DC Real Estate

A July Pop: Home Prices in National Landing Shoot Up 28%

It is not often that home prices shoot up in the middle of the summer, but with Amazon's impending arrival, nothing is "normal" in the Northern Virginia housing market. The latest report from Bright MLS reveals that both sales and listing prices skyrocketed in July in the zip code that will be home to National [...]

2019-08-16T18:53:46+00:00August 16th, 2019|

Home Sales Prices in D.C. and The Surrounding Area Hit New July Highs

The value of home sales in the District and its environs keeps climbing. Two new real estate reports say in July the median home sales prices for the city and the D.C. metro region were $592,500 and $470,000, respectively. Each figure represents new highs for the busy month. The first report, from the Greater Capital Area Association [...]

2019-08-16T18:52:37+00:00August 16th, 2019|

$350 a Month: The Difference a Year Makes in Interest Rates

The average on a 30-year fixed-rate mortgage remained at 3.6 percent today, the lowest level for these rates in almost three years. "The decline in mortgage rates over the last month is causing a spike in refinancing activity – as homeowners currently have $2 trillion in conventional mortgage loans that are in the money – [...]

2019-08-16T18:51:10+00:00August 16th, 2019|

A Dupont Circle Mansion, A President’s Niece and a $500,000 Premium

While six-figure premiums for homes in DC aren't necessarily a rarity, they still occasionally surprise us. This week, a six-bedroom historic property at 1716 New Hampshire Avenue NW (map) closed for a half-million dollars above the original asking price. Listing agents Meredith Margolis and Jennifer Touchette of The P&rtners and Mark McFadden of McFadden Partners priced the house conservatively at $2.75 [...]

2019-08-03T00:46:45+00:00August 3rd, 2019|

D.C. Home Sales Hit Record Median Price For June

The median price for District home sales reached a new June record of $620,000 last month, according to the Greater Capital Area Association of Realtors (GCAAR). That was up nearly 3 percent from the June 2018 median sales price of $603,000 and up 19 percent from the June 2014 sales price of $520,000. The total [...]

2019-07-20T01:59:31+00:00July 20th, 2019|

The 13 D.C. Neighborhoods That Broke a Record in June

The month of June was one to remember for the DC housing market as home prices in the city shattered their record high. The median sales price hit $621,000, eclipsing the previous record by $18,000. While just two neighborhoods -- Hillcrest and the Southwest Waterfront -- hit an all-time record, a slew of others broke price [...]

2019-07-20T01:57:52+00:00July 20th, 2019|

New Renderings Revealed for Amazon’s First Virginia Office Building

New details and images have been unveiled for Amazon's first Virginia office building. On Wednesday night, staff from Arlington County, Amazon and other members of the development team hosted the first of several meetings introducing the Metropolitan Park project and explaining how the review and approval process will commence. While questions from the public were [...]

2019-07-12T19:10:24+00:00July 12th, 2019|

North of $680: The Highest Prices Per Square Foot in DC

The neighborhoods in DC with the highest real estate prices per square foot in 2019 are concentrated in the NW quadrant of the city. Leading the way with a median price per square foot of $800 is West End. Coming in second at $722 a square foot is Georgetown, and rounding out the top four [...]

2019-07-06T00:58:49+00:00July 6th, 2019|

The Mixed-Use and Multi-Tenant Plans for a Georgetown Corner

Last month, the Washington Business Journal reported on the plans to redevelop the building Zara once occupied in Georgetown. Now, those plans have a tweaked design. Rendering of the proposed redevelopment, as seen from west toward alley.  Eastbanc is seeking Old Georgetown Board review for a plan to reestablish smaller-format retail and add office and residential use to [...]

2019-06-22T00:33:08+00:00June 22nd, 2019|

Median Sales Price for D.C. Homes Reaches 10-Year May Record

The District saw its highest May median sales price for homes in a decade last month, recent data from the Greater Capital Area Association of Realtors (GCAAR) show. The median sales price across all home types, including detached single-family homes, townhouses, and condo and co-op units, was $600,555, higher than the previous record of roughly $599,000 in [...]

2019-06-22T00:31:04+00:00June 22nd, 2019|