“It’s always great to see an UrbanLand Company ‘Focus’ neighborhood doing well for homeowners and investors,” commented Gerard DiRuggiero, Principal Broker of UrbanLand Company. “A recent report by UrbanTurf shows that Anacostia has made the Top 5 for DC neighborhoods with the highest home appreciation (at a solid 35.5% sales price increase) in 2015!”
Recent data was published based on the prices of home sold this year. Here’s a cutaway of the chart showing this year vs. last year.
“We’ve long been a fan of Anacostia and other emerging neighborhoods in DC. Back in 2013 we named Anacostia one of our 1st time home buyer hot spots and have been covering the big changes there ever since in our ULC Blog and Home Buyer and Investor Workshops,” said DiRuggiero.
9/23/14 – Congress Heights METRO Development Plans For Large Mixed Use Project
9/11/13 – UrbanLand Identifies Anacostia & Deanwood as Hot Neighborhoods
11/4/13 – Future of Anacostia & Congress Heights Improves With $6 Mil Grant
UrbanLand Company’s Buyer Workshops have been on the calendar constantly since early 2013. There’s currently 2 sessions per week available to the public. Those who are in the city on weekdays should check out the Tuesday night (5:30pm) After Work edition of our $0 Down Home Buyer Workshop. If you’re busy all week, our Saturday 10am session is extremely popular.
So is it too late for Anacostia & Congress Heights if you’re seeking a low price and potential for future appreciation in value? There absolutely are. The data above is based on the sales prices of homes that were actually sold in those neighborhoods. There are a TON of other properties going on and off the market constantly in these neighborhoods, and there are deals to be had based on each seller’s personal situation.
“In general, there is a lot of value still to be had in DC real estate,” concluded Gerard. “What it takes to succeed is an aggressive, savvy agent on your side that understands your goals and is looking out for you. This last 2 months we’ve been taking advantage of the Summer Offseason in DC by chasing down some very nice deals all over the city for buyers we had in the pipeline from our Buyer Workshops!”
Next available Workshops are this Saturday morning, 8/29 at 10am and Tuesday night, 9/1 at 5:30pm. Topics include the following, and there is plenty of time during and after for anyone with details questions regarding the purchase of any type of real estate in DC/MD/VA. “In any given session we’ve sometimes had beginning real estate investors sitting with a mix of 1BR value condo buyers, luxury condo shoppers, and families looking for 3+ bedrooms on tight budgets! We encourage anyone to come by and bring a friend,” concluded DiRuggiero.
Here’s some resource links on buying programs we regularly discuss!