"We always like to say - you know for the longest time - [D.C.] is undervalued in the sense of being the capital of a country," Robert Hryniewicki of HRL Partners, which is under the Washington Fine Properties umbrella, said. "If you look at other capitals of the world - whether it's Paris or London or Berlin - the cost of living compared to the rest of the country is very expensive." Researchers and market experts often use words like, "moderate" and "stable" to describe D.C.'s housing market. The metro is rarely on the top of the booming market rankings, but it's also never on any lists of "over-inflated" or "juiced-up" markets. But now D.C.'s days in the shadows are over, says Hryniewicki. "it was all fueled, really, by the pandemic," he says, "but we're starting to see the appreciation." "It's a market that's a big, powerful small town," is how Tom Anderson, president of Washington Fine Properties describes it. "D.C.'s become a well-recognized luxury market. ... We've owned our company here for 25 years, the market and the price points have been going up and up." ... "With the exception of that one building on Georgetown's harbor, you really didn't have any luxury waterfront in D.C. proper," says Jason Mendel, an associate broker with Washington Fine Properties. "If you look at any other big metropolitan area, the highest price points are on the water." "I think, if we had a time machine to go 10 years in the future, we'd be saying Anacostia [as the next Navy Yard for investors]," Mendel said. "I think Anacostia is gonna be like how Brooklyn is now to Manhattan."
"We always like to say - you know for the longest time - [D.C.] is undervalued in the sense of being the capital of a country," Robert Hryniewicki of HRL Partners, which is under the Washington Fine Properties umbrella, said. "If you look at other capitals of the world - whether it's Paris or London or Berlin - the cost of living compared to the rest of the country is very expensive." Researchers and market experts often use words like, "moderate" and "stable" to describe D.C.'s housing market. The metro is rarely on the top of the booming market rankings, but it's also never on any lists of "over-inflated" or "juiced-up" markets. But now D.C.'s days in the shadows are over, says Hryniewicki. "it was all fueled, really, by the pandemic," he says, "but we're starting to see the appreciation." "It's a market that's a big, powerful small town," is how Tom Anderson, president of Washington Fine Properties describes it. "D.C.'s become a well-recognized luxury market. ... We've owned our company here for 25 years, the market and the price points have been going up and up." ... "With the exception of that one building on Georgetown's harbor, you really didn't have any luxury waterfront in D.C. proper," says Jason Mendel, an associate broker with Washington Fine Properties. "If you look at any other big metropolitan area, the highest price points are on the water." "I think, if we had a time machine to go 10 years in the future, we'd be saying Anacostia [as the next Navy Yard for investors]," Mendel said. "I think Anacostia is gonna be like how Brooklyn is now to Manhattan."
