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FIRST QUARTER 2015

MARKET REPORT WASHINGTON, DC

MARYLAND

VIRGINIA

A COMPREHENSIVE ANALYSIS OF THE RESIDENTIAL REAL ESTATE MARKET IN THE WASHINGTON METROPOLITAN AREA 10411 NEW ASCOT DRIVE, GREAT FALLS VA | LISTED FOR $7,995,000


O

n behalf of TTR Sotheby’s International Realty, we are pleased to present this comprehensive market analysis of the Washington metropolitan area for the first quarter of 2015. Despite record-setting cold and precipitation since the first of the year, the real estate market continues to perform well, and sales across the Mid-Atlantic Region increased approximately 19% versus the first quarter last year. Sales activity in Washington, DC, Northern Virginia and Montgomery County increased across the board, and listing inventory increased in all three jurisdictions, offering prospective buyers a greater range of choices. As we witnessed in 2014, those markets in close proximity to good transportation infrastructure and job centers continue to outperform other markets. Northern Virginia led the region in the first quarter with sales increasing 16% versus the first quarter of last year, and submarkets which struggled in 2014 appear to be gaining significant momentum. Great Falls, Virginia, as an example, achieved a year over year increase in sales of approximately 60% in the first quarter of 2015 versus the same period last year. Further distance from sequestration and federal budget cuts of 2013 appears to be giving many buyers in the region’s suburbs greater confidence to step back into the market. The key indicator of that renewed strength will be 2nd Quarter results which historically provide an important gauge of market activity for the entire year.

TTR Sotheby’s International Realty continues to outperform other major brokerage firms and achieve record-setting sales, including the highest private sale in the region so far this year of an important residence for $15.75 m. Commensurate with that growth, TTR Sotheby’s International Realty is further strengthening its commitment to leadership in the communities where we work and live. In the month of April, we are proud to serve as the lead sponsor of the Georgetown House Tour which supports St. John’s Church and its programs to assist at-risk families. In May, we continue our passionate support of Life With Cancer at the annual Lobster Extravanganza, and we kick-off our series of exhibitions supporting the local arts community in partnership with the historic Athenaeum in Old Town Alexandria. As important as our financial support, we are weekly front and center among the volunteers, hosts and workers lending a hand wherever we can. Finally, as Washington becomes increasingly connected to worldwide markets, strong global connections are more important than ever. With unrivaled access to the Sotheby’s International Realty global network of 700 offices in 53 countries, we are well positioned to answer questions and introduce you to an expert in virtually any market in the United States and around the world.

1045 31st St NW #506, Washington DC | LISTED FOR $2,500,000

Thank you again for the trust you continue to place in us. We hope the Spring season brings great happiness to you and your family, and we look forward to seeing you in the community in the months ahead. ALEXANDRIA 400 S Washington Street Alexandria, VA 22314 703 310 6800

2

TTRSIR.COM

FIRST QUARTER 2015

GEORGETOWN 1206 30th Street NW Washington, DC 20007 202 333 1212

DOWNTOWN 1506 14th Street NW Washington, DC 20005 202 234 3344

CHEVY CHASE 5454 Wisconsin Avenue Chevy Chase, MD 20854 301 967 3344

McLEAN 6723 Whittier Avenue McLean, VA 22101 703 319 3344

TTRSIR LUXURY REPORT

3


O

n behalf of TTR Sotheby’s International Realty, we are pleased to present this comprehensive market analysis of the Washington metropolitan area for the first quarter of 2015. Despite record-setting cold and precipitation since the first of the year, the real estate market continues to perform well, and sales across the Mid-Atlantic Region increased approximately 19% versus the first quarter last year. Sales activity in Washington, DC, Northern Virginia and Montgomery County increased across the board, and listing inventory increased in all three jurisdictions, offering prospective buyers a greater range of choices. As we witnessed in 2014, those markets in close proximity to good transportation infrastructure and job centers continue to outperform other markets. Northern Virginia led the region in the first quarter with sales increasing 16% versus the first quarter of last year, and submarkets which struggled in 2014 appear to be gaining significant momentum. Great Falls, Virginia, as an example, achieved a year over year increase in sales of approximately 60% in the first quarter of 2015 versus the same period last year. Further distance from sequestration and federal budget cuts of 2013 appears to be giving many buyers in the region’s suburbs greater confidence to step back into the market. The key indicator of that renewed strength will be 2nd Quarter results which historically provide an important gauge of market activity for the entire year.

