Why Live in Foggy Bottom
Whimsically named for the rolling mist that used to hang in the air over this low-lying area, modern Foggy Bottom feels a world away from the industrial center it once was when factories lined the Potomac River. “With one big exception, this neighborhood isn’t considered a big entertainment destination, but you’re not going to find a better location,” says Washington Fine Properties agent Nathan Guggenheim, a top volume producer in the DMV metro area who has been selling real estate since 2007. “You’ve got Georgetown, Dupont Circle and West End next door, and the Kennedy Center is right there.” Great for students and professionals, Foggy Bottom is home to George Washington University and walkable to major D.C. employers like the World Bank, International Monetary Fund, Federal Reserve, and the U.S. State Department. “We’re also the last Metro stop in the district, so I like to say we’re the gateway to Virginia,” says Coldwell Banker’s Geroge Eckerle, who has called the neighborhood home for almost 40 years. “Proximity and access to Virginia is becoming more important to buyers as businesses continue to relocate there from the city.” Known for neat little rows of colorful
Home Trends in Foggy Bottom, DC
On average, homes in Foggy Bottom, Washington sell after 28 days on the market compared to the national average of 70 days. The median sale price for homes in Foggy Bottom, Washington over the last 12 months is $675,000, up 58% from the median home sale price over the previous 12 months.
Median Sale Price
$675,000
Median Single Family Sale Price
$377,852
Median Townhouse Sale Price
$675,000
Average Price Per Sq Ft
$318
Number of Homes for Sale
0
Last 12 months Home Sales
20
Median List Price
$699,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
58%