McEnearney Suburban Maryland Market Report First Half 2018

Page 1

M ARK E T RE PORT

SUBURBAN MARYLAND MCENEA RNEY A S S OCI ATES - FI RS T HA LF 2 0 1 8


table of contents

03 04 05 06 09 10 13 14 17 18 21 23 24 27 28

a message from maureen mcenearney dunn

2018 first half review

montgomery county summary

bethesda, chevy chase 3220 Farmington Dr | MLS# MC10243334

kensington

Front & Back Cover: 3936 Washington St | MLS# MC10255808

silver spring

rockville

gaithersburg

germantown

potomac/north potomac

prince george’s county summary

bowie

capitol heights

district heights

fort washington

31 32 35 36 38 39 40 41

hyattsville

laurel

oxon hill, national harbor

upper marlboro

we’re local. we’re global.

reaching the luxury buyer

mcenearney leadership team

our office locations


a message from maureen mcenearney dunn McEnearney Associates has had the privilege of serving the Washington, DC metropolitan area since 1980. With almost four decades of success, we know what a special place this is to live and work! We’re proud to be locally owned, locally operated and locally involved. When John McEnearney founded our company, he had a clear objective: “To provide a quality of real estate services that is second to none. To earn the respect of our customers and clients and ultimately their recognition as the best.” While we have grown from a small office with 15 agents in Old Town Alexandria, Virginia to one with nine offices in Washington, Maryland and Virginia and over 370 wonderful Associates, our commitment to that objective has never wavered. We are honored every time a client chooses us to help them sell, buy or rent their home. Every transaction, regardless of price, is important to us – because it is important to you. We hope you enjoy this Suburban Maryland Market Report, and please let us know if we can ever help with any of your real estate needs. Sincerely,

Maureen McEnearney Dunn President

Maureen McEnearney Dunn President McEnearney Associates REALTORS®, Inc. mdunn@mcenearney.com +1 703 738 9544


2018 first half review The real estate markets in Montgomery and Prince George’s County were fairly flat in the first half of 2018 compared to the first half of 2017, but there were considerable differences between the two. Many key market indicators look just like those from last year. The total number of sales was almost unchanged in Prince George’s County and was down 4.6% in Montgomery County. In both, homes that settled in the first half of the year sold in an average of 43 days, down five days for Montgomery County and 2 days for Prince George’s compared to last year. The average sales price was up 3.6% in Montgomery County and up 4.2% in Prince George’s, and in both areas, homes sold a little closer to their original list price than last year. But that’s where the similarities end.

Mortgage interest rates jumped almost a half point in the first couple months of 2018 but have since stabilized. Rates have hovered around 4.6% for the last three months. While the increase in rates has hurt affordability, buyers have not been deterred and rates are still extremely low from an historical perspective. Each area has different market dynamics, so you’ll find an analysis of the performance of detached homes, attached homes and condos for the communities that make this such a wonderful place to live. We hope you find this information useful, and we invite you to connect with any of our terrific McEnearney Associates for a deeper look!

The average sales price in Montgomery County is almost $550,000 and in Prince George’s it is $295,000. Almost 60% of all home sales in Prince George’s are less than $300,000, and that will serve the County well in the months ahead. The inventory of entry-level priced homes is very low in every other jurisdiction in the metro area, typically constituting 15% - 22% of all sales. As prices climb elsewhere, more purchasers are looking to Prince George’s for affordable alternatives. We’re far enough into 2018 to conclude that the impact of last year’s tax reform legislation has been negligible – the negative implications of the limit on the deductibility of state and local taxes has largely been offset by the increase in take-home pay for many wage-earners.

David Howell Executive Vice President and CIO McEnearney Associates REALTORS®, Inc. dhowell@mcenearney.com +1 703 738 9513


