Price of homes for sale in Bethesda was up last year on average by 6.09% even though the number of homes sold was less due to the very limited inventory. In addition the average price of attached properties (condos and townhomes) was up an eye popping 21.45%, definitely surpassing the average price increase for detached properties – 2.75%.
Georgetown luxury penthouses looking over the Potomac River and all the city’s monumnets are very special and make a perfect Valentine’s Day gift for your sweetheart. What better romantic setting to enjoy for years and years to come! I personally love the idea of a romantic dinner on a rooftop terrace that comes with a penthouse condo or coop! Imagine sipping a great glass of champagne and eating a delicious chocolate dessert while admiring the city of Washington spread out at your feet!
4515 Foxhall Crescent is going to be open on Saturday 2 to 4. Be prepared to fall in love with the elegance, light and space that abound in this spectacular Foxhall Crescent home, one of DC’s most sought after developments.
The 7 Best Public High Schools in Montgomery County offer great education, lots of extra curricular activities and some specialized opportuities like the international baccalaureate program or STEM.
Spring Valley – a luxury neighborhood – continues to be one of the most expensive communities in the DC area with sales consistently above $2,000,000 this year. At the end of 2023, there were three homes on the market with another coming soon. They ranged in price from $5,975,000 for the coming soon to $1,850,000 for the least expensive.
The DMV Year End Market Report showed that while transactions were still relatively low in December, home prices rose strongly. The median price was up 8.1% year-over-year, with strong price appreciation for all housing types (i.e., single-family detached, townhomes, and condos) and across all regions throughout Bright’s footprint.
The direction of rates is of interest to all of us. Are rates going down or are they staying the same? Worst of all would be if they head back up. Low rates benefit homebuyers of course, but they also benefit seniors downsizing because lower rates create a stronger pool of potential buyers.
The most expensive sales in 2023 in DC, Montgomery County, Alexandria, Arlington and Fairfax started at $4M and went up from there. In addition there are some eye popping prices for homes that have not been sold yet! $50M for a new home with 450 feet of Potomac River access and a Turkish Hamman! Dan Snyder’s home is listed for less than $35M! Even if you are a first time home-buyer who is justifiably proud of your recent purchase of a studio apartment, you can still peek at the whopper sales that go on in the DC metro area. Here is a short summary of what has sold (and what hasn’t) in DC and each of the surrounding areas. After all, who isn’t a voyeur once in a while?
Superman’s apartment is for sale iin New York City and you could live there! Unfortunately it does not come with his fortress of solitude or his cape.
6724 Offutt Lane in Kenwood Forest is for sale and will be open from 1-3:30 on December 31. What better way to start the new year than with a new home! You will fall in love with this one bedroom garden style condo in Kenwood Forest.