Washington, DC Real Estate News

By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
What's Selling - DC - Logan/Mt Vernon Square Neighborhoods Properties that sold 12/24 - 12/30Type of Property      #BR/Baths                 List Price        Closed Price    # Days on MarketCondo                       2/2.5                     $899,000           $870,000              18      Condo                       1/1                        $279,000           $267,500              55   Condo                       1/1.5                     $469,900           $460,000               9*             Condo                       2/2                        $639,000           $630,000              118              Condo                       1/1                        $299,900           $297,000              19*                   *Units were part of multi-unit, newly-built complexes; DOM m...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
What's Selling - DC - Logan/Mt Vernon Square Neighborhoods Properties that sold 12/17 - 12/24Type of Property      #BR/Baths                 List Price        Closed Price    # Days on MarketCondo                       2/2                        $409,646           $360,000             111*      Condo                       1/1                        $289,097           $285,000              89*   Condo                       3/2.5                    $1,200,000         $1,150,000            68             Row House                 2/2.5                    $1,475,000         $1,445,000            58              Condo                       1/1                        $369,900           $355,000              45     Condo                       1/1                        $285,000           $280,...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
What's Selling - DC - Logan/Mt Vernon Square Neighborhoods Properties that sold 12/10 - 12/17Type of Property      #BR/Baths                 List Price        Closed Price    # Days on MarketRow House               (4 floor Shell)           $975,000           $845,000             51      Condo                       2/2                        $444,348           $439,000            412    Condo                       1/1                        $380,000           $362,790            148             Row House                 3/2.5                     $735,000           $722,000            67              Condo                       2/1.5                      $399,000          $380,000            190     Condo                       2/2                         $540,000          $538,000       ...
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By Patricia Kennedy, Home in the Capital
(RLAH Real Estate)
Late Thursday afternoon, I needed comfort food.  And I found it at the Colorado Kitchen - one of the few real restaurants near my home in Northwest Washington. It's located on Colorado Avenue just east of 14th Street.  A friend and I pulled into a parking space at the front door at 6:05, only to find a big old "Closed" sign on the door, right above the sign on the door promising they opend at 6:00 pm;  Oh dear, were they closed on Thursdays?  But when the staff spotted us, the immediately ran up and switched it to "Open". If we'd gotten there a bit later, we might have had to wait for a table.  This place is often mobbed with a long wait for at the tiny bar, but at 6:05, we were seated immediately.  Before taking our order, the server brought us little sake cups with samples of the soup...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
Properties that sold 12/2 - 12/10Type of Property      #BR/Baths                 List Price        Closed Price    # Days on MarketRow House                 2/1                        $450,000         $450,000               64Condo                       1/1                        $299,900          $299,000              35Condo                       1/1                        $309,900          $301,400              21Row House                 3/2.5                     $499,900          $490,000              31Condo                       2/1                        $215,000          $215,000              21Condo                       1/1                        $454,900          $454,900              0*         *Units were part of multi-unit, newly-built complexes; DOM may not be accurate  ...
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By Boris Miric, Realtor (Licensed in DC-VA-MD)
(Fathom Realty)
 Earlier this evening I had a converstion with some clients about different regions. I did see this and told them about the DC Metro area and it's walkability. So I'd like to submit this to the rest in case there were compairing. A Brookings Institution researcher says after the advent of the shopping mall, developers forgot how to build great cities, but that's changing as urban areas again strive to be walkable."For 50 years we had this collective amnesia about how to build great places," says Christopher B. Leinberger, a real estate developer and visiting fellow at Brookings.Leinberger quantified the walkability trend by ranking the 30 largest metropolitan areas in terms of the number of walkable urban places they had clustered about them, then divided the number of places by the tot...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
Last November, 4 condos sold in SW DC / known as the Waterfront.The properties sold between: $320,000 - $480,000The average List price was:    $408,225The average SOLD Price was: $398,725Average Days on the Market: 80   Search for Homes in Washington DC                DC Real Estate NewsCall James for all your Real Estate needs and questions; servicing SW DC and the Greater Washington DC area.
