Washington, DC Real Estate News

By Patricia Kennedy, Home in the Capital
(RLAH@Properties)
In this market, our biggest challenge seems to be pricing our listings right on the bulls eye.  But how to do that is sometimes pretty tricky.  Today's Washington Post carried an article about an interesting approach to pricing, so looking for any help I can get, I read every word of it. Writer, Sandy Fleishman, cited a study by Cornell University showing that houses with prices ending in "000" tend to sell for less than homes with a more precise number.  If, for example, you set your number at $649,000, your home could be expected to sell for less that a number like $648,723.    Then there was a second study that Redfin did looking at 3,000 sales in Seattle.  They concluded that a price ending in "500" was the best for pumping up the bottom line.  So by lowering the asking price to $64...
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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)
 Washington DC is the epi-center of the Federal Government and the many Agencies that are a part of US Government.  The Pentagon is most notably the home of the Joint Chiefs and the US Military.  However; the United States Coast Guard, under the command of Commandant Thad Allen - has it's own Headquarters - just a couple of miles away - inside the District of Columbia.The US Coast Guard is under the control of the Department of Homeland Security and it's Headquarters building is not a part of the Pentagon complex; the Coast Guard Headquarters is located in the South West section of the District Of Columbia.  An area of DC that has gone through a couple of Urban Renewal projects; is again seeing change as the new Washington Nationals Baseball Stadium is being built just blocks away.The C...
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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)
Just 6 blocks from the grounds of White House, lies the Northwest Washington DC Neighborhood known as Logan Circle.  Logan Circle, which is actually a Park/Traffic Circle, was named after Civil War General and Senator John Logan.The neighborhood around this "Circle" is known as the Logan Circle Neighborhood.  It's popularity has grown over recent years.  It is directly to the East of the sought-after Dupont Circle Neighborhood, and its proximity to the downtown/business areas along the K-Street corridor, make the location perfect for those who want to be able to walk to their office.The neighborhood is bordered by S Street to the north, 9th Street to the east, 16th Street to the west, and Massachusetts Avenue to the south.Logan Circle has a wide range of housing options.  From the old V...
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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 - Washington DC - Logan Circle / Mt Vernon Square Neighborhoods Here are the Properties that sold in this Washington DC Neighborhood:  2/4 - 2/10Type of Property      #BR/Baths                 List Price           Closed Price     # Days on MarketRow House                5/4.5                    $1,199,000         $1,185,000                368        Row House                 9/2                        $875,000            $765,000                 300             Condo                       1/1                        $395,000            $374,500                  52Condo                      1/1.5                      $431,900             $431,900                 115Condo                       1/1                        $323,900             $323,900                 0*Condo ...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Samson Properties)
Buy a home in Washington DCWant to know one good reason to "Buy a home in Washington DC"? What if I told you that Washington,D.C is one of the hottest real estate market for foreign investors. Will that make you consider purchasing a Washington DC home? You should. Opportunities like this come once in a lifetime. While not take advantage of it now and make your money for you know? With the alarming rate of foreclosures in our country continuing to rise and home prices still declining, foreign investors are using this opportunity to beef up their investment portfolio. Washington DC is a very stable Real Estate Market.   According to a survey conducted by the Association of Foreign Investors in Real Estate,Washington,D.C is one of the hottest real estate market for foreign investors. res...
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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)
Join me Sunday at a wonderful Open House in the Logan Circle Neighborhood of Washington DC.  This condo in the Radius Building - at the heart of Logan Circle; is a Pet-Friendly Building, complete with e-lounge, and fitness center.This 1 Bedroom / 1 Bath unit comes with GARAGE PARKING and a wonderful OUTDOOR Terrace!Priced at $369,000.   Call James for all your Real Estate needs and questions; servicing Capitol Hill, Washington DC, Virginia and Maryland. RE/MAX Allegiance - Georgetown1720 Wisconsin Ave NWWashington DC 20007202-338-8900 Main OfficeLicensed in DC,MD,VA 
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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 the Shadows of the US Capitol sits the popular Washington DC neighborhood known as Capitol Hill.  The Capitol Hill neighborhood, with its wide tree-lined avenues and many parks; is DC largest historic neighborhood.The Neighborhood became popular in the early days due to its close proximity to both the US Capitol and the Navy Yard, where members of Congress along with the craftsmen working at the Navy Yard; would walk the short distance to places of work.Capitol Hill Homes are composed mostly of many different styles of rowhouses. Everything from the early 19th century manor houses to  Federal townhouses, small frame dwellings, and late 19th century brick rowhouses.  While the lots for many of these homes are narrow; the Rowhouses of Capitol Hill can be quite large inside.While many ...
