DC CLOUT "DC Area Real Estate Buzz"

Longfellow Flats Condominium 1352 Longfellow St NW Washington DC

Longfellow Flats  Condominium consists of 14 newly renovated condominium homes in the 16th Street Heights neighborhood.  This location in upper northwest give easy access to Columbia Height and  downtown DC via 14th and Silver Spring just north of the districts border, but probably the greatest benefit from the Longfellow Flats location is the quick access to Rock Creek Park.     [...]  read article »

If you considering buying a condo or loft in metro DC, use the form to email DC’s Condo Guy  your criteria and he’ll do the rest…

If you’ve already got a complex in mind and need more info before taking that final step, He can help….  Contact DC’s Condo Guy  Today….301/452-2278    dccondoguy@live.com

Washington DC Condo Market Update

Over the past six months between July 1 and December 31 sales of Washington DC Condos  and lofts sells fell almost 30 percent when compared with the same six month period in 2009. According to data gathered from the MLS, a total of 1156 condos and lofts were sold during this six month period in 2010, down from the 1642 units sold for the same period last year.

Over this same six month period between July 1 and December 31 the sold prices for Washington DC condos and lofts increased by almost 10 percent.

Price increases while the number of units sold decreases is really not new.  I think the rise in prices has more to do with the mix of condos sold than buyers willing to pay more for comparable condos compared to a year earlier.

Although it not apparent by the raw numbers, but put in proper context the numbers spell a rosy pictures for Washington DC condo buyer.

$8000 keep that number in mind.

Remember the $8000 buyers tax credit.

Let’s take a look at November 2009. In November 2009 299 condos were sold.  By comparison November 2010 183 condos were sold and 137 in November 2008. The  figures for 2010 were tremendously boosted by the First Time Home Buyers Federal  Tax Credit . The credit was initially scheduled to expire the last day of November 2009 before it was extended.
Back then there was a mad dash for the finish line, by buyers, lenders, title companies and realtors. Similar numbers can be seen leading up to June 30 the deadline for contracts to close so buyers qualify for the credit.

Post Credit environment.

While the 8000 tax credit was a windfall for buyers the disappearance of the tax credit has also proved to be beneficial to buyers. The immediate impact of the credit expiration is obvious by the sharp decrease in the number of Washington DC condo sold over the past six months. There are once again fewer buyers vying for a large supply of condos.

So even though there in no credit for today’s buyers the saving they reap because of less competition, the large supply and the desperate developers, banks, sellers, and real estate agents all equal a windfall for buyers..

DC's Condo Guy (Al Matlock)  www.dccondoguy.com  dccondoguy@live.com   401/452-2278

What you Get for the Money in Logan Circle

I talk to people weekly who want to by a condo in or near Logan Circle. Most of those who asked were surprised to learn how little they could buy in their price range.  Logan Circle condos are definitely on the higher end of prices in Washington DC. Here’s a sampling of what you get at various list prices in Logan Circle:

$200s  a studio, in secure building, rooftop pool

$300s  1 bedroom 1 bath, rooftop pool/deck  rental parking available

$400s  1 or 2 bedrooms pool/deck   800 to 1400 sf

$500s  2 bedroom 2 bath, pool gym and parking

$600s  no date available

$700s   2 bedroom 2 1/2 bath  gym, pool, approx 1500 sf 

$800s  no data available

$900s  2 bedroom 2 1/2 bath  large terrace , fitness, pool,  two parking spaces

SEARCH ACTIVE LOGAN CIRCLE CONDOS

Let me find the exact DC condo you’re looking for  dccondoguy@live.com   Website

DC's Condo Guy New Enhanced Property Search Engine

The GOAL find the perfect real estate search engine. A lofty goal but we’re now three-quarters of the way there. It ain’t pretty. But it has functionality.

Beta version is live today – with map and list searches, analysis (compare similar property), neighborhood data (housing value, the people, economy, schooling, environment, quality of life, maps), mortgage calculator and walkscore.

You can save searches, set daily, weekly and monthly email alerts, request more property info and schedule a showing.

And we do not force you to forfeit your email just to have access to search the MLS for Washington DC.

Please give it a spin. Comments appreciated…  Click Here    DC’s Condo Guy Website

Three Fantastic Solution to Washington DC Traffic Blues

I'm sure you've heard by now that our metro area ranks number one when it comes to traffic congestion. The conclusion of some new study. Simply validating a known.    WP article

I've got three great solutions to your traffic blues:

1. TRIPLE DECKER TREAT! 3 Level, 2 Bedroom, 2 Bath Georgetown Condo 3222 Cherry Hill Lane D1 NW Washington DC 2005  MORE

2. BARCELONA BOUND! 2 Bedroom 2 Bath nearly new Columbia Heights Condo with Den -  1435 Chapin St NW #309 Washington DC 20009  MORE

3. N STREET TREAT!  Lovely 1 Bedroom 1 Bath Logan Circle Condo - 1205 N St #B NW Washington DC 20005  MORE

For more info on these Traffic Busters or similar Washington DC properties - Contact DC's Condo Guy at dccondoguy@live.com  or 301/452-2278

TRIPLE DECKER TREAT! 3 Level, 2 Bedroom, 2 Bath Georgetown Condo OPEN SUNDAY 2/13/2011 1PM - 4PM:

Open Sunday 2/13/2011  3222 Cherry Hill Lane D1 NW Washington DC 20007 from 1pm - 4pm.

