Following months of closures due to the pandemic, many DC museums are beginning to reopen with enhanced safety measures and capacity limitations in place. Please note that masks are required, and many of these sites require visitors to reserve timed-entry passes; it is recommended that you check each venue’s protocols prior to visiting to ensure … Read More
June marked a record high for DC-area home sales, with 6,046 pending sales for the month, up 17.7% from May, marking the highest level for pending sales in a decade. The number of newly listed homes rose 16.2%, and total active listings fell roughly 5.0%. With inventory levels remaining constrained, the median price of homes … Read More
If you are unable to meet your mortgage obligations due to COVID-19-related circumstances, notify your mortgage lender or servicer as soon as possible to discuss your options. Check your most recent monthly statement for your mortgage lender or servicer’s contact information. Homeowners with reduced income may qualify for mortgage relief under the federal Coronavirus Aid, … Read More
Housing market activity picked up in the D.C. area in May, with the number of homes that went under contract rising nearly 34% from April, and the number of new listings increasing more than 12%. Compared to May 2019, pending sales and new listings are 7.5% lower, but the acceleration of activity suggests buyer and … Read More
To Our Valued Clients and Friends: In this time of uncertainty, our team is hoping first and foremost that everyone remains safe and healthy. We are actively monitoring the COVID-19 situation and taking steps to continue serving our clients with the utmost vigilance and care. We would like to let you know that there are many steps … Read More
Silverstone Senior Living has broken ground on a new luxury senior living community at 2620 Main Line Boulevard in Alexandria’s National Landing, near Amazon HQ2. The project is a $100 million development spanning 216,000-square-feet, including 163 apartments for independent and assisted living. Located on 1.4 acres in the Potomac Yard section of National Landing, the … Read More
DC’s Office of Tax and Revenue has sent new property assessments to homeowners in the city, and the proposed average residential increase is 3.46%, with significant neighborhood to neighborhood variation. The proposed increase for commercial properties is 3.92%. The assessments are slated to rise the most in Wards 7 and 8, east of the Anacostia. … Read More
BF Saul has released its plans for a mixed-use development in downtown Bethesda which would replace the buildings currently bound by Wisconsin Avenue and Tilbury Street, from Highland to West Virginia Avenues. The new, nine-story building would deliver 350 apartments in addition to 15,000 square feet of retail fronting Wisconsin Avenue. The developer would also … Read More
Apartment rental rates vary considerably across the DC region based on a breadth of factors including amenities, access to public transportation, and individual neighborhood. Based solely on jurisdiction, Bethesda currently has the DC metro area’s most expensive rents, according to an analysis by apartment search site RentCafe. The average apartment rent in Bethesda is $2,466 … Read More
Condominium sales and marketing firm McWilliams Ballard has released a new report aggregating DC condo sales and pipeline information from 2019. According to its findings, there was a 12% year-over-year increase in DC-area new condo sales and 20% year-over-year increase in new condo sales in the city proper. In Loudon County, year-over-year sales were up … Read More