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DC home prices hit a record high this year with a median sales price of $460,000 in the city. That’s the highest median sales price ever in the District of Columbia and a 13.6% increase from last year according to RealEstate Business Intelligence.

Home prices in Northern Virginia experienced an even steeper increase between March 2012 and March 2013. Alexandria City prices rose 24.4% to a median of $487,500, and home prices in Falls Church City were up 37.7% to $631,000. Only one jurisdiction in the report experienced a decrease in median sales price; Fairfax City median prices decreased by 11.5%.

You might think that DC home prices are scaring buyers away, but it’s just the opposite! The rates of home sales are the highest we’ve seen in eight years…

A Columbia Heights property auction will take place next week on Wednesday, February 27 at 1 PM. That’s just one hour after the auction in the Trinidad neighborhood. So if you don’t win the first one, you can head to the next one!

The Columbia Heights property auction is for a three-level 1,116-square-foot townhouse at 758 Fairmont Street, NW between Sherman and Georgia Avenues.  You may recall that that the Sherman Avenue Streetscape project recently upgraded the neighborhood -- adding a median with trees, sidewalks, and more.  The location is also walking distance to the Metro and Howard University.  In addition, the property is just blocks from the shops and restaurants on 11th Street, which the New York Times calls the new “hip strip” in…

A real estate auction in Trinidad will take place next week on Wednesday, February 27 at noon. If you’ve been priced out of the market, want to design your own new home, or are a real estate investor, this might be the opportunity for you.

The real estate auction in Trinidad is for an end unit townhouse, so you’ll have three sides with windows, instead of just two.  The property is located at 1408 Morse Street NE and bids start at $250,000.

The majority of the home is brick with siding on the back third.  It is a three level colonial townhouse built in 1924 with a covered porch in the front and an attached garage with private driveway in the back.  The property is being sold “as-is,” which is a state of disrepair at the moment with missing windows, a…

Cathedral Commons is coming to Cleveland Park in Fall 2014!  What the heck is that?  It’s a mixed-use development including 137 apartments, 8 townhouses, retail, and parking.  The project will occupy 2 blocks of Wisconsin Avenue (between Macomb and Idaho) in view of the National Cathedral.

The cornerstone of Cathedral Commons will be a new 56,000 sq. ft. Giant grocery store, replacing the outdated 18,500 sq. ft store built in the 1950s.  The new supermarket will include full-service floral, bakery, meat, seafood, and deli departments.  In addition, the store will expand it’s offerings of fresh produce, as well as natural, organic, gluten-free, and international products.

This has been a contentious project from the start.  Some local residents are…