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
 Condos sold in DUPONT CIRCLE* in November 200718 condos sold in the Dupont area.... Property Address               ListPrice     Close  Price1099 22nd St NW #611              $659,000                     $631,5001918 18th St NW #1                 $524,900                    $512,0001830 Jefferson Pl NW #9          $1,049,900                 $1,020,000 1625 16th St NW #303             $519,900                   $520,0001715 15th St NW #201             $550,000                   $530,0002201 L St NW #308                  $294,500                  $279,2501621 T St NW #705                  $375,000                   $375,0002114 N St NW #15                    $329,900                  $310,0001830 Jefferson Pl NW #10         $1,150,000               $1,005,000 2130 N St NW #201           ...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
Investment Guru Jim Crammer was on the Today Show on NBC yesterday with Matt Lauer on how to get rich and stay rich. Jim said that anybody can get rich and stay rich if you have 2cents or $200,000,Good or bad with money,credit card debt. Then Matt asked Jim what's the gimmick? Jim said the gimmick is homework. He said that if you do your homework,spend time analyzing good brand stocks,you can beat anybody. At least one hour of homework every week. He said that you have to have a budget. People should manage their own portfolio. Read the Quarterly and Annual report of companies. Listen in on the company's conference call. Jim pick of stocks include Caterpillar,Goldman Sachs,Conocophillips,XTO Energy,Transocean Hologic,Inverness Medical Innovations,Freeport-Mc-Moran,Hewlett- Packard,Googl...
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By Jean Poitevien
(Long & Foster Realtors)
November 2007 has been a very interesting month in the Washington DC's residential real estate market for properties selling over $1,000,000.  There were thirty-eight properties that sold in that price range  Three of which, sold for over the asking price and none of the properties included seller's subsidies, which has been the norm for properties in the lower price ranges. This is the exact number of homes which sold at the same price range in 2006.  These numbers show that there is still a strong market for properties priced over $1,000,000.  Most of the properties were located in Georgetown, Chevy Chase, Spring Valley, Kalorama and Palisades.  The others were sprinkled around in areas like Logan Circle, Dupont, Capitol Hill and Cleveland Park.As the year closes, we will see how stro...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
Properties that sold 11/26 - 12/2ADDRESS:                                           LIST PRICE        CLOSE PRICE    DAYS ON MARKET1115 12TH ST NW #602                         $454,598           $430,000             160*1529 8TH ST NW                                 $1,180,000          $1,145,000            811524 5TH ST NW                                   $469,000           $465,000              131306 RHODE ISLAND AVE NW #1              $599,000          $525,000               271306 RHODE ISLAND AVE NW #4            $1,250,000         $1,200,000             411414 11TH ST NW #1                             $595,000           $580,000             1201300 N ST NW #305                               $499,900           $505,000              141300 N ST NW #509                             ...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
Starting Friday, November 30th; The District will suspend weekly street cleaning.  Which means those who park their cars on the street - will not have to worry about the pesky "No Parking / Street Cleaning" restrictions during the day.  Not having to move your car to the opposite side of the street is wonderful. What will all those parking ticket folks do all day?!The District stops street cleaning during the winter, because the street sweepers spray a mist of water while cleaning, which when cold, could turn quickly into ice.The Public Works department can now focus on leaf collection and the inevitable snow removal. No date has been set for when the Street Sweeping will resume in the Spring of '08.Search for Homes in Washington DC                DC Real Estate NewsCall James for all y...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
Properties that sold 11/18-11/26ADDRESS:                                           LIST PRICE        CLOSE PRICE    DAYS ON MARKET1312 MASSACHUSETTS AVE NW #209      $514,900            $505,000              18 ****And that is it for Thanksgving week !  *******                This area boarders U Street to the North; 16th Street to the West; H street to the South and 3rd Street to the East.              Search for Homes in Washington DC                DC Real Estate NewsCall James for all your Real Estate needs and questions; servicing Logan Circle, Mt Vernon Square and the Greater Washington DC area.
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
 In 2008; Washington DC property owners will be paying lower property taxes.  This is the 2nd such cut in the past 2 years in the District of Columbia.The Office of Tax and Revenue has said that because of the substantial market price increases of the past several years; many property owners have paid higher and higher taxes.  The new property tax rate for residential property changed October 1 from $0.88/$100 to $0.85/$100.It's not a HUGE savings; but every bit helps.  A quick breakdown:$350,000         Assessed Value-$64,000         Homestead Deduction (for qualified owner/occupied residents)*$286,000/100  Divide by 1002860 * .85       Multiply by Tax rate$2431             Yearly Tax (Split between the 2 payements made in March and September)* In 2006 and 2007, the amount of the homes...