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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)
 Breakwells Coffee, one of the welcomed new businesses near the Washington DC convention center; has reopened.  The coffee shop that was only about a year old; when an accidental electrical fire broke out and shut the local shop down last September.Located at the corner of 9th and M Street NW; the locally owned coffee shop is loved by the neighborhood folks, not just for the morning jolt of caffeine; but I hear the breakfast burritos are a MUST have!Many new businesses are opening around the Washington Convention Center; in the heart of the Mt. Vernon Square neighborhood and the local residents are excited with this increased number of new restaurants and services opening in the neighborhood.Breakwells Coffee. 900 M Street NW. Washington, DC 20001. Tel: (202) 289-4601   Call James for a...
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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 - Washington DC - Logan Circle / Mt Vernon Square Neighborhoods Here are the Properties that sold in this Washington DC Neighborhood:  1/28 - 2/3Type of Property      #BR/Baths                 List Price           Closed Price     # Days on MarketCondo                       2/2                        $449,900            $426,000                178        Condo                       2/1                        $299,000            $299,000                 71             Condo                       1/1                        $259,000            $255,000                 67RowvHouse                1/1                        $299,999             $275,000                26Condo                       2/2                        $398,442             $390,000                42*Row Ho...
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By Anthony Carr, Stress-Free, Steady, Stable!
(RE/MAX West End)
Here's the Big Real Estate Story - Interest rates are headed in the 5-ish range again and prices have leveled. That's it. End of story. Sign here. In fact, the market is actually turning around. Despite what the two dailies have reported, homeowners and shoppers must look at pocket markets to determine how they're doing as far as the equity in their homes and in determining if it's time to hold or get sold.In the Washington, D.C. area, headlines from The Washington Post and The Washington Times would make any mere human shake in their household boots - "Region's Home Prices Continue to Fall; Some Pockets Thrive," and "Overvalued Homes Discourage Buyers." The statistics tell a different story. Consider these numbers from http://www.mris.com/ (the local MLS web site):December 2007 home sa...
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By Patricia Kennedy, Home in the Capital
(RLAH@Properties)
Like many cities, Washington, DC has landlord-tenant laws that really do protect a tenant's rights.  It is extremely difficult to get rid of a tenant who is paying rent, even after the lease expires.  If the tenant is a total deadbeat, it is very difficult to evict. In addition to making evictions a major challenge, the law protects tenants whose homes are for sale.  When an offer comes in on a tenant occupied house or apartment, the seller cannot sell until the tenant "rejects" the right of first refusal.  And the tenants, even if they don't have two cents to rub together, have a bunch of months to make up their minds.   I once acted as a buyer broker for a tenant who held up the owner of his Logan Circle townhouse for about four years, and during that time, the value dropped from some...
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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 - Washington DC - Logan Circle / Mt Vernon Square Neighborhoods Here are the Properties that sold in this Washington DC Neighborhood:  1/21 - 1/27Type of Property      #BR/Baths                 List Price           Closed Price     # Days on MarketCondo                       2/2.5                   $1,500,000          $1,425,000                66        Condo                       1/1                        $399,000            $379,000                 98*             Condo                       2/2                        $539,000            $535,000                 12                            *Units were part of multi-unit, newly-built complexes; DOM may not be accurate              This area boarders U Street to the North; 16th Street to the West; H street to the South...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Samson Properties)
Real Estate Workshop! Holiday Inn Conference Room 45 Patricks Drive Waldorf,Maryland 20603 301-645-8200     Here's a Sample of What you will Learn! Coaching Institute's Real Estate Investment Workshop is one of the most popular real estate seminars in the country. Our entertaining and professional instructors promise that you will walk out of the room with tens of thousands of dollars worth of ideas to improve your bottom line. In the workshop, we will teach you:            1)    Create additional cash flow as you learn how to own and invest in your own                   properties with little or no money down.           2)    Apply creative funding so you don't have to go through Banks and Mortgage                   Companies.           3)    Learn how to acquire property through whol...
