DC-Area Home Prices Set Record, Inventory Hits 6-Year Low

July 17, 2019Real Estate & Local News

Median home prices for June reached the highest price on record for the region at $490,000, up 4% year-over-year (source: Bright MLS). June was the 33rd consecutive month of price appreciation when compared to 2018 levels. Homebuyers are facing intense competition, as the number of listings overall have dwindled 13.3% and new-to-market listings fell 7%. … Read More

Top 5 Bethesda Home Sales: June 2019

July 8, 2019Real Estate & Local News

5600 Brite Drive Close Price: $2,895,000 Original List Price: $2,895,000 Days on Market: 1 Subdivision: Bradley Hills Features: 5 bedroom, 5.5 bath Colonial; gourmet kitchen with large center island; screened porch off kitchen; master suite with walk-in closets & spa-like bath 6810 Barrett Lane Close Price: $2,750,000 Original List Price: $3,195,000 Days on Market: 67 … Read More

Montgomery County Development Updates

June 24, 2019Real Estate & Local News

*The Montgomery County Planning Board will freeze residential construction in roughly 12% of the county for one year, starting July 1, due to overcrowding in neighborhood schools. Most of the areas in moratorium are in the southeastern portions of Montgomery County, including parts of Bethesda and Silver Spring. The suspension on new construction is intended … Read More

DC Median Home Price Up 56% from 2010

June 19, 2019Real Estate & Local News

A new report issued by the Greater Capital Area Association of Realtors found the median price of a home sold in DC this May was $600,555, up 56% from the median price for May 2010 and the highest level for this month in a decade. May closed sales were down 2.4% from 2018; however, pending … Read More

Arlington Home Prices Expected to Spike 17.2%

June 12, 2019Real Estate & Local News

A new report released by the Northern Virginia Association of Realtors and the George Mason University Center for Regional Analysis found that the median home price in Arlington County is on track to rise 17.2 percent by the end of 2019 if current trends hold. This projected increase significantly outpaces the 5.1 percent increase in … Read More

12 Tips for Preparing Your Home Before Leaving Town

June 10, 2019Real Estate & Local News

Heading out of town on a summer vacation? The last thing you want is to be worrying about your home while you’re away. Here are simple steps you can take to prepare your home for an extended absence:  *Unplug small appliances and electronic devices (routers, televisions, computers, unused chargers, etc.) *Switch the water heater to … Read More

Top 5 Bethesda Home Sales: May 2019

June 3, 2019Real Estate & Local News

#1 – 5305 Hampden Lane Close Price: $2,400,000 Original List Price: $2,595,000 Subdivision: Edgemoor Features: 4 bedrooms/3.5 baths; 0.35 are lot in close proximity to downtown Bethesda #2 – 7204 Marbury Road Close Price: $2,150,000 Original List Price: $2,150,000 Subdivision: Kenwood Park Features: 5 bedrooms/5.5 baths; newly completed luxury home by Mid-Atlantic Custom Builders; chef’s … Read More

DC Housing Market Hit Record High Prices in April

May 13, 2019Real Estate & Local News

The April housing report by ShowingTime found that DC-area home prices hit a record high of $475,000, representing a 5.6% year-over-year increase. The increase was driven by a surge in condo pricing, up 6.4%, and a higher ratio of single-family homes sold. Notwithstanding the elevated home prices, buyers remained active in the region. There were … Read More