Urban Turf: The Improving Market in Anacostia

Housing market is on the upswing east of the river. This article is for Anacostia, but I think the same can be said for Congress Heights. Yet we remain to be the most affordable part of DC by a long shot. When do we stop being too affordable and become just affordable?

See the Urban Turf article here. Here is an excerpt:

• Home prices are slowly increasing. The median price increased 6 percent overall, from $187,000 to $198,200, with detached three bedrooms selling for an average of 28 percent more this year than last.
• List prices for homes rose 13 percent, and the average sold price to original list price ratio rose from about 91 percent to 97 percent.

Did you see that? That's right! Detached single family homes in Anacostia went up by 28%?! Looks like one of the fastest appreciating markets in DC to me.