August 2019 Newsletter

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The final stretch of summer is here! Whether you're headed out of town for a quick getaway or enjoying this month's many great events right here at home, we wish you plenty of sun and fun.
 

Your market snapshot

The number of units sold has decreased by 1.4% year-to-date in DC, 4.8% in Northern Virginia, 3.1% in Montgomery County, 1.1% in Anne Arundel County, and 2.2% in Prince George's County. (1/1/18-7/30/18 vs 1/1/19-7/30/19) 

 

Across the DMV, the time homes were on the market before being sold, on average, increased year-to-date — from 31 to 39 days in DC, 31 to 32 days in Northern Virginia, 41 to 51 days in Montgomery County, 50 to 59 days Anne Arundel County, and 39 to 54 days in Prince George's County. 

(1/1/18-7/30/18 vs 1/1/19-7/30/19) 

 

At the same time, the median price of sold homes increased by 1.7% in DC, 2.6% in Northern Virginia, 5.0% in Montgomery County, 8.7% in Anne Arundel County, and 3.3% Prince George's County compared to the prior year. (June 2018 vs June 2019) 

 

Market Update: Across the board, the amount of homes sold throughout the DMV has decreased, while the prices at which they sold were high compared to the prior year. In summary, the demand for homes isn’t as great as it was a year ago, so there is more room for negotiation on the buyer side.

Are you giving your home the advantage it deserves?

With Compass Coming Soon, a curated audience of potential buyers are able to take an early look at your property. Not only does this give you and your agent ample time to fully prepare your listing, but also generates buzz before you even start accepting offers. Ask your Compass agent for more details!

 

Local Happenings

 
Things to do in August

From captivating performances, to enthralling exhibits and exciting events, discover Washingtonian's lineup of the experiences you should make time for this month.

 

Levels Unlocked Pub

This summer, Drink Company presents the e-sports bar you never knew you needed. Open each day of the week, Levels Unlocked will feature e-sports decor and programming throughout its run, as well as a beverage menu that nods to a range of video game favorites, including Overwatch, NBA 2K and the Pokémon and Super Smash Bros. franchises. Learn more here.

 
Featured Listings
5400 Cathedral Ave NW Palisades 7 Bed | 6.5 Bath | 8,115 Sf

$3,295,000

2139 N St NW #4 Dupont Circle 3 Bed | 2.5 Bath | 1,850 Sf

$1,749,900

1342 W St NW U Street Corridor 3 Bed | 3.5 Bath | 2,050 Sf $1,399,900
1202 T St NW #1 Logan Circle 2 Bed | 2.5 Bath | 1,600 Sf

$1,029,000

21 Ericsson Rd Cabin John Gardens 4 Bed | 2.5 Bath | 2,466 Sf

$895,000

1507 3rd St NW Shaw 2 Bed | 2 Bath | 2,200 Sf

$749,900

1963 Biltmore St NW #3

Adams Morgan

2 Bed | 2 Bath | 900 Sf

$699,900

1963 Biltmore St NW #2 Adams Morgan 2 Bed | 2 Bath | 925 Sf

$699,900

1963 Biltmore St NW #1 Adams Morgan 2 Bed | 2 Bath | 1,025 Sf

$599,900

 

Looking to stay on top of the market? With Compass Collections, I can curate a targeted selection of the properties that have sold in your neighborhood as well as the homes currently on the market in your desired zip code. Interested in learning more? Contact me today to receive a Compass Collection made just for you.

 
 
 
Andrew Riguzzi Senior Vice President
202.595.5757

 

[email protected]

© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. DC office: 202.386.6330. Maryland office: 301.298.1001.




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