TTR Sotheby’s International Realty continues to outperform other major brokerage firms and achieve record-setting sales, including the highest private sale in the region so far this year of an important residence for $15.75 m. Commensurate with that growth, TTR Sotheby’s International Realty is further strengthening its commitment to leadership in the communities where we work and live. In the month of April, we are proud to serve as the lead sponsor of the Georgetown House Tour which supports St. John’s Church and its programs to assist at-risk families. In May, we continue our passionate support of Life With Cancer at the annual Lobster Extravanganza, and we kick-off our series of exhibitions supporting the local arts community in partnership with the historic Athenaeum in Old Town Alexandria. As important as our financial support, we are weekly front and center among the volunteers, hosts and workers lending a hand wherever we can. Finally, as Washington becomes increasingly connected to worldwide markets, strong global connections are more important than ever. With unrivaled access to the Sotheby’s International Realty global network of 700 offices in 53 countries, we are well positioned to answer questions and introduce you to an expert in virtually any market in the United States and around the world.

1045 31st St NW #506, Washington DC | LISTED FOR $2,500,000

Thank you again for the trust you continue to place in us. We hope the Spring season brings great happiness to you and your family, and we look forward to seeing you in the community in the months ahead. ALEXANDRIA 400 S Washington Street Alexandria, VA 22314 703 310 6800

2

TTRSIR.COM

FIRST QUARTER 2015

GEORGETOWN 1206 30th Street NW Washington, DC 20007 202 333 1212

DOWNTOWN 1506 14th Street NW Washington, DC 20005 202 234 3344

CHEVY CHASE 5454 Wisconsin Avenue Chevy Chase, MD 20854 301 967 3344

McLEAN 6723 Whittier Avenue McLean, VA 22101 703 319 3344

TTRSIR LUXURY REPORT

3


WASHINGTON, DC Statistics for single family home sales across various neighborhoods of Washington, DC.

