Buying or Selling a Home in an "Up and Coming" Neighborhood of Washington, D.C.?
(under construction)
So often my buyer clients ask my opinion on Washington, D.C.'s "up and coming" neighborhoods. They're interested in understanding where the next big wave of development is occurring or will occur in the foreseeable future. Most buyers want to know because they want to try to outpace the broader D.C. market for return on investment when they sell. That's the potential upside of buying in an "up and coming" market. The potential downside is that the economic and other changes never materialize, and if they do, the homeowner will have to live through the construction period. There are no guarantees with "up and coming" neighborhoods and they're certainly not for everyone.
That having been said, my current opinion on D.C. neighborhoods to watch include the following:
Bloomingdale (northwest of New York Avenue, N.W. & North Capitol Street)
Capitol Riverfront (along M Street, S.E., including Nationals Park baseball stadium & Navy Yards)
Columbia Heights (east of 11th Street, N.W. to Georgia Avenue, N.W.)
Eckington (northwest of New York Avenue, N.W. & Florida Avenue, N.W.)
H Street Corridor (from Union Station to Bladensburg Rd., N.E.) -- Read about the DC Streetcar Initiative.
Trinidad (east of Gallaudet University to Bladensburg Rd., N.E.)
If you're thinking about buying something in an "up and coming" neighborhood or if you have a home in any of these neighborhoods that you're contemplating selling, please contact me. I'd be glad to serve as your Realtor® in either transaction!
