Georgetown house values have a history that is almost as interesting as the town itself. It is interesting to note how the population diversity (or lack thereof) has effected the house values of this charming colonial town. In the 1930s, government officials working for the Franklin Delano Roosevelt administration rediscovered the neighborhood of Georgetown and invested time, effort and money into once again making it a fashionable place to live. This revitalization process was obviously appealing to those looking to relocate to a place that had some historical significant to it, yet could still provide the amenities that top dollar homes demanded exist in the surrounding area.
Home values in the Georgetown area have appreciated more when compared to other similar cities across the country. Growth and home values are increasing as Georgetown remains a popular place to walk, eat and shop.
It is difficult not to fall in love with the beauty of the water that can be observed on the C&O Canal and the Potomac River. Georgetown’s mule-drawn barges, brick-lined streets, and gardens hidden behind walls built by some of the first residents of our country, all set a beautiful and historic scene that those living in Georgetown would argue rival most historical cities in the East. As the business district of Georgetown remains primarily limited to the University and government jobs in the embassy, new construction is not the norm nor are housing units designed for corporate living with the exception of apartment and condo complexes primarily used by students and young singles.
Georgetown D.C. real estate offers opportunities for residents that simply cannot be found or duplicated in other parts of the country. In Georgetown you will find historic sites, historic homes and historic gardens, all of which provide residents with a unique living environment that is deeply rooted in the stories of how America once was. Georgetown D.C. offers an environment filled with elegant homes and estates whose current owners are prominent residents of Washington, just as were the original owners of these priceless estates.
Georgetown is not all about what happened in the past. There are high fashion stores and shops that attract shoppers from around the country all year long. There is also a prominent business district that is located primarily in the M Street and Wisconsin Avenue areas. Bars and restaurants abound along the beautiful riverfront of the Potomac River. When dining here, residents and visitors can enjoy the view of the river and the boats (both old and new) that sail here.
There is something for everyone as the location of Georgetown D.C. allows for boating, jogging, biking and hiking on a number of different trials. Of course it is hard to think of Georgetown without also thinking of the famous University that is located here. Georgetown University as well as the embassies of France, Mongolia, Sweden, Thailand, and Ukraine are all located in Georgetown making it a highly educated and highly sophisticated location to own real estate in. The education of the people and the class and charm of the area may divert some buyers because of anticipated unattainable home prices. However, you may be surprised at just how affordable life can be for this type of up-scale living.
If you are looking for a neighborhood steeped in history and filled with highly educated people, beautiful scenery, recreational opportunities for the whole family and interesting occupational opportunities, Georgetown D.C. is the place for you.