Of all the Metro DC jurisdictions recorded by MRIS (Metropolitan Regional Information Systems) our local MLS, Arlington had the highest growth in median sales price at 18.4%.
This is only for the month of November. Statistics can vary widely month over month.


read more

Happy Holidays!

Bearedited


read more

Rosslyn CEB Tower

There’s buzz that the CEB tower under construction at the corner of  Wilson, Lynn and N Moore Streets could be a significant tourist attraction.
Read the whole story here.

 


read more

There is much more to this article than the headline indicates. There are links to many articles here that can help you save thousands. READ THIS AND SAVE MONEY.


read more

This story illustrates the power of pricing in a hot neighborhood. Capitol Hill is one of the most popular neighborhoods in the city. This row house was priced at $400,000.
This is an unheard of price and attracted a lot of attention and many offers.

Urban Turf, by Lark Turner, December 3, 2014

A Capitol Hill home that hit the market last week received more than 30 offers in its six days on the market.

The green three-bedroom, one-bath rowhouse at 1240 E Street NE (map) was listed for $400,000. The property was not in foreclosure or distressed, but it is city-owned, vacant and needs at least $200,000 worth of work, listing agent Kymber Lovett-Menkiti told UrbanTurf. About 80 percent of the offers received on the home appeared as all-cash offers, she added, and a lot of the interest came from investors.

“It’s rare to have a property now where you can really have your own vision,” Lovett-Menkiti said. “We saw both owner-occupants, people who wanted to make the home their own, and obviously a lot of investors.”

Listing the home on the open market drew a wide pool of investors, including some who were looking to work on their first house as well as “bigger players,” the agent said. The listing presented a rare opportunity for a fair shot at a house.

“Investors are going door-to-door, they’re buying direct, so others don’t have the opportunity to get a chance at (similar properties),” Lovett-Menkiti said.

The $400,000 price point helped, too, despite the work the home requires; the agent said that for a similar, renovated home in Capitol Hill, “$800K is becoming the norm. The city is reviewing all the offers on the property and will likely make a decision based on terms, like any other seller, in the next day or so.

Capitol Hill Row hosueedited

1240 E St NE

 


read more