M A RK E T RE PORT
WASHINGTON, DC MCENEA RNEY AS 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 22
a message from maureen mcenearney dunn
2018 first half review
washington, dc summary
logan circle, shaw, penn quarter
4286 Massachusetts Ave NW | MLS#DC10245598 Front & Back Cover: 2016 Hillyer Pl NW | MLS# DC10126892
capitol hill, eckington
adams morgan, dupont circle, columbia heights
georgetown, kalorama, north cleveland park, forest hills
brightwood, friendship heights
au park/tenlytown, cleveland park, spring valley, chevy chase
southwest/wouthwest waterfront
brookland/langdon
anacostia
44 45 46 47
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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 Washington, DC 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 market in the first half of 2018 in Washington, DC changed little from the first half of 2017, and that’s a really good thing. The District continues to have the healthiest market in the metro area. Many key market indicators look just like those from last year. The total number of sales is flat – down less than 1%. Homes that settled in the first half of the year sold in an average of 35 days, just like last year. DC has the highest average sales price, just under $700,000; that’s the highest in the region by more than $100,000 and is almost identical to last year’s average sales price. Those homes sold at an average of 98.3% of their original list price, again, the best in the region.
Mortgage interest rates jumped almost a half point in the first couple of 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 reason that sales were flat in DC is simple: the lack of inventory. The overall number of available homes on the market was 5% - 10% below the levels seen in 2017, and unlike it’s suburban neighbors, the supply of homes is tight in almost every price category. Remarkably, there is a supply of less than 1.5 months in every price category below $1,000,000. The demand in there, but the supply of quality, affordable homes isn’t. We don’t see anything that is likely to change that over the second half of the year. 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
washington, dc summary
Homes Sold Logan, Shaw,
Avg Days on Market
Average Sales Price
Avg Sales Price/ Org List Price
1H 2017 1H 2018 % CHANGE
387 374 -3.36%
25.9 33.5 29.14%
$737,418 $715,815 -2.93%
98.8% 98.6% -0.20%
1H 2017 1H 2018 % CHANGE
805 826 2.61%
27.4 27.5 0.26%
$680,049 $714,267 5.03%
99.2% 99.9% 0.75%
1H 2017 1H 2018 % CHANGE
1,029 1,012 -1.65%
31.3 35.7 14.06%
$674,953 $676,920 0.29%
98.9% 98.6% -0.34%
1H 2017 1H 2018 % CHANGE
445 440 -1.12%
53.9 47.4 -11.99%
$1,265,639 $1,201,073 -5.10%
95.9% 95.6% -0.29%
1H 2017 1H 2018 % CHANGE
483 515 6.63%
33.6 32.0 -4.84%
$582,640 $638,699 9.62%
98.9% 99.1% 0.18%
1H 2017 1H 2018 % CHANGE
437 374 -14.42%
43.1 39.7 -7.86%
$946,316 $990,870 4.71%
98.1% 98.5% 0.38%
1H 2017 1H 2018 % CHANGE
123 103 -16.26%
30.9 38.0 22.81%
$436,739 $522,524 19.64%
99.1% 98.5% -0.61%
Brookland, Langdon
1H 2017 1H 2018 % CHANGE
276 259 -6.16%
30.6 35.1 14.65%
$549,665 $562,471 2.33%
98.8% 98.1% -0.75%
Anacostia
1H 2017 1H 2018 % CHANGE
574 622 8.36%
40.4 35.6 -11.81%
$286,714 $304,775 6.30%
97.8% 98.1% 0.31%
Washington, DC
1H 2017 1H 2018 % CHANGE
4,589 4,559 -0.65%
35.0 35.2 0.44%
$691,079 $697,115 0.87%
98.2% 98.3% 0.07%
Penn Quarter Capitol Hill, Old City Adams Morgan, DuPont Circle, Columbia Heights Georgetown, Kalorama, N Cleveland Park, Forest Hills Brightwood, Friendship Heights AU Park, Cleveland Park, Spring Valley, Chevy Chase Southwest/ Soutwest Waterfront
logan circle, shaw, penn quarter
