The average selling price in the DC subway was $ 585,000 in August, according to data from the Greater Capital Area Association of Realtors.
Half a million dollars is a lot of money, but it does not guarantee DMV buyers a lot of houses, writes Paige.
Why it is important: The DC Metro housing market is still on fire thanks to historically low interest rates, low inventory and high offer prices.
- Buyers need to be very competitive and usually need to make several bids before winning a bid.
What happens: We compared listings for about $ 600,000 in six different local neighborhoods.
Not surprisingly, we found that the distance from DC closely correlates with square meters.
1120 Rhode Island Ave NW Apt 1 – $ 519,000
Logan Circle | 2 beds, 1 bath | 745 square meters
Features: Apartment in a converted Victorian mansion with a cave; wooden floors; kitchen with marble countertops and stainless steel appliances; washer / dryer in the unit.
- Listing Agent: Listed by Maxwell Rabin, TTR Sotheby’s International Realty.
5043 9th St S – $ 535,000
Arlington | 2 beds, 3 baths | 1,332
Features: Townhouse on three floors with end floor with wooden floors in living room and dining room; stainless steel appliances and granite countertops in the kitchen; fireplace.
- Listing agent: Laree Miller, KW Metro Center.
5101 Connecticut Ave NW # 4 – $ 549,900
Chevy Chase | 1 bed, 1 bath | 820 square meters
Features: Brand new condominium in a luxury boutique building featuring waterfall quartz countertops and top-end appliances in the gourmet kitchen; floor-to-ceiling windows; wide wooden floors.
- Listing Agent: Samer Kuraishi, The ONE Street Company.
1514 17th St NW # 305/303 – $ 599,000
Dupont Circle | 2 beds, 2 baths | 1,036 square meters
Features: Copley Plaza co-op has hardwood floors; 10-foot ceilings; walk-in closet, gourmet kitchen with updated quartz countertops and stainless steel appliances; renovated guest bathroom.
- Listing agent: Hans Wydler, Compass.
516 Redland Blvd – $ 599,900
Rockville | 3 beds, 4 baths | 1,968 square meters
Features: The home has two full and two half baths with a two-car garage; wooden floors on the main level; stainless steel appliances and granite countertops in the dining kitchen; free shuttle to Metro.
- Listing agent: Rex Thomas, Samson Properties
11335 Drumsheugh Lane – $ 599,990
Upper Marlboro | 4 beds, 4 baths | 2,870 square meters
Features: Colonial house in brick with marble floor in foyer on two floors; sauna; heated pool; stone kitchen floors; two fireplaces; finished basement with a wet bar and a full bath.
- Listing agent: Kimberly Trimble, Trademark Realty, Inc.