Capitol Hills’s condominium market is experiencing a surge thanks to President Barack Obama, specifically to his team who are starting to migrate to the country’s capital city. The increasing demand for abode and condominium units has somehow created an excitement among Capitol Hill’s real estate sector which has also been feeling the economic slump. Condominium sellers in the area have started to spruce up their units with a view of having them rented or sold to the administration’s staff and team.

Almost half of the city’s condominium inventory is located in Washington, D.C. and this is where Obama’s people are headed now that he has started his first weeks in office. Sotheby’s Fred Kendrick said the purchase of five Georgetown houses for a price range of up to $5 million is only a few of the significant sales trickling down in the urban center nowadays. He also predicted more real estate activities in the near future as new Congress members and new White House staff set their eyes on relocating in the area.

The same thoughts were echoed by Terri Robinson, the real estate agent who sold the $2.85 million property in Whitehaven Street to the Clintons.