AMERICAN UNIVERSITY

CLEVELAND PARK

Q1 2014

Q1 2015

%

14

17

21%

AVG SOLD PRICE

$1,005,179

$972,044

-3%

DAYS ON MARKET

14

24

71%

Q1 2014

Q1 2015

%

CAPITOL HILL

28

29

4%

UNITS SOLD

AVG SOLD PRICE

$2,106,448

$1,657,891

-21%

DAYS ON MARKET

135

53

-61%

Q1 2014

Q1 2015

%

UNITS SOLD

GEORGETOWN UNITS SOLD

CHEVY CHASE UNITS SOLD

Q1 2014

Q1 2015

%

10

12

20%

AVG SOLD PRICE

$1,644,075

$1,411,000

-14%

DAYS ON MARKET

29

34

17%

Q1 2014

Q1 2015

%

60

61

2%

AVG SOLD PRICE

$819,401

$903,658

10%

DAYS ON MARKET

48

26

-46%

Q1 2014

Q1 2015

%

UNITS SOLD

DUPONT

23

26

13%

UNITS SOLD

7

4

-43%

AVG SOLD PRICE

$1,174,262

$1,127,167

-4%

AVG SOLD PRICE

$2,472,957

$1,657,750

-33%

DAYS ON MARKET

27

80

196%

DAYS ON MARKET

137

76

-45%

Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

3223 Morrison St NW, Washington DC | SOLD FOR $1,750,000

FOREST HILLS

Q1 2014

Q1 2015

%

4

3

-25%

AVG SOLD PRICE

$1,257,500

$1,352,333

8%

DAYS ON MARKET

67

103

54%

Q1 2014

Q1 2015

%

UNITS SOLD

MOUNT PLEASANT UNITS SOLD

TTRSIR.COM

%

8

9

13%

AVG SOLD PRICE

$981,729

$863,333

-12%

DAYS ON MARKET

20

15

-25%

Q1 2014

Q1 2015

%

UNITS SOLD

SPRING VALLEY

13

9

-30%

7

7

0%

$858,115

$882,778

3%

AVG SOLD PRICE

$1,749,321

$1,626,429

-7%

DAYS ON MARKET

50

14

-72%

DAYS ON MARKET

57

60

5%

KALORAMA

Q1 2014

Q1 2015

%

WESLEY HEIGHTS

Q1 2014

Q1 2015

%

UNITS SOLD

6

6

0%

UNITS SOLD

7

6

-14%

AVG SOLD PRICE

$1,851,507

$2,642,167

43%

AVG SOLD PRICE

$1,317,357

$1,343,175

2%

DAYS ON MARKET

28

72

157%

DAYS ON MARKET

153

37

-76%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

5

6

20%

0

1

N/A

AVG SOLD PRICE

$1,155,600

$1,731,333

50%

AVG SOLD PRICE

0

$5,600,000

N/A

DAYS ON MARKET

18

63

250%

DAYS ON MARKET

0

19

N/A

UNITS SOLD

4

Q1 2015

AVG SOLD PRICE

LOGAN

3218 Volta Place NW, Washington DC | LISTED FOR $3,199,900

Q1 2014

GLOVER PARK/BURLEITH

FIRST QUARTER 2015

UNITS SOLD

MASS. AVE HEIGHTS UNITS SOLD

Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

TTRSIR LUXURY REPORT

5


WASHINGTON, DC Statistics for single family home sales across various neighborhoods of Washington, DC.

