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October 2012

Found 3 blog entries for October 2012.

1429 MORSE ST NE, WASHINGTON, DC 20002

List Price: $299,900

Good property in Trinidad to buy and hold.  This area of Trinidad is prime for increased appreciation in the years to come.  Buy now and hold on it for 3-5 years. 

 

1932 2ND ST NE, WASHINGTON, DC 20002

List Price: $240,000

Needs work but this is a low price in Eckington.  Lots of other development going on in this year.  Short walk to New York Ave or Rhode Island metro stations.

 

5329 ILLINOIS AVE NW, WASHINGTON, DC 20011

List Price: $349,000

Very rare to find a single family home for under $400K in this prime of a location.  This is a 3300 square foot semi-detached home just north of the Petworth metro station.  Parking for 3+ cars in rear. 

 

1838 KENYON ST NW,

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Washington DC Real Estate Market Stats for September 2012

The Washington DC real estate market stats are out from the MLS.  The median sold price in Washington DC for September 2012 was $417,500 which is down from $439,000 in August 2012.  While the median sold price is down 4.9% from August it is up 9.9% from September 2011.  The highest median sold price in the last two years in the Washington DC market was in June 2012 when it topped out at $460,000.  The fall in the median sale price can most likely be attributed to seasonal averages(Market is usually hotter in June/July) and the lack of inventory in the district.  The number of active listings in September in Washington DC was 1,485.  The five year average for active listings in the district is

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2012 OTIS ST NE, WASHINGTON, DC 20018

List Price: $319,000

This is a short sale in the Michigan Park neighborhood of NE DC.  $319K is a reasonable price to pay for a single family over there.  Homes in this area have sold for as much as $500K.  Area has a ton of up side. 

4922 7TH ST NW, WASHINGTON, DC 20011

List Price: $280,000

This is another short sale opportunity in Petworth.  This home has been on and off the market a few times.  Homes just like it are selling for $499K fixed up.  If you keep the costs down this is a good investment.  Will have to wait for the short sale approval. 

324 DOUGLAS ST NE, WASHINGTON, DC 20002

List Price: $280,000

Affordable option close to the Rhode Island Metro station.  Good buy and hold property while

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