About the Washington DC and Maryland Real Estate Market District of Columbia - Sixteenth Street Heights - Zip: 20011 Location Boundaries: Allison St. on south, Military Road on north, Rock Creek Park & 16th St. on west, Georgia Ave. on east. Characteristics: Area of spacious older homes on large lots and larger brick row houses. Some condos coming in. Market Report:
* Buyer's or Seller's Market: Strong Seller's Market
* Recent Price Trend: Up Significantly Area of large older homes, most built since the 1920s. Lots of renovation in progress, with strong price advances for renovated homes. Sweat equity is still a possiblity here. Numerically, most listings are brick row houses. The single family homes are wonderful. As of 6/15/05:
20 Active listings, average $727,490
4 Under Contract, average $599,750
39 Sold This Year, average $572,775
District of Columbia - Brightwood - Zip: 20012 Location Boundaries: Rock Creek Park, Alaska Ave, Georgia Ave., Military Road Characteristics: Quiet and convenient area of moderate priced, mostly brick detached homes of medium size. Market Report:
* Buyer's or Seller's Market: Strong Seller's Market
* Recent Price Trend: Up Nice area. One of the few areas of affordable detached homes in Northwest Washington. Very convenient for commuters. As of 6/15/05:
19 Active, average price $536,078
2 Under Contract, average price $415,450
59 Sold since 1/1/05, average $406,395 District of Columbia - Colonial Village - Zip: 20012 Boundaries: Upper 16th St., Maryland Border, Rock Creek Park, Holly Street. Characteristics: A neighborhood of stately older homes on large lots near Metro, commuter rail, and Beltway. Market Report:
* Buyer's or Seller's Market: Strong Buyer's Market
* Recent Price Trend: Up Significantly As the DC market continues in unprecedented strength, the demand for prestige homes means $1 million pushes the price envelope on desireable neighborhoods. The beauty and convenience of Colonial Village went under-noticed for years, but that is no more! As of 6/15/05:
3 Active listings, average: $973,333
7 Sold since 1/1/05, average $850,343 Coming Soon ... Market Reports for the following areas! Washington DC (overview)
Takoma Park
Columbia Heights
Silver Springs
Baltimore, MD
Capitol Hill
Chevy Chase
Crestwood
Dupont
Georgetown
Petworth
Shepher Park
Adams Morgan
Request our Free Washington DC, Columbia Heights and Takoma Park Relocation Package. It's packed full of useful and important information about the Washington DC, Columbia Heights and Takoma Park, District of Columbia area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Which neighborhoods offer the best values? Need a market conditions data for a Washington, DC or Maryland area not found above? It's our job to help! Ask us any question, request market conditions data, or request our FREE relocation package of information on Washington DC, Columbia Heights and Takoma Park. There's no obligation, and we promise to respond quickly... 
Buying Land and New Construction >Building With Help From Brokers
Did you know that, for no additional cost, you can be represented by a real estate broker in conjunction with purchasing a home from a builder? Homebuilders are accustomed to working with real estate brokers and often their commission is already covered in their marketing and promotion costs.
A broker can provide objectivity and guidance in designing your home and help you select amenities that will lead to a more advantageous resale. He or she can help coordinate the sale of your present home and the closing of the new one.
Many brokers offer guaranteed home sale programs so that when your new home is finished, the real estate company will buy your previous home at a pre-agreed price to prevent you from owning two homes at one time; and can usually arrange the occupancy agreeable to all parties. Take advantage of using your real estate broker in conjunction with building your new home at no additional cost.
|
 |
| Q |
What is the average price for a home in the United States?
|
| A |
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERTS™ 
