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
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
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
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
The Georgetown House Tour returns for its 88th year on Saturday, April 27, featuring eight stunning residences around the city. Since 1930, St. John’s Episcopal Church has hosted the Georgetown House Tour, which raises funds for ministry and outreach. The theme of this year’s tour is outdoor spaces. Houses are within an easy walking distance … Read More
National Cherry Blossom Festival March 20-April 14 This annual festival in downtown Washington includes many events, such as the Blossom Kite Festival (March 30) & the Cherry Blossom Festival Parade (April 13). Anacostia River Festival April 14, 1 pm – 5 pm In its fifth year, this festival celebrates recreation along the Anacostia River with … Read More
3301 N Street NW Original List Price: $7,990,000 Close Price: $6,800,000 Close Date: Feb. 8, 2019 Features: Stately detached corner residence in Georgetown; extensive renovation completed in 2017; gourmet kitchen; limestone terraces & gardens 1675 31st Street NW Original List Price: $5,400,000 Close Price: $4,900,000 Close Date: Feb. 25, 2019 Features: Federal style home in … Read More
*DC Fashion Week kicks off with a Friday night awards show and pop-up shop at The Washington Court Hotel, featuring top DC-based fashion houses including Elizabeth St John, Earle Bannister, and Heydari. The DC Metropolitan Emerging Designers & Indie Artists showcase will take place Saturday at the Liaison Hotel, and you can cap off the … 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
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