Real Estate Blog - December, 2012

Top 10 Housing trend predictions for D.C. Market in 2013

1)  Increase in Green Building

Following a trend nationwide, we predict D.C. to continue to build homes which follow the latest green standards and renovate current buildings to become more energy efficient.  According to Pike Research, solar cells integrated into rooftops, windows and other building facades is poised to quadruple in value in the next five years.  Innovative practices of design in the past have now become expectations for home buyers.  As Gen X and Gen Y’ers enter the market, they are making careful choices of low waste and energy efficiency.  In PWC and Urban Lands Institute’s Emerging Trends in Real Estate 2013 they state, “Major tenants willingly pay high rents in return for more efficient design layouts and lower operating costs in…

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Infill Projections for DC

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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Housing Outlook for DC Homes

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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New Building: Aston on 14th in Logan Circle

If 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

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