The Georgetown Report by Russell Firestone | The Real Estate Market in Georgetown and Washington DC
The Real Estate Market in Georgetown and Washington DC
According to Real Estate Business Intelligence, the DC area has the lowest “for sale” inventory in seven years. Not since the hot real estate market of 2005 has the inventory in the DC area been this low. Agents in Northwest DC have been discussing how low the inventory has been for the last year and this data from RBI supports what we have all been saying.
DC Metro Closes 2011 with Lowest Inventory Level since August 2005 | RBI.
According to the National Association of Realtors, the existing home market is in its third month of an uptrend in sales. Lawrence Yun, NAR Chief Economist says that “these are the early signs of what may be a sustained recovery.”
“The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, and are 3.6 percent higher than the 4.45 million-unit level in December 2010. The estimates are based on completed transactions from multiple listing services that include single-family homes, townhomes, condominiums and co-ops.”
I was the listing agent for this elegant Federal townhouse in the East village of Georgetown. The beautifully renovated four bedroom three and a half bath townhouse has hardwood floor throughout the main levels. The private garden leads to a two car garage and parking for a third car. The list price is $2,499,000.
This is the link to the virtual tour.
I was the listing agent for this elegant four story Federal townhouse on a cobblestone street on the West side of Georgetown. The house has five bedrooms bedrooms and three and a half baths baths with an apartment on the first level. It has fantastic wide plank wood floors throughout the main levels with a semi-detached breakfast room leading to a flagstone garden. The list price was $1,595,000.
This is the link to the virtual tour.
I was the listing agent for this classic Georgetown townhouse. The light filled two bedroom and two bathroom house has wood floors and a large renovated master bathroom with marble tile and a claw foot tub. The finished basement hasrecessed lighting and built in desk and storage area. It has a deep garden and two car parking. The asking price was $899,000 and was only on the market for 14 days.
This is the link to the virtual tour.
I represented the purchasers of 5109 39th Street. This elegant fieldstone house in Chevy Chase DC was built in 1929 and has six bedrooms and three and a half baths. The classic floor plan features wood floors through out and an updated open kitchen and family room. The columned screen porch overlooks the garden and old growth trees.
The asking price was $1,399,000.
I was the listing agent for this classic Georgetown townhouse on the West side. The house has three bedrooms and two and a half baths with high ceilings, crown molding, a fireplace and hardwood floors throughout its over 1,600 square feet. The expansive sun-filled living room has French doors leading to a large backyard. The new gourmet eat-in kitchen has a five burner range and farmhouse sink. Newly renovated master bath and guest bathrooms as well as powder room. The asking price was $1,200,000.
This is the link to the virtual tour.
I represented the purchaser of this mid-century modern home in Hollin Hills Alexandria. The house was designed by Charles Goodman and built in 1953. Goodman designed the original Washington National Airport and became one of the most sought after modern architects in the Washington area. The listing price was $859,700.
I was the listing agent for this modern condo on the top floor of the 3267 N Street in Georgetown. The updated interior featured sky lights and French doors opening to a terrace. The bedrooms have views across the river into Virginia. The modern kitchen has exposed ceiling beams and marble counters. The asking price was $579,000.
This is the link to the virtual tour.
I represented the purchaser of this elegant 3 bedroom 3 bathroom townhouse listed at $1,290,000. The original wide plank wood floors were preserved throughout the house which is what everyone hopes to have but many houses have been renovated and the wood floors replaced over the last 100 years. The deep garden features a flagstone terrace and fountain.
This is the link to the virtual tour.
