Washington Business Journal - by Jeff Clabaugh
Date: Wednesday, February 16, 2011, 1:00pm EST - Last Modified: Wednesday, February 16, 2011, 2:03pm EST
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Residential Real Estate Single-family housing prices in the District and Montgomery County were up significantly from a year ago last month, though the condominium prices were mixed. The Greater Capital Area Association of Realtors says the median price of a single-family home in D.C. was $399,000 in January, up nearly 14.2 percent from a year earlier. The number of listings was little changed, while the number of settlements was also up more than 14 percent.
D.C. condo prices were up just 1.44 percent from a year earlier, to a median price of $347,950. In Montgomery County, the median price of a single-family home was up 16.64 percent from January 2010 to $414,000. The number of listings was up 12.5 percent, while settlements were down 5.6 percent from a year earlier. Median condo prices were down 10.42 percent from January 2010 in Montgomery County, to $172,000. “The residential housing market in the metro area has been picking up steam over the past nine months,” said GCAAR President Adrian Hunnings. “As buyers and sellers prepare for the spring market, we will begin to see how the recovery of the housing market will take shape in 2011.”
The absorption rate, or the number of active listings divided by the number of contracts, shows supply remains below 6 months at the current pace of selling in both D.C. and Montgomery County, a level the Realtors group says is consistent with a healthy market.Read more: D.C., Montgomery County housing prices jump | Washington Business Journal
Tags: DC Real Estate Market
February 21st, 2011 · 1 Comment
This parade in Old Town Alexandria is “The largest Parade Celebrating Washington’s Birthday in the USA!” The parade dates back to at least 1923 and features bands, floats, wagons, horses, historic reenactment units, youth groups, and special performances.
Date: Monday, February 21, 2011
Parade Route: The George Washington Birthday Parade starts at the intersection of Gibbon and S. Fairfax streets. The reviewing stand is located near City Hall’s Market Square, at the intersection of King and Royal streets, and ends at Wilkes and S. Royal streets. See a map of of the parade route.
Transportation and Parking: Free DASH shuttle bus service will take you downtown and back from 11 a.m. to 4 p.m. Parking is free at the parking lots adjacent to the Eisenhower Avenue Metro Station. There are many parking garages within the vicinity of the parade route. See a guide to parking lots in Old Town Alexandria.
See Photos of the George Washington Birthday Parade
Admission is FREE on Presidents’ Day, Monday, February 21, 2011!
Historic Mount Vernon celebrates George Washington’s 277th birthday with three days of special events. Presidents’ Day is a great day to explore George Washington’s Mount Vernon Estate and Gardens and learn more about the life of the first president of the United States. See Photos of George Washington’s Birthday at Mount Vernon
Schedule for Saturday, February 19 and Sunday, February 20
9:00 a.m. - 12:00 p.m. Join “George Washington” for breakfast as he enjoys his favorite morning meal, “hoecakes swimming in butter and honey”, cooked over an open fire Pull up a hay bale and chat with the Father of Our Country about politics, farming, the Revolutionary War, and life in the 18th century.
1:30 p.m. “America’s Smallest Hometown Parade”, complete with fife and drum corps, early-American music and heritage breed animals, lines up to march past “General Washington”, the Mansion and around the circle drive.
Schedule for Monday, February 21
10:00 a.m. An official wreathlaying ceremony is held at Washington’s tomb, followed by a performance and Revolutionary War battle demonstration by the 3rd U.S. Infantry Fife and Drum Corps and the Commander-in-Chief’s Guard. “General Washington” will be on the grounds to greet visitors and receive their birthday wishes.
1:30 p.m. “America’s Smallest Hometown Parade” makes its Monday debut with an encore of its weekend performances. The parade includes a fife and drum corps, early-American music and heritage breed animals marching past “General Washington”, the Mansion and around the circle drive.
Tags: News of the Week
February 7th, 2007 · Comments Off
The D.C. Neighborhood Spotlight provides the geographic location, location of shops and restaurants, public services, and real estate statistics for a specific neighborhood.
Georgetown, founded in 1751 by George Beall and George Gordon, is situated at the farthest point upstream ocean-going boats could navigate the Potomac River, and it grew as a trade port for goods being transferred to the Chesapeake and Ohio Canal. 200-year old buildings, cobblestone streets, and Georgetown University provide the neighborhood with an old-world charm. Specialty shops, boutiques, cafes, and some national chains make up most of Wisconsin Avenue NW and M Street NW. Georgetown housing consists of mostly beautiful row houses and some apartments in the form of English basements. Keep reading →
Tags: DC Neighborhood Spotlight · Georgetown
February 5th, 2007 · Comments Off
Check out the local and national real estate trends and headlines that made the news this week.
The real estate headlines from the Washington Post, RealEstateJournal.com, CNN Money, and Bankrate.com dove into the following topics: appraisal trends, benefits of homeownership, property tax assesments, pending home sales, discounts on brand-new homes, sea-based living, $510 Million Trailer Park, and agent interview questions. Keep reading →
Tags: News of the Week
February 1st, 2007 · Comments Off
“As with any decision, people should use their resources.”
A real estate transaction is a transaction of choices: the selection of an agent, an asking price, an offer amount, etc. The choices I have selected to discuss today include the selection of a title company and a lender. With thousands of lender options and a handfull of title companies here in the Washington, DC area, what title company and lender should you use? Keep reading →
Tags: mortgages · How To · Settlement
January 30th, 2007 · Comments Off
Check out the local and national real estate trends and headlines that made the news this week.
The real estate headlines from the Washington Post, RealEstateJournal.com, CNN Money, and Bankrate.com dove into the following topics: Loudan County single-sale record, stricter lending practices, calculating tax on home sales, cancellation rates, pricey home markets, the changing demographics of homebuyers, easy upgrades appealing to homebuyers, and flipping. Keep reading →
Tags: News of the Week
