The twin neighborhoods of Shepherd Park and Colonial Village at the northern “tip” of DC have different origins – the first was fueled by the construction of Walter Reed Army Medical Center in the 1910s and 1920s, the latter part of DC’s more upscale suburban expansion in the late 1920s and ’30s and then again during the post-war era – but they share neighborhood organizations, interests, and annual events as well a rich history during part of the 20th century. (Watch the “Homes of Shepherd Park,” a brief WETA video, here.)
In 2016, a total of 45 houses sold in Shepherd Park and Colonial Village, at prices between $561,750 and $1,800,000 (average $915,081, median $835,000). The average for Colonial Village ($1,075,182 with 11 closed sales) tends to be higher than that for Shepherd Park ($863,284/ 34 closed sales). This constitutes an overall price increase of 12.7% over 2015! (average $811,468, median $790,000). The number of rentals has gone up a little: 10 single family homes were rented, at higher prices than in 2015, ranging from $3,150 to $5,250 (averaging $3,928). On average, it took about 7 weeks to find tenants for a Shepherd Park or Colonial Village house (as opposed to about a month in 2015).
2017 numbers will be in soon – we will update this page after the first of the year.
[For comparison, here are the numbers from just a few years earlier: In 2011, a total of 38 houses sold in Shepherd Park and Colonial Village, at prices between $250,000 and $1,230,000 (average $617,247). The average for Colonial Village: $706,915/ 13 closed sales, and that for Shepherd Park: $570,620/ 25 closed sales. 10 single family homes were rented, at prices between $2,300 and $6,000 (averaging $3,333).]
Shepherd Park and Colonial Village DC, a set on Flickr.