montgomery county summary

Homes Sold Bethesda,

Avg Days on Market

Average Sales Price

Avg Sales Price/ Org List Price

1H 2017 1H 2018 % CHANGE

890 843 -5.28%

62.5 58.0 -7.20%

$993,711 $984,591 -0.92%

96.2% 96.5% 0.31%

Kensington

1H 2017 1H 2018 % CHANGE

165 124 -24.85%

48.0 47.8 -0.42%

$633,708 $710,431 12.11%

97.2% 98.9% 1.75%

Silver Spring

1H 2017 1H 2018 % CHANGE

1,596 1,438 -9.90%

40.6 38.1 -6.16%

$388,739 $405,693 4.36%

98.5% 98.5% 0.00%

Rockville

1H 2017 1H 2018 % CHANGE

883 797 -9.74%

42.3 36.1 -14.66%

$502,047 $518,416 3.26%

97.9% 97.8% -0.10%

Gaithersburg

1H 2017 1H 2018 % CHANGE

856 875 2.22%

50.0 35.4 -29.20%

$384,457 $408,392 6.23%

97.9% 98.3% 0.41%

Germantown

1H 2017 1H 2018 % CHANGE

616 571 -7.31%

39.1 32.9 -15.86%

$306,786 $329,375 7.36%

98.0% 98.5% 0.51%

1H 2017 1H 2018 % CHANGE

392 398 1.53%

64.5 63.8 -1.09%

$933,918 $945,511 1.24%

93.0% 95.0% 2.15%

1H 2017 1H 2018 % CHANGE

6,550 6,251 -4.56%

48.1 43.0 -10.60%

$528,968 $548,241 3.64%

96.9% 97.5% 0.62%

Chevy Chase

Potomac/ North Potomac

Montgomery County


bethesda, chevy chase

Bethesda is a predominantly residential community, although there is a distinctly urban pocket surrounding the Bethesda Metro station. Bethesda boasts some 20 art galleries, a wide array of globally-minded culinary diversions and numerous boutiques. Opportunities abound for those seeking something more. Strathmore Hall hosts world-class symphonic concerts and there are a variety of local theatres. Local food and art festivals occur on an almost monthly basis. Chevy Chase has a wide variety of neighborhoods, many with their own unique characteristics created over the years by location, topography, housing styles and a strong sense of community. Several are incorporated townships with elected governments – Chevy Chase Village, Town of Chevy Chase, Somerset, and Friendship Heights to name a few. The Chevy Chase communities offer predominantly single family homes but the Village of Friendship Heights on the southern border is a bustling urban area with apartment living, offices, shopping, entertainment, restaurants, Whole Foods Market, and a metro stop of the same name. The community boasts a village-like atmosphere that is both comfortable and convenient. Within the Chevy Chase borders are two country clubs, the National 4-H Center, a section of Rock Creek Park extending from D.C. into Maryland, small neighborhood shopping areas, many schools, places of worship, a library, and the Leland Community Center. There is also a county rec center that offers classes, a playground and sports facilities. Downtown Bethesda is a big draw for Chevy Chase residents. There you will find the Bethesda Metro, lots of shops including an Apple store and Barnes & Noble, restaurants, street vendors, movies, access to the Capital Crescent Trail and many small businesses. On the weekends, it is full of folks just strolling and checking it all out. The Red Line metro at Friendship heights connects residents with the WMATA grid. Residents in the eastern part of Chevy Chase may be able to enjoy the scenic backdrop provided by Rock Creek Park.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

569

570

0.18%

DOM

61.2

55.2

-9.80%

AVG SP

$1,200,609

$1,192,228

-0.70%

SP/OLP

96.4%

96.7%

0.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

60

57

-5.00%

29.5

26.9

-8.81%

AVG SP

$732,372

$806,410

10.11%

SP/OLP

97.5%

98.8%

1.33%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

261

216

-17.24%

DOM

72.8

73.7

1.24%

AVG SP

$602,734

$483,679

-19.75%

SP/OLP

94.8%

94.4%

-0.42%

Detached

Attached # OF UNITS

DOM

Condo


7010 Beechwood Dr | SOLD

8820 Chalon Dr | SOLD

5632 Western Ave | SOLD 6702 Offutt Ln #196 | SOLD

9502 Brooke Dr | SOLD


4208 Anthony St | SOLD

9809 Gartrell Pl | SOLD

4303 Colchester Dr | SOLD

9620 West Bexhill Dr | SOLD


kensington

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

152

112

-26.32%

DOM

47.5

47.3

-0.42%

$660,898

$750,427

13.55%

Detached

AVG SP

SP/OLP

97.3%

98.8%

1.54%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

5

8

60.00%

62.2

59.5

-4.34%

AVG SP

$536,378

$414,519

-22.72%

SP/OLP

92.4%

102.9%

11.36%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

8

4

-50.00%

46.9

38.8

-17.27%

AVG SP

$177,925

$182,375

2.50%

SP/OLP

95.2%

94.8%

-0.42%

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

Kensington is located outside the Capital Beltway around the Rock Creek basin. Kensington’s development coincided with the construction of light rail in the late 1800s. Like other communities in Washington’s periphery, the area of Kensington offered respite from District’s swampy summers. The initial plan for the community was as a series of garden neighborhoods. Washington financier Brainard Warner undertook this project and in 1894 the new town was christened “Kensington.” Kensington is a residential “bedroom” community of Washington, D.C. but has its own commercial center. Residents will be delighted to find a colorful selection of art galleries, boutiques and restaurants. Kensington boasts seven well-manicured parks and an active community calendar. There is a farmer’s market every Saturday, from 8 a.m. to Noon, at the historic Kensington Train Station.


