That’s right--the year 2020 is here! Although we’re not all riding around on hoverboards, these are still very exciting times! In a real estate market as hot as the DMV, there are still plenty of great purchase opportunities. Based on recent trends, new development plans throughout the area, and 40+ years of combined experience selling homes in the DMV, here is our 2020 vision of neighborhoods to keep an eye on over the next 12 months!
Situated in northern Alexandria between Del Ray, Potomac Yard, and Arlandria, Warwick Village should be high up on your list. Originally conceived as rental community of over 600 townhomes, this neighborhood was developed to help house the DC area population boom of the 1940s and eventually sold
Starting January 2020, the maximum loan limit will be $1,500,000 across the country (no longer State or County specific). *Borrowers with partial VA Eligibility will want to review the amount they can purchase with no money down with a licensed lender*
What does this mean? The Funding Fee amounts for VA Purchase and Refinance transactions will increase for loans closing on or after January 1, 2020. The table below outlines these changes:
This is a great opportunity for our Veterans to purchase with no money down without county to county loan amount caps!
Virginia, Maryland, and Washington DC have considerably high veteran populations, both in terms of percentage and sheer number. That said, condominium boards and HOAs are wise to seek
Arlington VA is a richly diverse streetcar suburb that deserves the attention of anyone looking to buy a home. Not only will it host half of Amazon’s incoming east coast headquarters—which will require some 25,000 employees—but its countless offerings and great proximity to DC make it an incredibly attractive place to live. Filling out the space between the Potomac River and the deadly straight, 45-degree line, which was once the District’s southwest border, are an eclectic mix of exciting and characterful neighborhoods. Potential homebuyers should take special note of Courthouse, Clarendon, Ballston-Virginia Square, Rosslyn, Crystal City, and National Landing.
Courthouse (aka Court House)
Is this neighborhood named after the courthouse that
Let’s say you want to live in the DC Metro Area, but not right in the district, and you want to live somewhere super classy with reasonable cost of living. You’ll want to consider moving to Alexandria VA for sure. As the southernmost destination of the Metro, Alexandria seems to be the perfect distance from the big city—close enough to keep you in the loop and plenty far for escaping the constant hustle.
Two brand new developments have cropped up to support the relaxing lifestyle that those moving to Alexandria are after: Cameron Park and Robinson Landing. Both combine townhomes and condos and feature green and waterfront landscapes respectively. Alexandria VA is a proper city with a small-town vibe, yet it has the scope to support
It is easy to forget that the District of Columbia has a waterfront--except for those that truly enjoy it. Of course, when we hear ‘waterfront living,’ many of us would jump to waves crashing onto sandy coastlines, but the Potomac and Anacostia are no mere creeks propelling old mills. They are mighty rivers, named by the indigenous peoples who once called the area home, into which city-dwellers may escape the urban hustle by means of a single glance. Now imagine for a moment that you started every day with such a glance--from your riverside balcony, with your hot beverage of choice in hand. Sounds pretty fantastic, doesn’t it?
As anyone who has ever thought about real estate would imagine, property on DC’s waterfront comes at a
Elysium Logan is an awe-striking luxury condominium ideally situated in DC’s Logan Circle neighborhood. This eight-story building houses 32 diverse and gorgeously appointed dwellings. Among them are generously sized one-, two-, and three-bedroom units. Penthouse units also include a balcony and a substantial den as well as 2 bathrooms and 1 to 2 half-baths.
If you’ve been around DC a while you’ll know this, but if you’re on your way in, you’ll soon find out: Logan Circle is a stellar place to be. Not only does it maintain a knockout combination of dining, shopping and nightlife, and peaceful residential streets, but it also enjoys being wedged between Dupont Circle and two of the District’s most vibrant neighborhoods: U Street
As Capitol Riverfront (aka Navy Yard) has been sprucing itself up and turning heads for several years now, the timing couldn’t be better for the delivery of the gorgeous luxury condominium called Avidian. Conceived for people who want to live life avidly, this 171-unit building is sought after, not only for its myriad amenities but its stellar location. Located at 1210 Van Street SE, Avidian is perfectly situated within easy walking distance of Yards Park, a plethora of retail and dining options along M Street SW, Nationals Ballpark and Half Street Fairgrounds, and The Wharf: DC’s biggest and most promising mixed-use development in recent memory.
Construction began in June of 2017. Completion is expected a little later
1. They have loads of expertise Want to check the MLS for a 4B/2B with an EIK and a W/D? Real estate has its own language, full of acronyms and semi-arcane jargon, and your Realtor is trained to speak that language fluently. Plus, buying or selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. Realtors have the expertise to help you prepare a killer deal— while avoiding delays or costly mistakes that can seriously mess you up.
2. They have turbocharged searching power The Internet is awesome. You can find almost anything—anything! And with online real estate listing sites such as yours truly, you can find up-to-date home listings on your own, any time you want. But guess what? Realtors have access to even
The Perla is a one of the newest mixed-use buildings planned for the Shaw neighborhood located at 810 O St NW. Previously the site of a prominent church, the cathedral was eventually torn down after approval from the Historic Preservation Review Board. Sales for the Perla are expected to start in early 2019 with construction completion in late 2019.
The nine-story building will hold 66 condos, underground parking, and thousands of square feet for retail space located at the ground level. Located at the corner of 9th and O Streets NW, residents are blocks away from shops, restaurants, Blagden Alley, parks and much more - earning the location a walk score of 97.
Perla Floor Plans
The Perla offers buyers 1-bedroom and 2-bedroom layouts, with or
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330