AMERICAN UNIVERSITY

CLEVELAND PARK

Q1 2014

Q1 2015

%

14

17

21%

AVG SOLD PRICE

$1,005,179

$972,044

-3%

DAYS ON MARKET

14

24

71%

Q1 2014

Q1 2015

%

CAPITOL HILL

28

29

4%

UNITS SOLD

AVG SOLD PRICE

$2,106,448

$1,657,891

-21%

DAYS ON MARKET

135

53

-61%

Q1 2014

Q1 2015

%

UNITS SOLD

GEORGETOWN UNITS SOLD

CHEVY CHASE UNITS SOLD

Q1 2014

Q1 2015

%

10

12

20%

AVG SOLD PRICE

$1,644,075

$1,411,000

-14%

DAYS ON MARKET

29

34

17%

Q1 2014

Q1 2015

%

60

61

2%

AVG SOLD PRICE

$819,401

$903,658

10%

DAYS ON MARKET

48

26

-46%

Q1 2014

Q1 2015

%

UNITS SOLD

DUPONT

23

26

13%

UNITS SOLD

7

4

-43%

AVG SOLD PRICE

$1,174,262

$1,127,167

-4%

AVG SOLD PRICE

$2,472,957

$1,657,750

-33%

DAYS ON MARKET

27

80

196%

DAYS ON MARKET

137

76

-45%

Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

3223 Morrison St NW, Washington DC | SOLD FOR $1,750,000

FOREST HILLS

Q1 2014

Q1 2015

%

4

3

-25%

AVG SOLD PRICE

$1,257,500

$1,352,333

8%

DAYS ON MARKET

67

103

54%

Q1 2014

Q1 2015

%

UNITS SOLD

MOUNT PLEASANT UNITS SOLD

TTRSIR.COM

%

8

9

13%

AVG SOLD PRICE

$981,729

$863,333

-12%

DAYS ON MARKET

20

15

-25%

Q1 2014

Q1 2015

%

UNITS SOLD

SPRING VALLEY

13

9

-30%

7

7

0%

$858,115

$882,778

3%

AVG SOLD PRICE

$1,749,321

$1,626,429

-7%

DAYS ON MARKET

50

14

-72%

DAYS ON MARKET

57

60

5%

KALORAMA

Q1 2014

Q1 2015

%

WESLEY HEIGHTS

Q1 2014

Q1 2015

%

UNITS SOLD

6

6

0%

UNITS SOLD

7

6

-14%

AVG SOLD PRICE

$1,851,507

$2,642,167

43%

AVG SOLD PRICE

$1,317,357

$1,343,175

2%

DAYS ON MARKET

28

72

157%

DAYS ON MARKET

153

37

-76%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

5

6

20%

0

1

N/A

AVG SOLD PRICE

$1,155,600

$1,731,333

50%

AVG SOLD PRICE

0

$5,600,000

N/A

DAYS ON MARKET

18

63

250%

DAYS ON MARKET

0

19

N/A

UNITS SOLD

4

Q1 2015

AVG SOLD PRICE

LOGAN

3218 Volta Place NW, Washington DC | LISTED FOR $3,199,900

Q1 2014

GLOVER PARK/BURLEITH

FIRST QUARTER 2015

UNITS SOLD

MASS. AVE HEIGHTS UNITS SOLD

Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

TTRSIR LUXURY REPORT

5


VIRGINIA

MARYLAND

Statistics for single family home sales across various neighborhoods of Northern Virginia.

Statistics for single family home sales across various neighborhoods of Maryland.

BETHESDA

Q1 2014

Q1 2015

%

UNITS SOLD

137

136

-1%

AVG SOLD PRICE

$1,077,002

$1,166,711

8%

DAYS ON MARKET

55

93

69%

Q1 2014

Q1 2015

%

73

75

3%

AVG SOLD PRICE

$1,068,389

$1,055,812

-1%

DAYS ON MARKET

101

102

1%

Q1 2014

Q1 2015

%

45

29

-36%

AVG SOLD PRICE

$1,249,231

$1,281,300

3%

DAYS ON MARKET

74

71

-4%

POTOMAC UNITS SOLD

CHEVY CHASE UNITS SOLD

Source: MRIS, 1/1/2015-4/1/2015. Data deemed reliable, but not guaranteed.

6804 Whittier Blvd Bethesda, MD SOLD FOR $1,500,000

9325 Old Mansion Rd, Alexandria VA | LISTED FOR $3,195,000

ARLINGTON

Q1 2014

Q1 2015

%

McLEAN

UNITS SOLD

229

237

3%

UNITS SOLD

AVG SOLD PRICE

$802,092

$874,179

9%

DAYS ON MARKET

41

63

54%

Q1 2014

Q1 2015

%

158

182

AVG SOLD PRICE

$606,682

DAYS ON MARKET

Q1 2014

Q1 2015

%

90

85

-6%

AVG SOLD PRICE

$1,191,014

$1,215,553

2%

DAYS ON MARKET

105

98

-7%

ALEXANDRIA

Q1 2014

Q1 2015

%

15%

UNITS SOLD

188

231

23%

$641,713

6%

AVG SOLD PRICE

$679,324

$751,613

11%

50

56

12%

DAYS ON MARKET

46

68

48%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

23

37

61%

110

144

31%

AVG SOLD PRICE

$1,160,393

$1,171,828

1%

AVG SOLD PRICE

$802,921

$890,709

11%

DAYS ON MARKET

133

147

11%

DAYS ON MARKET

56

76

36%

FALLS CHURCH UNITS SOLD

GREAT FALLS UNITS SOLD

6

TTRSIR.COM

VIENNA UNITS SOLD

Source: MRIS, 1/1/2015-4/1/2015. Data deemed reliable, but not guaranteed.

9001 Congressional CT, Potomac, MD | LISTED FOR $5,200,000

FIRST QUARTER 2015

TTRSIR LUXURY REPORT

7


VIRGINIA

MARYLAND

Statistics for single family home sales across various neighborhoods of Northern Virginia.