silver spring

Silver Spring is a centrally-located suburb just to the north of Washington D.C. Prince George’s County is to the east, and Chevy Chase and Kensington are to the west. Silver Spring gets its name from a Micaflecked sparkling spring discovered by Francis Blair, who came to Maryland from Kentucky to publish a newspaper. While horseback riding he discovered the spring in 1842 and named the area Silver Spring. Today the spring’s location is commemorated by Acorn Park in the downtown area. Silver Spring offers the best of both urban and suburban living with neighborhoods lined with mature trees and dotted with playgrounds and parks - all while being close to the heart of city living. The community has recently undergone a significant renaissance with the addition of major retail, residential and office development. Notable landmarks are the American Film Institute’s Silver Theater and Walter Reed Research Center. From Friday to Sunday night the center of Silver Spring comes to life. Fenton Street is blocked off from traffic, providing the freedom to stroll to restaurants or just enjoy people watching at Silver Spring Plaza. During the warm months, Silver Spring Plaza offers free concerts, movie nights and a jazz festival. In June, the AFI and Discovery host “SilverDocs,” which promotes national and international independent filmmakers by giving them the opportunity to showcase their works.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

950

829

-12.74%

DOM

41.1

35.5

-13.63%

AVG SP

$474,065

$506,216

6.78%

SP/OLP

99.0%

98.9%

-0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

307

274

-10.75%

DOM

33.5

35.4

5.67%

AVG SP

$329,562

$341,950

3.76%

SP/OLP

98.2%

98.5%

0.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

339

335

-1.18%

DOM

45.6

46.8

2.63%

AVG SP

$203,219

$209,073

2.88%

SP/OLP

96.0%

96.3%

0.31%

Detached

Attached

Condo


9410 Wire Ave | SOLD

902 Burnt Crest Ln | SOLD


763 Azalea Dr #34 | SOLD


rockville

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

525

473

-9.90%

DOM

38.2

31.6

-17.28%

Detached

AVG SP

$563,154

$587,672

4.35%

SP/OLP

98.2%

97.8%

-0.41%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

183

151

-17.49%

DOM

38.9

36.8

-5.40%

AVG SP

$536,032

$552,656

3.10%

SP/OLP

98.1%

98.1%

0.00%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

175

173

-1.14%

DOM

58.2

47.7

-18.04%

AVG SP

$283,186

$299,178

5.65%

SP/OLP

95.8%

96.8%

1.04%

Attached

Condo

Rockville is located north of Bethesda off I-270. Rockville remained an agricultural community through much of the 18th and 19th centuries until the B&O Railroad arrived in 1873. With a direct line from Washington, Rockville’s population increased and new ventures were pursued outside Washington’s boundaries. Today Rockville is home to a number of research offices and headquarters for both private and public enterprises. Rockville features many historical homes sites. Some of the homes that make up these neighborhoods are over 100 years old and have been constructed in a variety of architectural styles. Rockville is also comprised of several large, planned neighborhoods that offer a combination of single-family homes, condos, townhomes and rental apartments. This stands in contrast to Rockville Town Center, which lends to a more urban living experience. Rockville’s parks are all extremely well maintained. It is a great place to live because of the many county offered facilities and programs. A Farmers Market offering fresh locally grown fruits and vegetable is available every Wednesday from June through October and every Saturday from May until November. The yearly events such as the Fourth of July fireworks and the Hometown Holidays are wonderful. Dining at Rockville Town Center is convenient and one can find almost any type of cuisine to satisfy the discerning tastes of children and parents alike.


gaithersburg

Gaithersburg is a suburban located northwest of Rockville and straddles I-270. In the late 1700s, Gaithersburg was the site of a small agricultural community that was known as Log Town. The name was changed in the mid 1800s to Gaithersburg after Benjamin Gaither, whose family owned a considerable amount of the area’s land. There are several large shopping centers that feature a variety of retail stores and commercial services and the s=area is served by the Shady Grove stop on metro’s red line. Gaithersburg is home to the National Institute of Technical Standards and numerous aerospace and biomedical research firms. There are several golf courses and numerous parks, such as Seneca Creek State Park, that reflect the community’s agricultural past and preservationist attitude.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

