Rock Creek Forest Y-T-D Sales — A Surprising Surge

Rock Creek ForestHow has the 2015 real estate market been in comparison to the previous year? Should you consider moving next year? Is now the right time to downsize? Or to unload that investment property?

As the year nears its end, we’ve been running the first preliminary stats. And the findings are surprising.

So far this year, 29 single family homes have sold on the Chevy Chase side of Rock Creek Forest (up from 23 in 2014 and 19 in 2013). And the year isn’t even over yet: 4 houses are currently under contract, bringing the potential count up to 33. Another 6 houses are actively on the market, so we might very well beat the 2007 record of 33 this year!

The closed prices, however, in this year’s sales have so far ranged from $480,500 to $1,199,000, with an average of $734,810. That’s below last years average of $804,000 — although that average was skewed by an outlier (an unusual contemporary on Washington Avenue that sold for more than $1.5M).

Final judgment will be reserved until all the numbers are in, but suffice it to say that it has been a much more lively and balanced market in 2015 than what we’ve seen in the previous years. The median time on the market has been 27 Days, with only a handful of homes either getting snatched up in bidding wars or sitting for extended periods of time. On average, homes have sold at about 97% of the list price. That means sellers finally got it right!

We will look at nearby Colonial Village and Shepherd Park next.

To see what’s on the market in Rock Creek Forest right now, click HERE.


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Waiting for a house? Take a Walk in the Woods

While you might still be waiting for the legendary spring market to present you with an abundance of new choices for a home to purchase, you can at least enjoy the amazing weather we’ve had.

Spring is exploding all around us.  We’re about a month ahead of schedule in comparison to recent years.  The cherry blossoms have come and gone.  Azaleas are just getting started, as are the dogwoods.  Daffodils are looking spent, and tulips are starting to wane.

I took my trusty hound, Willie, out for a spin today in Rock Creek Park.  He likes to drink from the creek, which is convenient, but slightly alarming.  Nothing bad has come from it, to date.  We run into a lot of other dogs on our walks.  My favorite is an overweight boxer… he’s a huge, happy fellow.  I’ll try to get a picture of him next time.

If you’re looking for a good place to run your mutt, this is it.   Rock Creek Park is rather large, after all.