July 2019 Newsletter

 
compass
 
We're officially in the swing of summer and enjoying every second of sunshine! From trendy installations to poolside celebrations, you'll want to fill your calendar with these great events and entertainment. Enjoy!
 
Your market snapshot

 

The number of units sold has decreased by 1.1% year-to-date in DC, 3.9% in Northern Virginia, 3.9% in Montgomery County, 0.2% in Anne Arundel County, and 1.9% in PG County. (1/1/18-6/26/18 vs 1/1/19-6/26/19)
 
Across the DMV, the time homes were on the market before being sold, on average, increased year-to-date — from 31 to 40 days in DC, 32 to 33 days in Northern Virginia, 43 to 53 days in Montgomery County, 53 to 61 days Anne Arundel County, and 41 to 55 days in PG County. 
(1/1/18-6/26/18 vs 1/1/19-6/26/19) 
 
At the same time, the median price of sold homes decreased by 0.3% in DC, while increasing by 0.9% in Northern Virginia, 0.5% in Montgomery County, 2.1% in Anne Arundel County, and 7.7% PG County compared to the prior year. (May 2018 vs May 2019) 
 
Market Update: Across the board, the number of homes sold throughout the DMV has decreased. In short, the demand for homes isn’t quite as great as a year ago, so there is more room for negotiation on the buyer side.

(Data courtesy of BrokerMetrics)
 
Local Happenings
 
Things to do in July
From captivating performances, to enthralling exhibits and exciting events, discover Washingtonian's lineup of the experiences you should make time for this month.
 
DC's essential ice cream shops One of the best things about summer? An endless excuse to indulge in the finest frozen treat around. Check out DC's most iconic ice cream spots here.
 
Sip and swim at these DC pools with bars Need an escape from the DC heat? Crowded public pools aren’t the only option when the sun’s rays become too much to bear. Several hotels across the city offer day passes to their swanky pools, complete with trendy bars for patrons to drink the day away. Dive into the list here.
 
Featured Listings
5400 Cathedral Ave NW Palisades 7 Bed | 6.5 Bath | 8,115 Sf
2139 N St NW #4 Dupont Circle 3 Bed | 1 Den | 2.5 Bath | 1,850 Sf
1342 W St NW U Street Corridor 3 Bed | 3.5 Bath | 2,050 Sf
1202 T St NW #1 Logan Circle 2 Bed | 2.5 Bath | 1,600 Sf
1325 13th St NW #9 Logan Circle 3 Bed | 2.5 Bath | 1,500 Sf
1963 Biltmore St NW #3 Adams Morgan 2 Bed | 2 Bath | 900 Sf
1963 Biltmore St NW #2 Adams Morgan 2 Bed | 2 Bath | 925 Sf
1963 Biltmore St NW #1 Adams Morgan 2 Bed | 2 Bath | 1,025 Sf
 
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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