What's Happening in Our Real Estate Market

Nalls Home Partners

E-Newsletter

March 2015

It's That Time Again

Like everyone, I've been looking forward to the spring after the awful, drawn out winter we had. Tom and I were out in the gorgeous weather we had on Saturday. We sat on a bench and let the sun warm the winter out of us, and talked about the way the sunshine feels on your face in early spring. It's one of those sublime pleasures that we don't often take note of - maybe because it used to be that the first warm day of the year would have found us standing on the sidelines of a soccer field, checking our cell phones - and that's not at all the same thing as a pretty bench in Sperryville!

In all events, we're glad the weather has finally gotten the memo that the real estate market has had since January. The head start means that we are in absolute high season full swing out there, with good listings garnering multiple offers and prices soaring. Last week we had a listing sell almost a hundred thousand over an already aggressive asking price. Sellers: low inventory is at the heart of this. If you're thinking about a move, please let us know. Last year, it was over by May. For our buyers, it's not too late to capture a great place at the right price, but, again, we need to hear from you. One of the reasons that inventory is so low is that there are lots of pre-sales (houses selling privately on agent to agent word of mouth) going on out there and those tend to be the more reasonable prices. We hear about them every day and are here to help when you are ready.

Happy Spring to us all!

Barbara, Tom, Marc and Susan

Nalls Home Partners

Useful Website

I wanted to pass on a very useful website for our Montgomery County folks, that I heard about from a neighbor. It's a sign up for notification of trash pick up - which has been extremely useful this year with all the snow and holiday delays

Go to - https://www2.montgomerycountymd.gov/depcollectionday/subscribe.aspx?a=00573538&r=RE02H04. Or click on this link. On this web page you can select how you would like to receive notifications and other options.

So far I haven't found that they send too much email or anything but a reminder of your trash day and it's nice not to have to do the "will they or won't they" at 10:00 pm the night before.

Client of the Month

It's the end of an era. Our client of the month is Debra White who, at 5 personal (and 9 extended family) transactions, is up there in the pantheon of repeat Nalls Home Partners clients - and become a dear friend in the process. Debra made a career move that took her back to her New York roots and we sold her gorgeous Woodley Park townhome last month. As it turns out, she absolutely loves living in NY again and it is with mixed feelings that we say congratulations for what looks like the last time. You never know, but every time I talk to her she seems pretty darned happy with her no hassle lifestyle and fancy doorman building. We wish her all happiness and great good luck where ever she is!

Regional Sales Trends For Single Family Homes

Contracts Ratified Per Month

Montgomery County

Washington DC DC Stats

Information provided by GCAAR

Our Listings

Westerly Road Poolsville, MD 20837
Glen Road Potomac, MD 20854
Terrace Drive Chevy Chase, MD 20815
Spencer Road Chevy Chase, MD 20815

4809 Chevy Chase Blvd Open Saturday March 14th 2-4 PM

Open Sunday March 15th 1-4 PM

4809 Chevy Chase BLVD

Chevy Chase, MD 20815

$1.29 Million

Sparkling true 5/6 bedroom, 3 full baths +2 half bath (additional full bath in studio above garage) colonial on one of Chevy Chase West's prettiest streets! Significant expansions including fantastic light drenched great room, adjacent new granite & stainless steel kitchen, shining wood floors, gorgeous details. Rare 2 car gar with finished loft above including full bath & wet bar - great for home office or au pair. Great lot, perfect quiet location close to parks, downtown Bethesda, Chevy Chase or Friendship Heights!

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $12,532.15

2917 Colston Open Sunday March 15th 1-4 PM

2719 Colston Drive

Chevy Chase, MD 20815

List Price: $699,900

Bright, beautiful, 3 bedroom, 2 full bath colonial charmer with a large main floor sun room addition in popular Rock Creek Forest. Updated eat in kitchen, modern baths, great room sizes, fully finished lower level, fenced level lot, rare attached garage. New systems and roof - ready to move in and enjoy!

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $5942.30

Saul

4116 Saul Road

Chevy Chase, MD 20815

New Price: $765,000

Big, bright, beautiful Byeford split renovated top to bottom, fresh paint, gleaming floors, and sun-filled open kitchen. Four bedroom and three full baths, including attached master, four levels, great flow - living room opens to sunny deck, family room opens to adj patio, large private lot, mature plantings, hot tub!! Two car gar plus tons of storage. Fantastic central location close to pools & schools, great commute!

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $7,506.34

20000 FISHER AVE,

20000 Fisher Ave

Poolesville, MD 20837

$399,000

Historic property in commercial business district of Poolesville. Great flexibility of use with two separate buildings and paved parking. Several independent office/retail spaces. Main building is vacant, smaller building is retail occupied. Tenant is seller, will stay with lease or vacate with sale, your choice.

