H St. Corridor/Atlas District Housing Trends 2016/17’

Presented by: Washingtopia Real Estate Brokerage and Capital Market Appraisal When the facts change, I change my mind. What do you do, sir?

—John Maynard Keynes Contents

04 Introduction

05 High, low, and median sale price

06 Volume/Value pyramid

06 Pyramid apex

07 Annual sales volume by property type

07 Annual sales volume by type of transaction financing

08 Price range distribution by property type

08 Property type sales distribution

09 Home sales by price range

09 Condo unit sales by price range

10 Median and average days on market 5-year trend

12 About us | Washingtopia Real Estate

12 About us | Capital Market Appraisal

Presented by:

Washingtopia Real Estate Llc. [email protected] +1 202 810 1020 www.Washingtopia.com

and

Capital Market Appraisal [email protected] +1 202 320 3702 www.CapitalMarketAppraisal.com Introduction found no sales of individual cooperative units in the H Street Corridor/Atlas District neighborhood over the period covered ashingtopia Real Estate and Capital Market Appraisal in this report. present the 2016/17’ H St. Corridor/Atlas District Housing Trends Report. This report was created For the purpose of this report, the neighborhood of H St. Cor- W ridor/Atlas District is bordered to the north by Florida Ave NE; to provide market participants with a cursory overview of the neighborhood housing market. The report covers single- to the east by 15th St. NE; to the south by F St. NE; and to the family and individual condominium unit trends over the past west by 2nd St. NE. All figures in this report refer to these five years with an emphasis on the most recent year. neighborhood boundaries. High, Low, and Median Sale Price Row homes with legal lower-level apartments are included in the category (single-family), as these homes are predominant- The population of data used in figure 1 (found on the following ly owner-occupied on the main above-grade levels. Wherever page) includes single-family home sales placed under contract the term (single-family) is used in this report, it shall refer to in 2016. Gross Building Area (GBA) is derived from DC Tax Re- fee simple, attached and semi-detached, one and two-family cords and includes below-grade levels. GBA is assumed to homes. Wherever the term (condominium) is used, it shall re- be accurate; however, no information in this report should be fer to individual condominium units of all types. Our research relied upon without independent verification.

2016/17’ H St. Corridor/Atlas District Housing Trends Report 4 of 13 Figure 1 Single-family: High, low, and median sale price for the year ending 2016/17’ Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

2016/17’ H St. Corridor/Atlas District Housing Trends Report 5 of 13 Figure 2 Single-family: Volume/Value Pyramid of sales for the year ending 2016/17’ Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

21 (10.5%)

> $1,000,000 $26.2 m (17%)

$750,000 to $999,999 71 (35.3%) $60.5 m (39%)

$500,000 to $749,999 93 (46%) $61 m (40%)

$250,000 to $499,999 16 (8%) $6.8 m (4%)

Sales Price Sales Volume (% of Volume) Sales $ Value (% of $ Value)

Figure 3 Volume/Value Pyramid Apex: From figure 2 pyramid (above) Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

3 (12%)

$1,500,000 to $2,000,000 $5.2 m (17%)

$1,250,000 to $1,499,999 8 (32%) $10.7 m (34%)

$1,000,000 to $1,249,999 14 (56%) $15.3 m (49%)

Sales Price Sales Volume (% of Volume) Sales $ Value (% of $ Value)

2016/17’ H St. Corridor/Atlas District Housing Trends Report 6 of 13 Figure 4 All Sales: Annual sales volume by property type Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

Figure 5 All Sales: Annual sales volume by type of transaction financing Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

2016/17’ H St. Corridor/Atlas District Housing Trends Report 7 of 13 Figure 6 All Sales: Price range distribution by property type for the year ending 2016/17’ Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

Figure 7 All Sales: Property type sales distribution for the year ending 2016/17’ Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

$229.7 Million Total dollar sales 2016

2016/17’ H St. Corridor/Atlas District Housing Trends Report 8 of 13 Figure 8 Singe-family: Home sales by price range, 5-year trend Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

Single-family home sales (volume)

Figure 9 Condominium Price-ranges: Condo unit sales by price range, 5-year trend Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

Conodminium unit sales (volume)

2016/17’ H St. Corridor/Atlas District Housing Trends Report 9 of 13 Figure 10 All Sales: Median and average days on market 5-year trend Source: Metropolitan Regional Information Systems (MRIS), Capital Market Appraisal

2016/17’ H St. Corridor/Atlas District Housing Trends Report 10 of 13 Washington DC Neighborhood Map

Adams Morgan Columbia Hillcrest Petworth American Heights Pleasant Hill University Congress Pleasant Plains Heights Kalorama Potomac Heights Arboretum Crestwood Kenilworth Randle Heights Atlas/H St. Corridor Douglas River Terrace Downtown Knox Hill Saint Elizabeth Langdon Langston Shepard Park Bellevue East Corner Ledroit Park Benning Eastland Lincoln Heights Sixteenth St. Heights Gardens Logan Circle Skyland Eckington Mahaning Southwest Berkley Edgewood Heights Waterfront Bloomingdale Manor Park Spring Valley Brentwood Fairlawn Marshall Heights Stonghold/Old Brightwood Massachuesetts Soldier's Home Forest Hills Heights Suma Corda CoOp Brookland Fort Davis Mayfair Takoma Buena Vista McLean Gardens Burleth Fort Lincoln Michigan Park Trinidad Burrville Fort Totten Mt. Pleasant Fox Hall Mt. Vernon Sq. Twining Capitol View Friendship Navy Yard U Street Carver Heights Wakefield Cathedral Gallaudet Noma Washington Heights Garfield Heights North Cleveland Highlands Catholic Gateway Park University Georgetown Observatory West End Chevy Chase Circle Woodbridge Chinatown Good Hope Palisades Woodland/Normans Greenway Parkview tone Terr. Hawthorne Woodlands Hillbrook Woodley Park

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2016/17’ H St. Corridor/Atlas District Housing Trends Report 11 of 13 About Us | Washingtopia Real Estate Llc.

We are a locally owned real estate brokerage agency with a friendly, professional, and personal approach to selling and buying property in Washington, DC.

For more information

[email protected] +1 202 810 1020 www.Washingtopia.com

About Us | Capital Market Appraisal

We are a locally owned, independent fee, residential real estate appraisal and consulting firm specializing in single- family, condominium, cooperative and multi-family income property in Washington, DC.

For more information

[email protected] +1 202 320 3702 www.CapitalMarketAppraisal.com

2016/17’ H St. Corridor/Atlas District Housing Trends Report 12 of 13 General Disclaimer/ Important Information:

This document was produced by, and the opinions expressed, are those of Washingtopia Real Estate Llc. and Capital Market Appraisal as of the date of writing and are subject to change. This document has been prepared solely for information purposes. Information and analysis contained in this document have been compiled or arrived at from sources believed to be reliable but Washingtopia Real Estate Llc. and Capital Market Appraisal do not make any representation as to their accuracy or complete- ness and does not accept liability for any loss arising from the use hereof. MRIS (Metropolitan Regional Information Systems) data used in this document does not include ‘off-market’ private deals in which a broker was not involved or deals in which a broker(s) did not report the sale transaction in MRIS. As such the data used in this report may be less than fully representative of actual market conditions. © 2017 Washingtopia Real Estate Llc. and Capital Market Appraisal. All rights reserved.

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