Posts Tagged ‘Washington D.C.’

DC Real Estate Is Still Selling Quickly

DC real estate is still selling quickly! Properties during August sold for an average of 98.3% of original asking price, and on average in 37 days. Prices took a slight dip of only 0.94% compared to last year. Single Family Homes Average Sale Price: $739,695┬áin 36 days Range: $60,000 – $1,937,500 Rowhomes/Townhomes Average Sale Price: […]

Average DC Prices Climb 13% in November

The November election didn’t slow down the real estate market in DC. About 600 properties sold during November, a huge increase over the 447 in 2011. Of those, only 37 were bank owned or short sale properties. Average prices were up 12.9%, days on the market fell to an average of 53, inventory dropped 34%,and […]

What Does $30 Million Get You?

If you’re willing to forego living in Arlington, you can buy this grandiose Estate from the 18th century known as the Evermay in DC. Back on the market at the bargain price of $25,900,000, nearly 50% off the original list price of $49,000,000 back in October of 2008. Here’s what $26M will get you: Bedrooms: […]

Washington DC Metro Area Makes Headlines – How This Impacts Your Real Estate Market

Men’s Health Magazine did a profile in the March edition of the most Socially Networked Cities across the USA…DC Ranked #1. The rankings were calculated as a measure of per capita engagement on sites like Facebook, LinkedIn, Twitter, blogs, etc. DC got an overall ranking of an A+ What Does That Mean For Your Real […]

Washington, D.C. Real Estate Market Lacking Properties To Sell

Much like the surrounding areas of the D.C. Metro area, The District is at very low inventory levels too. So low in fact, that 52% of the condo/coop inventory in March sold in the first 30 days; for rowhouses/single family homes – it was at 42%. Condo/Coop Inventory is down 16% from this time in […]

Washington, DC Real Estate Market Update – February 2010

We have ourselves a little bit of a seller’s market in the Washington, D.C. area for rowhouses and detached properties; condos aren’t getting bid up quite as much. The big story continues to be the low inventory in DC – rowhomes/detached properties are historically low for the 3rd month in a row, about 30% lower […]

Washington, DC Real Estate Market Update – January 2010

Washington, D.C. is in a bit of “tale of two markets” scenario with their real estate. On the one hand for Condos/Coops, you had the highest average sale price in the last 5 years, while inventory remains at an all time low. However, rowhomes and detached/single family properties had the lowest average sale price in […]

Washington, DC Parking Meters – Price Increase!

Thanks to Ben Franklin, we know that “‘In this world nothing can be said to be certain, except death and taxes”…oh, and parking meter fee increases. It’s that time again in Washington, D.C. As of January 19th, expect ALL of the meters to reflect the updated rates. Here’s the dirt: 1. For most of the […]

Washington, DC Restaurant Week – January 2010

One of the most popular weeks in Washington, D.C. is almost upon us…Restaurant Week starts Monday! Here’s the jist: Lunch: $20.10 for a 3-course fixed-price meal Dinner: $35.10 for a 3-course fixed-price meal Beverages, gratuity and tax are not included. Restaurant week is supposed to run from the 11th through the 17th, however, many of […]

Washington, D.C. Real Estate Market Update – November 2009

Although the District of Columbia has 4 markets in the 4 quadrants – NW, NE, SE, SW – the following stats are for the entire District. Please don’t base any specific properties on the following numbers, the intention is to provide an overall picture of the market. Condos/Co-Ops Inventory is at the LOWEST it has […]

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