The DC area is not known for the very high home prices of New York or Los Angeles. But one wouldn’t necessarily know that based on recent activity in the housing market.
DC Architect Carmel Greer Is Selling Her Incredibly Stylish Home
You might remember the pink living room from Elle Decor s feature about the house.
Photo by Stacy Zarin Goldberg.
Carmel Greer only finished designing and building her family’s seven-bedroom house in DC’s Kent neighborhood in 2018. But the architect and owner of District Design says Covid made her and her husband realize they could do much of their jobs remotely. So, in the middle of the pandemic last winter, they bought a farm and vineyard in Albemarle County, near Charlottesville. “We have family there,” says Greer. “It’s so gorgeous, and we always thought we’d move there, maybe when we’re older. But we never thought we’d be able to move there so soon.”
Covid-19 Kindled Washington, D.C.’s Luxury Market. The New Administration Could Make it Even Hotter.
The pandemic lit a fire under the city’s high-end home market. Real-estate agents say it could become even more competitive, as President Biden appointees descend on the U.S. capital By Katherine Clarke |
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Cesar Olivares
Cesar Olivares
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For many years, Michael Stock said he never considered selling his handsome Beaux-Arts Revival-style home on Washington, D.C.’s prestigious Embassy Row not even when representatives from a nearby embassy stopped by with a case of wine and an unsolicited bid of interest.
Then the pandemic happened, sending the local luxury real-estate market on an unstoppable hot streak. The rise in prices, combined with the promise of fresh demand spurred by an incoming presidential administration, proved too good to pass up: Mr. Stock listed his home, which he bought in 2008 and spent years restoring,
One Part of D.C. Unlikely to See a Shake-Up? Its Real Estate Market
Usually the first boom is in the rental market, high-end brokers say By Michele Lerner |
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A condo in this Connecticut Avenue, Washington D.C., apartment building, was recently sold for $2.75 million. HomeVisit
A condo in this Connecticut Avenue, Washington D.C., apartment building, was recently sold for $2.75 million.
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When the White House welcomes its new residents later this week, a few other upscale homes in Washington, D.C., are also likely to change hands. But D.C. insiders say the U.S. capital’s housing market remains relatively stable even when the reigning political party changes.