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Realtors Report More Than $200,000 Increase In Georgetown Home Sale Prices For December

Entire District sees increase from last year.

Georgetown sees increase in median home prices for December compared with last year. (Zillow photo)
Georgetown sees increase in median home prices for December compared with last year. (Zillow photo)
The median sale price for a Georgetown home in December was $970,000, a more than 30 percent increase from the median price of $724,750 and the largest increase compared with other neighborhoods in the District in December 2012, a Long and Foster market report said. 

"The Georgetown neighborhood saw the largest increase at 34 percent," the report said. 

And with the middle of the road just under $1 million, Georgetown also sold the homes with the highest dollar amounts in the entire District, the report said. 

With homes like this for sale in Georgetown, it's surprising the amount is still under $1 million. 

At 52 Georgetown homes sold in December, there was also a 4 percent increase in the number of sales from last year, the report said.

Overall, the District's median sale prices in December increased by 6 percent from last year and the number of homes sold increased by 19 percent, the report said. 

“We’re continuing to see many improvements throughout the real estate market on the East Coast, including in the Washington, D.C., region,” said Jeffrey S. Detwiler, president for Long & Foster, in the report. These developments bode well for the market in 2014.” 



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