FEBRUARY '22 EDITION
We've gathered the latest real estate data & insights, DC neighborhood and community news. There's No Place Like Home <<First Name>>!
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WINTER IS COLD BUT REAL ESTATE IS HOT!
January proved particularly lean in the inventory department, but that has picked up slightly in February as more homes hit the market. It's a GREAT time to sell; even with mortgage rates up to ~4%, buyers are motivated to make offers, creating a competitive (but not insurmountable!) buyer's market. Our Buyer Agents are actively winning homes for our clients, relying on their strong networks and negotiating skills to win over other offers.
Reflecting on the 2021 housing market, Capitol Hill was among the neighborhoods with the highest volume of homes selling at a premium; Kingman Park had more than 50% of homes sell for above asking price.
*** If 2022 is the year you might...list your home, make a move-up / right-size your living space, or purchase an investment property...
now is the time to set up a consultation with our experts - JOEL, ALAN, PAUL and ANTHONY. Start laying plans now and enter the market better equipped for success.
Contact us to set up a personalized consultation -
we can't wait to share our REAL KNOW-HOW with you!
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DC DEVELOPMENT UPDATE
1. Fannie Mae HQ Redevelopment, City Ridge DC
Plans for the Fannie Mae Campus site are more formalized and available to view at the City Ridge DC website. This 1.2M SF project will include four residences, DC's very first Wegmans, and in their words,
"Situated on bustling Wisconsin Avenue and featuring extensive green spaces, coworking opportunities, eclectic dining options, and curated entertainment and community programming."
2. McMillan Sand Filtration Site
Drawings and plans for two parcels at this controversial development site at North Capitol and Michigan Avenue have been submitted to HPRB (Historic Preservation Review Board). UrbanTurf provides a comprehensive look here.
Read More - Fannie Mae
Read More - McMillan |
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DC'S AFRICAN AMERICAN HERITAGE TRAILS - CELEBRATE BLACK HISTORY MONTH ANYTIME!
This February we have seen some wonderful Black History Month celebrations and events, but here's one you can do any time of year.
Explore DC neighborhoods as you track down the more than 200 sites identified and documented by the African American Heritage Trail Advisory Committee. Cultural Tourism DC offers a booklet (available at Union Station or online) organized into 15 neighborhood walking tours, and covering 98 sites in more detail. For example, Northeast includes Capitol Hill, Brookland, Deanwood and Mayfair.
Learn More
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THE DISTRICTS BURIED STREAMS, &
A HEALTH OF THE RIVER UPDATE
1. The District's Buried Streams
At the confluence of the Potomac and Anacostia Rivers, the District was home to a network of streams and tributaries that were drained or relocated to build DC as we know it today. A recent CHRS project mapped these hidden waterways, and are proposing ways city planners can resurface some of them. Pictured above, cattle grazing along Tiber Creek (now present-day Constitution Avenue) with the White House in the background, circa 1860s.
Read More or Listen to the Presentation
2. Health of the River Update
HillRag recently caught up with Tommy Wells, Director of DOEE and Board Chair of DC Water, to discuss the current health of the Anacostia River. For example, "a number of the fish species that spend their entire lives in the Anacostia are showing more improvement in numbers and overall health." The article also discusses what residents and home owners can do to contribute to its continued recovery.
Learn More
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FEATURED LISTING -
ONE BEDROOM CONDO WITH HUGE PATIO!
Spring is coming...imagine 380 SF of bonus PRIVATE patio to extend your 1-bedroom condo living space in the heart of Penn Quarter! Walk to DC's renowned restaurants, Caps & Wizards games, the Portrait Gallery, and the National Mall; enjoy a sleek kitchen designed by DC chef-restaurateur Casey Patten.
777 7th St NW #717
1-BD, 1-BA, Pet-Friendly
Joel leads our Listing Team to showcase homes in the best possible light so they sell for more for our clients, whether it's a multi-million dollar listing, a cozy row home, a fixer-upper or a condo!
Thinking about listing your home, or a move across town? Reach out to JOEL.
Want to stay in the loop on our Coming listings? FOLLOW US on social media!
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