This time last year, the local housing market was on fire with bidding wars and all-time record prices. Now things feel a bit more normal, but local stats suggest we’re far from a slowdown. Check out how long it takes to sell a home -- 2019 was 14 days, 2020 was 7 days, and 2021 is 10 days. What’s this mean to you? Let’s chat!
UrbanTurf took a look at the DC neighborhoods that experienced the greatest price increases this year. Topping the list was Observatory Circle (44% increase), Georgetown (35%), Congress Heights (30%), and LeDroit Park (22%). Check out which other neighborhoods made the list!
By: Tanisha A. Sykes
If you’re considering making improvements, be sure to know what gets you the most bang for your buck. Kitchens and baths are always a good start and don’t forget to add some curb appeal.
High housing prices in the DC suburbs are forcing residents to rent rather than own their homes. Between 2010 and 2019, suburban Washington communities saw the highest owner-to-renter turnover in the nation. Other factors contributing to this trend could be the availability of rental units in developing neighborhoods, an expensive rental market in urban DC, and a flood of residents seeking more space during the COVID pandemic.
WMATA has environmentally-friendly plans for the historic bus barn at 14th and Buchanan Streets NW. Not only will the barn be redeveloped to include 27,500 sq ft of commercial space, but it will also only house electric buses. This is good news for neighborhood residents who had expressed concern over the pollution a local bus hub would generate.