Statistics for single family home sales across various neighborhoods of Maryland.

BETHESDA

Q1 2014

Q1 2015

%

UNITS SOLD

137

136

-1%

AVG SOLD PRICE

$1,077,002

$1,166,711

8%

DAYS ON MARKET

55

93

69%

Q1 2014

Q1 2015

%

73

75

3%

AVG SOLD PRICE

$1,068,389

$1,055,812

-1%

DAYS ON MARKET

101

102

1%

Q1 2014

Q1 2015

%

45

29

-36%

AVG SOLD PRICE

$1,249,231

$1,281,300

3%

DAYS ON MARKET

74

71

-4%

POTOMAC UNITS SOLD

CHEVY CHASE UNITS SOLD

Source: MRIS, 1/1/2015-4/1/2015. Data deemed reliable, but not guaranteed.

6804 Whittier Blvd Bethesda, MD SOLD FOR $1,500,000

9325 Old Mansion Rd, Alexandria VA | LISTED FOR $3,195,000

ARLINGTON

Q1 2014

Q1 2015

%

McLEAN

UNITS SOLD

229

237

3%

UNITS SOLD

AVG SOLD PRICE

$802,092

$874,179

9%

DAYS ON MARKET

41

63

54%

Q1 2014

Q1 2015

%

158

182

AVG SOLD PRICE

$606,682

DAYS ON MARKET

Q1 2014

Q1 2015

%

90

85

-6%

AVG SOLD PRICE

$1,191,014

$1,215,553

2%

DAYS ON MARKET

105

98

-7%

ALEXANDRIA

Q1 2014

Q1 2015

%

15%

UNITS SOLD

188

231

23%

$641,713

6%

AVG SOLD PRICE

$679,324

$751,613

11%

50

56

12%

DAYS ON MARKET

46

68

48%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

23

37

61%

110

144

31%

AVG SOLD PRICE

$1,160,393

$1,171,828

1%

AVG SOLD PRICE

$802,921

$890,709

11%

DAYS ON MARKET

133

147

11%

DAYS ON MARKET

56

76

36%

FALLS CHURCH UNITS SOLD

GREAT FALLS UNITS SOLD

6

TTRSIR.COM

VIENNA UNITS SOLD

Source: MRIS, 1/1/2015-4/1/2015. Data deemed reliable, but not guaranteed.

9001 Congressional CT, Potomac, MD | LISTED FOR $5,200,000

FIRST QUARTER 2015

TTRSIR LUXURY REPORT

7


SOTHEBY’S

OUTSTANDING FIRST QUARTER RESULTS TTR SOTHEBY’S INTERNATIONAL REALTY

SOTHEBY’S AUCTION HOUSE

Unrivalled in terms of its quality, presentation and historical significance, the Andrews Collection represents years of acquisition by lifelong enthusiast and successful entrepreneur, Paul Andrews, and his son Chris.

1. PARC SOMERSET 5630 WISCONSIN AVE #1105, CHEVY CHASE MD

2. THE HOLLAND HOUSE 415 WOLFE ST, ALEXANDRIA VA

3. 4722 DORSET AVE, CHEVY CHASE MD

4. 201 LEE ST, ALEXANDRIA VA

SOTHEBY’S INTERNATIONAL REALTY

Sotheby’s International Realty launched its new web site in April, which puts an emphasis on the power of video to showcase properties. Visit sir.com

SOTHEBY’S WINE

On 8 & 9 May 2015 Sotheby’s will offer the collection of financier and philanthropist Don Stott in the highest value single-owner wine sale it has staged in New York since 2006.

