The Georgetown Report by Russell Firestone | The Real Estate Market in Georgetown and Washington DC
The Real Estate Market in Georgetown and Washington DC
In the month of May, there were 23 sales in Georgetown with an average sale price of $1,699,826 with a total sales volume of $39,096,000. All sales data provided by MRIS.
This is the link to the PDF list of properties that were sold in Georgetown in May: May Georgetown Sales Report
Located in the heart of Kalorama just off Embassy Row is this Grand Beaux-Arts style residence. Features include a first floor formal reception room and library, formal living and dining rooms, spectacular kitchen with adjoining family room, large master suite plus three additional bedrooms, four baths and two powder rooms. The grounds feature private landscaped gardens, fountain, terrace and a pool. Asking $4,450,000. Co-listed with Michael Rankin and Julia Diaz-Asper.
This is the link to the virtual tour
List prices in the Washington DC Metropolitan region have a median gain of 9.76% year over year according to the National Association of Realtors. The DC metro area list price increase is the fourth highest in the nation so far this year compared to last year. The list price increase is due to many factors but most importantly low inventory. According to MRIS, the inventory in DC is 1.96 months before a property goes under contract on average.
This is the link to the full NAR report.
One of the few semi-detached townhouses in sought after Hillandale at Georgetown. Four bedrooms and three and a half baths with hardwood floor through out the upper levels. Open fireplace connects the living room and dining room. French doors from the dining room and kitchen open onto large rear garden with fountain and mature landscaping. Quiet hydraulic elevator serves all floors. Two car garage and driveway. Asking $1,295,000- under contract in 8 days.
This is the link to the virtual tour
The DC metro area list prices rose month over month by 5.92% making it the number two area in the country for rising list prices. San Francisco is number one by less than .02%.
This is the link to the article in Realtor Magazine:
7 Metros Where List Prices Soared Last Month | Realtor Magazine.
In the month of February, there were 14 sales in Georgetown with an average sale price of $1,342,107 for a total sales volume of $18,789,500.00.
This is the link to the PDF list of properties that were sold in Georgetown in the month of February:
Sold Properties
All sales data provided by MRIS.
Elegant, renovated 3 bedroom and 3.5 bath semi-detached townhouse in Hillandale. Hardwood floors throughout the main levels, Living room with fireplace and french doors opening to terrace. Updated kitchen with granite counters and separate breakfast/seating area. Wide staircase leading to fully renovated top floor with cathedral ceiling in the master bedroom and renovated bath w/separate shower.
Asking $1,388,000 – Under Contract in 12 days.
This is the link to the virtual tour
I am the listing agent for this brick townhouse within the prestigious gated community of Hillandale. This four bedroom and three and a half bath house features an open living room and dining room overlooking the French Embassy. The updated eat-in kitchen features granite counters and a wine chiller. The master suite has dual sinks and tub and shower. An elevator serves all four levels. Media room, garage and access to community pool/tennis. The asking price is $1,295,000.
This is the link to the virtual tour or click the photo.
According to Cassidy and Turley, the Washington DC area had $7.2 billion in office sales 2011 which is up 68 percent from 2010. The high office building sales bodes well for the DC jobs market and further bolsters the residential real estate market.
Washington office sales volume second to Manhattan – Washington Business Journal.
In the month of January, there were 10 sales in Georgetown with an average sale price of $2,064,125 for a total sales volume of $20,641,250.00.
This is the link to the PDF list of properties that were sold in Georgetown in the month of January:
Sold Properties
All sales data provided by MRIS.