Under Contract

Senca

8905 Seneca Lane

Bethesda, MD 20817

List Price: $949,00

PRISTINE top to bottom renovation with show stopping attention to detail - gorgeous, gorgeous, gorgeous. True chef's kitchen, wonderful breakfast room / garage conversion, 1st floor den, lovely baths, totally finished lower level, unusually beautiful floors, well conceived open floor plan, serene landscaping, great porch & patio for entertaining - truly a delight at every turn.

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $8,187.30

Under Contract

4219 38th St Nw

4219 38TH Street NW

Washington, DC 20008

List Price: $1.195

Terrific renovation of a bright end unit (duplex) four bedroom, 3.5 bath "Wardman" townhouse in brilliant N Cleveland Park. This one's really done right - chef's kitchen with six burner Viking, clever mud room / powder room / den in back, gorgeous baths, fun 3rd floor, level walk out lower level. Great room proportions, high ceilings, bright south exposure, patio, expanded deck, fenced level yard, secure detached garage. One of the best!

Please Click Here to View the Virtual Tour

Under Contract

2602 Spencer Road

Chevy Chase, MD 20815

List Price: $609,000

Start it right with the best value in Chevy Chase. Well maintained brick colonial, three bedrooms, generous living room, Separate dining room, updated kitchen, enclosed sun porch, bright finished lower level recreation room, large level fenced rear yard. Hardwood floors, fresh paint, ready to move right in - beat the crowds (and rates) and enjoy the spring in popular Rock Creek Forest while your friends are still out looking!!

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $5,661.18

Under Contract

8011 Maple Ridge Rd

Bethesda, MD 20814

$1.9 Million

Expanded four bedroom, three and a half bath colonial in sought after Battery Park. Less than a mile to downtown Bethesda & Metro. Modern renovations with classic finishes. Master suite with spa bath, open kitchen to family room, hardwood floors, two fireplaces, off street parking, all in a fantastic location. Welcoming community with clubhouse, award winning schools.

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $9,880.24

Sold

28th

2813 28th St NW

Washington, DC 20008

List Price: $1.219

Wow! Stunning top to bottom renovated by Case Design of a DC classic. No expense spared, magnificent Chef's Kitchen centered on a 6 burner range, beautiful marble & tile baths inc master bedroom expansion with steam shower, all with noteworthy attention to detail & setting. Finished lower level suite, beautiful patio(s) & deck, privacy. Off street parking for 2 cars inc detached garage on alley.

Please Click Here to View the Virtual Tour

Sold

Colston

2708 Colston Drive

Chevy Chase, MD 20815

List Price: $759,000

GREAT new listing! Completely charming all brick colonial will steal your heart! Gorgeous block of popular Rock Creek Forest; bright, open, renovated floor plan with fabulous new granite and stainless kitchen done just right. Large living room with bay window, classic fireplace, 1st floor den, well finished lower level, private fenced rear yard and patio. Generous bedrooms and closets. Off street parking.

Click Here to View the Virtual Tour

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

Sold

Colston

2635 Colston Drive

Chevy Chase, MD 20815

$799,000

Wow! Storybook colonial almost too good to be true in popular Rock Creek Forest. Three good sized bedroom and two full baths upstairs, gorgeous family room addition with cathedral ceiling / skylights, bright living room, separate dining, renovated kitchen, private patio off kitchen / family room opens to landscaped gardens and fenced yard. Rare attached garage, walk to Rock Creel Park and transportation.

Please Click Here to View the Virtual Tour

Estimated tax and non-tax charges in the first fiscal year of ownership $6,452.79

District Prices Higher Than 2014 But Single-Family Inventory Increases;

County Sees Increase in Single-Family Contracts and Settlements

DC condo and single-family home prices continued to rise in the District in February, even while single-family inventory rose and condo settlements declined. County prices decreased in both areas compared to February 2014 and inventory was up for condos and single-family homes. The County did experience an increase in single-family contracts and settlements compared to February 2014, as did the District.

Washington, DC

There was no change to the average days on market compared to February 2014. The median price for condos rose 12.6%, with single-family homes increasing by 6.3%. Inventory dropped 6.3% for condos, but increased by 3.7% for single-family homes. Contract activity dropped by 3.3% for condos, but increased by 4.6% for single-family homes. Condo settlements decreased by 17.7%, but increased 2.9% for single-family homes compared to February 2014.

Montgomery County

The average number of days on market was up by 16 days (26.67%) compared to February 2014. Median condo prices dropped by 6.9%, and single-family homes dropped as well, 4.7% compared to the same time last year. The amount of available inventory increased in February, with a 25.5% increase for condos and a 21.8% increase for single-family homes. The number of contracts decreased for condos, 6.3%, but single-family homes saw a 10.3% increase. There was no change in condo settlements, but single-family settlements increased 4.9% compared to February 2014.