When looking for an oasis in the city, DC home buyers need look no further than Berkley. The picturesque area is surrounded by parks on many sides and the resulting feel is that of a quaint neighborhood. But being just a stone’s throw from Georgetown, and the shops of Macarthur Blvd and the Palisades, Berkly, DC remains true city living. It has all the benefits of a downtown urban area, including easy access to major commuter routes and airports, but retains a sense of charm as well.
Not only is this one of the nicer areas to live in all of Washington DC, but it has also been great in terms of investment. The average home prices in Berkley have remained more stable than many other DC neighborhoods, with the average home value indexed at just over $1.3 million in July of 2011. Further, adding to the good news for investors who are lucky enough to have the option to purchase in this area, is the relatively low turnover. Recent years have see a shortage of good inventory in this desirable neighborhood, which has stabilized home prices even in declining markets.
As the autumn has fallen upon us in DC, one of the fruits of the area harvest in terms of real estate has been a few good options in Berkley. Investors would be wise to take advantage of these properties while they can. The Koitz Group at Keller Williams Capital properties is pleased to represent one of these special properties. This is one of the flagship homes for the DC Area Luxury division that we are proud to be a part of, and is one of the most distinctive and charming residences on the market in the city. The home is perfect for families as well as for the discerning diplomat looking for a proper residence in the city.
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