Houses in Washington DC

By
Real Estate Agent with Evers & Co. Real Estate
Washington DC is the capital of United States and is located on the north bank of Potomac River surrounded by renowned states of Virginia and Maryland. It is the ninth largest metropolitan area in the country. In 2009 the district’s population recorded 600,000 residents, which signifies a trend in population growth since the year 2000 by 7.5%. Washington DC is the home to 174 foreign embassies and famous organizations like IMF and OAS and several others. Famous buildings like the White House and the beautiful museums are few of the attractions of this capital.

Washington DC went ahead of both London and New York City in the year 2009 to become the leader in foreign real estate investment. It was also ranked among the top ten areas in United States favorable to business expansion in real estate. Despite the world-wide economic crisis and real estate downturn, Washington is ranked second on the Forbes list of the best long-term housing markets in the country.

The geographic position of the Washington DC as surrounded by mountains and valleys has brought in pleasing weather conditions. The real estate properties recently listed are numerous in number which includes open houses, luxury homes, condos, town homes, multifamily apartment, and water front homes and so on.

Quite a number of Washington DC new homes are available now. These are distributed in the northeast, southeast, northwest and southwest blocks of Washington DC. Amongst the four parts northeast part of the city is the most preferred one. The real estate market of Washington DC is flourishing in neighborhoods like DuPont Circle and Georgetown where the average listing prices are $654,992 and $2,340,475 respectively. The median sale prices for homes for sale in DC have decreased by 1.4% or 5000$ in 2009.This change in the statistics of homes in Washington DC have lifted up the home sale by as much as 7.9%.

The average cost price for Washington DC new homes has been cut down in the end of the month of December but variations have already been seen on the positive side. There are almost 151 educational institutions both private and public which include schools, universities, colleges and many other high-rated academic organizations. In the public sale categories there are almost 700 homes available whereas in the resale category we have about 4000 houses vacant. The average listing price for sale for houses in Washington DC was $690,946 for the week ending January 2009. This indicates an increased rate of 0.4% which amounts to $2,212 if compared to the week before in Washington DC condos sale price. The average price per square foot for Washington DC has been reduced by 0.6% in the year 2009. Almost 3000 houses have been sold recently in the city.

You can invest in Washington DC real estate with picks from re-sale houses, luxury houses, auctioned homes and pre-foreclosures. There has been constant stride in retail and tourism in Washington DC. Impressive developments in the fields of hospitality, finance, public policy, scientific research education, media and communication have attracted numerous occupants in the past few years. Washington DC is in fact an unparalleled place to settle in.

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