What's Selling - DC - Logan/Mt Vernon Square Neighborhoods - 12/31/07 09:50 AM
What's Selling - DC - Logan/Mt Vernon Square Neighborhoods
Properties that sold 12/24 - 12/30
Type of Property #BR/Baths List Price Closed Price # Days on Market
Condo 2/2.5 $899,000 $870,000 18
Condo 1/1 $279,000 $267,500 55
Condo 1/1.5 $469,900 $460,000 9*
Condo 2/2 $639,000 $630,000 118
Condo 1/1 $299,900 $297,000 19*
*Units were part of multi-unit, newly-built complexes; DOM may not be accurate
This area boarders U … (0 comments)
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DC Market Update 12/31/07 - 12/31/07 09:41 AM
DC Market Update 12/31/07
Current Number of Homes Active and Under Contract:
Here is the breakdown as of December 31st, 2007
The Home Inventory (Number 'Active') continues to decrease; especially this week. The number of "EXPIRED" Listings was quite large.
With the exception of Washington DC; Home Inventories remain higher than the same time last year.
Here are … (0 comments)
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DC Homes For Sale - 12/28/07 09:52 AM
Here are the current Single Family (non-condo) homes for sale in some of the Washington DC neighborhoods.
As you can see; Capitol Hill has the most number of Homes for sale in the (close to downtown) areas. Capitol Hill remains an area where many want to live because of its proximity to … (3 comments)
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DC condos on the market - 12/28/07 09:36 AM
The number of condos for sale in Washington DC are highest in the Adams Morgan area of DC. A popular area of the city; close to many restaurants and nightlife spots. It is also an area where parking can be a bit (or ALOT) scarce.
Dupont Circle; offering its close Proximity to … (2 comments)
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Mr Lender: I really don't want your Free Lunch - 12/26/07 08:06 AM
Mr Lender: I really don't want your Free Lunch - Honest I don't.
About twice a month, I receive an email or phone call from a new Lender. They always tell me how they heard how wonder I was or saw my great website, etc, etc, etc. (Thanks for stroking my ego … (11 comments)
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Merry Christmas - 12/25/07 09:38 AM
Merry Christmas and Happy Holidays to all my Active Rain Friends!
Hopefully we all find time to spend time with family and have a chance to share fun times together.
Let the New Year bring us more time to share ideas and learn from each other.
May 2008 also bring us Great Referrals - Many Wonderful … (8 comments)
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What's Selling - DC - Logan/Mt Vernon Square Neighborhoods - 12/24/07 09:05 AM
What's Selling - DC - Logan/Mt Vernon Square Neighborhoods
Properties that sold 12/17 - 12/24
Type of Property #BR/Baths List Price Closed Price # Days on Market
Condo 2/2 $409,646 $360,000 111*
Condo 1/1 $289,097 $285,000 89*
Condo 3/2.5 $1,200,000 $1,150,000 68
Row House 2/2.5 $1,475,000 $1,445,000 58
Condo 1/1 $369,900 $355,000 45
Condo 1/1 $285,000 $280,000 47
Condo 1/1 $434,000 $420,000 59*
Condo 1/1 $434,000 $424,000 39*
Row House 3/2.5 $899,900 $890,000 47
Condo 3/2.5 $539,000 $524,000 24*
Condo 3/2.5 … (0 comments)
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DC Market Update 12/24/07 - 12/24/07 08:42 AM
DC Market Update 12/24/07
Current Number of Homes Active and Under Contract:
Here is the breakdown as of December 24th, 2007
The Home Inventory (Number 'Active') continues to decrease; but at a rate that is slower than seasonal norms.
The # of condos on the market in DC and Arlington - are very close … (0 comments)
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Do I Have to pay Capital Gains Tax? - 12/23/07 10:01 AM
Tax Time is coming and if you sold your home this year; it is important to figure if in fact you will need to pay Capital Gains Tax.
Prior to May 7, 1997; if you sold your Home and made any profit on the sale, you would have to pay taxes; unless … (5 comments)
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DC First Time Home Buyer Federal Tax Credit - 12/23/07 09:55 AM
With Tax season fast approaching; it is important for those Home Owners who purchased a property in Washington DC in 2007 to remember about the DC First Time Home Buyer Tax Credit.
The Tax credit, originally part of a tax cut plan in 1997; has been extended a few times; most recently … (0 comments)
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Surviving a Politically Correct Christmas (I mean Holiday) ... - 12/21/07 03:27 PM
Surviving a Politically Correct Christmas (I mean Holiday) ... isn't as easy as it used to be.
The world I grew up in we never worried about offending someone by saying Merry Christmas or sending a card with a Christmas Tree or Santa Claus on the front. Did we offend folks? Maybe - … (7 comments)
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Should I refinance now? - 12/20/07 08:26 PM
Should I refinance now? Is a question that many Home Owners are asking themselves. Especially those with ARM's that will reset and head UP in the coming months.
