On the Market in Palisades/Foxhall
Palisades/Foxhall Real Estate
Guide to Palisades / Foxhall
Tucked away on northwest edge of the District, Palisades/ Foxhall Village is truly its own little town within the big city. A largely residential area, it is distinguished from the rest of DC by its European feel and strong sense of community. Though it is not as busy as the downtown area, Palisades/ Foxhall still has many great eating options and is an easy trip to other, more commercial neighborhoods. With all the benefits of living in a big city without the traffic and crowded sidewalks, Palisades/ Foxhall has something to offer everyone.
Living Life on the Edge
Located to the northwest of Georgetown, Palisades/ Foxhall is on the edge of the district, bordered to the west by the Potomac River. Its landlocked boundaries are harder to define, roughly bordered by Longboro Road to the east.
Easy Access to Everywhere
Well off the beaten path of regular Washingtonians, a metro station does not serve the Palisades/Foxhall area. Perfect for commuters with cars though, the neighborhood is close to the Key Bridge, which will take you to the George Washington Parkway, I-66 and Route 50. In addition, it is a quick and easy drive to The Kennedy Center, Georgetown and Bethesda. For people without cars, a few bus lines run through the area including the D3, D5, D6 and M4.
English-Inspired in America’s Capital
The Palisades/ Foxhall neighborhood has a distinct, small-village vibe, and for good reason. The layout for Foxhall is said to be inspired by the English town of Bath, where the original designers had visited. The village gets its name from Henry Foxhall, a friend of Thomas Jefferson who owned a farmhouse in the community.
Upscale Houses with a View
Palisades is mostly residential, with tree-lined streets and not too much traffic. Many of the houses are bungalows, Cape Cods or colonials, with a smattering of modern designs here and there. Mostly consisting of single-family homes, along MacArthur Boulevard there is a selection of condos, townhomes and apartment buildings. Houses along the bluff on Potomac Ave enjoy breathtaking views of the river and Virginia riverfront, and at night the sunsets are often stunning.
Foxhall’s main feature is Tudor-style homes finished in brick, stucco and half-timbering. The sidewalks are green with trees and gardens, further contributing to the village-y vibe. Overall, houses in this area are a bit on the expensive side and residents range from young families to long-time residents.
Restaurants Bring Spice to Neighborhood
Palisades/ Foxhall is not a hugely commercial area, though The MacArthur Boulevard Commerical Corridor has a standard strip of convenience stores, pharmacies and dry cleaners. However, while the area lacks retail options, it makes up for it in a selection of high-quality restaurants.
If you’re craving seafood, Black Salt is a community favorite. Half market, half high-end restaurant, crowd favorites include the Asian-inspired black bass, sweet oysters and the decadent peanut butter crunch cake. While Black Salt does have an extensive menu, customers can also pick whatever they want from the market and have it prepared for them.
Right down the road is Makoto, a traditional Japanese restaurant. Small but upscale, the inside has a Zen-like atmosphere. Popular picks include the dried baby shrimp with soy broth and eggplant, Chilean sea bass and black cod, and the grape sorbet with a hint of grand marnier to finish up the evening.
If you’re in the mood for a more casual meal, a local go-to is Jetties, which serves a huge selection of salads and sandwiches. And Et Voila is a great Belgian option for any time of the day, but especially brunch. Other dining options are not far, with endless choices a short trip away in Georgetown.
Small Towns Stick Together
Because Palisades/ Foxhall is a smaller area, somewhat removed from the rest of DC, the community has really come together, with a strong sense of loyalty to the area. In recent years, residents have formed the Palisades Community Fund, a grant-making committee that raises money to support local projects for schools, libraries and landscaping. In addition, the Palisades Village is a non-profit devoted to helping senior citizens maintain active lives. Palisades Village provides transportation to medical appointments, helps with grocery shopping and hosts dinner, sightseeing trips and lecture series.
Every year, the community gathers for the legendary Fourth of July Parade. Though the neighborhood is small, don’t underestimate its ability to throw an all-out celebration. Featuring bands, equestrian units, community groups and children, the night finishes up with fireworks and a concert.
Real Estate Market Stats
Basic Stats Overview
Data Source: MRIS Listing Data, Last Updated: 2/22/2018
|Homes for Sale||23||+13.0%||-39.1%|
|Solds: 90 Day||39||-15.4%||+43.6%|
|Average List Price/Sold Price||96.38%||-0.2%||+1.1%|
|90 Day Sold||$1,436,308||-5.5%||0.0%|
|90 Day Sold||$1,240,000||-2.8%||-1.5%|
|Days on Market|
|90 Day Sold||54.74||+5.3%||+6.2%|
|Homes for Sale||20||+5.0%||-45.0%|
|Solds: 90 Day||24||-33.3%||+45.8%|
|Average List Price/Sold Price||95.85%||-0.4%||+1.6%|
|90 Day Sold||$1,916,917||+1.6%||-2.2%|
|90 Day Sold||$1,689,500||+4.1%||-4.2%|
|Days on Market|
|90 Day Sold||70.79||+20.7%||+12.9%|
|Homes for Sale||2||+50.0%||N/A|
|Solds: 90 Day||9||+22.2%||+44.4%|
|Average List Price/Sold Price||98.77%||-0.1%||-1.8%|
|90 Day Sold||$942,222||+3.8%||-8.4%|
|90 Day Sold||$925,000||0.0%||-3.6%|
|Days on Market|
|90 Day Sold||24.89||-94.0%||+28.5%|
|Homes for Sale||1||N/A||-200.0%|
|Solds: 90 Day||6||0.0%||+33.3%|
|Average List Price/Sold Price||99.56%||+2.0%||+1.8%|
|90 Day Sold||$255,000||+5.1%||+0.1%|
|90 Day Sold||$245,500||+3.4%||-4.0%|
|Days on Market|
|90 Day Sold||35.33||+6.6%||-69.1%|
What does the most expensive home in Palisades / Foxhall look like?
3030 CHAIN BRIDGE RD NW, WASHINGTON, DC 20016
How about the least expensive?
4840 MACARTHUR BLVD NW #205, WASHINGTON, DC 20007
2427 CHAIN BRIDGE RD NW, WASHINGTON, DC 20016
How Much is Available?Data Source: MRIS Listing Data, Active Inventory
The number of Palisades / Foxhall 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 Palisades / Foxhall 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 Palisades / Foxhall 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 Palisades / Foxhall 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 Palisades / Foxhall
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 Palisades / Foxhall homes that sold in the past 90 days.
Every Sunday, rain or shine, there is a delightful farmers market operating on 48th Place NW in Palisades. The food sold all comes from the Chesapeake Bay Watershed areas. Some of the regular vendors are Stachowski Brand Charcuterie, Blueberry Hill Organic Produce, Spriggs Delight Farm, Gonzales Produce and many others. The market is sponsored by the Palisades Citizens Association. The hours of operation are from 9am to 1pm every Sunday.