2014 Ends With District Prices Strong and Inventory Tight

Post From the   Montgomery County Contracts Increase for Condos and Single-Family Properties    The 2014 real estate market in DC and Montgomery County ended true to the pattern it had followed throughout the year - with the District remaining strong in home prices and inventory tight, even though days on market increased over last year. Montgomery County closed out the year with an increase in contracts for condos and single-family homes compared to December 2013, but inventory and days on market were higher compared to the same time last year.      Washington, DC The average days on market was up 22.22% compared to December 2013. The median price for condos rose 1.6%, with single-family homes increasing by 3.4%. Inventory dropped 14.6% for condos, and 3.6% for single-family homes. Contract activity dropped slightly for condos, 1.9%, but increased 14.8% for single-family homes. Settlements decreased 9.4% for condos, but increased 2.3% for single-family homes compared to December 2013.    Montgomery County The average number of days on market was up 30.19% days compared to December 2013. Median condo prices saw a 1.4% increase, but the price of single-family homes remained identical to December of last year. The amount of available inventory increased in December, with a 16.9% increase for condos and a 33.6% increase for single-family homes. The number of contracts increased 14.5% for condos, and 7.2% for single-family homes. Settlements dropped for condos, 4.3%, but increased by 20.3% for single-family homes compared to December 2013.    District of Columbia December 2014 December 2013 Change Average Days on Market: Condo & Single-Family Homes 44 36 +22.22% Condo Median Price $415,000 $408,500 1.6% Condo Total Active Listings 473 554 -14.6% New Condo Contracts This Month 212 216 -1.9% Condo Settlements This Month 288 318 -9.4% Condo Absorption Rate (Total Active Listings /New Contracts) 2.23 2.56 -12.9% Single-Family Median Price $620,250 $599,900 3.4% Single-Family Total Active Listings 515 534 -3.6% New Single-Family Contracts This Month 295 257 14.8% Single-Family Settlements This Month 363 355 2.3% Single-Family Absorption Rate (Total Active Listings /New Contracts) 1.75 2.08 -15.9% Montgomery County December 2014 December 2013 Change Average Days on Market: Condo & Single-Family Homes 69 53 +30.19% Condo Median Price $223,000 $220,000 1.4% Condo Total Active Listings 490 419 +16.9% New Condo Contracts This Month 182 159 14.5% Condo Settlements This Month 200 209 -4.3% Condo Absorption Rate (Total Active Listings /New Contracts) 2.69 2.64 +1.9% Single-Family Median Price $460,000 $460,000 0% Single-Family Total Active Listings 1777 1330 +33.6% New Single-Family Contracts This Month 518 483 7.2% Single-Family Settlements This Month 748 622 20.3% Single-Family Absorption Rate (Total Active Listings /New Contracts) 3.43 2.75 +24.7%

GCAAR 15201 Diamondback Drive, Suite 100 Rockville, Maryland 20850

Beautiful New Listing - A classic Wardman-Done RIGHT! Live in refined elegance in Woodley Park! Open Saturday and Sunday!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2813 28th Street NW
Washington, DC  20008

List Price:  $1,219,000
Click Here to View the Virtual Tour

Open This Saturday January 24th 2-4 PM

and Sunday January 25th 1-4 PM! 

 

Barbara Nalls and Long and Foster Real Estate are very pleased to welcome you to this very special opportunity to live in refined elegance, right in the heart of one of DC's most classically beautiful neighborhoods: Woodley Park. 

The stylish four bedroom, three full bath row house, built in 1921 by or in the Wardman style,  and was extensively renovated 2008-2011 by award winning Case Design and Remodeling, with special sensitivity to preserving gracious historic proportions and elements while optimizing the home for todays fully modern lifestyle. Beginning from rebuilt front porch and entering through the true hall foyer, the main floor features large living, dining, and sitting rooms, and the real show stopper - an expanded, no expense spared cooks kitchen. Above stairs, there are three three separate bedrooms, two very generous and one perfect for a nursery, guest or office; a beautiful hall guest's bath, expanded private master bath, both beautiful modern renovations with a nod toward the historic setting. There's a bright open walk-up attic with tons of room for storage. The fully finished lower level features a open recreation room living space, wet bar area, a bedroom, full bath, mud room and walks out to the patio. There's also a deck above, private fenced garden and a garage off the alley with additional parking for a second car beside it. 

Nearly all the significant systems of the home have been replaced or upgraded  from the hardscaping to the roof, and the mechanicals in between - with top of the line, energy efficient alternatives . There's even a 2011 solar electrical system which provides power for the home with the excess sold back to the grid! (See disclosures for more information.)

All this, in a setting that is at once peaceful and very convenient, right in the heart of our beautiful city...Welcome Home!

