If you are preparing to list your home for sale, certain features may make your home stand out among the competition, helping it to sell for a premium and in a shorter amount of time than comparable properties. Zillow Economic Research analyzed 4.6 million home sales across the country, completed in 2017 and 2018, to … Read More
*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
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
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
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
#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
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
With one of the most expensive housing markets in the country and a population that is expected to top a million people by 2045, what actions can be taken to mitigate DC’s affordable housing gap? Last week, the city unveiled a comprehensive report titled “Resilient DC,” which details the District’s plans to tackle housing challenges … Read More
6201 Wiscasset Rd Sale Price $1,850,000 Original List Price: $1,945,000 Subdivision: Glen Echo Heights Features: 6 bedroom, 6.5 bath Craftsman by Castlewood Builders; all en-suite bedrooms; over 6,000 SF; in-law suite on entry level; gourmet kitchen 6210 Wedgewood Rd Sale Price: $1,825,000 Original List Price: $1,925,000 Subdivision: Woodburn Features: Contemporary new construction with 6 bedrooms … Read More
Sellers’ command of the Washington-area real estate market may be weakening: real estate firm Trulia reports that 45% of DC-metro zip codes are shifting to more buyer-friendly conditions, compared to 15% last year. Analyzing factors such as how long homes are staying on the market, how frequent price cuts occur, and the ratio of sale … Read More