Currently Mortgage rates have climbed for the past 2 weeks. This week the 30-year fixed averaged 6.14% an increase from last week when it was 6.11% average. This … (1 comments)
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I don't need a REALTOR - I am using a builder ! - 12/20/07 05:28 PM
I don't need a REALTOR - I am using a builder and he said I will get a better deal without you. Thanks anyway!
This story I have heard a couple of times; as have many Realtors. I never expect every deal or every client to get to the settlement table. Some … (5 comments)
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You want Feedback on your Listing? Don't call me 5 weeks later! - 12/19/07 10:11 AM
I always love to give honest and constructive feedback to Listing Agents about their homes that I have shown to my buyers.
Yes, we know sometimes it is a pain to answer 10 to 20 phone calls on Monday and Tuesday; after a long weekend of showings. But you know what - … (7 comments)
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What's Selling - DC - Logan/Mt Vernon Square Neighborhoods - 12/17/07 12:19 PM
What's Selling - DC - Logan/Mt Vernon Square Neighborhoods
Properties that sold 12/10 - 12/17
Type of Property #BR/Baths List Price Closed Price # Days on Market
Row House (4 floor Shell) $975,000 $845,000 51
Condo 2/2 $444,348 $439,000 412
Condo 1/1 $380,000 $362,790 148
Row House 3/2.5 $735,000 $722,000 67
Condo 2/1.5 $399,000 $380,000 190
Condo 2/2 $540,000 $538,000 197
Condo 2/2 $430,900 $430,900 0*
*Units were part of multi-unit, newly-built … (0 comments)
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DC Market Update 12/17/07 - 12/17/07 12:02 PM
DC Market Update 12/17/07
Current Number of Homes Active and Under Contract:
Here is the breakdown as of December 17th, 2007
The Home Inventory (Number 'Active') continues to decrease; but at a rate that is slower than seasonal norms.
The number of homes 'Pending' or under contract is at or near 2+ year lows. … (0 comments)
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Stolen Blog Posts - Copyright Thief amongst us - 12/17/07 10:43 AM
No - this is not a post by Lenn Harley - but I now know how she feels when someone steals her property.
No - nobody stole my TV or my Ipod - that would have required effort. This person stole my blogs. Not a few words, or maps or charts. THE WHOLE … (16 comments)
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Mortgage Interest Rates in 2007 - 12/16/07 09:56 PM
Mortgage Interest Rates in 2007 - went UP; DOWN; and every where in-between. What will happen next year in 2008 is anyones guess.
The Fed recently cut their Fed Funds rate by .25%. While this does not directly impact the Mortgage Interest Rate; it does tend to have a ripple effect on the economy. … (1 comments)
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What is the Average List Price for a DC condo? - 12/15/07 10:42 AM
As with every city; the cost of a home varies greatly by neighborhood. Here is a breakdown by Zip Code (and the Neighborhood).
As you can see; Cleveland Park and Adams Morgan tend to be where the more expensive condos are for sale; with Brookland and SW DC, being the more inexpensive areas.
*This … (1 comments)
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Will you have Good or bad Karma in '08 ? - 12/14/07 11:29 AM
I read stories on A/R and hear stories from frineds about people who should be careful of a bite from having BAD KARMA!
What is Karma?
No the kind of CAR-MA my pal Patricia Kennedy talked about 2 months ago.
This is KARMA: (from Wikipedia) is the concept of "action" or "deed" in Indian … (2 comments)
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What's Selling - DC - Logan/Mt Vernon Square Neighborhoods - 12/12/07 07:55 AM
Properties that sold 12/2 - 12/10
Type of Property #BR/Baths List Price Closed Price # Days on Market
Row House 2/1 $450,000 $450,000 64
Condo 1/1 $299,900 $299,000 35
Condo 1/1 $309,900 $301,400 21
Row House 3/2.5 $499,900 $490,000 31
Condo 2/1 $215,000 $215,000 21
Condo 1/1 $454,900 $454,900 0*
*Units were part of multi-unit, newly-built complexes; DOM may not be accurate
This area boarders U Street to the North; 16th … (0 comments)
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What is Radon? Should I test for it? - 12/10/07 09:10 PM
I recently had a Buyer ask me about Radon. His wife mentioned to him that she heard from someone (who I think heard from someone) that radon was bad it should be tested for. But he didn't really know anything about it. Most people do not.
WHAT IS IT?? Radon is a … (1 comments)
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Does the DC area really have a Buyer's Market? - 12/10/07 12:11 PM
What is a Buyer's Market? It is considered a market where there are more sellers than buyers.
