With Labor Day come and gone, we're saying so long to summer and kicking into high gear for fall! Here's what to know and where to go this month.
Your market snapshot
The number of units sold has decreased by 0.8% year-to-date in DC, 4.0% in Northern Virginia, 1.5% in Montgomery County, 0.3% in Prince George's County, while increasing by 2.6% in Anne Arundel County. (1/1/18-8/27/18 vs 1/1/19-8/27/19)
Across the DMV, the time homes were on the market before being sold, on average, increased year-to-date — from 31 to 38 days in DC, 31 to 32 days in Northern Virginia, 40 to 50 days in Montgomery County, 50 to 57 days in Anne Arundel County, and 39 to 52 days in Prince George's County. (1/1/18-8/27/18 vs 1/1/19-8/27/19)
At the same time, the median price increased by 3.0% in DC, 3.3% in Montgomery County, 3.7% in Anne Arundel County, 10.3% Prince George's County, while decreasing by 0.5% in Northern Virginia compared to the prior year. (July 2018 vs July 2019)
For the most part, the number of homes sold throughout the DMV has decreased, while the prices these homes were sold for was up slightly from the previous year. In summary, the demand for homes isn’t as great as a year ago, so there is more room for negotiation on the buyer side.
Local Happenings
Theatre Week
Theatre Week celebrates DC’s professional theater community. Dozens of local theaters will participate, with $15 and $35 tickets available for some of the most exciting shows of the season. Expect diverse work, including comedies, musicals, and dramas. A free kick-off party will also be held at Arena Stage on September 7th featuring performances, demonstrations, meet-and-greets, and giveaways. Learn more and buy your tickets here!
CAMP at The LINE
Envisioned as an escape from the city, CAMP is a rooftop event series that draws inspiration from fall travels as well as local food and beers -- all punctuated by the LINE’s panoramic rooftop view of Washington, DC. CAMP is held in support of an eclectic lineup of neighboring cultural establishments, with $5 per guest going towards that night's organization of choice. CAMP is in session from August 25th until October 20th, and registration is now open. Reserve your spot today!
Your guide to half-priced wine around DC
Wine happy hours are a dime a dozen (not that we’re complaining), but these restaurants and bars go all-out with half-price bottles. Washingtonian found a deal for almost every night of the week, plus lunch and brunch. Check out the full list here!
Featured Listings
Coming Soon
Adams Morgan 2 Bed | 3 Bath
Glover Park 1 Bed | 1 Bath
Shaw 2 Bed | 2.5 Bath
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.
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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.
