Real Estate Blog

DC Real Estate Summit 2012:  Infill Comes Out on Top

Over 250 gathered last week to discuss the real estate market in D.C. and the dominating trend was for urban infill.  Gil Neuman, Greysteel managing director says investor interest in metro-area retail has shifted from the powerful demographics of the 'burbs to the urban infill opportunities of the District.  This trend has been seen nationwide with incentives for developers to reuse land land and buildings.

   

Mixed use Residences at CityCenter in DC expected to be completed end of 2013, which will include 216 condominium homes. “In many areas, we are seeing more interest in urban infill locations than in remote exurbs, which is having a pronounced shift in neighborhood design elements,” said

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The GMU Center for Regional Analysis released an update December 10th about the state of the region for housing in DC. 

All types of housing has seen the greatest increase in value in three years, with townhomes increasing 31.4% compared to November 2011.  The second greatest increase was average sales price for Condos increasing 22%, followed by single family homes at a growth of 16.2%.  

Median home prices continue to climb reaching $347,000 in November 2012.  We expect this trend to continue as the available homes on the market is decreasing with only 7,830 listings last month.  The GMU Center for Regional Analysis also showed trends in decreasing unemployment and an increasing GRP which inevitably are contributing to this rise in housing

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Aston on 14thIf you're looking for modern design and walls of windows in Logan Circle, look no further than the Aston on 14th. This new construction seven-story building is located at 1634 14th Street NW between Q & R Streets. There are 31 homes here and they are configured as one-bedroom, one-bedroom + den and two-bedroom floorplans. Each home will feature a full-size stackable washer and dryer, stainless appliances, marble countertops, white oak hardwood flooring and more. Some homes have balconies too. Take a look at the available inventory and contact us to go tour the new Aston on 14th!

Floorplans at Aston on 14th

Floorplan

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10317 cherry tree silver spring md street view   10317 Cherry Tree Lane, Silver Spring, MD 20901     Closed at $520,000   The Abbott Klar Real Estate Group is happy to announce they sold this fabulous custom built rambler in Silver Spring. The living room has a beautiful fireplace perfect for cold nights. Beautiful hardwood floors flow throughout. The kitchen has been completely remodeled and features stainless steel appliances and granite counters. The home is close to shops, restaurants, Metro and DC. Congratulations to our buyers, we wish you many years of happiness here!   10317 cherry tree silver spring md living room   10317 cherry tree silver spring md dining room   10317 cherry tree silver spring md kitchen   10317 cherry tree silver spring md 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 neighborhoods of the Washington, DC…
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3601 connecticut ave nw washington dc ext     3601 Connecticut Ave NW #515, Washington, DC 20008     Closed for: $434,500     Abbott Klar Real Estate Group is happy to announce they sold a unit in this amazing co-op building with great views of the city, including the National Cathedral. A large 1 bedroom unit with a den has a beautiful renovated kitchen with stainless steel appliances and bountiful cabinet space. New windows let in tons of natural light that reflect off the gleaming hardwood floors. The spa-like bathroom is perfect for relaxing after a long day. This full service building is close to Metro and a short hop to downtown DC. We know our buyers will love it here!!     3601 Connecticut ave nw washington dc living room     3601 connecticut ave nw washington dc     3601 connecticut ave nw washington dc sitting room     3601 connecticut ave nw washington dc bedroom     Thanks for reading our blog! We at Abbott Klar Real…
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7328 piney branch takoma park md street view   7328 Piney Branch Road, Takoma Park, MD 20912     Closed at $555,000   The Abbott Klar Real Estate Group is happy to announce they brought buyers to this awesome craftsman bungalow in Takoma Park. The 3 bedroom, 2 bath beauty has high ceilings and spacious rooms. The vintage feel really comes through with the heart of pine floors and handsome woodwork. The kitchen has the original glass fronted cabinet and pantry and the living room has a cozy wood fireplace. The dining room exudes elegance with it's beautiful bay window. The huge master suite is flooded with light through skylights. This amazing bugalow even has a backyard that feels like a park. This is an incredible home and we are so happy for our buyers! Congratulations!   7328 piney branch takoma park md living room   7328 piney branch takoma park md kitchen   7328 piney branch takoma park mc dining room
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2402 10th st ne washington dc street view    2402 10th Street NE, Washington, DC 20018    Closed at $399,900   The Abbott Klar Real Estate Group is happy to announce they sold this beautiful, recently renovated 3 bedroom, 2.5 bath corner rowhouse. The open floor plan is flooded with natural light. Chic gourmet kitchen with stainless steel appliances and granite counter tops. The living room has a cozy fireplace for cool nights. Only 2 blocks to the Rhode Island Ave Metro, a commuter's dream! Congratulations to our buyers!   2402 10th st ne washington dc living room   2402 10th st ne washington dc kitchen   2402 10th st ne washington dc dining room   2402 10th st ne washington dc bedroom   2402 10th st ne washington dc rec room   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 neighborhoods of the Washington, DC metro area. If you’re buying, we’ll help you…
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