DC Real Estate Market: 2020 Recap

January 12, 2021Real Estate & Local News

Listing service Bright MLS reports today that the median price of a home sold in the D.C. metropolitan region hit a record of $500,000 in 2020, 8.7% higher than the 2019 median. Low interest rates and inventory levels have combined to push the median sales price up, despite disruptions in the spring market due to … Read More

Impact of the Recent Stimulus Law on Homeowners & Renters

January 4, 2021Real Estate & Local News

The most recent $900 billion stimulus package passed by Congress and signed into law on December 27, 2020 includes several provisions that will affect homeowners and renters: Rental Assistance *The law extends eviction protection until January 31 and provides $25 billion in rental assistance for individuals who lost their sources of income due to the … Read More

5 Key Questions Before “Going Solar”

November 2, 2020Real Estate & Local News

If you are considering adding solar panels to your home, you will want to consider some of these key questions to make sure your home is well-suited for this energy source: 1. How much is your energy bill? There are many reasons for wanting to go solar, but if you are hoping to see a … Read More

DC Area Home Seller Profits Up 30% Last Quarter

October 26, 2020Real Estate & Local News

A recent report from ATTOM Data Solutions found that homeowners in the DC area who sold in the third quarter of 2020 earned a record-high average profit of $92,100, representing a 30% increase from the same time in 2019 and 26% return on investment. The previous high was set in the first quarter of 2008. … Read More

Ritz-Carlton to Develop 65 Condominiums in Chevy Chase

October 9, 2020Real Estate & Local News

Ritz-Carlton Residences will partner with Bozzuto to bring a 65-unit condominium building to 8507 Connecticut Avenue in the Chevy Chase Lake development. The building will span seven stories and include retail space. The top floor will be 12,000 square feet and have a fitness center, yoga and meditation space, piano lounge/event space, and co-working areas. … Read More

5 Great D.C. Bike Trails

September 22, 2020Real Estate & Local News

Whether you’re a serious or an amateur cyclist, the D.C. area is home to a wide variety of bike trails, and the fall is one of the best times to get out and enjoy them. Below, we’ve highlighted five of the greatest trails around D.C. 1. The Chesapeake & Ohio Canal This historic park follows … Read More

Top 6 Maryland Suburbs with Highest Price Appreciation

September 13, 2020Real Estate & Local News

Local real estate website UrbanTurf identified the six Maryland suburbs that have seen the highest home price appreciation in 2020: #1 – Mount Rainier (17.7% increase) • 2019 Median Home Price: $395,000 • 2020 Median Home Price: $465,000 #2 – Takoma Park (16.8% increase) • 2019 Median Home Price: $445,000 • 2020 Median Home Price: … Read More

Fall Home Maintenance Checklist

September 5, 2020Real Estate & Local News

With the fall season quickly approaching, now is the best time to get your home in shape before shorter days and the cold weather make outdoor work difficult. Below are some home maintenance ideas to help prepare your home for the upcoming seasons: Exterior – Fertilize and reseed your lawn—during the fall, grass roots grow … Read More

DC Real Estate Market Update: July 2020

August 11, 2020Real Estate & Local News

The DC metro real estate market maintained its momentum in July, as interest rates ended the month at 2.99% and unemployment held below the national average. July marked a ten-year high for median sales prices in the DC region, with the median sales price rising nearly 13% year-over-year to $530,000. The previous ten-year high for … Read More