As DC’s population continues to expand, residential developments are springing up all over the city to accommodate its increasing density. Hoffman-Madison’s 24-acre project, The Wharf, brought three music venues, two apartment buildings, a condo building, multiple hotels, and over one acre of green space to the southwest waterfront. Meanwhile, the $1.3 billion Capitol Crossing project … Read More
As the 2020 housing market gets under way, it’s important to take a look back at what the 2019 real estate market looked like in DC to get a clear picture of where we are and where we’re headed in the new year. Local real estate website UrbanTurf analyzed market data on the 2019 DC … Read More
December 2019 was a record-setting month for DC home prices, with the median price rising to $635,000. For comparison, the median home price in the district in December 2010 was $399,000. The previous record price, $620,000, was set in June 2019. In addition to DC, home prices rose last month in Arlington, Montgomery County, and … Read More
Traditionally, spring is the busy selling season because bad weather can make homes look dreary and may be a deterrent to buyers visiting open houses. On the other hand, sellers may take advantage of the limited inventory available during the winter season and sell their home quicker and/or for a premium. Below are 5 tips … Read More
The New York Times has named Washington, D.C. the top place to visit in 2020 in its list of 52 top destinations for the new year. The reasons for DC’s attractiveness as a travel destination include: *Access to numerous cultural institutions, such as the Library of Congress and National Museum of American History, many with … Read More
If you are considering refreshing your home’s décor in the new year, consider these five trends that top designers anticipate will be big in 2020: *Bold Mono-Chromatics – monochromatic colors in bold hues such as Cobalt Blue and Kelly Green will be big. *Warm Wood Floors – walnut, mahogany, and dark oak finishes are becoming … Read More
With 2019 coming to a close, check out the five most expensive home sales that closed this year in DC: 5) 3306 O Street NW Sale Price: $7.7 million Square Feet: 7,166 Neighborhood: Georgetown Beds/Baths: 5 br/7 ba 4) 3949 52nd Street NW Sale Price: $7.75 million Square Feet: 8,976 Neighborhood: Spring Valley Beds/Baths: 7 … Read More
The Arlington County Board unanimously approved a redevelopment plan for Amazon HQ2, giving the green light to transform 6.2 acres of Metropolitan Park, located near Pentagon City. The plans are the first phase of HQ2 development; once completed, HQ2 will span 2.1-million square feet in Northern Virginia, including a mixed-use office building located at 1232-1450 … Read More
H Street/Union Market *Recent Changes: The opening of the Atlas Performing Arts Center *Upcoming Projects: Avec, a mixed-use project spanning two city blocks, will open next year; Union Station is set to be overhauled, creating 14 acres of offices, residences, and hotels; a new mixed-use neighborhood is coming to the Union Market district. Reston *Recent … Read More
Realtor.com’s annual forecast projects prices in the DC region will rise as much as 2.6% in 2020. While prices continue increasing in the district, some of the nation’s largest markets will see falling prices, including San Francisco and Las Vegas. Mortgage rates are expected to rise modestly, with the average on a 30-year fixed rate … Read More