The historic neighborhood of Shaw is one of D.C.'s hippest communities today. The area is well known for its amazing foodie restaurants, local boutique shops, vibrant murals coloring the streets, impressive concert halls, and gorgeous Shaw real estate properties. Often referred to as the "Harlem of Washington, D.C.," this neighborhood became home to many African-Americans following World War I, transforming into a hub for one of the most significant cultural movements of the 20th century—the Harlem Renaissance.
While the movement was largely centered in New York, the D.C. community provided substantial support for the art and music born during this period. Legendary artists like Ella Fitzgerald, Cab Calloway, Pearl Bailey, and Duke Ellington were stars at Howard Theatre and Lincoln Theatre. This area would later be called "Black Broadway" and one of the most famous national arenas for jazz's most prominent musicians during the 1920s. Over the decades, Shaw has blossomed into the highly-desired neighborhood it is today—calling itself home to around 47,000 residents and possessing several luxe residential developments for prospective Shaw real estate buyers to consider.
What types of properties are there?
Because the years have brought so much renovation to the community, any Shaw real estate agent will describe the neighborhood as an eclectic mix of properties. Prospective buyers who appreciate architectural style from the pre-war period can find row houses throughout the area in addition to stylish, new condominiums. Many buildings have already been renovated, but some homes are primed and ready for updates, allowing the next owner to put their custom touch on their new house. Many of the areas surrounding U Street-Shaw are a mix of residential homes and businesses, which can give potential buyers who are seeking a more downtown vibe precisely what they are searching for. Alternatively, options in several modest, tree-lined blocks are a perfect fit for families with young ones in tow. There truly is a little something for every buyer in this neighborhood.
What is the market like now?
Washington D.C. has had a bit of a housing frenzy the past few years, to put it lightly. On top of the already low inventory, rising interest rates are raising the stakes for homebuyers, and D.C.'s busy spring market in 2022 will be just as competitive. However, higher interest rates inevitably result in some would-be buyers being priced out. According to Axios, the average rate on a 30-year-fixed-rate mortgage was 4.42% in April, up from 3.76% three weeks earlier. This is the largest three-week jump since 1987, and just four months ago, the rate was 3.05%. The demographic of Shaw is also contributing to the competition. A plethora of well-educated and subsequently well-paid workforce are faced with a limited number of homes available to purchase. Are you looking to increase your chances of closing on a home? Reach out to a Shaw real estate agent for professional advice on how to secure your perfect home for sale in Shaw.
Who is living in Shaw?
What to do in Shaw after closing on your property
The Shaw neighborhood is rich with African-American history and culture that directly influenced its shape and rhythm today. This community also holds significant meaning for the country because of its contributions to music and art, from musicians such as Duke Ellington to jazz poets like Langston Hughes. Through the decades, the Shaw neighborhood has evolved into a residential community with something for everyone. Whether you're a student, a new graduate, a moving family, or looking to retire, trusted Shaw real estate agent Frank Snodgrass can provide expert advice to help you navigate the home buying process.
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