October 2013 RSS Feed

It’s been a great year for real estate in DC so far. There’s plenty of new residential construction and lots of property sales.

From October 2012 to July 2013, the District issued permits for 3,328 housing units. When the numbers for the entire fiscal year are in, it will likely surpass the 4,091 permits issued in 2012, which was an increase over the 2,459 issued in 2011. These are both significant improvements over the 499 building permits issued in 2009.

Most of the permits are for construction of DC apartments.  AvalonBay Communities, Inc. recently received permits for a 436-unit apartment building at 55 M Street in Northeast. This is an addition to an existing apartment building at 1160 First Street, NE in NoMa called Archstone First and M. The…

Dubbed the “most progressive community” in D.C., new properties at 17 Solar are giving buyers an option for solar-reliant housing that reduces energy consumption.

This eco-friendly housing project is just two blocks east of Capitol Hill and two blocks south of the Atlas District in the Rosedale and Kingman Park area just off the lively H Street corridor area. There are 26 units all powered by rooftop solar panels and all more efficient insulations than in the average home.

Floor plans range from first-floor flats to two-story stacked townhomes above the flats. Two stacked corner townhome models are also available. In fact, most of these 18 units are still available, according to the project’s website.

The 17 Solar Condos and Townhomes project was…

Thursday Hot Property List

1274 Simms Pl NE, Washington, DC 20002
List Price: $289,900
This is a 4 unit multi-family property in Trinidad.  The home was listed today and I expect it to get a lot of interest.  This property is a short sale so it could take some time. 

809 OTIS PL NW #102, WASHINGTON, DC 20010
List Price: $309,900
The prices at the Otis Flats are reasonable for its proximity to the Petworth metro.  Its hard to find anything under $350K that is decent in Columbia Heights these days.  Petworth is booming.  Jump on board! 

242 14TH ST SE, WASHINGTON, DC 20003
List Price: $325,000
The price will go up for this Capitol Hill shell close to the Potomac Ave metro station.  What an opportunity to fix and resell.  Homes that are fixed up are…

DC is planning a 22-mile priority streetcar system throughout the city. Part of that project is a 9-mile north-south streetcar line from Takoma in Northwest to Buzzard Point in Southwest, which will cross the neighborhoods of the Southwest Waterfront, Downtown, Shaw, Columbia Heights, Petworth, and Takoma.

The District Department of Transportation (DDOT) will study the 9-mile line for the next 12 to 14 months to access construction challenges in each neighborhood, including crossing the National Mall. They will also consider how the streetcar system will integrate with the existing Metro bus routes that run parallel to the proposed streetcar line. In addition, the department will engage with the public on parking and traffic concerns.

When the study…