DMV Weekly Market Update

**Podcast Description: Washington, D.C. and Northern Virginia Real Estate Market Update** Join Cassidy Burns from BPG Residential for the latest real estate market update in Washington, D.C. and Northern Virginia. In this episode, Cassidy covers the period from May 29th to the first week of June, June 4th, focusing on key market trends. There is a gradual decline in interest rates, currently at 7.25%. The market statistics highlight the high number of new listings in the D.C. condo space (175 units listed). Also, Cassidy provides details on the single-family housing market in both D.C. and Northern Virginia, including information on listings, contracts, sales, average days on the market, and average purchase prices. Tune in to stay informed about the latest happenings in the Washington, D.C. and Northern Virginia residential real estate markets.

May 22nd- 28th - DMV Weekly Market Update

May 15th- 21st - DMV Weekly Market Update

Welcome to the DMV Market Update podcast with Cassidy Burns from BPG Residential. In this episode, we'll cover the real estate market in DMV (Northern Virginia and Washington DC) from May 1st to May 7th. Highlights include a slight decrease in interest rates. In the DC condo market, buyers enjoyed a 1.5% discount off the list price, while in the single-family market, buyers paid around 1% above the list price. The DC multifamily market saw increased activity. In Northern Virginia, condos sold at 99.1% of the list price, while single-family houses sold at 2.6% above the list price. Notably, the Northern Virginia single-family market is highly competitive, with more houses selling than being listed. Stay informed with Cassidy every week!

In this episode of the BPG Residential podcast, Cassidy Burns provides a comprehensive review of the real estate market in Washington DC and Northern Virginia from April 17th to April 23rd.    Here are the key highlights: - Interest rates remained stable, providing a favorable environment for potential buyers. - The DC and Northern Virginia markets are showing active buyer demand and competitive selling conditions. - For DC condo buyers, it's a good time to explore options, but be prepared for competition and act swiftly. DC home sellers should price competitively and be prepared for a quick sale, while buyers should be proactive and ready to make strong offers. - Northern Virginia condo buyers should act promptly and be prepared to negotiate with sellers. Northern Virginia home sellers should price strategically and be prepared for multiple offers. Overall, both the DC and Northern Virginia markets show active buyer demand and competitive selling conditions. It's advisable for both buyers and sellers to work with experienced real estate professionals for guidance and support.   Stay tuned for our weekly episodes, where we'll keep you informed and empowered in the ever-changing real estate landscape. Happy investing!

April 10th-16th - DMV Weekly Market Update

Welcome to BPG Weekly Market Update! Get real estate market insights for Washington DC and Northern Virginia. Hosted by Cassidy Burns and BPG Residential, we bring you the latest updates, analysis, and tips to navigate the dynamic world of real estate. Let's dive in! **Market Update (April 3rd - April 9th):** - Washington DC and Northern Virginia real estate markets remain active and competitive. - Interest rates have slightly increased, but there is still significant demand in both areas. **DC Market Highlights:** - Condo market: Healthy number of listings, contracts, and sales. High selling price compared to the list. - Single-family homes: Strong activity, high average purchase price, and high selling price compared to the list. - Small multifamily properties: Increased interest. **Northern Virginia Market Highlights:** - Condo and single-family home markets: High levels of activity. High selling price compared to the list. - Single-family homes: Particularly competitive, with many properties under contract and sold. Considering these factors, investing in the real estate market in Washington DC and Northern Virginia during this period could be promising. However, it's important to evaluate properties, conduct market research, and consult with professionals for informed decisions. Remember to consider your financial situation, goals, and risk tolerance. Seek advice from a financial advisor or real estate professional for personalized guidance. Stay tuned for our weekly episodes, where we'll keep you informed and empowered in the ever-changing real estate landscape. Happy investing!

March 27th- April 2nd - DMV Weekly Market Update

March 6th-11th - DMV Weekly Market Update

Welcome to the DMV Weekly Market Update Podcast, your trusted source for the latest insights and trends in the real estate market in Washington DC, Arlington, Alexandria, Annandale, Falls Church, and Potomac! In each episode, we provide a comprehensive overview of the market update for the week, empowering you to make informed decisions for your real estate investments. Join us as we explore the latest trends and key indicators shaping the DMV real estate landscape. We discuss changes in property prices, inventory levels, market demand, and factors influencing the market, such as economic conditions, government policies, and local developments. Stay tuned for our weekly episodes, where we'll keep you informed and empowered in the ever-changing real estate landscape. Happy investing!

