1358 Kenyon Street NW
UrbanTurf usually stays away from publishing rankings or lists…except at the end of the year when we look back at the best that DC’s real estate scene had to offer during the previous 12 months. So, this whole week, we will be looking at not only the best, but the most intriguing and peculiar things that came across our radar over the course of 2013.
For years, one of the most popular articles on UrbanTurf has been Deal of the Week. Anything that implies a bargain gets a reader’s attention, particularly when it comes to real estate.
Due to the scorching nature of the DC area housing market in 2013, however, we had to shelve that series in favor of a couple articles that were more in line with the climate of the market.
Above Asking started when it became clear that the competitive nature of the market meant that virtually any attractive, reasonably-priced home on the market would garner the attention of several buyers and the asking price would be pushed northward. In six DC zip codes, homes sold on average for above their listing price for the entire calendar year.
To complement Above Asking, we also started Multiple Bids, a counterpoint to Deal of the Week in which we picked out homes on the market that we felt would result in a number of buyers making offers.
Here are some of the more noteworthy examples of how the two article series intersected this year:
- This five-level Columbia Heights Victorian was listed for $899,000 and sold for well over $1 million.
- A four-bedroom rowhouse on Hobart Street in Mount Pleasant was listed for $849,000 and ultimately sold for $151,000 more.
Fans of Deal of the Week, fear not. Look for the series to return next year as the market cools from the very hot streak that it has been on.
Note: At the request of the owner, we have taken out information about the Truxton Circle house previously mentioned in this piece.
This article originally published at https://dc.urbanturf.com/articles/blog/best_signs_of_dcs_hot_housing_market_above_asking_and_multiple_bids/7932.
Most Popular... This Week • Last 30 Days • Ever
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
When sellers haven't quite lined up their next house before their settlement date com... read »
In this edition of First-Timer Primer, we look into the question of how to determine ... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Here's what you need to know about reporting profit made from the sale of your home.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
In this edition of First Timer Primer, we take a closer look at what you are actually... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
A recent transaction shows that the housing market isn't cooling off everywhere.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro