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Market Conditions in 20005 : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 40
Wed Apr 17, 2013
Santiago Testa answered:
- Confidence in the national economic outlook
- confidence that the DC area real estate market is among the most stable in the county
- low interest rates
- a trend towards urban environments and all they offer ... more
0 votes 3 answers Share Flag
Mon Feb 18, 2013
Miekeba Jones answered:
Hi Ann. May I ask you to send me an email and I will send the prices for Belmont via email?
0 votes 3 answers Share Flag
Sun Jan 27, 2013
Boris Miric answered:
Hello Richard,

The curent condo fees for that unit are $215 per month and include: Ext Bldg Maint, Gas, Management, Master Ins Policy, Reserve Funds, Sewer, Snow Removal, Water.

That building does have income restrictions:
1 Person household: 45,200
2 Person household: 51,600
3 Person household: 58,100
4 Person household: 64,500
5 Person household: 69,700

Down payment help available through HPAP AC1769

I hope this info provided helps.

Boris Miric
(202) 459-4700
... more
0 votes 2 answers Share Flag
Mon Jan 28, 2013
Annette Lawrence answered:
Sounds like you have done your homework!
If you are right, you should not let a moment pass and purchase this house NOW. The day after closing you can resell if for 'PLUS" $425,000! Now that is real profit.
You should buy it! NOW! $425,00 straight into your retirement account (Self-directed IRA).
Best of success to you.
... more
0 votes 4 answers Share Flag
Mon Jan 21, 2013
Keith Jean-Pierre answered:
That is amazing, talk about in the nick of time!
0 votes 3 answers Share Flag
Thu Jan 17, 2013
Mark Rutstein answered:
Yes, population growth offsets inventory levels leaving the metro area ahead of the pack. Government job stability also pays an important roll.
0 votes 1 answer Share Flag
Wed Oct 10, 2012
James Downing answered:
These are NOT posted by Realtors ! There is a huge problem with scammers stealing real listings off of the internet and posing as either the owner or an agent.

A Realtor would NEVER ask you to wire money. If you see a posting; try to google the address - you may then find the LEGITIMATE Realtor and ask if the home is for sale or rent and how much it is. ... more
0 votes 5 answers Share Flag
Thu Jan 17, 2013
Wayne Johnson answered:
Hello Stafford,

There are many great areas that are close to Georgetown with access to transportation so it's really just a matter of personal preference and affordability. Generally, the closer to Georgetown, the more expensive but that's not entirely the case. Some of my favorite areas are Dupont, West End, Foggy Bottom, and Kalorama if you want to stay in DC within walking distance of Georgetown and be close to a Metro station. I live and work in this part of the city and would be glad to send you some great listings in these and other areas of the city if you contact me at or 202-494-0714. I would welcome the opportunity to help you in any way I can.

All the very best,

... more
0 votes 6 answers Share Flag
Sat Jul 21, 2012
William Panici answered:
This home is still available for sale. It has been for a very long time. Clearly the price is not right. An insignificant price reduction was made sometime ago. If you wish to see this home, please contact me at:, or (202)277-4675.
Bill Panici, Weichert, Realtors
... more
0 votes 4 answers Share Flag
Sun Jul 22, 2012
Miekeba Jones answered:
Hi hoisum2011. It would help if you included the link for the property that you are referring to. I can help you contact with the address and I will provide you with a comparative market analysis to help you price the place. ... more
0 votes 6 answers Share Flag
Sat Jun 2, 2012
Miekeba Jones answered:

Hi Ednira,

There is not a listing for 5020 Cathedral. Please open link above to view homes available on Cathedral. Is there somethingelse I may help you with? Contact ... more
0 votes 2 answers Share Flag
Sat May 5, 2012
Valerie Riggs answered:
Hi Hazim! Please email me at and send the address of the property you are requesting information for. It did not appear in your posting above. I can send you a more detailed email with information on the listing. ... more
0 votes 2 answers Share Flag
Fri Apr 20, 2012
Danilo Antezana answered:
Hi Kira,

I pulled the most recent statistics for the Foxhall zip code 20007, and Sellers in March received 92.58% of their original asking price. To see further statistics click here:

Hope this helps!

... more
0 votes 5 answers Share Flag
Fri Apr 20, 2012
Jason Skipworth answered:
That's going to depend on the total square footage of the home and price range. Something above $600K is probably going to command the high $500s to low $600s per square foot. Something $599K or less is probably going to command mid $500s or less per square foot.
Are you looking to price a home to sell, or are you looking to buy?
Let me know if you need help either way.
... more
0 votes 3 answers Share Flag
Sun Jan 8, 2012
Rich Homer answered:
You can read about it on this website ot contact a local Realtor here ... more
0 votes 7 answers Share Flag
Wed May 2, 2012
David Burnham answered:
In this area, things can vary block to block, but chances are there are additional factors.

The square footage you see is typically the 'taxable area.' This does not include basements, so a finished basement could make a big difference.

Other things that are not factored into price per square foot are things like central air, off street parking (or a garage space), and the land. Chances are the land does not make a big difference, but if the house is a corner unit or detached, it will add value.

If you want to send me some specific examples, I can give you a little more information.
... more
0 votes 4 answers Share Flag
Sun Mar 13, 2011
Melissa Barkalow answered:
Feel fee to drop me an email and I can send over to you prices and price/sf of condos sold in Kalorama.


Melissa Barkalow
0 votes 2 answers Share Flag
Sun Mar 13, 2011
Lise Howe answered:
Interestingly, prices for single family homes in DC have NOT decreased. According to the statistics put together by the Greater Capital Area Association of Realtors (GCAAR), the median price of single family homes (not condo or coop) has gone up in 2010 to $419,000 from $408,000 in 2009, and the average price has increased in 2010 to $580,615 from $561,936 in 2009. In addition, you should check out the front page of the Washington Post today which said that the DC region led the nation in price stability. If you want to start your search for a home in the DC metro area, please give me a call at 240-401-5577 or email me at Check out the Lise Howe Team at! ... more
0 votes 5 answers Share Flag
Sat Jan 29, 2011
Lise Howe answered:
I do think it is a good thing for the city and home buyers. The movement of new home buyers into the city has been a very positive effect and source of revitalization over the past few years. If the country can afford it, I think it will be extended again in two years, although you do have to wonder why DC gets the special treatment.... Does Detroit get the same treatment? Maybe it should be expanded beyond DC because I really think it has had a positive effect on the city! ... more
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