325

321

-1.23%

DOM

54.0

40.3

-25.37%

AVG SP

$517,194

$570,686

10.34%

SP/OLP

97.8%

98.3%

0.51%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

392

396

1.02%

DOM

46.4

31.3

-32.54%

AVG SP

$345,226

$370,510

7.32%

SP/OLP

98.2%

98.7%

0.51%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

139

158

13.67%

DOM

50.5

36.0

-28.71%

AVG SP

$184,739

$176,116

-4.67%

SP/OLP

97.3%

96.5%

-0.82%

Detached

Attached

Condo


7 Trudy Way | SOLD

1144 Knoll Mist Ln | SOLD 210 Sportsman Way | SOLD


13356 Manor Stone Dr | SOLD


germantown

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

134

138

2.99%

DOM

54.8

44.8

-18.25%

Detached

AVG SP

$478,805

$506,132

5.71%

SP/OLP

97.0%

97.8%

0.82%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

363

325

-10.47%

DOM

35.9

30.5

-15.04%

AVG SP

$284,942

$299,840

5.23%

SP/OLP

98.6%

99.0%

0.41%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

119

108

-9.24%

DOM

31.1

24.9

-19.94%

AVG SP

$179,714

$192,397

7.06%

SP/OLP

97.8%

98.4%

0.61%

Attached

Condo

Located approximately 25 miles outside of Washington, D.C. Germantown is the third largest community in Maryland behind Baltimore and Columbia. In the 1950s, the U.S. Atomic Energy Commission was relocated from downtown Washington to Germantown. Today, Germantown is home to an administration complex for the U.S. Department of Energy and the Office of Biological and Environmental Research. Germantown is an urbanized area that is comprised of six villages: Churchill Village, Gunners Lake Village, Clopper Village, Kingsview Village, Middlebrook Village and Neelsville Village. These feature both townhomes and single-family dwellings. Residents have unprecedented access to MARC rail services. There are three shopping centers with grocery stores and other retail options. Several large parks are located nearby, including Black Hill Regional Park and North Germantown Special Park. The BlackRock Center for the Arts serves as Germantown’s cultural center. The 30,000 square foot center features an art gallery, 210-seat theatre, dance studio, a 105-seat studio theatre and music practice rooms and classrooms.


potomac/north potomac

As its name suggests, a large part of this community is nestled along the banks of the Potomac River. Potomac is located just outside the Capital Beltway and mirrors Great Falls, Virginia on the river’s opposite shore. In the 18th century, Potomac was a rural farming community better known as Offutt’s Crossroads. Offutt’s Crossroads grew in size after the Civil War and in 1880, a name change was requested and Potomac was “born.” Potomac experienced much of the same suburban growth that spread from the District in the late 19th and early 20th centuries. Potomac is a community of convenience and comfort. D.C. is only 15 miles away. Broad streets and mature trees line expansive lots dotted with attractive single-family residences, many of which are grand estates. It is a welcomed breath of fresh air from the congestion of the regions more urban centers. Potomac is home to Great Falls National Park and several world-famous golf courses that are home to major PGA events. The scenic C & O Canal is a haven for runners, walkers and bikers. Potomac Village is the focal point of Potomac. Located at the intersections of Falls Road and River Road, Potomac Village features upscale shops, businesses and restaurants. North Potomac is located outside the Capital Beltway, just off I-270. and shares a similar history with Potomac. North Potomac is a classically suburban community comprised of many smaller neighborhoods. Here one can find large single-family homes and townhouses. There are several shopping areas within the community containing numerous retailers, grocery stores and other regional and national chains. Muddy Branch Park courses throughout North Potomac and is ideal for those looking for trail running, walking and biking.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

