Should I buy a Row house in Mount Pleasant DC or Petworth DC?

Many first time DC home buyers are faced with this dilemna. When you can't decide between two areas that you are interested in,you want to write down your wants in one columm and needs in another column.

For instance you might want a house with good space and in a certain price that you are comfortable paying the amount. But it won't be next to the Starbucks Coffee Shop,Gold's Gym,Restaurants or near clubs that you like to go. So why one house might have one thing,you might not have something else that you want. So what is a DC home buyer to do? Well one thing you can do is review these charts:

                                                      Market Stability Summary

	Mount Pleasant zipcode-20010	Petworth zipcode-20011
Median Listing Price*	$470,180	$428,790
Median Days on Market*	35	38
Active Listings*	34	112
Percentage of Distressed Listings*	5.9%	17.0%
Annual Residential Turnover	14%	10%
5+ Years in Residency	32%	42%
Median Years in Residency	3	4

* Single Family Homes and Condos Only

 

 

	20010	20011
Median Age	33	40
Married	20%	24%
Number of Homes	11,350	21,566
Household Size	2.7	2.6
Homes with Children	25%	25%
Total Population	31,010	57,296
Population Growth (since 2000)	4%	-1%
Population Density (ppl/mile)	28,956	10,118

 

For more information that would help you know more about both Mount Pleasant DC and Petworth DC such as Property Ownership,School summary,Price Trends-Sold vs. Listed and Market Inventory Trends Click here.

Hope this blog was helpful to you in making your decision on where should you buy a row house between Mt.Pleasant or Petworth?

Also you can Search Mount Pleasant DC Homes on sale here or Search Petworth DC Homes on sale here. I would love to be your Buyer's agent or listing agent whenever you want to sell your DC house.

 

Its the most wonderful time of the year. With less than eight weeks left till Christmas,I guess its safe to say that right? Many people are going to be traveling during this Holiday season. So if you are visiting family members or friends during the Holidays in the Nations Capital and don't know what to do,I definitely know one thing you can do. How about attend the National Christmas Tree Lighting.

For 87 years it has been a tradition in the Nations Capital. In 1978,a live 40 foot Colorado Blue spruce was transplanted from York Pennsylvania to its present site on the Ellipse,the greasy area south of the White House. In 1954,a pathway of peace,56 smaller decorated trees representing all 50 states,five territories and the District of Columbia were planted surrounding the National Christmas Tree.

And did you know that each year sponsoring organizations from each state provide tree decorations that are encased in a protective plastic globe to shield it from the weather? Didn't know either. You learn something new everyday. The lighting of the National Christmas Tree is the beginning of a three week Washington DC Christmas Tradition.

Date and time: Thursday December 9,2010 at 5pm.

Tickets: Tickets to the National Christmas Lighting ceremony will be distributed via an online lottery which will be available beginning at 12:01am Eastern Standard Time (EST) on November 5th. To participate,visit www.thenationaltree.org or call 877-444-6777. The lottery will include 3,000 ticketed seats and 10,000 standing room tickets. Successful ticket seekers will be notified by e-mail or US mail (if applied by phone). Tickets will be mailed to the lottery winners by Nov.15th. Tickets are free and required for every attendee including children.

Location: The Ellipse near the White House. The closest Metro Stations to the White House are Federal Triangle,Metro Center and McPherson Square. Parking is very limited in this area so public transportation is recommended. Also it will help if you brought a map with you.

So I leave you with Andy Williams singing the classic holiday song "Its the most wonderful time of the year" song. Enjoy folks.

 

Mount Pleasant is an old neighborhood in Washington, DC named after the 1700's estate, "Pleasant Plains." Development continued in the 1800s, and residents built many detached homes which still exist.

Today, Mount Pleasant offers a mix of housing styles including attached rowhouses and condominiums. Businesses line 16th Street and Park Road, two of the area's main arteries.

It is a short distance from Adams Morgan, the National Zoo, Howard University, and Crestwood. Several Metrorail stops and busses allow for easy public transportation.

Are you ready to see the big picture?

Your official market analysis for 20010, where I compare 2006/2008/2010 markets first half sales

01/01/2010-06/30/2010   $0-$500,000 - Total of 112 units sold

Minimum price $99,900   Maximum price $499,990   Average price $342,999

Average DOM 48

                                     $500,000+ - Total of 42 units sold

Minimum price $519,000   Maximum price $2,390,000   Average price $755,809

Average DOM 65

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01/01/2008-06/30/2008   $0-$500,000 - Total of 75 units sold

Minimum price $169,900   Maximum price $499,777   Average price $349,158

Average DOM 78

                                    $500,000+ - Total of 41 units sold

Minimum price $510,640   Maximum price $1,300,000   Average price $698,087

Average DOM 49

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01/01/2006-06/30/2006   $0-$500,000  - Total of 129 units sold

Minimum price $179,500   Maximum price $500,000  Average price $348,985

Average DOM 55

                                     $500,000+  -  Total of 70 units sold

Minimum price $500,000  Maximum price $1,049,500  Average price $653,488

Average DOM 44

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Mount Pleasant - Isn't it amazing that during the "worst market ever", the average sale price is up so far in 2010 compared to 2006 and 2008?  Did you know that a home sold in Mount Pleasant breaking the highest price in HISTORY this yeer?

You are now in the know!

Stats are deemed reliable as of 07/06/2010, they reflect asking price not settled price.

Check out this amazing 5 Bedroom home in Mt. Pleasant!

