Another month, another article about the increase in housing prices in the neighborhood. This one comes from DC Urbanturf with its look at home price appreciation by neighborhood. Riggs Park comes in at number seven on the list of the top eight neighborhoods with the largest home price appreciation between 2015 and 2016. For Riggs Park, DC Urbanturf calculated a median sales price of $350,000 in 2015 and a median sales price of $412,500 in 2016, for an 18 percent increase. For the full list, click the link.
Hi:
This information confirms what I recently heard from a real estate agent. The agent was assisting a client find a home in Brookland ( I know its not Riggs Park) for about $350,000. Both the agent and client discovered that nothing was available, and they turned their attention towards Cheverly, MD. The Urban Turf blog has confirmed that all of DC has become prohibitively expensive, and out the reach of the working class.