225

309

37.33%

DOM

70.9

64.4

-9.17%

AVG SP

$1,131,780

$1,018,512

-10.01%

SP/OLP

91.1%

94.7%

3.95%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

45

84

86.67%

65.8

61.3

-6.84%

AVG SP

$706,316

$675,682

-4.34%

SP/OLP

98.2%

96.9%

-1.32%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

2

5

150.00%

46.0

68.0

47.83%

AVG SP

$1,082,500

$967,200

-10.65%

SP/OLP

97.6%

94.6%

-3.07%

Detached

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM


11737 Devilwood Dr | SOLD

10400 Birdie Ln | SOLD



prince george’s county summary

Homes Sold

Avg Days on Market

Average Sales Price

Avg Sales Price/ Org List Price

Bowie

1H 2017 1H 2018 % CHANGE

746 720 -3.49%

38.7 37.2 -3.88%

$336,054 $344,662 2.56%

97.9% 98.4% 0.51%

Capitol Heights

1H 2017 1H 2018 % CHANGE

305 373 22.30%

39.5 45.7 15.70%

$199,694 $213,767 7.05%

98.0% 97.2% -0.82%

District Heights

1H 2017 1H 2018 % CHANGE

233 220 -5.58%

41.6 31.1 -25.24%

$206,764 $220,646 6.71%

98.1% 98.5% 0.41%

Fort Washington

1H 2017 1H 2018 % CHANGE

347 312 -10.09%

56.3 58.1 3.20%

$291,635 $315,624 8.23%

96.6% 97.2% 0.62%

Hyattsville

1H 2017 1H 2018 % CHANGE

353 324 -8.22%

38.1 31.7 -16.80%

$272,823 $292,707 7.29%

98.5% 99.0% 0.51%

Laurel

1H 2017 1H 2018 % CHANGE

321 332 3.43%

38.1 36.8 -3.41%

$291,717 $295,615 1.34%

98.5% 99.0% 0.51%

1H 2017 1H 2018 % CHANGE

122 177 45.08%

47.3 44.1 -6.77%

$248,981 $252,793 1.53%

97.8% 97.5% -0.31%

1H 2017 1H 2018 % CHANGE

774 769 -0.65%

48.8 48.8 0.00%

$319,661 $332,160 3.91%

98.3% 97.5% -0.81%

1H 2017 1H 2018 % CHANGE

5,352 5,311 -0.77%

44.8 42.5 -5.13%

$282,259 $294,194 4.23%

97.8% 98.0% 0.20%

Oxon Hill, National Harbor

Upper Marlboro

Prince George’s County



bowie

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

520

493

-5.19%

DOM

41.2

39.5

-4.13%

AVG SP

$373,588

$384,064

2.80%

SP/OLP

97.6%

98.5%

0.92%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

204

200

-1.96%

DOM

34.2

32.8

-4.09%

AVG SP

$259,082

$271,942

4.96%

SP/OLP

99.0%

98.1%

-0.91%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

22

27

22.73%

23.9

27.4

14.64%

AVG SP

$162,634

$163,885

0.77%

SP/OLP

97.1%

99.8%

2.78%

Detached

Attached

Condo # OF UNITS

DOM

Bowie is located in northeast Prince George’s County between Washington, D.C. and Baltimore, Maryland. Named for Governor Oden Bowie in 1874, and built on eighteen square miles, the motto, “Growth, Unity and Progress” is seen everyday by residents. Due to its strategic location, railroad transportation is a significant part of Bowie’s past, present and future. In 1872 the Baltimore and Potomac Railroad established a hub in Bowie to Washington, D.C. Today that railroad link is a part of Amtrak’s busy Northeast Corridor. Bowie residents are proud of the various recreational and cultural opportunities in their community. Bowiefest is a one-day June celebration where residents are introduced to the Best of Bowie! Bowie’s International Festival held in October is a time for the community to celebrate. Bowie residents can hike the Washington, Baltimore and Annapolis trail, find plenty of activities available at Genealogical Society Library, local public libraries, and the community recreational centers. Bowie has public parks for golfing, ice skating, boat rentals, its own Bowie Skate Park, tennis, soccer fields and miles of bike trails. The Bowie Playhouse Theatre hosts four theatre companies that provide a variety of live entertainment, as well as the Bowie Railroad Museum. The Bowie Baysox AA minor league affiliate of the Baltimore Orioles play their games at Bowie Stadium, and the iconic Belair Mansion, home to Provincial Governor Samuel Ogle, is on the National Register of Historic Places and open to the public with free admission.


capitol heights

The Town of Capitol Heights was the idea of Otway B. Zantzinger who saw the possibilities of bring new residents to the outskirts of the District in 1904. Advertising beautiful lots with generous buyer financing and a future electric railway stop with views of Washington, D.C., his 400 acre vision is today known as Capitol Heights. Just over the Washington, D.C. boundary with Seat Pleasant to the north, Walker Mill to the east, District Heights/Suitland to the south and the Washington, D.C. to the west, it covers an area a little esws than one square miles. The Capital Heights Festival kicks off summer fun celebrating food, music, crafts, bands, lots of dancing plus children’s entertainment. Just a few miles north in Landover, Washington Redskins fans can see their favorite team play at FedExField. Richie Station Marketplace continues to develop new retail stores to serve Capitol Heights and the surrounding communities. The new Hampton Park currently in development will help revitalize the Central Avenue Corridor. The future and much anticipated University of Maryland Capital Region Medical Center in Largo, just a few metro stops away, is under construction for completion in 2020.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