 

Main Floor:

·  Beautiful Front Porch / Patio with room for plants and seating

·  True Entrance Hall Foyer with a lovely switched fixture, hardwood floors

·  Large Formal Dining Room (was the living room) with an elegant marble switched fixture, custom molding, hardwood floors

·  Central Formal Living Room (was the dining room) with switched lighting, built in shelving and hardwood floors

·  Sunny Morning Room open to the kitchen, deck and living room, with cherry wood floors

·  Stunning, impressively outfitted Chef's Kitchen with custom 42 inch glass and cherry cabinets, top of the line, professional quality appliances including an 8 burner range , with a pot-fill and powerful vented hood fan,  built in counter depth refrigerator and freezer, dishwasher, wine fridge, built in espresso machine and state of the art European under counter clothes washer/dryer, coordinated glass tile, exquisite granite and countless designer details

·  Adjacent Deck and stairs with access to both the kitchen and sitting rooms. 

Upper Level:

·  Spacious Master Bedroom with hardwood floors, switched lighting, a wall of closets with custom closet organizers and custom sliding doors. 

·  Adjacent bright, modern full Master Bath with a steam shower, gorgeous custom vanity, fixtures and coordinated tile. 

·  Second and Third Bedrooms with switched lighting, hardwood floors and generous closets with closet organizers

·  Beautiful marble and porcelain Full Hall Bath with a glass enclosed shower bath, oversized vanity and coordinated fixtures

·  Stairs to Floored Walk Up Attic with switched overhead and natural lighting

Lower Level

·  Private 28th Street Entrance through front garden with dedicated brick walkway

·  Living / Play Area with engineered wood floors, a closet, built in blackboard and recessed overhead lighting. 

·  Wet Bar / Kitchenette with 220v access, a hood fan, sink, engineered wood floors, built in storage, and recessed lighting

·  Bedroom with a wall of closets, overhead lighting, engineered wood floors, and a security door and window

·  Modern Full Bath 

·  Versatile indoor-outdoor Mud / Storage Room with overhead lighting

·  Private back Patio and Gardens

·  Secure Detached Garage on the alley with automatic remote door opener. Adjacent private parking for one additional car

 

Additional Features and owner upgrades:

·  In addition to the lovely new kitchen and baths, here are a few more important upgrades in the last few years: * Fresh paint top to bottom * Newly refinished hardwood flooring * Energy efficient replacement windows (where appropriate) * Repointed brick front * New aluminum siding on rear * Newly rebuilt stairs leading from alley * New bricked backyard patio * Boiler replaced * Water heater replaced * New plumbing * New air conditioning unit and compressor * New roof * Solar panels * Installed sump pump in basement *Certified asbestos tile removal from basement * New baseboard heating units in basement * New garden wall in front * New walkway and front porch * New exterior doors * New staircase * Custom radiator covers in all rooms

·  The basement "unit" is considered "grandfathered" for use as an auxiliary apartment, but lacks sufficient ceiling height, as is, for a certificate of occupancy. It should not, therefore, be relied upon for additional income. The basement is separately metered with a separate address (2813 1/2 28th Street) recognized by the USPS.

·  More information on the Woodley Park Community Association, including information about historic designations and restrictions can be found at http://www.wpcaonline.org/

Nalls Home Partners E-News Letter January 2015

Off We Go!

Click Here to View the Full E-News Letter

I'm watching workers take down the holiday decorations on the building across the street from my office, and, swamped returning calls, thinking about how our "spring market" seems to be taking off already. Odd. But if it wasn't so cold, I'd wonder where winter went because in here if feels like spring - it's that busy. 

What's driving it? Pent up demand, for one thing. Lots of buyers lost heart last spring when the competition was so fierce, and then lost interest to the distractions of the summer, the election and then the holidays. Couple that with low inventory and I think a lot of folks put their move on hold. 

Now though, interest rates have taken a little dip with a promise to rise this year. Of course, they have been saying that for a while, but some professionals who are a lot smarter than I am are saying they really will go up - and that is going to be stimulative. Very, very stimulative. 

Everyone seems to be hopping off the fence at once. 

Last year the market began - and ended - early too. The big market was wrapped up by the end of April. We didn't know it at the time, of course, but it's easy to see in retrospect. 

Which is all a long way of saying that if you are thinking about a move this year, call us sooner than later. We want to be able to position our sellers to the best advantage and get our buyers settled before prices go up. 

Happy New Year to us all!!

Barbara, Tom, Marc and Susan

Nalls Home Partners

 

Great New Listing in Rock Creek Forest! Completely charming all brick colonial will steal your heart! Open Sunday Jan 18th 1-4!

The One You Waited For!!