Logan Circle has retained its 200 year old charm, as many of the original Victorian row houses remain along the streets of Logan Circle. It is a popular arts and retail destination with the renovated Studio Theater and plenty of local shops with unique finds. This continues through its close proximity to the U Street Corridor with more retail and dining options that are just a short walk away. The Shaw and Howard University neighborhoods remain cultural centers today with the Lincoln Theater, Walter E. Washington Convention Center, and the 9:30 Club. Shaw real estate is defined by classic 19th century row houses painted in a wide variety of colors. The neighborhood beyond the residential community is features plenty of local businesses and restaurants, including the famous Ben’s Chili Bowl on the U Street Corridor. The Penn Quarter neighborhood is often considered a part of Downtown. It’s growth stemmed from the Pennsylvania Avenue Development Corporation (PADC) that called for a mixed-use neighborhood, looking beyond a residential focus. The PADC incorporated residences, offices, cultural venues, theater, retail, hotels and restaurants to make the neighborhood as dynamic as possible. In addition, new parks and plazas were created including Pershing Park, Freedom Plaza and the Navy Memorial. Capital One Arena, which opened in 1997, has contributed to the robust growth of Penn Quarter.
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
7
3
-57.14%
13.6
11.3
-16.74%
AVG SP
$939,071
$1,690,000
79.97%
SP/OLP
95.4%
89.7%
-5.95%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
118
100
-15.25%
DOM
23.0
38.3
66.40%
AVG SP
$935,214
$931,158
-0.43%
SP/OLP
98.7%
98.9%
0.20%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
262
271
3.44%
DOM
27.6
32.0
15.99%
AVG SP
$642,947
$625,568
-2.70%
SP/OLP
99.0%
98.7%
-0.30%
Detached # OF UNITS
DOM
Attached
Condo
23 N St NW | SOLD
338 Elm St NW | SOLD
1010 Massachusetts Ave NW #7 | SOLD
460 New York Ave NW #803 | SOLD
1133 6th St NW #2 | SOLD
641 Massachusetts Ave | SOLD
519 8th St NE | SOLD
229 8th St SE | SOLD
741 10th St SE | SOLD
1620 Massachusetts Ave SE #1 | SOLD
capitol hill, eckington
Detached # OF UNITS
DOM
AVG SP
SP/OLP
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
6
13
116.67%
49.2
13.2
-73.15%
$1,191,917
$926,600
-22.26%
94.0%
101.1%
7.61%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
475
478
0.63%
DOM
26.2
27.2
3.68%
AVG SP
$803,025
$842,487
4.91%
SP/OLP
99.3%
100.0%
0.75%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
324
335
3.40%
DOM
28.8
28.5
-0.97%
AVG SP
$490,281
$523,073
6.69%
SP/OLP
99.2%
99.6%
0.45%
Attached
Condo
Capitol Hill straddles both the NE and SE quadrants. It is one of the oldest residential communities in D.C. From its inception, the area surrounding the U.S. Capitol was a desirable location for Congressman and Senators to set up temporary residence. It is home to a number of American landmarks, including the Supreme Court and the Library of Congress, and luminaries like John Philip Sousa, Frederick Douglass and J. Edgar Hoover resided here. The Capitol Hill Historic District is on the National Register of Historic Places and is the largest residential historic area in the District. The street plan remains a testament to L’Enfant’s vision; wide avenues feature lines of well-maintained row houses reflecting a range of different styles, from stately, Federal townhomes to smaller frame residences. While many of the Hill’s residents still seek temporary living accommodations, there are lots who make Capitol Hill their permanent “headquarters.” Those who stake a claim have unprecedented access to an eclectic mix of contemporary restaurants and boutiques, and the National Mall and the Smithsonian Museums are only a short walk away. Eastern Market, which features fresh food, craft stands and other artisanal booths, attracts a considerable crowd on the weekends, especially during the spring and summer months. Eckington, one of D.C.’s oldest neighborhoods, is named for an 18th century country estate, and is known to be a tight knit community that succeeds in preserving the small town feel in the midst of busy Washington, D.C. Small and large retail businesses thrive here and there is a mix of iconic row houses and small industries throughout Eckington. It’s close to downtown with good walkability and public transportation, plus colorful row houses and mature trees. Crispus Attucks Park is home to an extremely popular farmer’s market and other special events throughout the year.
