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The Glover Park Condo Market: July 2016

By
Real Estate Agent with RLAH@properties AB95346

In the past, finding a client a great condo in Glover Park was a piece of cake.  There was almost always a lot of choices - big buildings, garden units, and a wide range of prices. 

That was the past!

The reality of the Glover Park market right now is that inventory is the tightest I've ever seen, especially if you are looking for a larger unit.  There are 15 units for sale in Glover Park, ranging from a low of $210,000 for a 497 square foot 1-bedroom to a high of $629,000 for a 956 square foot 2-bedroom, 2-bath unit that is "almost" new and boasts Viking appliances. 

Most of the current inventory (12 units our of the 15) consist of 1-bedrooms, with only 3 2-bedrooms currently.

This is a great time to buy, because while inventory is tight, most of the city has become deserted as the natives head for the beach to escape the summer heat.  The secret is to be flexible about what works for you, to be ready to look at new listings on short notice and to take the old, "You snooze, you lose" adage seriously.

And have a partnership with an agent who knows how to find inventory that isn't necessarily on the multiple listing service. 

Click here to search for your new home!

 

 

 

 

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Pat

Nice overview of the Glover Park neighborhood. Anyone who wants to acquire a home there should be getting in touch with you now to help them through the challenges of a tight market!

Jeff

Jul 28, 2016 08:32 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Patricia, nice work on your Glover Park Condo market report. Excellent data for your clients.

Jul 28, 2016 09:11 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

It's always a challange to keep up with a changing market isn't it Patricia Kennedy ?

Jul 28, 2016 10:01 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 It does appear to be a challenge but I'm sure a professional such as yourself look forward to challenges Patricia Kennedy 

Jul 28, 2016 10:05 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I am amazed at the prices of the condo's...more than my 62 acres and home and additional 129 acres all put togehter.

Jul 28, 2016 11:00 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Patrica

The Glover Park condo market in Washington a very desirable and in a great location.

Good luck and success.

Lou Ludwig

Jul 28, 2016 11:49 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Jeff, I'm working with a couple looking for a 2-bedroom, and it's slim pickins'

Jul 28, 2016 02:13 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Noah, it's a neighborhood that is pretty affordable and passes the fun test.

Jul 28, 2016 02:14 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Bob, it is an interesting market right now.

Jul 28, 2016 02:15 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Paul, without a few challenges, it would get pretty boring.

Jul 28, 2016 02:15 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

William, welcome to affordable housing in DC!

Jul 28, 2016 02:16 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Lou, it is an easy walk to Georgetown, and there are some great food options.

Jul 28, 2016 02:17 PM
Garreth Wilcock
Sherlock Homes Frisco - Frisco, TX
Sherlock Homes Frisco

Nice info on Glover Park condo, Patricia! Keep it up! Thanks for sharing!

Jul 28, 2016 10:53 PM
Roy Kelley
Retired - Gaithersburg, MD

This is very good information to share with prospective condo buyers. 

Jul 28, 2016 11:27 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Hi, Garreth! Thank you for your comments.

 

Jul 29, 2016 12:03 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Roy, and luckily I have some wonderful buyers to share it with!

Jul 29, 2016 12:03 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Nice report on condos...great minds think alike LOL...I did a condo report today too!

Jul 29, 2016 12:25 AM