Numbers released from our Multiple Listing Service for last month; show a pretty promising start to 2012. While the number of closed sales are down slightly (-1.28%); the average sold price is up 10.24% from January 2011. Along with the prices increases; the average days on the market are also dropping; down 6.1% to 77…
Author Archives: James
Prices Rise; Appraisals struggle
As home prices rise in the Washington DC real estate market; appraisals don’t always catch up as quickly; and can cause a huge snag in the middle of the real estate transaction. Buyers in DC are seeing a much lower inventory of homes for sale; and basic supply-demand economics have prices creeping up. Once that…
Market Detail: Dupont Area
Below are some detailed Market Data for the 20036 zip code in Washington DC: which includes Dupont Circle. To search more areas of Washington DC : Follow This Link
What are Easement Restrictions? How to Ensure Clear Title on a Property
When buying a home you’re bound to encounter some things that you don’t know anything about. They are things that outside of the home buying process you won’t ever run into. And since the average homebuyer only goes through this process a few times in his or her lifetime, it’s understandable that these things would…
Home Prices continue to rise in Washington DC
While the rest of the country struggles with home prices still looking for a bottom; Washington DC is staying strong. DC posted the third-best gain in prices in the last three months, up 2.1 percent. Compared with a year ago, the median price in Washington is up 1.9 percent. The number of da ys a home…
What happened to my cable bill?
The first month my bill jumped $40 – I blamed it on the better-half ordering too many On-Demand or pay per view movies. See like many people; I didn’t actually LOOK at the bill. It was on auto-pay; so I was just “annoyed”. The 2nd month I saw it was up $50. Now I WAS…
DC adds more speed cameras…
So is the goal to make money or get people to slow down? With DC speed cameras raking in so much cash; perhaps the goal has changed. The old speed cameras; could be seen a mile away. People would see them (mounted on poles with the lights) and remember to slow down. Now; DC has…
I don’t want a Buyer’s Agent…
I have had two different home buyer’s tell me this week; when they inquired about a listing I have on the market. These people say they don’t want or need an agent. Why? One person said; they will get a better “deal” working directly with the listing agent. Why do they think that? For those…
Two things not to blog about or Facebook about in business..
People are all different and we all have different opinions. FACT This is a free country and we have the right to free speech. FACT Spouting off opinions in the Social Media world alienates some people. FACT In business; alienating about 50% of potential clients is bad. FACT Religion and Politics. Don’t talk about…
I have multiple offers – What should I do?
Now most home sellers would be thrilled with just one offer, let alone multiple ones at the same time. This is however happening more and more in the DC market, as the inventory of great properties stays at a multi-year low. So what are some things to consider if there are multiple offers? -Look at…