adams morgan, dupont circle, columbia heights Adams Morgan is full of life, culture and history. Locals recognize the 18th Street Corridor for its nightlife, but don’t be fooled into thinking that the streets aren’t lively during the day. The neighborhood is known for its diversity, which is represented in the variety of cuisines and shops that line the streets. The warmer months attract D.C. residents from throughout the city for street festivals, farmers markets and other outdoor venues that sell food, art and other unique finds. Adams Morgan offers the benefits of city living with a warm neighborhood feel. The typical home in Adams Morgan is a 19th-20th century row house, filling the streets with recognizable character. Residents enjoy the close proximity of Woodley Park, the home of the National Zoo, and Columbia Heights, which offers additional restaurants and shops to explore, all within walking distance. DuPont Circle is perhaps most famously known for “Embassy Row,” where you will find the most embassies in one area along Massachusetts Avenue. Many open up their doors every Halloween for children for the annual embassy trick-or-treating event. DuPont Circle is one of the most sought after places to live in the city. It is a center for weekend nightlife and is one metro stop from Woodley Park/Adams Morgan and Farragut North. Warm weather brings folks from all over the city to the area, and you’ll see people picnicing in the circle or wandering the streets to window shop and admire the architecture. One of its more unique restaurants is Kramerbooks & Afterwords, which was D.C.’s first combination bookstore and café. Columbia Heights is one of the most architecturally diverse neighborhoods in the city. The architectural legacy is carried on by historic row houses mixed with mid-rise condominiums and apartments. New commercial developments and metro rail have reinvigorated the community and added to its charm. Residents are walking distance from Meridian Hill Park and the newly established Columbia Heights Heritage Trail, a walking tour that guides visitors past historic sites in the neighborhood.
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
5
---
-100.00%
10.2
---
-100.00%
AVG SP
$1,656,600
---
-100.00%
SP/OLP
99.7%
---
-100.00%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
180
166
-7.78%
DOM
27.6
42.0
52.11%
AVG SP
$1,146,287
$1,119,355
-2.35%
SP/OLP
99.4%
97.6%
-1.83%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
844
846
0.24%
DOM
32.2
34.4
6.80%
AVG SP
$568,616
$590,107
3.78%
SP/OLP
98.7%
99.0%
0.29%
Detached # OF UNITS
DOM
Attached
Condo
1458 T St NW | SOLD
762 Park Rd NW #2 | SOLD
2514 17th St NW #4 | SOLD
1511 28th St NW | SOLD
4707 Connecticut Ave NW #414 | SOLD
3701 Connecticut Ave NW #439 | SOLD
3812 Calvert St NW | SOLD
2328 37th St NW | SOLD
georgetown, kalorama, north cleveland park, forest hills 2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
80
80
0.00%
83.8
65.6
-21.75%
AVG SP
$2,548,819
$2,089,990
-18.00%
SP/OLP
94.7%
94.3%
-0.39%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
125
131
4.80%
DOM
38.7
36.8
-4.96%
Detached # OF UNITS
DOM
Attached
AVG SP
$1,617,535
$1,677,963
3.74%
SP/OLP
97.0%
96.2%
-0.80%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
240
229
-4.58%
DOM
51.7
47.1
-8.98%
AVG SP
$654,633
$617,728
-5.64%
SP/OLP
96.1%
96.3%
0.25%
Condo
Georgetown is as fashionable of a place to live as it gets. Classic townhomes and stately federal, colonial and contemporary homes line quiet, narrow streets. The intersection of M Street and Wisconsin Avenue is a bustling center for commerce, dining and nightlife. There are ample bars, restaurants and clubs throughout Georgetown, and numerous stores and boutiques line the M Street and Wisconsin Avenue corridors. Georgetown’s Waterfront Park is a destination for residents and visitors alike. The C&O Canal is well maintained by the National Park Service and is excellent for running or biking. Kalorama and Kalorama Triangle offer a villagelike atmosphere within a bustling metropolitan area. Real estate options vary, from freestanding and attached homes, to apartments and condominiums. Rock Creek Park is easily accessible and is a wonderful outlet for action pursuits. Visitors and inhabitants alike should take note of the number of embassy buildings that can be found here. The National Zoo is only a short walk away. The treasures of DuPont Circle dining and nightlife lie just to the south. North Cleveland Park residents enjoy both living in a green and quiet D.C. neighborhood and the easy walking distance to restaurants and shops. The beautiful tree lined streets of North Cleveland Park really appeal to residents and set it apart from other neighborhoods. It is home to and several embassies and schools including the University of the District of Columbia Van Ness campus and several private schools. Forest Hills is a sophisticated neighborhood that features contemporary colonials and modern, single-family residences. There are several pockets of elegant townhomes as well as impressive apartments and condominiums. Rock Creek Park provides a scenic backdrop to suburban pursuits. Numerous amenities can be found nearby including grocery and convenience stores, restaurants and metro services.
