Home Prices in 16th Street Heights Crestwood Washington, DC for December 2013

Home Prices 16th Street Heights Crestwood Washington, DC for

December 2013

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

16th Street Heights Home Prices

The fabulous 16th Street Heights, a little piece of solitude right in the heart of DC. Famed for its myriad of styles of homes from Arts and Crafts, Craftsmen Homes, Bungalows and Tudors the list go on and on. There is truly something for everyone in 16th Street Heights. In between all these gorgeous homes and wonderful parks also sits a fair share of condos for the hipster buyer. The one who wants all the nuances of living in the city with a slice of the burbs. Over the past year the homes prices have had peaks and valleys with the highest point being the summer, which is normal. However since September we have a month over month increase although incremental it is one to watch. Boasting anywhere from a 1.40% to a 1.61% increase. We have seen 11 straight months of listing price increases on Home Prices for 16th Street Heights  and don’t expect things to slow down anytime soon.  There is a great deal of interest in this area and which makes having a knowledgeable real estate agent a necessity. Sellers in this area know their market and realize the value of their homes. The margin for list price to sold price is 95.21% which only allows for slight room for negotiations. Check out the interactive graph below and measure the stats for yourself. That being said there is still a need for an agent to do an indepth study of this marketplace. Both buyers and sellers would want to ensure that the homes being compared are indeed the same in all respects. Request a complete market analysis and then sit with your agent and study it thoroughly.

If you are interested in how much current inventory on the market in 16th Street Heights you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. There are two fixer-uppers that are priced in the 200k's and with most inventory being priced well over 400k this might represent an incredible investment opportunity. Currently in this area of Washington DC, homes have a median time of 42 days on the market before they sell. An aggressive market indeed. Low inventory in 16th Street Heights has multiple offers coming in on homes. Don't wait to buy the spring market is only going to bring a HOTTER market. Check out the chart below see an interactive snapshot of all trends in the 16th Street Heights real estate market. 

 16th Street Home Prices

Find Homes for Sale in 16th Street Heights Washington, DC

Visit my website to Search for homes in 16th Street Heights Crestwood or to be notified when 16th Street Heights homes come on the market.
To find out what you home is worth in the current market Email Your DC Metro RE Gal or call at 202.438.1056.

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