232

269

15.95%

DOM

42.5

47.6

12.00%

AVG SP

$199,298

$214,968

7.86%

SP/OLP

98.0%

96.7%

-1.33%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

70

100

42.86%

30.8

41.8

35.71%

AVG SP

$205,023

$210,597

2.72%

SP/OLP

98.0%

97.9%

-0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

3

3

0.00%

9.7

15.7

61.86%

AVG SP

$106,000

$192,008

81.14%

SP/OLP

98.1%

118.8%

21.10%

Detached

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM




district heights

Detached

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

136

136

0.00%

DOM

47.3

34.0

-28.12%

AVG SP

$224,386

$240,521

7.19%

SP/OLP

97.2%

97.8%

0.62%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

85

66

-22.35%

36.5

30.2

-17.26%

AVG SP

$197,958

$222,107

12.20%

SP/OLP

99.4%

100.0%

0.60%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

12

18

50.00%

14.3

13.2

-7.69%

AVG SP

$69,425

$65,119

-6.20%

SP/OLP

106.5%

101.4%

-4.79%

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

District Heights is located just outside Washington, D.C. along Kipling Parkway and Marlboro Pike. District Heights was originally farm land owned by Major Leander P. Williams, purchased as four patented Lord Baltimore tracts Under grants issued to Lord Baltimore by King Charles I of Great Britain, the tracts belonged to Colonel Ninian Beall, Benjamin Berry, and Alexander Magruder. District Heights evolved from one of the four patents. In 1925 land purchased and formed into District Heights Company by Joseph Tepper, David L. Blanken, Henry Oxenberg, Gilbert Leventhal, Simon Gordon, and Simon Gerber. The land was farmed by Walter and Al Dustin, whose farmhouse stood at 7116 Foster Street. By 1925 streets laid out first three blocks of Halleck Street and Aztec. By 1936, the city had approximately 25 homes built, two businesses, a grocery store and filling station, a pump house and water tower to furnish the water and pressure for the City, a sewage system and a free Model T bus service to 17th and Pennsylvania Avenue, S.E. Today, District Heights is a suburban community of single-family residences and townhomes. There is a wide array of amenities available at several nearby shopping centers along Marlboro Pike, and the Suitland, Naylor Road and Branch Avenue metro stops are nearby.


fort washington

Fort Washington is named for its historic significance and strategic location on the Potomac River in an unincorporated area south of the District of Columbia. The original Fort Warburton was completed in 1809 but destroyed by the British during the War of 1812. Renamed Fort Washington when rebuilt in 1824, it was designed to protect the District of Columbia from future British attacks. During World War II the Fort served as an Army Officer Candidate School as well as the location for the 67th WAAC Detachment of women that supported the war effort. The Potomac River borders Fort Washington on the west, National Harbor to the north, Oxon Hill to the northeast and Accokeek to the south. Residents enjoy outdoor, educational and environmental activities in Fort Washington due to their proximity to Piscataway Park. Interpreting and conserving the natural resources of Piscataway Park through numerous community programs benefits all residents. The National Colonial Farm uses plants to preserve our culture and health through research and education for the entire DC Metro region. The challenging and popular Henson Creek Golf course open to the public, and live harness racing fans can step back in time and visit Rosecroft Raceway.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

313

281

-10.22%

DOM

55.4

58.4

5.42%

AVG SP

$303,405

$327,195

7.84%

SP/OLP

96.6%

97.2%

0.62%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

30

25

-16.67%

41.8

35.2

-15.79%

AVG SP

$190,325

$225,080

18.26%

SP/OLP

97.5%

95.5%

-2.05%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

4

6

50.00%

237.5

141.0

-40.63%

AVG SP

$130,475

$151,000

15.73%

SP/OLP

98.5%

103.9%

5.48%

Detached

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM




hyattsville

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

260

214

-17.69%

DOM

34.5

32.4

-6.09%

$293,626

$315,956

7.60%

Detached

AVG SP

SP/OLP

98.6%

98.3%

-0.30%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

50

61

22.00%

35.8

28.7

-19.83%

AVG SP

$294,019

$331,254

12.66%

SP/OLP

98.6%

100.6%

2.03%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

43

49

13.95%

62.7

32.5

-48.17%

AVG SP

$122,387

$143,187

17.00%

SP/OLP

96.5%

100.6%

4.25%

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

Hyattsville is located between the District and College Park in the northwestern part of Prince George’s County. Christopher Clark Hyatt, the man from whom Hyattsville takes its name, purchased the first plot of land in March of 1845, predicting that the area would make for suitable suburban developments. Hyattsville is an evolving, residential community of cape cods, colonials, Victorian and arts and crafts homes. Hyattsville’s historic district was placed on the National Register of Historic Places in the early 1980s. There is a growing arts district along Route 1. A number of restaurants and coffee shops have recently opened their doors. Hyattsville residents have access to a number of amenities nearby at The Mall at Prince Georges. The Riverdale Park Farmers Market is also closeby. It is held every Thursday from April to November and features live music.


