Heights.  Who are the buyers looking to spend more than $1 million in today’s market?

Below is the market report for 2nd quarter.  Feel free to call Ken Rub, 202-318-1623x 7004 with any questions, and keep in mind only 60 days left to take advantage of the $8,000 1st time home-buyer tax credit! 

2nd-quarter-09.pdf

Click the link below for the Columbia Heights market report for October.

october-update.pdf