If you want to buy a house in one of the popular neighborhoods in upper Northwest Washington, and if your price point is less than $1 million, you don't have a whole lot to choose from. In fact, in the zip codes of 20008, 20015 and 20016, thre are a total of 27 homes for sale in your price range.
To make things even crazier, they are flying off the shelf, often with bloody bidding wars that escalate the prices to more than the people looking in this range can afford.
Here's how it breaks down:
American University Park: there are only two properties in this neighborhood. Both were listed today, and I'll eat my real estate license if they last more than a week.
Chevy Chase: there are 11 homes for sale in Chevy Chase. Many of them are small, many need work, and there are some that have been around for longer than a week, opening up the possibility of buying sans bidding war.
Forest Hills: has 3 homes just under $1 million. One is a cute bungalow that has been around three months. The sellers are probably getting sick of keeping it spotless. It could be an opportunity.
North Cleveland Park: there are five homes in this popular neighborhood. They are all priced in the $800's and don't look bad at all.
If you are looking for a home in one of these neighborhoods, you will need a good strategy for making an offer that will work. I can help you with that.
If you are planning a move to or from the Washington, DC metropolitan area, I can help. I am licensed in DC, Maryland and Virginia. Please email me at Housepat@mac.com or call 202-549-5167.