Since June I have been working with many buyers as they look carefully for their next move. An old saying \”Buying well is half sold\” is truer now than it ever has been. We did not suffer like other cities, and you may recall Washington is ranked as one of the happiest Cities in the United States and is the most sought after location for college grads and those in the tech, bio tech, consulting fields. Commercial real estate in DC is poised for a big comeback, and those in the know have a great chance to really position themselves for securing great leases as the city prepares for the prosperous years ahead.
The sweet spot of the market has been both in the entry level condos, the under $1M townhouses that need work and the very high end luxury properties (over $4M) are moving as all cash buyers look for value. The classic Georgetown mansion Evermay just closed for $22M to private buyers who will enjoy the 3.5 acre home to themselves. Another top Georgetown home is in contract for over $8M and there are some stunning Kalorama and Georgetown homes coming on the market. First time homebuyers and investors with good credit should focus on a few neighborhoods of interest to me; Shaw, especially those blocks near the new market coming at 6th and O Street; the New York Avenue Corridor and H Street NE along the new trolley line are key areas to consider for new investment.
Spectacular Chesapeake Waterfront
4755 Bayfields Road, Harwood MD Asking $5.2M One of a kind waterfront home, 16 private acres with unparalled views of the Chesapeake Bay. Charming 5BR modern home with every amenity, guest cottage with 2nd gourmet kitchen, large in-ground swimming pool, tennis court, regulation croquet court, internationally celebrated gardens, 2000feet of waterfront with a private boathouse and pier. Twenty minutes to Annapolis and one hour to DC, BWI Check out the Virtual Tour on YouTube to see a stunning home. Currently under Contract.
Georgetown Property: 1242 Potomac Avenue NW in Georgetown. Truly a jewel box steps off M Street. Asking $2.8M
A stunning Federal built in 1803, this charming home features LR, DR and huge eat in kitchen, three bedrooms, three baths two car parking with guest house totally renovated. View the virtual tour or call if you would like to preview.