
MAY 2009 SALES
|
3925 Davis Place NW, #B-6 Studio/60 DOM CLOSE PRICE: $207,000
|
$207,000 |
|
2655 41st Street NW, #B-3 1 BR/1 BA/43 DOM CLOSE PRICE: $208,000
|
$214,900 |
|
4100 W Street NW, #410 1 BR/1 BA/103 DOM CLOSE PRICE: $226,500
|
$229,500
|
|
4100 W Street NW, #415 1 BR/1 BA/67 DOM CLOSE PRICE: $239,500
|
$239,500 |
|
2400 41st Street NW, #515 1 BR/1 BA/317 DOM CLOSE PRICE: $260,000
|
$284,500
|
|
2725 39th Street NW, #409 1 BR/1 BA/4 DOM CLOSE PRICE: $289,900
|
$289,900 |
|
2325 42nd Street NW, #409 2 BR/1 BA/133 DOM CLOSE PRICE: $335,000
|
$360,000 |
|
4009 Davis Place NW, #201 2 BR/2 BA/34 DOM CLOSE PRICE: $470,000
|
$489,000 |
|
1613 44th Street NW 3 BR/2 BA/8 DOM CLOSE PRICE: $595,000
|
$595,000 |
|
4440 Reservoir Road NW 3 BR/2 BA/30 DOM CLOSE PRICE: $600,000
|
$615,000 |
|
4416 Volta Place NW 3 BR/1 FB/1 HB/13 DOM CLOSE PRICE: $668,000
|
$689,000 |
|
1705 Surrey Lane NW 4 BR/2 BA/141 DOM CLOSE PRICE: $692,000
|
$705,000 |
|
2312 39th Street NW 4 BR/3 BA/3 DOM CLOSE PRICE: $779,000
|
$779,000 |
|
4465 Greenwich Parkway NW 4 BR/2 BA/12 DOM CLOSE PRICE: $790,000
|
$799,000 |
|
3538 W Place NW 4 BR/2 BA/9 DOM CLOSE PRICE: $789,000 |
$799,990 |
Here are some stats for Georgetown. You will notice that we currently have more active listings than any other broker. Also, that in the past 6 months, we and Washington Fine Properties have each been on the Buyer's side of 16 of the settled sales.
Active Listings - Fee Simple and Condo/Coop: Total 137
LNG - 33
WFP - 25 ( 6 are in one project, so adding all 6 makes the total 30)
CBRB - 20 (10 are in one project, so adding all 10 makes the total 29)
TTRS - 18
Past 6 months Fee Simple Sold (Settled) in Georgetown:
Selling Broker Listing Broker
LNG 16 12
WFP 16 26
CBRB 6 8
TTRS 7 4
Going under contract in Georgetown since June:
Jun 9
Jul 16
Aug 10
Sep 9
Oct 8
Nov (to date) 4
In all of DC, coming under Contract:
Fee Simple 08 Fee Simple 07 Condo/Coop 08 Condo/Coop 07
Nov 5-12 60 66 40 60
Nov 13-19 69 68 56 73
Glover Park's cool quotient just rose exponentially. It is fast becoming home to many young professionals - many of whom are "DINK"s (double-income-no-kids) - who want some good places to blow off steam and a wide variety of good food to choose from when they go out.
Recently, we saw the opening of a new bar called Breadsoda. It is located near the Vespa shop across from the CVS on Wisconsin. It is a great neighborhood bar with an uber modern decor that caters to just about anything you might want. They have a full bar with friendly staff who take and fill orders quickly. They have an extensive beer menu, and rotate them regularly so patrons don't get bored. Don't be surprised if they ask you if there is a beverage you like that they don't have... so they can make sure to accomodate you next time you're in. They have a wonderful menu of great sandwiches, several of which are even appealing to us vegetarians (how progressive!), good desserts, and special pickles. They always have good music and plenty of seating. You can sit at one of the tables or stools inside, or at one of the covered tables on the little patio outside if you are a smoker or just want some fresh air. Lastly, one of their best features is that if you get bored with drinking, eating, or talking with friends, there are also several pool tables and a great shuffleboard table to keep you entertained. Great atmosphere, good music, great food, libations... what more could GP's yuppie crowd ask for?
If you have walked by the old Apollo market at 2444 Wisconsin, you will notice that it will now be a new restaurant called Surfside, which will be opening in the next few weeks. Said to be a laid-back seafood grill brought to you by the peeps responsible for the irresistable sandwich shop, Jetties, in Foxhall. They also got one of our few liquor licenses that came up for grabs, so they will be serving frozen margaritas and beer on their rooftop deck.
Sadly, sometimes change can be painful. One of my favorites, The Grog and Tankard, will be closing soon and is rumored to be replaced with an upscale tavern aimed at the young and swanky called Gin & Tonic. Downside: no more great live music from our local seedy dive bar (I say that fondly).
Another of my favorite restaurants, Busara, which serves amazing Siamese/Thai cuisine in an oddly 80's- themed dining room with reggae music frequently playing in the background, will also be closing. This place had the best garden seating. When the weather was nice, there was no better place to have a great meal than Busara's zen patio. It will allegedly be replaced with a restaurant brought to you by the people responsible for the palate-extravaganza that is Mendocino. So, this brings fine dining in Glover Park to a whole new level, which I am looking forward to.
