Home buyers and investorsÂ looking for the next prime areaÂ of real estate in the city just need to take a quick jump on the Green line across the river to the Anacostia neighborhood. In April, the average homeÂ sold price was up over 15% (year over year) and some major new developments in the Barry Farms area should help sustain the market even more. New condominiums and townhouses start in the mid $200s at these projects and with interest rates under 4.00% should move very quickly. At the same time the Median soldÂ home price is around $95,000 which demonstrates a huge spread from a resale or 'brand new' purchase. Additionally, the area should also see some residual effects from the Navy Yards and Ballpark re-development in the very near future.
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