Tag Archive for: Washington DC Real Estate

Washington, DC. Market Report – 7/13/13

13 Jul
July 13, 2013 HHH (hot, humid, hazy) is how Washington is described during the summer, but don’t let the weather keep you from enjoying all that Washington has to offer. There are museums and art galleries along the Mall that are free.  The Newseum is absolutely fabulous and one can spend days there checking out all the exhibits. Take a refreshing walk in Rock Creek Park where even on the hottest days you can relax in the shade of the large old trees and picnic with family and friends.  A cool sail along the Potomac aboard the Odyssey is a wonderful way to spend an evening with dinner and dancing. Any weather is fine for a show at one of the many theaters in Washington, where both Broadway shows and Read more [...]

Washington, DC – Market Report 11/20/12

20 Nov
November 20, 2012 Years ago as the holiday season approached, we looked forward to going “downtown” by trolley car to view the windows in the large department stores, Woodies, Hecht’s and Garfinkles.  They were always a vision of delight with the animated figures and glorious fairyland scenes.  Although these days are long gone, Washington, D.C. with its many neighborhoods is still a wonderful place to live.  The “District” as it is commonly called is the capitol of the United States and as such is a vibrant city. The four quadrants of the city, NE, NW, SE, and SW are all comprised of neighborhoods that range from low income to ultra-expensive.  Unique areas such as Capitol Hill and Georgetown as Read more [...]

Washington, DC – Market Report 6/21/11

21 Jun
June 21, 2011 Looking back at the month of May, 2011; the real estate statistics for Washington, DC seem muddled. With the Total Sold Dollar Volume at $325,048,359, showing a loss of -5.05% over this same time last year and up +16.95% over the month before. I felt that something a little more visual would put things in perspective. Read more [...]

Washington, DC – Market Report 3/16/11

16 Mar
March 16, 2011 Looking at the Washington, DC housing prices in comparison to this time last year – everything seems to have increased. Total Sold Dollar Volume is up 4.65%. Average Sold Price is up for February to $465,272. I don’t like to see the Days on Market increase, but this maybe seasonal. Read more [...]

Washington, DC – Market Report 1/12/2011

12 Jan
January 12, 2011 Did you know that the number of days on the market has dropped to an average of 78 days? This is down 8.24% since last year; the reason is the number of homes on the market has decreased. Less inventory means HIGHER PRICES. We are not out of the woods yet but it is getting better Read more [...]

Marketing Listings?

21 May
May 21, 2009 I was reading an article today where the author wrote about how he often passes by a listing in his neighborhood listed by some real estate brokerage that has a post sign in the yard, a rider with a name of an agent and an empty brochure box. WOW. Or should I say, WHOA. Where's the marketing? How does a consumer who is interested in that home get information about it? How is this home being marketed to the public? The public perception is that all agents and all brokers do the exact same things to market their listings for sale. This is not the case. Very few brokers have actual baseline marketing standards; a set of criteria, a toolbox of services to market listings in this increasingly Internet-savvy Read more [...]

$8,000 Tax Credit Can be Used as a Down Payment…

15 May
May 15, 2009 WOW. Housing and Urban Development (HUD) Secretary, Shaun Donovan, said on Tuesday that the Federal Housing Administration (FHA) will allow its lenders to facilitate the use of the $8,000 First-Time Homebuyers Credit as down-payment funds through short-term bridge loans. Doing so allows a first-time purchaser to access the tax credit funds at the closing table immediately. I have mixed feelings about this. On one hand, it is a great way to open up avenues of home-ownership to many first-time purchasers who do not have a ton of liquid cash on hand. Prices are low, inventory is good (but dwindling), and interest rates are unbelievably low. If the only barrier to homeownership for an otherwise Read more [...]

Why 2009 is the best time in 5 years to Purchase Real Estate

27 Feb
February 27, 2009 So, you ask, why now? What makes 2009 different than 2008? What has changed? Why should I invest in a home? Interest rates are at ALL TIME lows. NEVER have we seen 30 year fixed mortgages obtainable in the low 4% range. With our without continued government assistance, these are truly remarkable interest rates. Lenders are protecting buyers. No longer are lenders relying on the borrower to tell them what they can afford. Lenders are qualifying  buyers based on facts, and putting them into mortgages they can afford, now and for the future. If you are qualified, we have loans and money available. As David Bach (Noted financial guru and author of multiple books on creating personal wealth) Read more [...]

"UP and COMING" and still Coming Up, Some DC neighborhoods buck the trends…

25 Feb
February 25, 2009 Learn about the DC neighborhoods that are bucking the trends, as well as other neighborhoods to watch down the road. Read more [...]

Text-on-Demand on every listing available in the Washington DC Market

24 Feb
February 24, 2009 About 4 months ago, we unveiled our text-on-demand technology available for all consumers who list their home with Avery-Hess, Realtors. This service has worked out tremendously, adding yet another avenue with which to share information about your home for sale with the ever-increasingly tech-savvy homebuying public. We are currently working on making this tremendous technology available on every lsiting available in the Metropolitan Washington, DC area including Maryland and Northern Virginia. This technology will enable a prospective home purchaser to text the keyword AVERY to 59559 from their mobile device and receive information about any active property, instantly, via text message delivered Read more [...]