Take a look at this video interview with Brandon Green Companies agent Troy Patterson about the changes he’s seen in Columbia Heights since he first moved to the neighborhood in 1998.
One of the amazing things about Washington D.C. is the chance to live in a luxurious home within a bubbling urban setting. Enter 2030 13th Street Northwest, a three bedroom, four bathroom townhouse/condo that is currently on the market for $779,000. Located only a 1/2 a block from the U Street Metro station, 2030 13th Street is completely updated—inside and out.Some features include:
Check out some of these photos of the beautiful home and imagine living in the ever-exciting U Street Corridor.
Interest piqued?
See more photos and get more info on 2030 13th Street here.
Last week we wrote about Supreme Court Justice Sonia Sotomayor moving to the U Street Corridor.
What does this news mean for the neighborhood, though, and for the future of the community as a whole?
Check out this video interview with Brandon Green Companies’ Troy Patterson, who gives his expert opinion on how the celebrity move will affect things in and around U Street going forward.
Remember, if you’re interested in potentially buying a U Street condominium or home, check out current U Street neighborhood listings online at Washington D.C. Home Sales.
Here’s an interesting read from UrbanTurf regarding the fact that foreclosure sales in the D.C. area are down big time in 2012.
“While distressed sales are down, comprising 27.3 percent of all sales in the area for the first half of 2012, compared to 36.6 percent over the same period last year, foreclosure sales are way down, accounting for 13.6 percent of sales during that period versus 23.7 percent last year,” The article reads. ”Short sales, on the other hand, are up slightly, to 13.7 percent from 12.9 percent.”
Read the full report on UrbanTurf.
We’ve seen this trend for several months in the District – home renovators are desperate for inventory particularly in the hot 20011, 20010, 20001 zip codes.
Well this is some fun, interesting news: Supreme Court Justice Sonia Sotomayor has reportedly bought a home in the U Street Corridor.
According to the report published in the Washington Business Journal, Sotomayor “paid $660,000 June 19 for a two-bedroom condominium in the neighborhood, according to D.C. property tax records. Sotomayor paid about $136,000 more than the unit’s current property tax assessment.”
WBJ also wrote that Sotomayor had been living in a rental in Cleveland Park.
So welcome to the neighborhood, Justice Sotomayor! Here’s hoping we see her at Ben’s in the very near future.
If you’re interested in potentially buying a U Street condominium or home like the Justice herself, check out our current U Street neighborhoods listings here.
You may have seen RealEstate Business Intelligence, the research division of the listings services MRIS, announced the median home price in the District is now at $455,000 – surpassing the peak of $438,500 hit in 2006. And yet, you might be wondering, why isn’t MY home value up enough for me to finally sell and move on? Let’s take a look at three things to remember about real estate:
1. Real Estate valuation is hyper local. Statistics may tell you generally what’s happening in the market, but they don’t necessarily tell you anything about your value. Market value is driven by several difficult to measure dynamics like neighborhood momentum, building reputation, crime perception, and cultural shifts – to name a few. If you want to know what’s happening to your home value – you need to connect with a local Realtor who can interpret how the broader market statistics align with your home.
2. The median is the number in the middle of all market brackets, and doesn’t necessarily reflect an increase in value in your market bracket. For example many higher end brackets have not seen much upward movement in pricing (above $1.2 million in DC) though many 1st time home buyer brackets certainly have. This may in part explain why the median is up. Which bracket your home is in makes a huge difference as to whether or not you see a bump when the median goes up.
3. Market trajectory changes quickly – your value may indeed be up and you just don’t know it! When you look at historic market cycles the shift in momentum from up to down and down to up occurs abruptly and frequently catches people by surprise. You will need a local Realtor to advise you about your current value.
In summary use statistics as a general guide to market conditions and momentum, though when it comes to your home call in a Realtor to help interpret the statistics to your particular situation. If you’d like more specific information about your home, contact Amber Cummer at 202-318-1623 ext 7006, amber@brandongreen.com and she can set up an appointment.
Here are a few cool news tidbits from around the area:
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