SOTHEBY’S DIAMONDS

Sotheby’s unveils an exceedingly rare 100.20-carat diamond as much a masterpiece of human skill and artistry as it is a miracle of nature - this spectacular gem has everything one could ever want in a diamond. 5. TURNBERRY TOWERS 1881 NASH ST #1901, ARLINGTON VA

SOTHEBY’S INSTITUTE OF ART

6. 2137 R ST NW, WASHINGTON DC

1. 5630 Wisconsin Avenue #1105, Chevy Chase MD 20815* | List Price $5,500,000 2. 415 Wolfe Street, Alexandria VA 22314 | List Price $5,200,000 3. 4722 Dorset Avenue, Chevy Chase MD 20815* | List Price $4,295,000 4. 201 Lee Street, Alexandria VA 22314 | List Price $3,985,000 5. 1881 Nash Street #1901, Arlington VA 22209 | List Price $3,875,000 6. 2137 R Street NW, Washington DC 20008 | List Price $3,275,000

Sotheby’s Institute of Art has a network of more than 6,000 alumni working in the art markets around the world.

*TTR Sotheby’s International Realty represented the buyer 8

TTRSIR.COM

FIRST QUARTER 2015

TTRSIR LUXURY REPORT

9


SOTHEBY’S

OUTSTANDING FIRST QUARTER RESULTS TTR SOTHEBY’S INTERNATIONAL REALTY

SOTHEBY’S AUCTION HOUSE

Unrivalled in terms of its quality, presentation and historical significance, the Andrews Collection represents years of acquisition by lifelong enthusiast and successful entrepreneur, Paul Andrews, and his son Chris.

1. PARC SOMERSET 5630 WISCONSIN AVE #1105, CHEVY CHASE MD

2. THE HOLLAND HOUSE 415 WOLFE ST, ALEXANDRIA VA

3. 4722 DORSET AVE, CHEVY CHASE MD

4. 201 LEE ST, ALEXANDRIA VA

SOTHEBY’S INTERNATIONAL REALTY

Sotheby’s International Realty launched its new web site in April, which puts an emphasis on the power of video to showcase properties. Visit sir.com

SOTHEBY’S WINE

On 8 & 9 May 2015 Sotheby’s will offer the collection of financier and philanthropist Don Stott in the highest value single-owner wine sale it has staged in New York since 2006.

SOTHEBY’S DIAMONDS

Sotheby’s unveils an exceedingly rare 100.20-carat diamond as much a masterpiece of human skill and artistry as it is a miracle of nature - this spectacular gem has everything one could ever want in a diamond. 5. TURNBERRY TOWERS 1881 NASH ST #1901, ARLINGTON VA

SOTHEBY’S INSTITUTE OF ART

6. 2137 R ST NW, WASHINGTON DC

1. 5630 Wisconsin Avenue #1105, Chevy Chase MD 20815* | List Price $5,500,000 2. 415 Wolfe Street, Alexandria VA 22314 | List Price $5,200,000 3. 4722 Dorset Avenue, Chevy Chase MD 20815* | List Price $4,295,000 4. 201 Lee Street, Alexandria VA 22314 | List Price $3,985,000 5. 1881 Nash Street #1901, Arlington VA 22209 | List Price $3,875,000 6. 2137 R Street NW, Washington DC 20008 | List Price $3,275,000

Sotheby’s Institute of Art has a network of more than 6,000 alumni working in the art markets around the world.

*TTR Sotheby’s International Realty represented the buyer 8

TTRSIR.COM

FIRST QUARTER 2015

TTRSIR LUXURY REPORT

9


CONDOS & CO-OP SALES Sales statistics for Washignton DC, Virginia, and Maryland.

