They say there are three really important factors in determining a homes value: location, location and location. We've learned over the last few years, however, there are three more equally important factors, and these would be timing, timing and timing.
If you live in American University Park and are considering a move, you already have the location thing. You live in one of Washington, DC's most popular neighborhoods, close to Metro, terrific schools, and Guapo's. But right now, you have the timing thing with you as well.
Prices in AU Park have increased since last year. The average price so far year-to-date is $885,321, compared to $838,321 during the same period in 2010.
In addition, interest rates are their lowest since most of us were born, bouncing around 4.75 percent. This makes your home much more affordable to more people. And inventory is down.
If the whole country looked like AU Park, we would be well on our way to the real estate recovery we'd all like to see happen.
If you are planning a move to or from the Washington, DC area, I can help. Call, email or text me at:
Housepat@mac.com
202-549-5167
Licensed in DC, Virginia and Maryland
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