How does one know if there are more buyers than sellers? REALTORS look at a couple of different pieces if data. The number of homes on the market; how many homes are selling and … (0 comments)
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How did November compare in the DC Real Estate Market? - 12/10/07 09:54 AM
The month of November had mixed results around the DC Metro area.
Most areas (inside the beltway) saw an Average Sold Price, higher than it was for last November. The exception being Prince Georges County, where the average sold price continues to fall due to such a high inventory of homes … (0 comments)
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DC Market Update 12/10/07 - 12/10/07 08:50 AM
Current Number of Homes Active and Under Contract:
Here is the breakdown as of December 10th, 2007
Only minor changes in the number of properties on the market this week. In all 3 areas; the number of homes "pending" or "under contract" is near the lowest point for the year. (Normal for December)
In … (0 comments)
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Let it snow.... - 12/05/07 05:14 PM
Yes.... our first snow in DC.... ok I am ready...
My checklist.....
Winter Coat CHECK
Warm fuzzy scarf CHECK
Heavy socks CHECK
Earmuffs CHECK
Gloves ...Gloves ...Gloves WHERE ARE MY GLOVES !!!!!! (Above)A snowy Dupont Circle
YUK - I also cant find my snow scraper.....
All in all not that bad. Unless you live in the burbs. Traffic is … (10 comments)
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DC condos on the market - 12/05/07 12:40 PM
Below you can see the current number of Condos Active on the Market in some of the popular Washington DC Neighborhoods.
While the Logan Circle/Shaw area has a great many 2 bedroom units available; most areas have the majority of condos available as 1 bedroom units. Of course 3 bedroom condos are … (0 comments)
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Condos Sold in SW DC... - 12/05/07 11:43 AM
Last November, 4 condos sold in SW DC / known as the Waterfront.
The properties sold between: $320,000 - $480,000
The average List price was: $408,225
The average SOLD Price was: $398,725
Average Days on the Market: 80
Search for Homes in Washington DC DC Real Estate News
Call James for all your Real Estate needs and … (0 comments)
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Condos Sold in the Dupont Circle area... - 12/05/07 11:37 AM
Condos sold in DUPONT CIRCLE* in November 2007
18 condos sold in the Dupont area....
*This area includes parts of NW DC, Between L and U Street and 15th to 24th Street.
Search for Homes in Washington DC DC Real Estate News
Call James for all your Real Estate needs and questions; servicing Dupont Circle and the … (0 comments)
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Washington DC Condo Report - 12/05/07 11:09 AM
Washington DC is still a very desirable place to live and yes, it is an expensive city. Condos remain quite popular throughout the Washington DC area.
Here is a summary of the condos in Washington DC:
Current number of condos on the market: 1,236
Average SOLD price for a condo (Nov): $348,413
Expect to pay....Example … (0 comments)
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What's Selling - DC - Logan/Mt Vernon Square Neighborhoods - 12/03/07 10:15 AM
Properties that sold 11/26 - 12/2
ADDRESS: LIST PRICE CLOSE PRICE DAYS ON MARKET
1115 12TH ST NW #602 $454,598 $430,000 160*
1529 8TH ST NW $1,180,000 $1,145,000 81
1524 5TH ST NW $469,000 $465,000 13
1306 RHODE ISLAND AVE NW #1 $599,000 $525,000 27
1306 RHODE ISLAND AVE NW #4 $1,250,000 $1,200,000 41
1414 11TH ST NW #1 $595,000 $580,000 120
1300 N ST NW #305 $499,900 $505,000 … (0 comments)
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DC Market Update 12/03/07 - 12/03/07 09:59 AM
Current Number of Homes Active and Under Contract:
Here is the breakdown as of December 3rd, 2007
In Arlington and Washington DC; the number of homes on the market CONTINUES to be very close to the number on the market at this same time LAST year. (DC condos - 21 less on the market that same … (0 comments)
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What is in my Monthly Mortgage Payment? - 12/02/07 11:07 PM
Well the First most important thing when you are obtaining a mortgage on a property is: WHAT DOES YOUR MORTGAGE PAYMENT include?
Knowing what type of mortgage you have is part of the answer to this question!
Most Mortgage payments include a couple of components.
First and (sadly) foremost is the Interest on … (0 comments)
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In Escrow vs. Escrow Account ... - 12/02/07 10:40 PM
With my recent posts about "Escrow Accounts" some folks have emailed me questions about what "Escrow" really means.
I want to clear up a few points....
What is "Escrow" or "Being in Escrow" compared to an "Escrow Account" ??
In different parts of the country we have different words, language or terms for the … (0 comments)
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Just Sold - 12/01/07 11:03 AM
Looking for more homes for sale? Visit me at www.JamesFindsHomes.com or click the below link to search every Home or Condo for sale in the Washington DC area.
Search for Homes in Washington DC DC Real Estate News
Call James for all your Washington DC Real Estate needs and … (0 comments)
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