Last, but not least, we are apparently also getting a Z-Burger at 2414 Wisconsin Avenue, as well as a new deli opening at the My Bakery and Cafe location at 2233 Wisconsin Avenue. The deli will be opened by the guys that brought you Bourbon, another of our wonderful local watering holes and happy hour destinations.
Also, if any of you have checked out the new Shanghai Tea House beside Heritage, let me know what you thought. I haven't had a chance to go in there yet, but I have heard good things...
| DISTRICT OF COLUMBIA ABSORPTION RATE | |||||
| SINGLE FAMILY HOMES | |||||
| AS OF | |||||
| AVG | AVG | ||||
| PRICE RANGE | TOTAL | TOTAL CLOSED | ABSORPTION | DOMP | DOMP |
| ACTIVES | RATE | SOLD | ACTIVE | ||
| 0 - 149,999 | 27 | 16 (3.2/month) | 27/3.2= 8.44 months | 71 | 744 |
| 150,000 - 199,999 | 83 | 23 (4.6/month) | 83/4.6= 18.04 months | 107 | 121 |
| 200,000 - 299,999 | 330 | 140 (28/month) | 330/28= 11.79 months | 112 | 140 |
| 300,000 - 399,999 | 395 | 175 (35/month) | 395/35= 11.29 months | 104 | 125 |
| 400,000 - 499,999 | 287 | 109 (21.8/month) | 287/21.8= 13.17 months | 111 | 138 |
| 500,000 - 599,999 | 162 | 90 (18/month) | 162/18= 9 months | 111 | 138 |
| 600,000 - 699,999 | 87 | 89 (17.8/month) | 87/17.8= 4.89 months | 55 | 97 |
| 700,000 - 799,999 | 72 | 82 (16.4/month) | 72/16.4= 4.39 months | 66 | 93 |
| 800,000 - 899,999 | 63 | 68 (13.6/month) | 63/13.6= 4.63 months | 52 | 99 |
| 900,000 - 999,999 | 38 | 37 (7.4/month) | 38/7.4= 5.14 months | 92 | 108 |
| 1,000,000 - 2,000,000 | 135 | 116 (23.2/month) | 135/23.2= 5.82 months | 75 | 111 |
| 2,000,000 - 3,000,000 | 45 | 19 (3.8/month) | 45/3.8= 11.84 months | 120 | 128 |
| 3,000,000 + 4,000,000 | 12 | 7 (1.4/month) | 12/1.4= 8.57 months | 145 | 173 |
| 4,000,000+ | 23 | 4 (.8/month) | 23/.8= 28.75 months | 396 | 201 |
| ALL DC SF HOMES | 1,759 | 975 (195/month) | 1759/195= 9.02 months | 90 | 125 |
| DISTRICT OF COLUMBIA ABSORPTION RATE | |||||
| CONDOS & COOPS | |||||
| AS OF | |||||
| AVG | AVG | ||||
| PRICE RANGE | TOTAL | TOTAL CLOSED | ABSORPTION | DOMP | DOMP |
| ACTIVES | RATE | SOLD | ACTIVE | ||
| 0 - 149,999 | 83 | 26 (5.2/month) | 83/5.2= 15.96 months | 91 | 123 |
| 150,000 - 199,999 | 206 | 72 (14.4/month) | 206/14.4= 14.31 months | 107 | 151 |
| 200,000 - 299,999 | 351 | 216 (43.2/month) | 351/43.2= 8.13 months | 80 | 116 |
| 300,000 - 399,999 | 313 | 227 (45.4/month) | 313/45.4= 6.89 months | 68 | 90 |
| 400,000 - 499,999 | 228 | 148 (29.6/month) | 228/29.6= 7.73 months | 97 | 86 |
| 500,000 - 599,999 | 128 | 98 (19.6/month) | 128/19.6= 6.53 months | 91 | 78 |
| 600,000 - 699,999 | 72 | 52 (10.4/month) | 72/10.4= 6.92 months | 92 | 71 |
| 700,000 - 799,999 | 54 | 27 (5.4/month) | 54/5.4= 10 months | 81 | 99 |
| 800,000 - 899,999 | 29 | 12 (2.4/month) | 29/2.4= 12.08 months | 104 | 89 |
| 900,000 - 999,999 | 22 | 5 (1/month) | 22/1= 22 months | 129 | 80 |
| 1,000,000 - 2,000,000 | 50 | 18 (3.6/month) | 50/3.6= 13.89 months | 87 | 119 |
| 2,000,000 - 3,000,000 | 11 | 2 (.4/month) | 11/.4= 27.5 months | 83 | 210 |
| 3,000,000 + 4,000,000 | 2 | 0 | cannot compute yet | n/a | 54 |
| 4,000,000+ | 2 | 0 | cannot compute yet | n/a | 233 |
| ALL DC C & Cs | 1,551 | 903 (180.6/month) | 1551/180.6= 8.59 months | 85 | 105 |
| NOTE: an absorption rate of 6 months is considered "balanced." | |||||
| Source: MRIS. |
There is a new real estate website in town, and it just launched this week. In an attempt to navigate the highly localized real estate markets of the individual D.C. neighborhoods, Urban Turf dives in, one area at a time. It gives the readers the information they are looking for with the feel of actually hanging out in the neighborhood for a day and talking to the local residents first-hand. They are still working out the kinks, but here is a good article on the Shaw neighborhood, featuring quotes from yours truly:
http://www.urbanturf.com/neighborhoods/shaw_howard_u_2008/
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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