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southwest
Real Estate
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Map of Southwest
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the Southwest
Use
20024 zipcode
REAL ESTATE
If you have questions about the following data or want
more information, contact us at
202-965-3715.
If you would like to be
included in periodic e-mail updates on this or other
neighborhoods, send your name and e-mail address to
info@hananhomes.com.
As of September 30, 2008,
three single-family homes were
for sale in Southwest, and
one was under contract. In the third quarter of 2008,
two homes sold.
In the first half of 2008, 4 single-family homes sold in Southwest. In 2007, there were 6
sales, while 8 homes sold in 2006. The average sale price
in the first half of 2008 was $633,150. This compares to
$548,225 and $672,625 in 2007 and 2006, respectively.
The average list price was $662,225 in the first half of
2008, $560,000 in 2007, and $673,250 in 2006. Listed
below are the sales by price range.
|
Single-Family Homes |
2008
1st Half |
2007 |
2006
|
|
Below $500,000 |
1 |
3 |
2 |
|
$500,000-$999,999 |
3 |
3 |
6 |
|
$1,000,000-1,499,999 |
0 |
0 |
0 |
|
$1,500,000-$1,999,999 |
0 |
0 |
0 |
|
$2,000,000-$2,499,999 |
0 |
0 |
0 |
|
$2,500,000-$2,999,999 |
0 |
0 |
0 |
|
$3,000,000+ |
0 |
0 |
0 |
|
TOTAL |
4 |
6 |
8 |
The
number of condominiums and cooperatives that sold
in the third quarter of 2008 totaled 13, with 5 under
contract. There were 32 condos and coops for sale as of
September 30, 2008. For the first half of 2008, 28
condos/coops weresold, 91 for the year 2007, and 63 in
2006. The average sales price was $268,703 in the first
half of 2008, $329,120 in 2007, and $304,515
in 2006. Listed below are the sales by price range.
|
Condominiums/Coops |
2008
1st Half |
2007 |
2006
|
|
Below $500,000 |
28 |
86 |
59 |
|
$500,000-$999,999 |
0 |
4 |
4 |
|
$1,000,000-1,499,999 |
0 |
1 |
0 |
|
TOTAL |
28 |
91 |
63 |
In
addition to a handful of 18th Century Federal style townhouses in the Southwest historic district are mid- to
high-rise buildings, many of which are condos and coops.
In the last few years, a subdivision of three- and
four-story townhouses was erected just north of Maine
Avenue and to the west of Arena Stage which complement
several older townhouse communities dating to the 1960s.
With the Anacostia Waterfront Initiative and the
opening of the baseball stadium nearby, Southwest
Washington is expected to be part of a surge in
housing development. Housing projects in the Southwest
and Southeast
sections of the Old City 1 neighborhood are being
demolished and to be rebuilt into mixed-income complexes.
HIGHLIGHTS
Southwest has begun to bloom again and the area's
many plusses are bringing new homeowners to the
neighborhood. Probably most appealing is the close
proximity to the Capitol, The National Mall, and the
Navy Yard. Across the Channel is the expansive East
Potomac Park with its golf course, tennis courts, and
playground. The Anacostia Waterfront
Initiative is expected to bring a network of parks and
scenic roadways and other amenities to the Washington
Channel, and the proposed baseball stadium and
development of nearby Southeast DC has also created
interest in Southwest.
The neighborhood itself currently offers a variety of
amenities to its residents. Two recreational facilities
are to be found in Southwest, King-Greenleaf and
Randall, with a swimming pool at the latter and tennis
courts at both. The Waterfront Metro station is located
on M Street and the L'Enfant Plaza and Federal Center SW stations are
nearby. Jefferson Junior High and the Amidon and Bowen
Elementary Schools are in the neighborhood along with
the Southwest public library. Southeastern University is
located north of Maine Avenue. Arena Stage, one of the
city's premiere independent theaters, is located a block
from the river. Crowded on weekends is the waterside
promenade with its restaurants, pleasure boat and tour
boat docks, and the Maine Street fish market. The Waterside Mall, part of the urban renewal
effort, and the L'Enfant Plaza underground shopping
mall, both of which have suffered over the last few
decades are seeing signs of revival.
Old Southwest DC that still exists includes Wheat Row, built in
1793 and 1794, which is the city's oldest standing rowhouse
group. Two late 18th and early 19th Century structures
also standing are the Thomas Law House, which belonged
to Martha Washington's granddaughter, and the Duncanson-Cranch
House. The Gatekeepers House of the old Washington Canal
has also been preserved.
HISTORY
The Southwest neighborhood is one of the city's oldest and
newest. Captain John Smith first saw the area in 1608
and throughout the 17th Century, Marylanders settled in
the region. In 1790, Pierre L'Enfant included the site
as part of the original city and, because of its
waterfront, designated its southern most point as a
military fort. Since 1794, Greenleaf's Point (named
after one of the city's earliest real estate tycoons,
James Greenleaf) served as a fort, military arsenal, and
a federal prison. Fort Lesley J. McNair, one of the
country's oldest military posts, now stands on that
site.
The river access for more than a century made the
area a traveling point for areas south, a fisherman and
produce shipping point, and, for a while, a slave trading
center. Real estate speculators believed the area
would be prime for housing as well as business.
While a few elegant homes were constructed, small
cottages and simple frame rowhouses were more the norm
and the neighborhood soon became neglected. In 1815, when the Washington City Canal cut
the Southwest off from downtown,
the area became known as Little Island.
Both freed and enslaved blacks lived in the area, and by
the 1850's the Southwest was used by the Underground Railroad
to help slaves escape to the North. With commerce as the
area's focus, tradesmen and laborers lived in nearby
housing. The Civil War brought growth to the
neighborhood with the population almost doubling from
1860 to 1870 and again from 1870 until 1900. Its new
inhabitants were largely freed slaves who lived in
low-rent rowhouses along alleys. The City Canal was
filled in the 1870s, but Little Island was still
cut off by the construction of the Baltimore and Potomac
Railroad. Fortunately, new streetcar lines tied
Southwest to the rest of the city. New European
immigrants began to move into the neighborhood in the
1880s, in particular, German Jewish families, who
established retail trades. Al Jolson, an American
entertainer, was the son of the local rabbi. Racial
segregation set in, and the Southwest became the city's
first segregated neighborhood.
From the turn of the century until the early 1930s,
Southwest Washington was a flourishing neighborhood. It
was described as a city by itself, but commerce and the
federal government were interloping.
Those who could afford to leave did, and the area became
known as a slum that was blighting views of the Capitol
building. In 1940, Congress chartered a new city agency,
the Redevelopment Land Agency, that could condemn and
redesign whole neighborhoods, and in 1949 passed the National Housing Act that offered
federal subsidies for slum clearance, redevelopment,
and low-rent housing. Southwest Washington became the
first candidate. By 1953 the RLA began to acquire
property and in 1954 demolition began. Opposing
residents lost a battle in the Supreme Court which
declared urban renewal to be constitutional. By 1960
most of old Southwest disappeared.
ADJACENT
NEIGHBORHOODS
NEIGHBORHOOD
BOUNDARIES
|
North |
Independence
Avenue |
|
East |
South Capitol
Street |
|
South |
Fort McNair |
|
West |
Washington
Channel |
NEIGHBORHOOD
LINKS
Southwest Neighborhood Assembly, Inc.
Map of Southwest
To discover more about current listings
and recent home sales in southwest and
the washington dc
real estate market:
Call or e-mail us at
202-965-3715
info@hananhomes.com
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