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By John MacArthur, Licensed Maryland/DC Realtor, Metro DC Homes
(Century 21 Redwood)
  I wrote what I thought was a heart warming post regarding balance and the upcoming holiday. My room mate read it and told me that she was looking forward to driving down and preparing a Thanksgiving meal for her dad.  I packed the car Friday night before she got home from her job and last minute errands. We spent the early evening packing the last suitcase (I am a guy and thought that two pairs of pants would be plenty for five day trip.) While my dearly beloved was laying out all the things I had forgotten to pack, she had me go fetch one of the suitcases in the car. I hate that. I knew that she would open it, dump it and proceed to repack it so that there would be no wrinkles in our clothes upon arrival. (and I thought it was a vacation) Then.....   The phone rang. You guessed it. ...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
A fellow real estate agent sent this to me from my old brokerage. I thought that I share it with everyone here to see if you might be interested in calling in.  FREE AGENT CONFERENCE CALL! 2nd Wednesday of every month NOVEMBER CALL: Avoid the Holiday Shutdown. Time:11AM EST Number:866-898-9626. No pin required for this call. Remainders: To mute yourself: hit 6                    To unmute yourself: hit 7.   Looking for a Washington DC Real Estate Agent that will help you buy or sell your next house or want a "Free Real Estate Market Report in your area of choice? Check out my website Houses for sale in Washington,DC. I can also be reached at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... or Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-3...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC)
  Sell your home! Five tips to help you sell quickly for the highest valuation As we all know,the home sales have hit a record low even though this is a home buyers market and this will be the best time ever to buy a home since there are more supply than demand. However,some motivated home sellers have become savvy in doing whatever they can to sell their home. I would like to share with you what someone shared with me. Here are five tips to get your home sold quickly for the highest valuation: - Prelist Home Inspections. These inspections allow home sellers to identify and repair problems rather than lose money during the sale. Statistics show that for every $1 of identified repairs, the home buyer would ask for double that in a price reduction. Paying $5,000 to repair a roof is far mo...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
Properties that sold 11/5 - 11/11ADDRESS:                                           LIST PRICE        CLOSE PRICE    DAYS ON MARKET1401 CHURCH ST NW #303                     $849,990           $840,000             1612020 12TH ST NW #714                          $699,000           $685,000             222910 M ST NW #118                                 $499,900           $499,900             621715 15TH ST NW #22                            $539,900           $525,000             231701 16TH ST NW #450                          $379,000            $374,000            28*223 S ST NW                                         $539,900           $515,000              17         *Units were part of multi-unit, newly-built complexes; DOM may not be accurate              This area boarders U Stree...
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By Patricia Kennedy, Home in the Capital
(RLAH Real Estate)
I just got home from Whole Foods at Tenley Circle.  They did the equivalent of a "5 Wow" service. When I got carded on my 30th birthday, I was really flattered. Then, as I grew into the "woman of a certain age" stage, it stopped happening. Now that I'm beyond the "certain age' stuff, it happened, and I was stunned! Today, when I got to the checkout with groceries and a couple of bottles of vino, the hunky kid manning the cash register said, "I need to see your ID." "You're kidding, right?" "Nope.  If there's any doubt at all, we have to ask."  Ahhh!  And he didn't even call me "ma'am"! His mother raised him right! 
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By Genet Astatke-Faison
(LongandFoster)
Homeowners Go Green to Save Some Green Environmentally conscious homeowners can trick out their homes with a bevy of "green" products, including carpets, windows, and even dog beds. Now, they can pay for those homes with green mortgages. Lenders are the latest group to jump on the environmental marketing bandwagon by pitching mortgage products that offer homebuyers bigger loans or discounts if they are making energy-efficient improvements or if their new home meets certain efficiency standards. Last month, Citigroup Inc.'s mortgage division launched a program that offers $1,000 off closing costs with its energy-efficient mortgage through the end of the year. Energy-efficient mortgages allow borrowers to qualify for bigger loans because lenders permit the estimated savings on utility bil...
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