brightwood, friendship heights
Brightwood is a small, quiet residential area situated off of Georgia Avenue. Rock Creek Park offers a golf course, tennis courts, horse center and amphitheater. In addition to the park’s resources, Brightwood also has two recreational centers: Fort Stevens Recreation Center and Emery Recreation Center. Brightwood sets the stage for several festivals and community days, including the D.C. Caribbean Carnival Parade, Brightwood Day and Fort Stevens Day. Fort Stevens Day includes a full Civil War reenactment. The Brightwood Heritage Trail guides visitors around the community’s historic grounds. Friendship Heights boasts different housing options and architectural styles, a walkable neighborhood, easy Metro access thanks to the Red Line and lots of upscale shopping for residents. It is bounded by River Road to the southwest, Willard Avenue and Western Avenue to the north, 41st Street and Reno Road to the east and Chesapeake Street to the South and River Road to the southwest. The neighborhood is a mix of new and long-time residents who love the city life and the advantages of suburban shopping and activities. Residents can choose from a mix of condos, townhomes, row houses and single family homes as well as apartment buildings and high rise developments. There is a definitely a quiet suburban feel to some streets in Friendship Heights. Condos are found closer to the Red Line for people who appreciate a more urban downtown lifestyle. Friendship Heights appeals to young families who want to stay in the District, and offers something for everyone. Friendship Heights is famous for its fun shopping locations, and shoppers can choose from malls, to small boutiques and enjoy restaurants, too.
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
115
117
1.74%
DOM
36.5
30.7
-15.90%
AVG SP
$756,284
$848,662
12.21%
SP/OLP
97.5%
98.2%
0.74%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
248
277
11.69%
DOM
26.9
31.8
18.34%
AVG SP
$593,764
$645,273
8.67%
SP/OLP
99.8%
99.5%
-0.29%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
120
121
0.83%
DOM
44.8
33.6
-25.06%
AVG SP
$393,241
$420,629
6.96%
SP/OLP
98.9%
99.6%
0.67%
Detached
Attached
Condo
608 Emerson St NW | SOLD
6926 9thSt NW | SOLD 5511 Colorado Ave NW #402 | SOLD
18 Milmarson Pl NW | SOLD
4220 River Rd NW | SOLD
3827 Albemarle St NW | SOLD
4532 Macomb St NW | SOLD
au park, cleveland park, spring valley, chevy chase Detached # OF UNITS
DOM
AVG SP
SP/OLP
Attached # OF UNITS
DOM
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
199
186
-6.53%
35.7
23.6
-33.86%
$1,419,672
$1,437,877
1.28%
97.5%
99.3%
1.82%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
48
32
-33.33%
13.4
40.5
201.86%
AVG SP
$1,040,228
$999,817
-3.88%
SP/OLP
102.7%
99.7%
-2.88%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
190
156
-17.89%
DOM
58.3
58.7
0.62%
AVG SP
$426,812
$456,064
6.85%
SP/OLP
97.6%
95.3%
-2.31%
Condo
