The dynamic in Trinidad continues to change. This formerly value-intensive neighborhood for enterprising buyers has become a zone with wild price ranges in the real estate market. H Street’s development boom has had major positive effects on home values and closed home sales in the neighborhood.
We’re taking a look at the last 60 days of what is actually selling and closing on the neighborhood marketplace in Trinidad. We include Ivy City, Arboretum and Carver Langston in the mix.
“Here’s some things to take from the data on recent sales. There’s not much that sales in this area of DC in the $300,000’s at all currently. It is mainly due to a lack of product in the price range. You do have several sales of 2BR 2BA condos down in the mid $200,s, most of which came about due to intense negotiation on the part of buyer’s agents working Trinidad.” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The sales take a big jump to the $500,000’s and $600,000’s for a slew of either investor-ready homes needing TLC mixed with very nice fully renovated homes sold in high price points.”
What’s the morale of the story for Trinidad homeowners? If you have even a slight desire to explore selling your home in the zone, do it! Guidance and advice from area agents is free up until they actually sell your house. Use UrbanLand Company as a resource! We’ve sold over 1,250 homes in DC, have an office opening up at 1020 Bladensburg Road, NE soon, and know the value of your assets and how to market it to the highest closing price.”
Call 202.335.2201 to get started!