On the Market in Mount Vernon Square
Mount Vernon Square Real Estate
Guide to Mount Vernon Square
Mount Vernon Square is an exciting, modern North West DC neighborhood that has recently picked up steam over the past ten years as its population has quadrupled! With the addition of modern condominiums alongside classic row homes, Mount Vernon Square defines what it means to live in a modern DC neighborhood—mixing some of the new with some of the old. Those who move to Mount Vernon find it the perfect blend of places to live, work, shop and dine.
Mount Vernon Square
The Mount Vernon Square, sometimes referred to as The Mount Vernon Triangle, gets its name from two things: The Mount Vernon Square landmark and the shape of the neighborhood. The square is located at the heart of the neighborhood bound by 7th & 5th and L & K streets. The broader neighborhood boundaries are defined by New Jersey Avenue, Massachusetts Avenue and M St, which together make a very distinct triangle.
Within walking distance of Mount Vernon Square are four Metrorail stations, including its own—Mount Vernon Square-Convention Center that services the green and yellow line. Gallery Place-Chinatown, Judiciary Square and Union Station are nearby. There is also extensive bus service in the neighborhood that includes the DC Circulator. And while you definitely won’t need a car living here, I-395, K St and Massachusetts Avenue all service the Triangle.
City Vista is a Main Attraction
The biggest pull for many living in Mount Vernon Square is City Vista, an award-winning, mixed-use development in the heart of the neighborhood. Within the development are a number of apartments for rent at Gables City Vista and two different condominiums—The K and the L, which together feature over 400 luxury units. Perks to living in the condos include fitness centers, community libraries and a rooftop pool.
In addition to residences City Vista also features several dining and retail options including the DC mainstay and Busboys & Poets, a café that features art, global food and a book store. Also featured in the development are classic options such as Starbucks & Chipotle alongside some more exotic fare including Korean and Sushi. For those looking to cook at home, there is a 59,000 sq. ft. Safeway with a deli, bakery and wine department.
History Resonates in some Residences Here
Alongside the luxury condos offered by City Vista, and other newer developments, are a number of classic DC options that come in the form of three and four-story row houses. Originally developed after the Civil War, many of these homes have been restored to elicit their original 19th century style.
Lunch, Dinner and Drinks
While there are many tempting dining options just outside of Mount Vernon Triangle in Chinatown, the triangle also holds many delectable eateries. There are several chains including a DC favorite, Taylor Gourmet, along with Papa John’s, Le Pain Quotidien and Subway.
For those looking to make a night out in the area it’s best to start at Silo, one of the neighborhoods best restaurants, featuring new American dining with creative drinks. After dinner drinks can be found at A&D or Bar 7, which are both Zagat rated bars with specialty drinks and dark, industrial vibes. For less expensive drinks, locals head to the carving room or Ivy and Coney for craft beers and a more casual atmosphere.
Past & Present
Despite Mt. Vernon’s ultra-modern vibe and sleek city planning, it is an area steeped in DC history, as it was one of the original neighborhoods to be features on the L’Enfant Plan for the city. Prior to, and during the Civil War the area was largely unsettled, with the exception of three large homes that once served as an infirmary during the war. These homes also hosted some very famous historical figures, including Vice President John Breckinridge and President Ulysses S. Grant.
The neighborhood began to grow upon the opening of Northern Liberty Market and throughout history it has followed this same trend as the population of the area has continued to expand with the addition of new businesses. The only exception to this trend was the time following the 1968 riots. The area still has ever-present history and today there are many properties in the area that have been preserved based on their historic status.
Real Estate Market Stats
Basic Stats Overview
Data Source: MRIS Listing Data, Last Updated: 12/17/2018
|Homes for Sale||18||+55.6%|
|Solds: 90 Day||16||-75.0%|
|Average List Price/Sold Price||99.11%||-1.0%|
|90 Day Sold||$540,094||-0.9%|
|90 Day Sold||$525,000||+2.4%|
|Days on Market|
|90 Day Sold||26.50||+35.4%|
|Homes for Sale||2||N/A|
|Solds: 90 Day||0||N/A|
|Average List Price/Sold Price||0.00%||N/A|
|90 Day Sold||$0||N/A|
|90 Day Sold||$0||N/A|
|Days on Market|
|90 Day Sold||0.00||N/A|
|Homes for Sale||1||0.0%|
|Solds: 90 Day||3||-33.3%|
|Average List Price/Sold Price||98.65%||+0.6%|
|90 Day Sold||$693,167||+21.0%|
|90 Day Sold||$730,000||+29.7%|
|Days on Market|
|90 Day Sold||40.00||+24.4%|
|Homes for Sale||15||+53.3%|
|Solds: 90 Day||13||-84.6%|
|Average List Price/Sold Price||99.25%||-1.2%|
|90 Day Sold||$504,769||-7.9%|
|90 Day Sold||$500,000||-2.5%|
|Days on Market|
|90 Day Sold||23.38||+36.2%|
What does the most expensive home in Mount Vernon Square look like?
1223 5TH ST NW, WASHINGTON, DC 20001
How about the least expensive?
555 MASSACHUSETTS AVE NW #514, WASHINGTON, DC 20001
460 NEW YORK AVE NW #807, WASHINGTON, DC 20001
How Much is Available?Data Source: MRIS Listing Data, Active Inventory
The number of Mount Vernon Square homes listed for sale. Lower inventory favors sellers in negotiations.
How Many Months of Inventory?Data Source: MRIS Listing Data, Months Inventory
The number of homes listed for sale in Mount Vernon Square divided by the number of homes sold in one month. Higher inventory favors buyers.
More Actives or More Pendings?Data Source: MRIS Listing Data, Active/Pending Ratio
Ratio of homes in Mount Vernon Square listed for sale versus those under contract. The lower the number, the hotter the market.
Are Sellers Negotiating?Data Source: MRIS Listing Data, List/Sold Ratio
Shows a comparison between the final sales price of homes sold in Mount Vernon Square versus their list price.
What is Average?Data Source: MRIS Listing Data, Average Sale Price (90 Days)
Average list price of homes for sale in Mount Vernon Square
How Fast Are They Selling?Data Source: MRIS Listing Data, Days on Market (Sold Listings 90 Days)
Average days from Listing Date to Sold Date for Mount Vernon Square homes that sold in the past 90 days.
Residences at City Center
Tony Williams was the Mayor. Several people came together to share a vision of what a centerpiece multi-use complex artistic rendering would look like in downtown DC. They had a dream. Today, that dream is just about a reality. The condos at City Center are now being offered for sale. Each unit is spectacularly appointed offering condominium living at its finest. The designer is internationally acclaimed architects Foster + Partners. City Center is now open to much success. It has become the grand place to be in Washington DC