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By Patricia Kennedy, Home in the Capital
(RLAH@Properties)
Earlier this week, I got a call from an agent who showed a listing I have last week.  His people loved it, he said, but the husband was out of town until the end of the week.  They planned to make an offer Friday or Saturday.  This afternoon, Saturday, as I was driving to my Mother's 85th birthday party, he called to say he was sending it via MongoFax and would like to present it over the phone.  I explained that I'd be available late this afternoon to take a look at it and would call him then. Then 20 miles down the Baltimore Washington Parkway, my Blackberry's ear bud tickled my ear once again.  It was a second agent calling to say she was leaving the same listing with her clients and was writing an offer.  And what did my sellers need as a time frame.  An hour or so later, her offer ...
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By Patricia Kennedy, Home in the Capital
(RLAH@Properties)
There is something beautiful and amazing about many of this areas old stone homes.  The one at the right is a 20's vintage craftsman bungalow  here in Washington.  The wall are thick.  The house is solid.  The stone exterior is virtually maintenance free. Nearby, in the same neighborhood is a house I listed many years ago that I called the Perma Stone Palace.   It is covered with a product that was popular during the 1930's.  The original patent was issued in 1929 for Perma Stone, and for a long time, I thought their top salesman lived in Baltimore.   But there were several companies around the country that manufactured the polyester of stone, and one of them, the Lasting Products Company in Baltimore, manufactured a synthetic stone product called Formstone. This stuff is all over Balti...
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By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
Museums, movies, monuments, memorials, music -- D.C.'s got it all (and that's just the 'm's).  If you live in the area or you are visiting and looking for some fun, here's a short list of upcoming events that might interest you.  Should you be considering a move to the D.C. or Northern Virginia region, this sampling will give you an idea of the activities and culture that the area has to offer. MOVIEWhile it got mixed reviews and has become cliche at this point, Sylvester Stallone's latest Rambo movie was released yesterday.  I don't know what number he's up to at this point.  If you want to pass up more intellectual fare, you can spend two hours at the local movie theater listening to Stallone grunt and groan in what's sure to be a good old fashioned shoot 'em up!  Sure to be fun, if n...
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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 Here are the Properties that sold in this Washington DC Neighborhood:  1/14 - 1/20Type of Property      #BR/Baths                 List Price           Closed Price     # Days on MarketCondo                       1/1                        $374,400            $395,000                 2*      Co-op                       2/2                        $389,000            $389,000                 115   Condo                       1/1                        $335,000            $335,000                146             Condo                       1/1                        $359,000            $350,000                138              Row House                 4/4/2                     $440,000            $440,000                139Condo     ...
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By Lanre-"THE REAL ESTATE FARMER" Folayan, I don't make promises.I deliver results.SOLD HOMES
(Samson Properties)
     Call me crazy - Okay! Maybe I am crazy. But does anybody out there think that the New England Patriots are going to lose today? I mean,I know New England Patriots destroyed San Diego Chargers in Week 2. But this team is a very different team now then before. Plus,they have been a very good Indianapolis Cots team twice this year. That should help them prepare for the mighty New England Patriots. Anyway,I didn't say that the New England Patriots lose. I am saying that do you think they are going to lose? I guess we will find out later today. Update: New England Patriots won this game! But they didn't win the Super Bowl. They lost to the New York Giants. So New England Patriots home fell down afterwards.                                                           To receive a free list ...
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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)
Relocating to the Washington DC ?  Here is a list of some helpful websites for you. James Downing -Your Real Estate Agent Search Homes on the MLS Independent School Evaluation Site Metro (Subway & Bus system) - Includes a map and Trip planner DC Government Web Page VA Government Web Page MD Government Web Page Smithsonian Institution Craig's List (Classifieds for jobs, services & more)  Monster.com (Job search) Moving.com (Moving help and advise) ZIP Car  ZipCar is a local car rental - rent for an hour or a day!                                                   Things You'll Need once you are here:   Info for DC Parking Permit Change your Driver License (DC) Change your Driver License (VA) Change your Driver License (MD) Local Utilities Contact Information           Contact James Downin...
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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)
911 or 311?  Now DC Residents know; or least someone made a decision.In Washington DC, residents have often been told to call 911 for an emergency.  Including a "Real or Serious Crime" emergency.The number 311 - was for "Lesser" crimes.Then we have the "Mayors Response Line" 202-727-1000; which is used to report street lamps not working, graffiti removal, or towing of abandoned cars or trash removal.This lead to many folks complaining (and asking) WHAT IS A "REAL/SERIOUS CRIME"?  Is it one that wasn't important?  Is it a crime that deserves less attention and response to by the Police?The issue is that Police in DC were often accused to giving 311 calls a MUCH lower Priority.  Now this Memo from the DC Police Department: Start Using 911 for ALL Police Calls, Not Just Emergency CallsPLEA...
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