Home Prices in Foggy Bottom Washington, DC for December 2013

Home Prices in Foggy Bottom for December 2013

Real estate market data for Washington, DC provided by Natalie Dean of  www.washingtondcluxuryhomes.net.

Foggy Bottom Home Prices

We all know that Foggy Bottom is know for its eclectic style of coops and condos. Whether they are uber expensive toggling well over the million dollar mark or moderately priced in the low 200k's, they have fantastic charm and loads of character. We have seen 12 straight months of Median Sold Price increases on condo prices in Foggy Bottom and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a condos in Foggy Bottom but having a good real estate agent who understands the market is a must. There are a number of condos that are awaiting a renovation which also sparks a nice equity increase in your property.  As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Foggy Bottom condo on which you are making an offer.
If you are interested in how much current inventory on the market in Foggy Bottom you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. A note about Foggy Bottom, there is very little inventory. Currently in this area of Washington DC, condos have a median time of 84 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. As the spring market moves in coupled with Low inventory in Foggy Bottom we will probably begin to see multiple offers coming in on homes, quite similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 

 Home Prices for 

Foggy Bottom Real Estate Report Summary

The median sold price in December for condos in Foggy Bottom was $600,000. The list decreased by 9.43% from the previous month.

The average sale price in December overall for homes in Foggy Bottom is $721,833. The sale prices increased by +8.85% from the previous month.

Find Condos for Sale in Foggy Bottom 

Visit my website to Search for Homes in Foggy Bottom or to be notified when Foggy Bottom condos come on the market.
To find out what you home is worth in the current market email me or call 202-438-1056.

Update on the Mica Condos at Silver Spring

There has been  a phenomenal price break on one of these luxury units featured in our post Mica Condos downtown Silver Spring. PRICE DROP to 210k and offering 1 year of paid condo fees PLUS 2,300 in closing cost. That is 6% savings!! Unit 112 won't last, its renovated with gorgeous hardwood, terrazzo flooring, granite counters in kitchen and bath, stainless steel appliances and incredible amount of sunlight. Schedule your viewing of the unit today, we promise you won't be disappointed. Visit Luxury Condos at the Mica Silver Spring.

Hang out with friends or just spend quiet time in the recreational room 

The Mica Condos, Silver Spring MD

Find similar condos for sale to the The Mica Condos Silver Spring, MD

The Mica is an incredible place to live from start to finish. A secured building that allows your friends to wait for you in style. The lobby features plush velvet couches, impeccable finishes and a flat screen t.v.. Entertain in the swank community room with a wet bar, flat screens, couches and more. Better yet enjoy a game of pool with friends. The state of the art fitness center lets you say goodbye to that overpriced gym membership once and for all. Enjoy tranquility at the gated outdoor pool. The building amenities let you take a day off from work and never have to leave home. 

Downtown Silver Spring is a bustling mecca sitting on the D.C. line. Over the past five years it has seen major revitalization from Arts and Entertainment, to Fine Dining, Boutique Shopping and tons of community events held annually. Living here is like living in a major metropolitan city without the constant 24/7 congestion. 

Gorgeous Condo Units at the The Mica

Beautiful units built in 2006. Ranging from 500 square feet to 1300 square feet in size. Well maintained grounds, off street parking and a view of the city make it a "Perfect 10". The studio units are spacious and well appointed. The layout accommodates an area designed for a queen size bed and with a chic divider one can design a living room that has a flat screen, couch and a love seat, simply exquisite! Unit 112 (studio) even features a wet bar with a granite counter in the living area, fabulous for entertaining.

Luxurious living on a budget gives you granite counter tops, stainless steel appliances, laminate flooring, washer/dryer in the unit and upgraded bathrooms with terrazzo tile. Prices of the units range from 200k to 425k on the high end.

What you can find at the Mica

This high rise sits at the front of Blair Mill Road just off East West Highway. An artsy building, it boasts manicured lawns and luxury signage, all of this and more is waiting to greet you as you pull up to Mica Condominiums. The building is pristine and the attention to detail is impeccable. You will always see maintenance personnel happily at work ensuring that everything is in tip top shape and management sits at the building with an "open door" policy. Lavish living abounds with nothing left to chance at the Mica.

The condo fee covers water, gas, electric and the use of all amenities in the building. Off street parking is a prized possession in any city and the Mica has that too. Unit 112 has a parking space that conveys with the unit but that is not standard as it varies condo by condo. There is gated parking in the in the rear of the building as well as a garage, the location of both allows for easy access to the interior of the building.

Living in Downtown Silver Spring

Shop at the Giant shopping center directly across the street from the Mica. It has a barber shop, a cleaners, coffee shop, nail salon and several restaurants. The Metro is a 5 minute walk and NOAA and Discovery call Silver Spring home employing thousands of people. Downtown Silver Spring not only has Planetariums and Cultural Art Centers but it has natural outdoor space with over 13 parks and plazas. 

There is no shortage of nightlife to enjoy, there are playhouses and public art centers not mention the AFI Silver Theater and Culture Center. This center is dedicated to independent films, artist, educators and audiences around the world. The Fillmore is center stage in Downtown Silver Spring and brings world class musical artist to the area monthly.  This venue is a cornerstone in the neighborhood. Find out more about life and living in Silver Spring at Life and Living in Downtown Silver Spring. 

The Mica Condos in Silver Spring are a great place to call home. You will not be disappointed if you end up living here. You can find condos for sale at the Mica and Silver Spring at available Mica condos for sale on my website.

Don't wait for prices to go up to buy. Purchase your home today at the Mica and start living in Downtown Silver Spring. 

Free Market Reports on Downtown Silver Spring