TRIPLE DECKER TREAT! Note 3-level, 2 BR, 2 BA condo with contemporary flair off the beaten path between M Street and Water Street. Spiral stairs, greenhouse windows, stacked W/D, wood floors and interesting angles throughout. $35,000 price reduction!

More: Built-in Bookcases,Crown Molding,Curved Stair,Drapery Rods,Entry Lvl BR,FP Glass Doors,Washer/Dryer Hookup,Wood Floors
Appliances: Dishwasher, Disposal, Microwave, Oven/Range-Electric, Refrigerator, Washer/Dryer Stacked.

Offered at:$425,000                                      Condo Fee: $400

 
 

Virtual tour

Want to view the property, Today?  Want more info on this or similar properties. Contact DC's Condo Guy at dccondoguy@live.com  or 301/452-2278

BARCELONA BOUND! 2 Bedroom 2 Bath nearly new Columbia Heights Condo with Den OPEN SUNDAY 1/23/2011 1PM - 4PM:

POSTPONED Open Sunday 1/30/2011  1435 Chapin St NW #309 Washington DC 20009  from 1pm - 4pm  and you're Barcelona Bound in this Columbia Heights Treat.  A 2 Bedroom, 2 Bath  nearly new condo with Den. Convenience is the word. A short stroll to the metro, shopping, dining, pubs, nightlife, Target, gyms, Giant and the U Street Corridor.

 Great space, lots of light, open kitchen with Silestone & stainless, multiple closets, HWF, wall-2-wall, neutral decor, well-maintained. Pets allowed and coveted parking spacein wide, well-lit alley. Why go to Spain when you can get this maravilloso condo in The Barcelona right here in DC?!

More: Drapery Rods, Drapes/Curtains, Shades/Blinds, Silestone Counters, Wall-to-wall Carpeting, Walk-in Closet(s), Wood Floors
Appliances: Dishwasher, Disposal, Ice maker, Microwave, Oven/Range-Gas, Refrigerator, Washer/Dryer Stacked.

Offered at:$480,000 

 

Click here for virtual tour..

Want to view the property, Today?  Want more info on this or similar properties. Contact DC's Condo Guy at dccondoguy@live.com  or 301/452-2278

N STREET TREAT! OPEN SATURDAY 1/22/2011 1PM - 4PM: Lovely 1 Bedroom 1 Bath Logan Circle Condo

Open Saturday 1/22/2011 1205 N St #B NW Washington DC 20005 from 1pm - 4pm a Treat on N street. A one bedroom, one bath condo in one of the most sought after neighbors in town. Convenient to everything, metro, shopping, dining, nightlife, Whole Foods, Dupont Circle, the U Street Corridor and city's  business and federal districts.

Now the home: Terrace level unit with good light, its own entrance & enclosed patio, open floor plan, granite counters, cherry cabinets, mosaic glass tile, crown, chair rail & panel moulding, wood-burning Fireplace, built-in cabinets & a huge laundry with storage area. 

Not Done yet:   Built-in Bookcases, Chair Railing, Crown Molding, Entry Level Bedroom, Fireplace  Mantels, Fireplace Screen, Granite Counters, Shades/Blinds, Washer/Dryer Hookup, Wood Floors
Appliances: Dishwasher, Disposal, Dryer, Ice maker, Microwave, Oven/Range-Gas, Refrigerator, Washer, Washer/Dryer Stacked

Offered at: $379,900

 

Click here for virtual tour..

Want to view the property, Today?  Want more info on this or similar properties. Contact DC's Condo Guy at dccondoguy@live.com  or 301/452-2278

 

DC’s Gondo Guy Website New Expanded Neighborhood Features

Neighborhoods by name -  features neighborhood profiles and useful info, including historical background, park locations, community culture, demographic data, housing market stats, designated landmarks, entertainment venues, area events, resources, commerce, schools and much more.  See Example below…

Capitol Hill the city's oldest, largest and most prestigious neighborhood, rumored to be the home of a third of congress, but Capitol Hill is an upper middle class neighborhood. Capitol Hill stands at the foot of the United States Capitol with large parts designated as a historical district  therefore there has been  limited new development. On The Hill renovation is word - a contractors dream. While sitting in the middle of a major metropolis it has a sophisticated  yet down home small town feel.   Or maybe it's the tree lined street, homes with personality, historic under your feet, the people, that gives it that small town feel.  Funny it didn't feel so small town before it's rejuvenation. The hill has a very diverse population and so to is the hills housing architecture.  The shop, the boutiques, sidewalk dining, coffee shops, the convenience, the cafes and pubs, the dining, the housing and Eastern Market all make  Capitol Hill an ideal place to call home..

Full Feature Here…         Comments Appreciated.. Thanks.  DC’s Condo Guy..

June 2010 Condo Sales Satistics for Washington DC

June   2010

Price Range Units Sold

Under $100,000 15 $100,000 - $199,999 33 $200,000 - $299,999 55 $300,000 - $399,999 71 $400,000 - $499,999 40 $500,000 - $599,999 28 $600,000 - $699,999 15 $700,000 - $799,999 9 $800,000 - $899,999 6 $900,000 - $999,999 5 $1,000,000 - $2,499,999 6 $2,500,000 - $4,999,999 1 Totals 284

Looking for a great DC condo contact DC's Condo Guy at dccondoguy@live.com   Let DC's Condo Guy find the exact condo you're lookin for...