WASHINGTON, DC CAPITOL HILL

Q1 2014

Q1 2015

%

KALORAMA

Q1 2014

Q1 2015

%

32

39

22%

UNITS SOLD

37

31

-16%

AVG SOLD PRICE

$392,944

$505,096

29%

AVG SOLD PRICE

$558,785

$671,928

20%

DAYS ON MARKET

42

47

12%

DAYS ON MARKET

43

69

60%

DOWNTOWN

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

UNITS SOLD

24

27

13%

UNITS SOLD

36

40

11%

AVG SOLD PRICE

$524,167

$578,059

10%

AVG SOLD PRICE

$588,667

$585,719

-1%

DAYS ON MARKET

39

44

13%

DAYS ON MARKET

42

35

-17%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

32

39

22%

UNITS SOLD

21

13

38%

AVG SOLD PRICE

$427,981

$522,056

22%

AVG SOLD PRICE

$555,467

$331,021

-40%

DAYS ON MARKET

54

47

13%

DAYS ON MARKET

38

69

82%

FOGGY BOTTOM/ WEST END

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

24

37

54%

UNITS SOLD

4

7

75%

AVG SOLD PRICE

$839,806

$715,149

-15%

AVG SOLD PRICE

$510,350

$613,408

20%

DAYS ON MARKET

86

49

-43%

DAYS ON MARKET

18

24

33%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

15

21

40%

UNITS SOLD

15

19

27%

AVG SOLD PRICE

$1,100,555

$1,022,305

-7%

AVG SOLD PRICE

$449,483

$500,600

11%

DAYS ON MARKET

73

117

60%

DAYS ON MARKET

91

60

-34%

UNITS SOLD

DUPONT UNITS SOLD

UNITS SOLD

GEORGETOWN UNITS SOLD

LOGAN

MOUNT PLEASANT

SHAW

WESLEY HEIGHTS/ CATHEDRAL

1700 Clarendon Blvd #117, Arlington VA | LISTED FOR $2,395,000

10779 Symphony Park Dr, Bethesda MD LISTED FOR $1,995,000 Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

1881 Nash St #TS09, Arlington VA | SOLD FOR $3,095,000

VIRGINIA ARLINGTON

Q1 2014

Q1 2015

%

McLEAN

UNITS SOLD

260

284

9%

UNITS SOLD

AVG SOLD PRICE

$401,469

$402,644

.3%

DAYS ON MARKET

41

60

46%

BETHESDA

Q1 2014

Q1 2015

%

UNITS SOLD

57

62

9%

UNITS SOLD

AVG SOLD PRICE

370,800

371,747

.2%

DAYS ON MARKET

54

56

4%

Q1 2014

Q1 2015

%

42

51

21%

AVG SOLD PRICE

$379,709

$385,353

2%

DAYS ON MARKET

47

89

89%

Q1 2014

Q1 2015

%

29

27

-7%

AVG SOLD PRICE

$678,493

$568,589

-16%

DAYS ON MARKET

28

88

214%

MARYLAND

2500 Virginia Ave NW #502/503B, Washington DC SOLD FOR $1,925,000

10

TTRSIR.COM

1601 5th St NW, Washington DC LISTED FOR $1,425,000

FIRST QUARTER 2015

CHEVY CHASE

Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

TTRSIR LUXURY REPORT

11


CONDOS & CO-OP SALES Sales statistics for Washignton DC, Virginia, and Maryland.