American University Park/Tenleytown is a comfortable, down-to-earth neighborhood that is a short distance from the downtown area. The community is easily walkable and a nearby Red line metro stop services residents and American University students. Notable developments in the community include the completion of the Tenleytown Library, a modern building close to the metro station. Residents also enjoy the convenience of Fort Reno, which offers great sledding in the winter, a perfect picnic spot in the spring and fall and free concerts in the summer. The architectural theme of Cleveland Park reflects an eclectic blend of Queen Anne, Mission Revival and Georgian Revival styles. Elegant single-family detached homes and townhomes lend an air of prestige to a community that has housed many prominent Americans. Cleveland Park is, in essence, a small town in a big city. Cleveland Park residents are a short walk to both the National Zoo and the National Cathedral. There are many restaurants that cater to a wide variety of tastes. Nearby Rock Creek Park hosts plenty of trails suited for running and biking. Spring Valley is a classic, friendly suburban neighborhood. Spring Valley is primarily residential with stately homes and tree-filled yards, making you forget that you are close to the city-limits. Yet despite being residential, there are still commercial areas located nearby in Tenleytown and Friendship Heights. Chevy Chase, D.C. was developed in conjunction with Chevy Chase, M.D. Both were part of the vision shared by Senator Francis Newlands and William Stewart, who foresaw the future value of land northwest of the nation’s Capital. The two men bought thousands of acres of land along modern day Connecticut Avenue, and transferred the rights to their Chevy Chase Land Company. Rock Creek Park provides plenty for residents seeking an outdoor fix. The Chevy Chase Recreation Center features a Little League baseball field, basketball courts and playground. There are numerous restaurants and boutique eateries throughout the area.
southwest/southwest waterfront
As the name would suggest, the Southwest Waterfront is located in the District’s Southwest quadrant at the meeting point of the Potomac and Anacostia Rivers. The Southwest Waterfront started as the home to Fort McNair, established in 1791. Following the Civil War, the Waterfront was hit hard, and one of the few things that held it together were incoming European immigrants and freed slaves who started their new lives there. As the neighborhood struggled, Congress developed an urban renewal plan to build the Waterfront from ground up to promote economic development. Only a few establishments made it through the re-development period, including the Maine Avenue Fish Market, Wheat Row townhouses, the Thomas Law House and St. Dominic’s and Friendship Churches. The crown jewel of the southwest waterfront is The Wharf, a $2 billion mixed use development that has transformed the area. The Wharf reconnects residents to their waterfront with its unparalleled views, free kayak and paddleboard launch, sailing center, ferry to East Potomac Park, water taxi service to area attractions, and sightseeing cruises. For boaters there are day docks and boat slips. Phase 1 of the threephase development opened in October 2017, and when complete, the site will blend with cultural space to create a vibrant, amenity-rich, 24-hour neighborhood for District residents and visitors alike. With easy access to Washington Nationals Park, DC United’s brand new Audi Field and scores of new restaurants, the southwest waterfront is one of the most uniquely connected and accessible neighborhoods in Washington DC.
