All About District of Columbia Real Estate

By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Hey there, whether you were celebrating Valentine's, Galentine's, Friendship Day, or just making it through today, I hope you're having a fantastic time! Let's talk a bit about what's going on in the DC Metro housing market lately.For those of us who've been around here for a while (like me, 25 years and counting!), we've seen the housing numbers climb up and up, which is pretty great news. But with that comes some challenges, especially for buyers. Interest rates recently hit 7%, and that meant some of my clients missed out on homes because of all the competition.If you're thinking of selling, now's the time to act! Seriously, don't wait around for spring or summer—get your home on the market while the getting's good. And if you're considering investing elsewhere, I've got connections ...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Hey there, savvy investors and homeowners! In this week's DC Metro market snapshot, we've got the scoop on the latest trends that could shape your real estate decisions.Good news for sellers! The median list price soared by 5.7% from last year, now standing strong at $389,990. It's a green signal for those looking to capitalize on their property investments.This week, we spotted 4,161 listings in the area, marking a 1.3% increase from the previous year. While more homes are hitting the market, remember, choices are still a tad limited for buyers. Decisions, decisions!Homes are changing hands a bit faster than they were a year ago. So, if you're in the market, be ready to make your move efficiently!Have burning questions or need more details about these trends? Feel free to DM me or drop...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Happy New Year! With the opening week of 2024 and the future in mind, take a look at the most recent statistics, providing you with a comprehensive overview of the trends shaping the property landscape in our community.Breaking Down the Numbers:New Listings Decline: In the final week of the year, the local real estate market witnessed a 4.3% decrease in new listings compared to the previous year. Understanding these fluctuations is crucial for anyone considering entering the market, whether as a buyer or seller.Contract Finalization Time: The time it takes for a contract to be finalized has shown a moderate increase. However, the good news is that it's still six days faster than it was at this time last year. This insight can be pivotal for those navigating the intricate timeline of pro...
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By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
 [This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together. Interest rates, while still higher than pre-pandemic rates, started to fall in November.  This month, we lost homes again vs. the previous month for a total of 23 homes sold. Up and down, up and down, and once again we are below the 5 year average of 50.  Stubbornly high interest rates have surely slowed sellers selli...
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By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
Capitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst. Extension to Minn. Ave Metro, paused due to budget concerns at the moment, stay tuned.This view shows the station as you drive up in a cab, or Bikeshare or walk from Capi...
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By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood.  Let's consider that we will return to some level of foot traffic here in the summer of 2024, even if not 2019 levels yet.The Navy Yard has very good Metro access, and is also home to baseball's Nationals Park. This neighborhood has also become the 'it' neighborhood, growing faster than any other in the past year.  All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people.  It certainly ...
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By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
This quote is getting older, but even more relevant in 2023. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2O15) saying "Southwest is an absolutely incredible neighborhood.  It's a neighborhood that has so many things: Metro stations, water access, parks & greenspaces, small and big residential buildings.  A lot of people just didn't realize it was there".Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.   A total of 10 homes were sold in November 2023, about the same as the previous month and a few les...
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By Susan Isaacs | DC Real Estate Consultant, Partnering with: DOMOofCompass
(Compass | 1313 14th St NW DC 20005)
The Fed Created a DC Home Buyers Market, Then Priced Non-Cash Buyers Out As mortgage interest rates inflated, the DC market slowed, offering buyers a rare opportunity... but they quickly found that higher rates meant tighter lending conditions and huge payment hikes. With the Fed repeatedly dismissing hopes of meaningful 2024 rate reductions, many buyers sat out the one opportunity they may have had to purchase in the District without mad bidding wars, price escalations and harsh terms.   The Numbers Told A Different Story Total sold dollar volume for 2023 shows a significant contraction, declining by 22.19% to $5.33 billion from 2022’s $6,847,085,812. The number of units sold saw a substantial drop of 21.97%. The median sold price, a key indicator of market health, experienced a more p...
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By inboundREM Market Updates
(InboundREM)
In today's fast-paced world, making informed decisions about where to live is crucial. One of the most significant factors to consider when choosing a residence place is the cost of living. Understanding the average cost of living in a particular city can help you plan your finances better and ensure a comfortable lifestyle. What is the average cost of living in Washington, DC? In this blog post, we'll delve into the various aspects of the cost of living in this charming city, the nation's capital, and provide valuable insights to aid your decision-making process.Housing Costs1. Renting in D.C.Neighborhood VariationsWhen renting in Washington, D.C., your chosen neighborhood can significantly impact your monthly expenses. The city is known for its diverse neighborhoods, each with its uni...
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By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
 [ This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together. Interest rates continue to remain high in October.  This month, we gained a few homes  vs. the previous month for a total of 35 homes sold. Up and down, up and down, but once again we are below the 5 year average of 53.  Buyers will continue to buy and sellers will continue to sell, so we will watch to see if this tr...
Comments 3
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
Capitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst. Extension to Minn. Ave Metro, paused due to budget concerns at the moment, stay tuned.This view shows the station as you drive up in a cab, or Bikeshare or walk from Capi...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood.  Let's consider that we will return to some level of foot traffic here in the summer of 2024, even if not 2019 levels yet.The Navy Yard has very good Metro access, and is also home to baseball's Nationals Park. This neighborhood has also become the 'it' neighborhood, growing faster than any other in the past year.  All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people.  It certainly ...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
This quote is getting older, but even more relevant in 2023. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2O15) saying "Southwest is an absolutely incredible neighborhood.  It's a neighborhood that has so many things: Metro stations, water access, parks & greenspaces, small and big residential buildings.  A lot of people just didn't realize it was there".Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.   A total of 13 homes were sold in October 2023, about the same as the previous month and a few less...