laurel

Laurel is a city that occupies the northern tip of Prince George’s County along the fall line of the Patuxent River. It includes four unincorporated areas: West Laurel, North Laurel, Maryland City and South Laurel. The city was the site of a number of a large cotton mills during the late 18th and early 19th centuries. The construction of the Capital Subdivision rail line, which ran from Baltimore to Washington, coincided with Laurel’s development. Laurel is a mixed-use community that features a number of commercial and residential developments. Its historic district, located on the Patuxent River, is the site of a number of older homes that reflect the city’s agricultural and industrial past. There are a number of amenities at Laurel Shopping Center. Nearby Rocky Gorge Reservoir is ideal for those looking to get out and enjoy the fresh air.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

161

144

-10.56%

DOM

45.6

46.5

1.97%

AVG SP

$360,933

$368,583

2.12%

SP/OLP

98.5%

98.6%

0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

131

148

12.98%

DOM

32.1

26.1

-18.69%

AVG SP

$244,977

$259,871

6.08%

SP/OLP

98.3%

99.9%

1.63%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

29

40

37.93%

24.0

41.7

73.75%

AVG SP

$118,586

$165,186

39.30%

SP/OLP

99.2%

97.7%

-1.51%

Detached

Attached

Condo # OF UNITS

DOM




oxon hill, national harbor

This is an unincorporated area in the southern part of Prince George’s County in Maryland. Oxon Hill borders the downtown district to the southeast while Alexandria to the east. Oxon Hill is best known for being home to the National Harbor.Oxon Hill majorly acts as a tourist attraction due to the existence of parks and recreational facilities. Recreational facilities such as Rosecroft Raceway has equestrian facilities visited annually by fans worldwide. Parks such as the Tucker Road Athletic complex provides for a perfect viewing while sports commence. The residents benefit from the top notch educational facilities in their proximity such as the Oxon Hill High School for their children.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

63

90

42.86%

42.1

29.2

-30.64%

AVG SP

$244,537

$250,340

2.37%

SP/OLP

98.7%

98.7%

0.00%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

29

58

100.00%

63.3

46.1

-27.17%

AVG SP

$360,520

$280,815

-22.11%

SP/OLP

97.6%

97.0%

-0.61%

National Harbor plays out like a compilation album of some of the most well known corporate restaurant and retail chains in America. It is home to a number of hotels including the Gaylord National Resort & Convention Center and the MGM Resort and Casino. The National Harbor community also boasts an array of commercial space, a marina and waterfront condos. There are a variety of events and festivals that run year round and draw large crowds. The new National Children’s Museum is also located at National Harbor. The exit for National Harbor off the Capitol Beltway has the distinction of being the only exit in the entire Interstate System that is exclusively for a privately-developed community.

Detached # OF UNITS

DOM

Attached # OF UNITS

DOM

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

30

29

-3.33%

42.8

86.3

101.64%

AVG SP

$150,494

$204,361

35.79%

SP/OLP

95.1%

94.8%

-0.32%

Condo # OF UNITS

DOM

National Harbor is a mixed-used development on over 350 acres located along the banks of the Potomac River, across from Alexandria and outside I-495. Construction began in the late 1990s and was complete in 2008.


upper marlboro

Upper Marlboro is the seat of Prince George’s County in Maryland. The 0.43 square mile town is located to the southeast of Washington D. C. The town emerged due to the construction between intersection U. S Route 301 and Maryland Route 4. Early in its life, when the western branch of the Patuxent River was still navigable, the town served as a port town for tobacco ships. The town blossomed into an agricultural, social, and political hot spot. Farms, many of which raised tobacco, dominated the surrounding areas. Over the decades, most of the farms have given way to residential development The people residing in Upper Marlboro benefit from the close proximity to Washington D.C. due to the ease of access. The town was seized by the British during the War of 1812 on their way to the burning of Washington, and it has multiple colonial tourist sites including old jails and courthouses. New developments include a large lake with walking paths, county office buildings and numerous educational facilities.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

457

435

-4.81%

DOM

52.1

55.4

6.33%

AVG SP

$372,654

$381,818

2.46%

SP/OLP

98.0%

97.2%

-0.82%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

268

282

5.22%

DOM

46.7

44.8

-4.07%

AVG SP

$269,422

$292,691

8.64%

SP/OLP

99.1%

97.8%

-1.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

49

51

4.08%

29.9

15.7

-47.49%

AVG SP

$100,190

$130,031

29.78%

SP/OLP

96.5%

100.7%

4.35%

Detached

Attached

Condo # OF UNITS

DOM


4702 Imperial Oaks Ln | SOLD


we’re local. we’re global. As an affiliate of the prestigious Leading Real Estate Companies of the World® network, McEnearney Associates is proud that our organization helped produce the most home sales by volume in 2017 compared to any national network or franchise. $55 billion more U.S. home sales volume than our closest competitor.