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
---
---
---
DOM
---
---
---
AVG SP
---
---
---
SP/OLP
---
---
---
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
9
7
-22.22%
18.2
61.3
236.40%
AVG SP
$702,306
$779,143
10.94%
SP/OLP
100.3%
97.6%
-2.69%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
114
96
-15.79%
DOM
31.9
36.3
13.62%
AVG SP
$415,773
$503,812
21.17%
SP/OLP
99.0%
98.6%
-0.35%
Detached
Attached # OF UNITS
DOM
Condo
609 7th St SW | SOLD
723 Capitol Sq Pl SW | SOLD
1007 Taylor St NE | SOLD
4423 13th St NE | SOLD
2881 Chancellors Way NE | SOLD
brookland, langdon
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
111
90
-18.92%
DOM
34.4
37.7
9.52%
AVG SP
$589,051
$665,872
13.04%
SP/OLP
98.2%
96.9%
-1.33%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
120
118
-1.67%
DOM
29.4
29.7
0.99%
AVG SP
$578,524
$561,395
-2.96%
SP/OLP
99.2%
98.8%
-0.39%
Detached
Attached
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
45
51
13.33%
24.4
43.1
76.32%
AVG SP
$375,556
$382,486
1.85%
SP/OLP
99.9%
99.5%
-0.43%
Condo # OF UNITS
DOM
Like many other DC neighborhoods, Brookland’s growth was spurred by the arrival of a major transportation line. In this case ,the Baltimore and Ohio Railroad ran its Western Branch Line through Brookland in the 1870s. The main residence at the time was the Brooks Mansion, home to Colonel Jehiel Brooks and from which the community takes its name. Washington’s streetcars eventually expanded to Brookland, helping to develop a middle class suburb just beyond the Catholic University of America Campus and Brooks Mansion. Brookland real estate is primarily residential. It offers a quiet, welcoming environment that is enjoyed by all. Old row houses and bungalows stand as a testament to an older era. Brookland’s agrarian past lives on in the community’s popular gardening culture, which is supported by the Franciscan Monastery’s herb and plant sale. Langdon is known as D.C.’s “quiet corner”. Located in the northeast quadrant, Langdon’s borders are New York Avenue to the south, Montana Avenue to the southwest, Rhode Island Avenue to the northwest, South Dakota Avenue to the northeast and Bladensburg Road to the southeast. Residents will find unique singlefamily homes, cute bungalows, and Cape Cods, where neighbors enjoy the quiet, green spaces from their large lots, backyards and porches. Langdon also offers apartments, public housing, a retirement home and an industrial business area. The Langdon Park Community Center provides excellent recreation opportunities thanks to the hiking trails, swimming pool, basketball and tennis courts, along with a nice dog and skate parks. There is a a public library branch in Langdon. Langdon has a community garden, and a popular weekly Farmers Market. Langdon’s industrial area in the south and waste management site are looking to improve their appearance and integration into Langdon’s plan to increase new businesses with mixed use development around Rhode Island Avenue.
anacostia
River. In reality, it is much smaller than that. Anacostia is located in the 8th Ward and bordered by the Anacostia and Potomac rivers on the west, Southern Avenue on the east and Good Hope and Naylor roads to the north. In the 19th Century, famous Americans like Frederick Douglass called Anacostia home. Douglas was known for buying the “Cedar Hill� estate in 1877 where he lived until he died; it is now a tourist destination. There is a sense of community among the 71,000 residents in the greater Anacostia area,. While Anacostia was designed with business and trade in mind, due to its proximity to the river, many residents are proud to have lived in Anacostia for their entire lives. Some streets look much like they did 50 years ago with frame row houses and apartments that are mostly Italianate and Cottage style but there is significant new home construction and renovation that is transforming the area.
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
154
148
-3.90%
DOM
38.0
39.8
4.79%
AVG SP
$352,140
$382,479
8.62%
SP/OLP
96.6%
95.9%
-0.77%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
# OF UNITS
355
382
7.61%
DOM
36.3
32.2
-11.27%
AVG SP
$292,068
$317,252
8.62%
SP/OLP
98.8%
99.2%
0.41%
2017 First Half
2018 First Half
% CHG (1H17 vs 1H18)
65
92
41.54%
68.3
43.3
-36.61%
AVG SP
$102,460
$127,965
24.89%
SP/OLP
92.3%
97.9%
6.06%
Detached
Attached
Condo # OF UNITS
DOM
1141 46th Pl SE | SOLD
4341 F St SE | SOLD
2518 Sayles Pl SE #1 | SOLD
Woodcrest Villas | 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
14th Street Office 1803 14th Street NW Washington, DC 20009 o +1 202 903 2200 McEnearney.com
Spring Valley Office 4315 50th Street NW Washington, DC 20016 o +1 202 552 5600 McEnearney.com
Data derived from the MRIS Multiple Listing System and are believed reliable, but not guaranteed.