Local Homes in Colonial Village
The following charts track four leading market indicators, and are updated on or about the 10th of every month. “New Pendings” shows the number of contracts ratified each month and is the best indication of the direction of the market. And please note that it is not unusual to see significant monthly change, both up and down, in the Average Sales Price chart. We use zip codes as the basis for these indicators to ensure there are sufficient data to make the charts relevant. While all of these indicators are important, the best way to determine the value of a specific property is a thorough market analysis by a McEnearney Associate.
The community of Colonial Village occupies the northernmost point of the District of Columbia. It is bound by 16th Street, Holly Street and Bach Drive. Settlement of this area began in the 1600s. Modern day Colonial Village was originally included on some of the first maps of Virginia. This changed in 1629 when King Charles I of England granted the land rights to the first Lord of Baltimore. Subsequently, the land was absorbed into the colony of Maryland. It wasn’t until 1800 that Colonial Village was included in the northwest quadrant of D.C.
While the community’s name is tied to America’s colonial past, the only colonial homes to be found here are replicas. The first house in Colonial Village was completed in 1931.
Despite its size, Colonial Village is a dynamic, tight-knit community. Winding hills and thickets of mature trees slope into Rock Creek Park, the perfect place to run, jog, bike or walk the dog. Colonial Village offers a quiet, residential experience.
The closest metro to Colonial Village is Silver Spring station on the Red line, which is accessible to Colonial Village residents by car or bike.
Ronald Reagan National Airport: < 10 miles
Washington-Dulles International Airport: < 30 miles
Baltimore-Washington International Airport: < 35 miles
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Let our experience and our daily immersion in this market help you make the best decision to purchase the right house at the right price.