Housing-News-Report-November-2016

HOUSINGNEWS REPORT

STATE SPOTLIGHT

A whole different scene has emerged in the newly re-energized corridor, with white millennials seeking walkable, urban lifestyles close to Metros and downtown D.C., said Dias. “There’s a lot of new construction in the U Street Corridor,” said Dias, pointing to new central city housing. Dias said the fast-changing Trinidad neighborhood is another popular area among buyers. Trinidad is filled with Victorian row houses undergoing renovations, she said. It’s a five-minute walk from the restaurants and bars along Northeast’s H Street corridor, and a 10-minute stroll to Union Market. Along its western edge is Gallaudet University. Designed 200 years ago by French architect and civil engineer Pierre Charles L’Enfant, the Parisian-style city of Washington, D.C. is divided into four quadrants. The north-south axis is formed by North and South Capitol Streets. The east-west axis is formed by

the National Mall in the west and East Capitol Street in the east.

near the Catholic University of America. It is a residential area with modest Victorian, red-brick row houses and bungalows and leafy, tree-lined streets that has reinvented itself as an arts and entertainment destination, he said. “The D.C. real estate market really came back in 2009,” said Fowler. “The last four springs have been very strong, with multiple offers on most properties. But it slowed down a little this summer. The market has normalized a bit. The feeling I’m getting is that with the election coming up buyers were uncertain about the future. I think there could be some pent-up demand because of the election. I saw this four years ago. After the election, the market becomes more stable.” S.W. Waterfront: A Diamond in the Rough In addition to trendy Northwest neighborhoods like Dupont Circle, Shaw, Logan Circle and the U Street

Urban Is In Kent Fowler, an agent with Keller Williams Capital Properties in Dupont Circle, said the District is a collection of neighborhoods that are constantly changing and being reinvented. “When I moved to D.C. in 1993, Dupont Circle was edgy,” said Fowler, referring to the now gentrified yuppie northwest neighborhood near downtown where Fowler lives and works. “In the mid-90s, Logan Circle transitioned into a sought- after community. Then, U Street and Columbia Heights took off. By 2008, Bloomingdale made the gentrification leap. Now, I would say Brookland is starting to pop. You can get good values in Brookland.” Fowler said neighborhoods once off the radar like Brookland are blossoming. The serene Brookland neighborhood in northeast Washington is located

The D.C. real estate market really came back in 2009.”

Kent Fowler Real estate agent at Keller Williams Capital Properties

Rendering of The Wharf

ATTOM Data Solutions • P16

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