WASHINGTON, DC CAPITOL HILL

Q1 2014

Q1 2015

%

KALORAMA

Q1 2014

Q1 2015

%

32

39

22%

UNITS SOLD

37

31

-16%

AVG SOLD PRICE

$392,944

$505,096

29%

AVG SOLD PRICE

$558,785

$671,928

20%

DAYS ON MARKET

42

47

12%

DAYS ON MARKET

43

69

60%

DOWNTOWN

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

UNITS SOLD

24

27

13%

UNITS SOLD

36

40

11%

AVG SOLD PRICE

$524,167

$578,059

10%

AVG SOLD PRICE

$588,667

$585,719

-1%

DAYS ON MARKET

39

44

13%

DAYS ON MARKET

42

35

-17%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

32

39

22%

UNITS SOLD

21

13

38%

AVG SOLD PRICE

$427,981

$522,056

22%

AVG SOLD PRICE

$555,467

$331,021

-40%

DAYS ON MARKET

54

47

13%

DAYS ON MARKET

38

69

82%

FOGGY BOTTOM/ WEST END

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

24

37

54%

UNITS SOLD

4

7

75%

AVG SOLD PRICE

$839,806

$715,149

-15%

AVG SOLD PRICE

$510,350

$613,408

20%

DAYS ON MARKET

86

49

-43%

DAYS ON MARKET

18

24

33%

Q1 2014

Q1 2015

%

Q1 2014

Q1 2015

%

15

21

40%

UNITS SOLD

15

19

27%

AVG SOLD PRICE

$1,100,555

$1,022,305

-7%

AVG SOLD PRICE

$449,483

$500,600

11%

DAYS ON MARKET

73

117

60%

DAYS ON MARKET

91

60

-34%

UNITS SOLD

DUPONT UNITS SOLD

UNITS SOLD

GEORGETOWN UNITS SOLD

LOGAN

MOUNT PLEASANT

SHAW

WESLEY HEIGHTS/ CATHEDRAL

1700 Clarendon Blvd #117, Arlington VA | LISTED FOR $2,395,000

10779 Symphony Park Dr, Bethesda MD LISTED FOR $1,995,000 Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

1881 Nash St #TS09, Arlington VA | SOLD FOR $3,095,000

VIRGINIA ARLINGTON

Q1 2014

Q1 2015

%

McLEAN

UNITS SOLD

260

284

9%

UNITS SOLD

AVG SOLD PRICE

$401,469

$402,644

.3%

DAYS ON MARKET

41

60

46%

BETHESDA

Q1 2014

Q1 2015

%

UNITS SOLD

57

62

9%

UNITS SOLD

AVG SOLD PRICE

370,800

371,747

.2%

DAYS ON MARKET

54

56

4%

Q1 2014

Q1 2015

%

42

51

21%

AVG SOLD PRICE

$379,709

$385,353

2%

DAYS ON MARKET

47

89

89%

Q1 2014

Q1 2015

%

29

27

-7%

AVG SOLD PRICE

$678,493

$568,589

-16%

DAYS ON MARKET

28

88

214%

MARYLAND

2500 Virginia Ave NW #502/503B, Washington DC SOLD FOR $1,925,000

10

TTRSIR.COM

1601 5th St NW, Washington DC LISTED FOR $1,425,000

FIRST QUARTER 2015

CHEVY CHASE

Source: MRIS, 1/1/20154/1/2015. Data deemed reliable, but not guaranteed.

TTRSIR LUXURY REPORT

11


SOLD DOLLAR VOLUME

MEDIAN SOLD PRICE

AVERAGE DAYS ON MARKET

Q1 2015

% change

Q1 2015

% change

Q1 2015

% change

WASHINGTON, DC

$928,962,102

5%

$495,000

5%

49

-2%

ARLINGTON COUNTY, VA

$321,035,313

17%

$533,750

6%

60

39%

FAIRFAX COUNTY, VA

$1,370,652,917

11%

$450,000

5%

70

29%

ALEXANDRIA CITY, VA

$253,176,415

39%

$484,000

9%

71

37%

MONTGOMERY COUNTY, MD

$960,395,973

9%

$380,000

32%

75

32%

SAVE THE DATES

GEORGETOWN HOUSE TOUR SATURDAY, APRIL 25, 2015 Each year, the Georgetown House Tour opens a number of Georgetown’s most beautiful homes and their impressive gardens to benefit the programs of St. John’s Church.

georgetownhousetour.com

THE LOBSTER EXTRAVAGANZA SATURDAY, MAY 2, 2015 This annual fundraising event supports Life with Cancer® and its mission to enhance the quality of life of those affected by cancer.

lobsterextravaganza.org

THE BARK BALL SATURDAY, JUNE 20, 2015 The Bark Ball is a benefit gala in honor of Washington Humane Society, and it draws many of the area’s most illustrious residents and their four-legged friends.

washhumane.org/barkball

This material is based upon information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes, including price, or withdrawal without notice. ©MMXV Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated. SIR1

TTRSIR First Quarter Washington Market Report  
TTRSIR First Quarter Washington Market Report