dc market: The DC Real Estate Market - 09/26/09 08:20 AM

Here are some statistics as complied by our Multiple Listing Service for the month of August.  
These numbers are comparing against August 2009 vs August 2008:
 
 
Total dollar amount of sold homes: $280,734,055 Up .59% 
The Average SOLD Price: $466,336 Down  16.29%
Total Homes Sold: 602 Up … (1 comments)

dc market: Multiple Offers are everywhere - at least in the DC Metro Area - 09/23/09 08:34 AM
One of my buyers; frustrated at the lack of inventory this summer; was excited to see several new listings hit the market over the weekend. 
So we headed out early Saturday morning to start looking at properties.
She found a couple she REALLY liked.  We talked about it - and she … (3 comments)

dc market: Fall is here; time for Real Estate to heat up - 09/04/09 08:40 AM
This weekend is the traditional end of summer.  Even though most schools have started back up; Labor Day weekend often signals that summer is over and it's time to get back into the grind of day to day life.
The Real Estate Market is also affected by the end of summer.  While homes … (1 comments)

dc market: Now that the election is over; the DC Real Estate Market will pick up - Right??? - 11/09/08 01:36 PM
I have only been asked this question about 15 times in the past few days.  Of course if I could predict things - I would be Vegas right now!
Yes it is true that the election is finally over.  No matter whom you voted for - you must admit - not … (8 comments)

dc market: Washington, DC : Market Update 9/29/08 - 09/29/08 09:26 AM
Current Number of Homes Active and Under Contract in the Washington DC area:

Here is the breakdown as of September 29th, 2008
This week inventory levels are up slightly; which is normal during the Fall "Selling Season". 
Montgomery County and Arlington County; continue to have inventory levels close to last year.
Washington … (1 comments)

dc market: Forget the Burbs... City Life means less Gas! Lose the Car! - 08/22/08 10:59 AM
The gas station by my house stops the pump when it hits $50.  Something about how the computer is programmed for Discover Credit Cards.  (5% Cash Back for gas purchases!).
So I always joke that I haven't had a full tank of gas in months!  But today I stopped at another … (3 comments)

dc market: Washington, DC : Market Update 5/26/2008 - 05/26/08 07:36 PM
Current Number of Homes Active and Under Contract in the Washington DC area:
Here is the breakdown as of May 26th, 2008
 
In most of the DC area, home inventory continues to stay at multi-year highs (with the exception of Arlington County).  Arlington County inventories are in fact, lower than … (4 comments)

dc market: Glover Park - Washington, DC: Homes For Sale & Recently Sold - 01/15/08 04:28 AM
There are many great condominums in the Glower Park neighborhood.  The most populous are 1 bedroom units, follwed by 2 bedooms and few studios.   
Here is a breakdown of the Condos Curently For Sale in the Glover Park Neighborhood of Washington DC:
 
Here is a chart showing the Condos SOLD (since Nov 1, '07), in Glover … (1 comments)

dc market: DC Market Update 1/14/2008 - 01/15/08 02:46 AM
DC Market Update 1/14/2008
Current Number of Homes Active and Under Contract:
Here is the breakdown as of January 14th, 2008
As TYPICAL for the couple of weeks after New Years- Home Inventory (Number 'Active') jumped quite a bit; as many of the over 900 "EXPIRED" listings from last week; have re-listed their … (0 comments)

dc market: Glover Park, Washington DC : Profile of a DC Neighborhood - 01/09/08 11:11 PM
Every month I will feature a different DC neighborhood.
This month features: Glover Park.
Glover Park is an area in North West Washington DC; just North-West of Georgetown and West of Observatory Circle, where the Us Navy Observatory is located; and more importantly, the Vice-Presidential Mansion.
A small neighborhood, (about 1 square mile); it is bordered by … (1 comments)

dc market: DC Market Update 1/7/2008 - 01/07/08 08:57 AM
DC Market Update 1/7/2008
Current Number of Homes Active and Under Contract:
Here is the breakdown as of January 7th, 2008
Home Inventory (Number 'Active') continues to decrease; mostly due to the number of "EXPIRED" Listings; which was VERY high.
Many of these homes will return to the market place next week; yet others will most … (0 comments)

dc market: Did your Washington DC home not sell? We may have a new record in Expired Listings! - 01/02/08 09:10 AM
Like many Realtors, I monitor the number of "Expired" Listings in the Washington DC area.  An "Expired" listing is a home that has not sold; and the listing contract the seller had signed with their Real Estate Brokerage has now ended or Expired.
The end of the month usually sees the greatest … (1 comments)

dc market: 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)

dc market: 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)

dc market: 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)

dc market: 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)

dc market: 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)

dc market: 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)

dc market: What's Selling - DC - Logan/Mt Vernon Square Neighborhoods - 11/19/07 02:09 PM
Properties that sold 11/12 - 11/18
ADDRESS:                                           LIST PRICE        CLOSE PRICE    DAYS ON MARKET
1402 SWANN ST NW #5                           $599,000           $580,000             114
1625 16TH ST NW #303                          $519,900           $520,000             177
1715 15TH ST NW #201                          $550,000           $530,000              61
910 M STREET NW #620                          $509,900           $515,000              68
1441 RHODE ISLAND AVE NW #302           $634,900           $644,000              30
1703 13TH ST NW #2                             $639,900          … (4 comments)

dc market: DC Market Update 11/12/07 - 11/12/07 08:46 AM
Current Number of Homes Active and Under Contract:
Here is the breakdown as of November 12th, 2007
-- As somewhat expected - Prince Georges County breaks the seasonal norms; by seeing a significant increase in the number of properties come on the market.  Many of these were homes that expired last week.
The … (0 comments)

 
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James Downing - REALTOR®,GRI, ABR - DC Real Estate

Washington, DC

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Coldwell Banker Residential Brokerage

Address: 5028 Wisconsin Ave NW, Suite 100, Washington, DC, 20016

Office Phone: (202) 362-5800

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