Comments 2
By inboundREM Market Updates
(InboundREM)
Timeless Woodley Park DC ApartmentsThe venerable Washingtonian architect Louis T. Rouleau Sr. created the timeless Woodley Park DC Apartments, a condominium complex that was constructed in 1929 and is tucked away in the tranquil surroundings of Rock Creek Park in Washington, D.C. With a unique shape and alluring contour, it exudes art deco charm. In 1973, it underwent a conversion from being an apartment rental building to condominiums. It presently boasts a stunning front courtyard with an inviting center fountain that adds a touch of elegance due to years of attentive maintenance. There are 173 units in the building, which has six stories. In order to provide comfort while preserving the historic beauty, residences seamlessly mix original architectural aspects with tasteful improvemen...
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By inboundREM Market Updates
(InboundREM)
Charming Area of Ritz Carlton Residences DC for Sale A life of luxury and sophistication is promised at The Ritz-Carlton Residences in Washington, D.C. Ritz Carlton Residences DC for Sale with upscale complexes, North and South, has two beautiful 11-story condominium towers, and it was completed in 2000. The 30,000-square-foot patio at the location will astound you with its captivating flowing waterfall and calm sanctuary within the busy metropolis. Its 162 residences feature open floor designs and floor to ceiling glass, which floods the opulent living areas with daylight. Many apartments include balconies and private roof terraces, which contribute to their magnificence. The renowned Ritz-Carlton Hotel, the charming Blu Cafe, the beautiful Ris Restaurant, a CVS Pharmacy, the Guarisco ...
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By inboundREM Market Updates
(InboundREM)
Envy Condos DC: Stylish and Modern ResidentialA stylish and modern residential complex, Envy Condos DC is located in Washington, D.C.'s Capitol Riverfront district. Metro Area. The skyscraper, which is prominent in the Ballpark District, has 11 levels of opulent residential quarters. Sports fans will have an unmatched experience because of the direct views into Nationals Park that approximately one-third of the units offer. The interior areas smoothly combine modern design with a cozy and welcoming look to express comfort and style. The amenities encourage a resort-style way of life that offers leisure and convenience. The Anacostia Riverwalk Trail, a picturesque outdoor recreation path ideal for morning strolls and bike excursions, is also just steps away from residents. It offers quic...
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By inboundREM Market Updates
(InboundREM)
Amaris Condos for Sale: A Superb Place to LiveIn the Washington, D.C. metro area, Amaris Condos for Sale is a superb place to live. Amaris is definitely a head-turner, and that is an understatement. Rafael Violy, a renowned architect from all over the world, created this iconic building. The exterior dazzles with a distinctive twisting cold-warped glass design that bends with the contours of the structure. The building's remarkable location at The Wharf, which offers occupants uninterrupted vistas of Washington, D.C., and its captivating waterfront, served as inspiration for the sweeping, curving design. Come inside to see the condos' classic features that elevate every resident's quality of life. Natural materials were expertly blended by interior designer Thomas Juul-Hansen to create ...
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By inboundREM Market Updates
(InboundREM)
Vio Condominium: Luxurious High-Rise Condominium BuildingThe VIO Condominium complex is an elegant high-rise structure located near The Wharf in southwest Washington, DC. VIO is one of only two condo buildings at The Wharf, and it was expertly constructed by Hoffman & Associates in 2017. It is located directly on the Washington Channel. It is the more conveniently situated of the two, providing a remarkable vantage position with unrivaled views of the Potomac River and the National Mall. Each of the 112 units on the 12 stories is a work of art in architecture, offering breathtaking views and alluring cityscapes to provide the ideal sanctuary for residents to unwind. The nation's capital's The Wharf, an iconic destination with top-notch dining, shopping, and entertainment options, is con...
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Columbia Condos for Sale: Spectacular Historic Mixed-Use StructureThe Columbia including Columbia Condos for Sale is a spectacular historic mixed-use structure in the center of Washington, D.C. The Columbia, built at the turn of the 20th century as a women's hospital, had a radical reconstruction in 2006. In its current state, it provides 225 luxurious residences and 28,000 square feet of ground-floor retail space, including the ease of a Trader Joe's. Each apartment features spacious open floor plans, exquisite finishes, and modern design elements that lend a sense of refinement and elegance. For visitors of owners, there are also small rental apartments available. It is a pet-friendly neighborhood that is close to the Foggy Bottom Metro. The Kennedy Center is a must-see for locals, wh...
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By inboundREM Market Updates
(InboundREM)
Westlight Condominiums: Luxurious Living SpacesThe West End of Washington, D.C. including Westlight Condominiums is home to the opulent living areas of Westlight Condominiums.  The front of the building is a combination of elegance and opulence, designed by Enrique Norten. The inside promises a great living experience, which is hinted at by the exterior's sleek and stylish design. A 50-foot live green wall in the lobby will welcome you and set the tone for the elegant fusion of nature and contemporary. With floor-to-ceiling windows bringing in lots of natural light, hardwood floors, stylish kitchens, and spa-like bathrooms, its 71 units radiate refinement. National monuments, Georgetown, the Potomac River, and the White House may all be reached on foot from the spot. Foggy Bottom, Farra...
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