March 2013

Found 6 blog entries for March 2013.

440 12th st ne washington dc street view     440 12th Street NE #112, Washington, DC 20002        Closed at $457,500    Abbott Klar Real Estate Group is happy to announce they sold this stunning Capitol Hill condo in a beautiful historic building. This 1 bedroom, 2 full bath with loft space condo features gorgeous hardwood floors. Large windows allow natural light to stream in through this open floorplan. In the middle of everything, you can walk easily to Union Station or Eastern Market and relaxing Lincoln Park is only 3 blocks away. Congratulations to our buyers, we know you'll love it here!   440 12th st ne washington dc living room   440 12th st ne washington dc kitchen   440 12th st ne washington dc dining room   440 12th st ne washington dc bedroom   Thanks for reading our blog! We at Abbott Klar Real Estate Group are an experienced, full-service real estate team that specializes in the diverse…
348 Views, 0 Comments

Alley house on Capitol Hill.
Check out our newest listing on Capitol Hill.  512 F Street Terrace.

DC Alley house yard

We love DC! Where else can you find an absolutely adorable Federal house in an alley? 

DC has a limited number of alley dwellings that are still used as residential homes, combining all the best of city living while still retaining an element of privacy.   This unique Capitol Hill home is right next to Eastern Market and all that makes Capitol Hill one of the best neighborhoods to live in. This alley house is ready to move in with modern systems, hardwood floors, renovated kitchen and private rear patio.    




Green Living: is all about not wasting resources.  So get rid of your extra stuff, sell that car, sign up for bikeshare and carshare and live the

1,580 Views, 0 Comments

The Spring Market is here!  The DC real estate market got a very early start this year due to historically low interest rates and very low inventory.   According to RBI  :

  1. The median Sales price for Washington DC is up by 8.5% over last year.
  2. The inventory of homes for sale down by 38% year of year.


Buyers report that:

  1. "There is nothing on the market". Well, not really nothing, but the inventory is very, very low.  In fact we are at about two-thirds the inventory of houses as compared to last year.
  2. "The competition is fierce". With inventory being low, there are lots of buyers out there all competing for the same house. 

Real Estate Agents report that:
"Only two types of houses are selling right now."

1)  Complete shells, in other

722 Views, 0 Comments

Parking Wars:  Cost of parking in DC

The War on Cars that Lon Anderson –Spokesman for AAA Mid-Atlantic- has articulated seems to be getting lots of attention recently with claims that the priority for DC government is to create a more bike friendly and walkable city at the expense of car ownership.  We are all for a more walkable and biker friendly city, but the city might consider a more ballanced approach that includes cars. Here are  some of the recent developments on the political sphere and also an attempt to decipher the cost of a parking spot:

On of the proposals DC is considering is reducing the required number of parking spots a developer is required to build in a new development if it is located within a certain distance to a metro.  The goal

1,540 Views, 0 Comments

City Center just annouced that the 1st building is 51% sold out.  The sales office just had their Broker Preview last night, and with the sales office barely been open for a month, they are on schedule for a record fast sell out.  The response from buyers and agents has been extremely positive.

This is what DC is has been waiting for, Real-luxury-condos and green living as a bonus. In total there will be 216 residential condos (or as the developer likes to call them "private homes") in City Center, each with the possibility of outdoor living access.  This level of design is inspiring.

This is what the future of downtown living looks like, High-end, one-level-living, with outdoor space in the heart of the city. 

City Center is going to sell out fast

1,173 Views, 0 Comments

The Case Shiller index for year over year house prices are up nationally by 7.3%. 

For DC the increase in median sales price over the last year is 12.3%. In some neighborhoods the increase is even greater.

According to RBI the inventory of homes for sale in the DC area in January was at the lowest since 2005.  From interviews with many real estate agents in DC, it is clear that the buyers are back in full force. Attendance at open houses is way up, and multiple offer situations are becoming common.

January New Listings VS New Contracts

Low inventory, Increasing numbers of buyers wanting to buy in DC and record low mortgage rates are contributing to a rising real estate market in DC.  The best (and not so best) houses are being bid up with escalation clauses, cash offers, and as-is

779 Views, 0 Comments