 

Check out this beautiful 5 bedroom home in Mt. Pleasant- surrounded by trees with large bay windows this home on a corner lot is an escape from downtown. This home's landscaped gardens, open rooms and a spacious stone patio make it perfect for entertaining. This 5 bedroom home in Mt. Pleasant tastefully mixes some of the original touches from when it was built in 1912, such as the exposed ceiling beams in the dining room, with modern upgrades such as the beautiful gourmet kitchen. The location is ideal, just a few blocks away are Mt Pleasant Library, the National Zoo, Target, Farmer's Market, Great dining on Mt Pleasant St and so much more!

 

 

 

 

 

 

Now a little bit about the history of the Mt. Pleasant neighborhood- Mount Pleasant's history reaches back into the early 1700s. Its beginnings are rooted in colonial times when, in 1727, James Holmead received a patent from Charles Carroll, Lord Baltimore, for a large parcel of land that included the area to the east of Rock Creek and south of Piney Branch. When its streets were first platted in the 1860s, Mount Pleasant was one of Washington's first suburbs offering an escape from the city- and this 5 bedroom home in Mt. Pleasant is a fine example of this today!

Since that time Mount Pleasant and the city have grown; at this time the community is surrounded by dense urban development, located just over three miles north of the White House, and situated between 16th Street and the Washington National Zoo. The neighborhood is a Historic District and was listed in the National Register of Historic Places on October 5, 1987. Although few homes remain from the first phase of the neighborhood's development, there are several large, single-family homes such as his 5 bedroom home in Mt Pleasant that dat eback to the early 1900s. Many of the townhouses and smaller apartment buildings in the neighborhood also developed around the end of the streetcar line and were built between 1900 and 1925. Larger apartment buildings developed along 16th Street during the 1930's.

The small commercial district on Mount Pleasant Street is one of the best examples of its kind, a commercial district that developed at the turn-around of a streetcar line.

 

Don't miss this amazing 5 bedroom home in Mt. Pleasant!

Don't miss this amazing 5 bedroom home in Mt. Pleasant!

 

 

 

17TH ST NW #220, WASHINGTON, DC 20009 $699,900
OPEN HOUSE Coming Soon!

Spectacular bright 2 level condo w/great views, garage parking, storage. Floor to ceiling windows, 2 masters bedrooms, 2 zone audio system throughout, 42' flat panel, bay window in LR & 2nd MBR, custom plantation shutters, granite-kitchen high-in appliances, wine cooler, marble baths & W&D. Walk to Harris Teeter, Adams Morgan & more! Property shown by appointment only.

For more Details, Photos, Map and a Virtual Tour of this property CLICK HERE!

For your own FREE Custom MLS Search CLICK HERE

To see MANY more ACTIVE Listings CLICK HERE!
For free Real Estate reports and Market Snapshot GO HERE

Presented by Chris Upham
Coldwell Banker Residential Brokerage
310 King St, Alexandria, VA 22314
Direct: (202) 359-1308
cupham@cbmove.com
www.UphamRealEstate.com

















Listed by David Bediz of Coldwell Banker Residential Brokerage
Information is deemed to be correct but should not be relied upon without verification.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing.

Once again,Washington DC was featured on the HGTV hit show "My house is worth what?". This time The house was in Mt.Pleasant Washington DC. This is the second time in like two weeks Washington DC Real Estate was featured on the HGTV show.

Now to some of you who don't watch the show. "My house is worth what?" is a show on HGTV when a real estate expert will come to the house of a homeowner and critique their house. They will give tell them some of the things that they did will improve the value of their house and some of the things that might or wont bring you a lot of money on your return on investment. The home owners always want the advice of a real estate expert because they either are looking to sell and move up to a bigger house,they want to expand onto their existing house,want to know if the improvements that they made to their house was a good choice or just curious of what the real estate market is in their neighborhood.

For today's show was in Mt. Pleasant Washington DC. A young couple who brought their historic Mt.Pleasant townhouse in 2006 for $560,000 right at the peak of the Real Estate Market. They invested $90,000 into renovations of their home and their goal was for their house to be worth at least $675,000 so that can have enough to buy a single family home.

The real estate expert told them that they made some nice renovations to the house. They spent $15,000 on the kitchen and it has a sleek design. But the kitchen is small. It is also small on square footage. They spent $15,000 on the den and $7,000 on the patio. But the patio lacks privacy and the real estate expert told them that they need to get a large shrub. And the house has a different architecture from the other houses in the neighborhood. 

So after the real estate expert crunched up the numbers,he told them that if was to list their house today,he will list it for $585,000. So the value of their house appreciated by $25,000. Their goal was $675,000 considering they put $90,000 into renovating their historic townhouse. But when the real estate market gets better (hopefully very,very soon),the young couple will more than likely be able to sell their house at a price that they will be comfortable with.

Also please read my last blog on "Washington DC Real Estate" home featured on HGTV Show "My house is worth what?" WASHINGTON DC NE REAL ESTATE HOME FEATURED ON HGTV SHOW "My house is worth what?"

To receive your free list of "houses for sale in Washington DC",please visit my website Houses for sale in Washington,DC. I can be reached at (202) 378-0283 (Direct) and (301) 560-6700 x1154 (Office). I can also be reached online at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... and Washington DC,Maryland and Virginia Houses for Sale. Thank you very much. Looking forward to working with you and helping you make your home purchase or sale a stress free and very happy one. Have a great day. Lanre Folayan-Real Estate Professional with Exit Premier Realty. "Buy a home in Washington DC"