2708 Colston Drive
Chevy Chase, MD  20815

$759,000 

Click Here to View the Virtual Tour

Barbara Nalls and Long & Foster Real Estate are very pleased to welcome you to an exciting opportunity to own this handsome, beautifully renovated brick colonial home on one of the prettiest streets in wonderful Rock Creek Forest! Set optimally up and off the street, the home features a flexible open main floor plan, bright, generous bedrooms with surprising closet space, renovated baths, lots of nicely finished lower level space and the beautifully renovated and redesigned "kitchen you would have done yourself." Outside there's a full length cement driveway, lovely mature landscaping, and a private fenced back yard with both a patio and nice, level play area. All this, freshly painted and absolutely move in ready, in one of Chevy Chase Maryland's most exciting neighborhoods, just minutes to DC and downtown Bethesda, Metro, 495 and Rock Creek Park...Welcome Home!

MAIN LEVEL..........................

• ENTRANCE FOYER AREA and guest closet

• LIVING ROOM with lovely bay window, a classic fireplace mantle and case-work shelving,

crown molding and hardwood floors

• OPEN FLOOR PLAN DINING with chic chandelier, crown molding and hardwood floors

• Integrated, modern white KITCHEN with well  planned 42 inch cabinets, deep farm sink,

Coordinated  granite countertops, stainless steel appliances, task lighting and a versatile peninsula

with double facing base cabinets.

• Adjacent, beautifully finished DEN / SITTING ROOM flooded with light and charm

UPPER LEVEL ..........................

• SPACIOUS MASTER BEDROOM with two exposures, hardwood floors, generous closets and

switched overhead lighting

• BEDROOMS #2 AND #3, both with good closets, switched fan / lighting and two exposures.

• LINEN CLOSET and nicely renovated Full Hall Bath

LOWER LEVEL..........................

• Large, well finished RECREATION ROOM with natural light, new wall to wall carpet,

switched overhead lighting,

• EXERCISE ROOM with natural light, new wall to wall carpet,

• LAUNDRY / STORAGE / UTILITY ROOM

• Beautifully appointed FULL BATH

ADDITIONAL INFORMATION

• Freshly painted

• Efficient Natural Gas Heat and Hot Water

• Electric Central Air Conditioning

• One block to Ride On and Metro Bus, 1 mile Metro

• 2 short blocks to the newly renovated Rock Creek Forest Elementary School, open Jan 2015! 

Estimated tax and non-tax charges in the first fiscal year of ownership $5,557.54.

 

Best Value in Chevy Chase! Classic Brick Colonial in Rock Creek Forest! Open Sunday January 18th 1-4 PM!

Click Here to View the Virtual Tour

 

Open This Sunday 1-4 PM in Rock Creek Forest!
2602 SPENCER RD, CHEVY CHASE, MD 20815
List Price: $625,000

Start it right with the best value in Chevy Chase.

Barbara Nalls and Long and Foster Real Estate are very pleased to welcome you to an exciting opportunity to own this very affordable, single family home in wonderful Chevy Chase Maryland. Lovingly cared for and improved by the current owners, the spacious 3 Bedroom + Den colonial features a great space saving "back stair" main floor layout with circular flow,  a well designed Kitchen, separate Dining Room, large Living Room, and a nicely finished lower level Rec Room. The house is well situated for light on a lot that is larger than most and features extensive landscaping and some well planned hardscape.  Ready for your small touches or a major expansion, it's the best value in Chevy Chase. Welcome Home!

 

Main Level

·  Entrance Foyer Area and guest closet

·  Living Room (room for a baby grand piano!) with three exposures and hardwood floors

·  Formal Dining Room with two exposures and hardwood floors

·  Efficient, updated, galley style Kitchen open to Dining and Living area

·  Nicely finished enclosed porch Den with stylish exposed brick

Upper Level

·  Spacious Master Bedroom with two exposures, hardwood floors, two closets and switched overhead lighting

·  Bedrooms #2 and #3, both with generous closets, switched lighting and good exposures. 

·  Linen Closet and Full Hall Bath 

Lower Level

·  Large, nicely finished Recreation Room with natural light, cozy wall to wall carpet, switched overhead lighting, built in bar and shelving

·  Laundry / Storage / Utility Room

Additional Information

·  Freshly painted 

·  Efficient Natural Gas Heat and Hot Water

·  Electric Central Air Conditioning

·  One block to Ride On and MetroBus, 1 mile Metro

·  2 short blocks to RCF Swim Tennis Club and to the newly renovated Rock Creek Forest Elementary School, open Jan 2015!

Year Built:  1948 

Lot Square Feet:  7390

Lot:  11  Block:  N

Estimated Tax and Non-Tax Charges in First Fiscal Year of Ownership $5,661.18