Realty Executives

Better Homes & Gardens

$22B

$20B

HomeSmart

Exit Realty

$25B

$12B

ERA

$26B

Sotheby’s International Realty

$116B

$121B

Century 21

Berkshire Hathaway Home Services

$181B

$250B

$298B Keller Williams

$317B RE/MAX

Leading Real Estate Companies of the World®

$372B

Coldwell Banker

With connections to more than 130,000 sales associates in 565 member firms in over 70 countries, our connections make us more than a local company, we’re global too.

For informational purposes only. Based on available data for average sales units per agent and average sales prices per firm. In compiling this report, LeadingRE relies on third party sources including REAL Trends National Network 2018 Totals Final Report and REALTOR® Magazine 2017 Franchise Report. LeadingRE is not responsible for the accuracy of third party data.


reaching the luxury buyer Over 3 million affluent consumers visit our network flagship website, luxuryportfolio.com every year to browse in a setting dedicated solely to significant properties. These are high-networth buyers, not dreamers. The average luxury home buyer is 36 has an average household income of $372,000, liquid assets of $10.8 million and 57% own a second home. In the U.S. alone, luxuryportfolio.com curates more properties priced more than $1 million than any other luxury property website.

$10.8M

57%

I N L I QU I D A S S E T S

O WN A SE CO ND HO ME

$372,000

36

AV E RA GE HOU S E HOL D I NCO ME

9

NU M BE R OF L A NGU A GE S YOU R P R OP E R T Y WI L L B E T R A NS L AT E D I NT O

AV E R AG E AG E O F LUXURY HO ME B UYE R

60+

NUMB E R O F CUR R E NCI E S YO UR PR O PE R TY WI LL B E TR ANSLATE D I NTO


mcenearney leadership team Our dedicated team has overseen a combined 100,000+ closed real estate transactions. Managing Brokers are full-time, nonselling, and non-competing with our agents. Their extensive knowledge and experience benefit our Associates 365 days a year, and they stand behind them 100%. They are there when it counts.

Maureen McEnearney Dunn

David Howell

President McLean Office mdunn@mcenearney.com +1 703 738 9544

Executive Vice President, CIO & Principal Broker for Washington, DC & Maryland dhowell@mcenearney.com +1 202 552 5610

Dave Hawkins

Michael Day

Jon Wolford

Executive Vice President & Managing Broker, Alexandria Office dhawkins@mcenearney.com +1 703 286 1285

Executive Vice President & Managing Broker, Alexandria Office mday@mcenearney.com +1 703 286 1218

Executive Vice President & Managing Broker, McLean Office jwolford@mcenearney.com +1 703 738 9516

Candice Bower

Andy Hill

Glenn Lewis

Executive Vice President & Managing Broker, Washington, DC Offices ahill@mcenearney.com +1 202 552 5619

Executive Vice President & Managing Broker, Arlington Office glewis@mcenearney.com +1 703 717 6311

Executive Vice President & Managing Broker, Leesburg & Middleburg Offices cbower@mcenearney.com +1 703 738 8260


our office locations

14th Street

50th Street

Arlington

1803 14th Street NW Washington, DC 20009 o +1 202 903 2200

4315 50th Street NW Washington, DC 20016 o +1 202 552 5600

4720 Lee Highway Arlington, VA 22207 o +1 703 525 1900

Kensington

Leesburg

McLean

3804 Howard Avenue Kensington, MD 20895 o +1 301 979 7270

107 N King Street Leesburg, VA 20176 o +1 703 738 8282

1320 Old Chain Bridge Road Suite 350 McLean, VA 22101 o +1 703 790 9090

Middleburg

Old Town Alexandria

7 W Washington Street Middleburg, VA 20118 o +1 540 687 5490

109 S Pitt Street Alexandria, VA 22314 o +1 703 549 9292


Kensington Office 3804 Howard Ave Kensington, MD 20895 o +1 301 979 7270 McEnearney.com

Data derived from the MRIS Multiple Listing System and are believed reliable, but not guaranteed.


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