March 2014 Newsletter
Posted by John Crisafulli on
It’s a very good time to own a home in the nation’s capital! Homeowners are enjoying their fourth straight year of rising values. Sales continue at a brisk pace with demand outweighing supply. The government sequester never seemed to put much of a dent in demand. Potential buyers eager to take advantage of low interest rates and an appreciating real estate market are facing stiff competition.Â
Most listings are seeing multiple offers. More often than not, the winning offer is above the seller’s asking price with very few, if any, contingencies. It’s commonplace in DC for purchasers to accept the property “as-is,” and many buyers are choosing to waive any financing or appraisal contingencies to sway the seller in their direction. Some neighborhoods…
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The National Cathedral is in a prime real estate location. It serves as an epicenter of four high-demand neighborhoods: Cathedral Heights, Cleveland Park, Woodley Park, and Glover Park. There are scores of stately single-family detached and row homes near National Cathedral. Located at 3101 Wisconsin Avenue NW, where it intersects with Massachusetts Avenue NW, the National Cathedral is one of the most beautiful and iconic buildings in Washington, DC. It is the second-largest cathedral in the United States and the fourth-tallest structure in the District. Several schools are located within the area, including the National Cathedral School, St. Alban’s School, Sidwell Friends, Annunciation Catholic School, Eaton Elementary School, Washington International…
when I was a kid. The school has also recently played host to the Obamas when US First Lady Michelle Obama visited the school as part of her Let's Move Campaign to fight childhood obesity. Tubman's soccer field is also a frequent site for pickup soccer games when the field is not being used for organized sports. The games are quick: first to score or ten minutes max.  Organized sports leagues like District Sports and DC Bocce League also make use of the space.
Anchored by the Washington DC Convention Center, Mount Vernon is a neighborhood in transition. As the area continues to evolve many existing row houses are being converted to condos while prices in existing projects continues to rise. The sprawling row house at 428 M Street NW is currently being converted to four luxury condos with development expected in "Fall of 2012."
