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…

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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…

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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.

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…

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The sales plans are underway for for Washington DC’s new City Center Residences in Penn Quarter.  The prices will range from $500,000 to $3M.   

City Center Residences

 The new City Center Residences are designed with environmentally responsible materials.   The master plan has even been pre-certified to achieve LEED Neighborhood Development, the first certification of its kind in the United States. 

The homes have layouts to capture the optimal amount of natural light.  Amenities will include concierge, 24-hour security, parking, key FOB access, storage, fitness center, yoga studio, two roof parks, outdoor kitchens, outdoor dining room, outdoor fire pit, lounge, wine storage, bar lounge, dining room, catering kitchen, executive board room, guest suite, spa treatment…

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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!           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!!                     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!…

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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!             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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