The median sale cost in the D.C.-metro was $585,000 in the month of August, in accordance to Greater Capital Location Affiliation of Realtors details.
Fifty percent a million bucks is a ton of revenue, but it isn’t going to warranty DMV prospective buyers a large amount of household, Paige writes.
Why it issues: The D.C. metro’s housing market is nevertheless on hearth thanks to traditionally reduced interest charges, minimal inventory, and significant asking prices.
- Potential buyers have to be quite competitive, and ordinarily have to set in many delivers before profitable a bid.
What’s going on: We in comparison listings for all-around $600,000 in six distinctive regional neighborhoods.
Unsurprisingly, we uncovered that distance from D.C. closely correlates with square footage.
1120 Rhode Island Ave NW Apt 1 – $519,000
Logan Circle | 2 mattress, 1 bathtub | 745 square toes
Characteristics: Apartment in a transformed Victorian mansion with a den wooden flooring kitchen with marble counters and stainless steel appliances washer/dryer in device.
- Listing agent: Stated by Maxwell Rabin, TTR Sotheby’s Worldwide Realty.
5043 9th St S – $535,000
Arlington | 2 mattress, 3 bathtub | 1,332
Options: Three-stage, finish device townhome with hardwood floors in the residing and eating rooms stainless steel appliances and granite countertops in the kitchen fire.
- Listing agent: Laree Miller, KW Metro Heart.
5101 Connecticut Ave NW #4 – $549,900
Chevy Chase | 1 bed, 1 tub | 820 sq. feet
Functions: Model new condo in a luxury boutique creating that consists of waterfall quartz countertops and top-stop appliances in the gourmand kitchen flooring-to-ceiling windows vast-plank hardwood flooring.
- Listing agent: Samer Kuraishi, The 1 Avenue Firm.
1514 17th St NW #305/303 – $599,000
Dupont Circle | 2 mattress, 2 bathtub | 1,036 sq. feet
Features: The Copley Plaza co-op has hardwood floors 10-foot ceilings stroll-in closet, gourmand kitchen with updated quartz countertops and stainless steel appliances renovated visitor rest room.
- Listing agent: Hans Wydler, Compass.
516 Redland Blvd – $599,900
Rockville | 3 beds, 4 baths | 1,968 sq. feet
Features: The property has two total and two 50 percent baths with a two-vehicle garage hardwood flooring on the principal stage stainless metal appliances and granite countertops in the eat-in kitchen no cost shuttle to Metro.
- Listing agent: Rex Thomas, Samson Properties
11335 Drumsheugh Lane – $599,990
Higher Marlboro | 4 bed, 4 tub | 2,870 square feet
Capabilities: All-brick colonial household with marble flooring in the two-stage lobby sauna heated pool stone kitchen area flooring two fireplaces completed basement with a soaked bar and a entire tub.
- Listing agent: Kimberly Trimble, Trademark Realty, Inc.