*Broad Branch Development is seeking permission from the Montgomery County Planning Board to redevelop a single-family home at 4702 West Virginia Avenue into eight smaller townhomes. The project includes 25,000 square feet of total floor area and below-ground parking with 16 spaces. This type of development would contribute to filling the gap of “missing middle … Read More
Amazon abruptly announced last week that it will not move forward with its planned campus in Long Island City due to mounting public opposition and political pressure. Many cities that had previously vied for the nearly 25,000 jobs the company said it would create in New York are eager to submit new bids; however, the … Read More
Freddie Mac reports today that fixed-rate mortgages have fallen to a twelve month low. The average rate on a 30-year fixed-rate mortgage was 4.37% this week, continuing the steady downward trend that has been going on since last November. The average 15-year fix was 3.81%. Freddie Mac chief economist Sam Khater attributes the drop in … Read More
The New Year kicked off on an especially strong note for sellers in the DC Metro market: the median home price, $420,000, was up 5.0%, making it the 28th consecutive month of year-over-year price increases and the third consecutive month that price appreciation has hit five percent or greater. The average percent of original list price … Read More
The New Year started on a positive note for home purchase consumer sentiment according to Fannie Mae, with the Home Purchase Sentiment Index® (HPSI) increasing 1.2 points to 84.7. The higher HPSI is due in part to an 8% rise in the net share of Americans with higher household income compared to January 2018. Here … Read More
7306 Broxburn Court Close Date: 1/4/2019 Close Price: $2,500,000 List Price: $2,475,000 Features: 6 bedroom, 5.5-bath Craftsman on quiet cul-de-sac in Flint Hill; 7,400 sq. ft. of living space on 4 levels; chef’s kitchen; heated pool; home theater; home gym 5316 Wapakoneta Road Close Date: 1/11/2019 Close Price: $2,060,000 List Price: $2,375,000 Features: 7,200 sq. … Read More
The New Year is a great time for a fresh start—if one of your resolutions is to become a homeowner in 2019, here are some steps you can take to get prepared and, as always, please contact us at any time for a free, no obligation consultation. *Understand your finances – Before you start a … Read More
Here are the top 3 single-family homes that sold in Washington, D.C. this past week: 1) 4316 Fessenden St NW Original List Price: $2,575,000 Sold Price: $2,495,000 DOM: 0 (entered for comp purposes) Features: Spectacular new construction Colonial in AU Park with 6 bedrooms & 5.5 baths; highest-quality materials and workmanship on 4 levels; two-car … Read More
Here’s a roundup of the latest development news around Bethesda: Erickson Living will convert Marriott’s Bethesda Campus into a senior care center. The 33.6-acre property, situated on Fernwood Road, sold for $104.6 million. The developer currently operates 20 senior living communities in 11 states and has local centers in Silver Spring, Catonsville, and Parkville. Marriott … Read More
With a recent softening of the luxury home market, many sellers have had to invest strategically in the amenities most likely to make their property stand out. The Wall Street Journal reported on the top 10 luxury home upgrades that attract buyers: 1) Retractable Glass Walls– buyers are seeking light-filled homes and accordion glass doors … Read More