Archive for month: August, 2013

Olney, MD Market Report – 8/30/13

30 Aug
August 30, 2013 Statistic Values YoY MoM Total Sold Dollar Volume $19,370,774 +39.48% +76.93% Closed Sales 42 +40% +61.54% Median Sold Price $488,000 +4.39% +14.09% Avg Sold Price $461,209 -0.37% +9.53% Avg Days on Market 45   days -6.25% +50% Avg Sold to Orig List   Ratio 97.65% +2.46% -0.67% The statistics in the chart above reflect the numbers for all properties in the 20832 area.  Here is a more detail breakdown of Single Family homes in the Olney, Maryland area: In 20832, the median sold price for Detached Single Family properties for July was $525,000, representing an increase of 3.6% compared to last month and an increase of 3.2% from Jul Read more [...]

Caroline County, VA Market Report – 8/29/13

29 Aug
August 29, 2013 Average prices are up 4.54%, which is a change from 3 months ago, where the prices were down over 3% from the previous year. The number of closed sales has remained steady, with single family homes priced at $300,000 and below, making up the majority of homes sold. Statistic Values YoY MoM Total Sold Dollar Volume  $6,399,080 +4.54% +12.81% Closed Sales    38 0% 0% Median Sold Price $149,950 +3.41% +12.15% Avg Sold Price $168,416 +4.54% +12.81% Avg Days on Market 96 -40% +18.52% Avg Sold to Orig List Ratio 92.76% +7.13% -1.05% Caroline County is being discovered as a convenient, yet unspoiled area to live. History abounds, and visits to the colonial village of Bowling Green Read more [...]

Burke, VA Market Report – 8/27/13

27 Aug
August 27, 2013 It's good to see an active selling market again. While some areas are experiencing the typical summer slow-down because so many are taking advantage of vacations, it's a great day for real estate regardless of whether you're in the market to buy or ready to sell. Homes coming on the market are selling within a month.   Buyers are taking advantage of the low interest rates and buying before prices and interest rates go higher. In July, over 38 homes sold in less than 10 days for top dollar! Just remember, today our buyers want move-in ready and, in Burke, there are wonderful homes ready to move in to. If you're planning to sell, take the time to look around your house and fix anything you Read more [...]

The Decatur House's War of 1812 Exhibit Covers D.C. Lore

23 Aug
August 23, 2013 Washington, D.C. is a city rich in history. But with so many momentous occasion having occurred here, it is easy to forget some of this town’s biggest moments. And with all the wonderful monuments and museums, it’s sometime easy to miss other buildings steeped in significance. This weekend, right downtown, there is an opportunity to engage history and a historic building, by visiting one of Washington, D.C.’s most impressive, but less-well known houses that's hosting an exhibit on an most infamous moment in this city’s history. One hundred and ninety-nine years ago, almost to the day, British soldiers burned Washington, D.C. to the ground. It happened the last week of August in 1813, Read more [...]

Clarke County, VA Market Report – 8/19/2013

19 Aug
August 19, 2013  Clarke County is an oasis for the Washington DC and Northern Virginia Commuter. It is just 60 miles west of DC, 12 miles from Hollywood Casino and Race Track and 16 miles from historic Harpers Ferry. The Median Sold price in Clarke is up 9.98% from this time last year. The average days on the market has dropped from 125 days down to just 77 days.  Sellers are selling for 94% of their listed price which is much higher than last year when they were averaging just 89%. Clarke County is a planned open space community, residents can enjoy the country setting and still be just 20 minutes away from Loudoun's Tech Corridor. First time homebuyers can find affordable prices in Clarke, the average Read more [...]

Leesburg, VA Market Report – 8/16/13

16 Aug
August 16, 2013 The Leesburg Market continues into the second year of strong growth, following a huge drop in average sales price influenced by the distressed sales of foreclosures and short sales. While the overall year-over-year increase in sales price is minimal, there was an unexplained drop in average sales price in 20175,  but the average sales price in 20176 went up 5% to $511,000. July 2012 July 2013 % change Avg. Sales Price $466,440 $474,361 2% Avg. DOM 55 37 -32% Total Unit Sales 117 153 20% Active listings 379 242 -30% Pending Sales 215 231 8% Northern Virginia continues to enjoy the lowest inventory in the past 5 years. Even though interest rates have moved up slightly above Read more [...]

Film Festival Brings The Drive-In Back To D.C.

14 Aug
August 14, 2013 One of the greatest American traditions of the mid-20th century has essentially disappeared as we’ve moved into the 2000s. What was once a standard weekend activity for young couples, older folks and everyone in between has essentially been lost to the ages. Except for this weekend. Because in Rockville, Maryland, on Friday, Saturday and Sunday, the drive-in movie theater is back. The revival is the focus of the 17th Annual Comcast Film Festival, which raises money for charities that work with the National Institute of Health. Nowadays around Washington, D.C., outdoor movie screenings are ubiquitous. But when the festival started, all the way back in 1996, it was one of the first major Read more [...]

Potomac, MD Market Report – 8/9/13

09 Aug
August 9, 2013 The statistics below are for the whole of 20854, including all types of Real Estate. What we all want to know is "What is happening with my house," right? I have broken it down by Single Family homes, Townhomes, and Condo/Coops. Statistic Values YoY MoM Total Sold Dollar Volume $93,822,250 +86.93% +53.6% Closed Sales 92 +73.58% +58.62% Median Sold Price $865,000 +1.88% -1.14% Avg Sold Price $1,019,807 +7.69% -3.17% Avg Days on Market 50 days -27.54% +21.95% Avg Sold to Orig List Ratio 97.2% +1.38% +1.39% In 20854, the median sold price for Single Family homes - Detached properties for June was $895,000, representing a decrease of 4.6% Read more [...]

Unprecedented Putt-Putt at the National Building Museum

08 Aug
August 8, 2013 Miniature golf is one of America’s most quintessential outdoor summer activities. Whether it’s playing putt-putt with family, friends or a significant other, it’s always a wonderful way to spend a warm evening. Washington, D.C. does it differently.  The city’s most popular course this summer isn’t located outdoors. It’s in the middle of a building downtown. And that might be the least unconventional aspect of it. Because at this course, holographs replace water hazards; carpet, plastic and wood are used instead of grass; and traditional curves become unnavigable angles. It’s also a temporary pop-up putt-putt shop, only here until September. So what exactly is it? It’s the Read more [...]

Great Falls, VA – 8/8/13

08 Aug
August 8, 2013 From athletes to politicians, actors to entrepreneurs, Great Falls is the long preferred zip code for our areas uber-wealthy. CNN Money ranked Great Falls first in the nation on its list of "Top Earning Towns" in 2011. It makes perfect sense though, when the average household income is $179,000. It’s the part of NOVA that has not given way to postage stamp lots. The homes are on sizable lots and of course, have sizable homes. Condos and townhomes do not exist in this exclusive zip code. Great Falls has more than just Great big homes and Great shopping, they have the Falls! If you love to be out doors, you can access the Falls in VA or MD for a fun filled day of kayaking, climbing or hiking.  The Read more [...]