DMV Weekly Market Update- January 24th- 30th

Average Interest Rate: 5.12% DC Condos Sold: 86 Days on Market: 41 Average Purchase Price: $535,941 Sold vs list: 97.8% DC Single Family Sold: 64 Days on market: 33 Average Purchase Price: $1,231,229       Sold vs list: 100.1 %   -------------------------------------------   Average Interest Rate: 5.12% NOVA Condos Sold: 103 Days on Market: 22 Average Purchase Price: $434,944 Sold vs list: 99.5% NOVA Single Family Sold: 170 Days on market: 16 Average Purchase Price: $1,033,065 Sold vs list: 99.7% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 5.37% DC Condos Sold: 70 Days on Market: 27 Average Purchase Price: $555,469 Sold vs list: 99.2% DC Single Family Sold: 57 Days on market: 26 Average Purchase Price: $1,318,868       Sold vs list: 100.4 %     ---------------------------------   Average Interest Rate: 5.37% NOVA Condos Sold: 86 Days on Market: 19 Average Purchase Price: $404,465 Sold vs list: 99.2% NOVA Single Family Sold: 149 Days on market: 13 Average Purchase Price: $947,646 Sold vs list: 100.4% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 5.52% DC Condos Sold: 79 Days on Market: 34 Average Purchase Price: $606,019 Sold vs list: 99.3% DC Single Family Sold: 90 Days on market: 20 Average Purchase Price: $1,209,219       Sold vs list: 101.2 %     ------------------------------------ Average Interest Rate: 5.52% NOVA Condos Sold: 103 Days on Market: 21 Average Purchase Price: $410,619 Sold vs list: 99.8% NOVA Single Family Sold: 177 Days on market: 12 Average Purchase Price: $1,071,695 Sold vs list: 101.9 % *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 5.73% DC Condos Sold: 81 Days on Market: 22 Average Purchase Price: $567,368 Sold vs list: 100.6% DC Single Family Sold: 78 Days on market: 18 Average Purchase Price: $1,439,078       Sold vs list: 103.0%    --------------------------   Average Interest Rate: 5.73% NOVA Condos Sold: 100 Days on Market: 18 Average Purchase Price: $400,057 Sold vs list: 100.5% NOVA Single Family Sold: 156 Days on market: 10 Average Purchase Price: $1,036,702 Sold vs list: 103.1 % *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 5.35% DC Condos Sold: 80 Days on Market: 22 Average Purchase Price: $587,476 Sold vs list: 100.7% DC Single Family Sold: 87 Days on market: 19 Average Purchase Price: $1,328,747         Sold vs list: 104.1%   -----------------------------------    Average Interest Rate: 5.35% NOVA Condos Sold: 105 Days on Market: 15 Average Purchase Price: $472,484 Sold vs list: 100.7% NOVA Single Family Sold: 164 Days on market: 14 Average Purchase Price: $977,274 Sold vs list: 102.5 % *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 5.15% DC Condos Sold: 86 Days on Market: 31 Average Purchase Price: $628,229 Sold vs list: 99.8% DC Single Family Sold: 86 Days on market: 17 Average Purchase Price: $1,118,704 Sold vs list: 103.1%   ---------------------------  Average Interest Rate: 5.15% NOVA Condos Sold: 103 Days on Market: 13 Average Purchase Price: $413,106 Sold vs list: 100.5% NOVA Single Family Sold: 252 Days on market: 8 Average Purchase Price: $989,349 Sold vs list: 500.6 % *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 4.98% DC Condos Sold: 88 Days on Market: 29 Average Purchase Price: $575,783 Sold vs list: 98.7% DC Single Family Sold: 102 Days on market: 13 Average Purchase Price: $1,403,169 Sold vs list: 103%    ----------------------------------------------------------   Average Interest Rate: 4.98% NOVA Condos Sold: 132 Days on Market: 19 Average Purchase Price: $416,931 Sold vs list: 100.7% NOVA Single Family Sold: 215 Days on market: 7 Average Purchase Price: $953,971 Sold vs list: 104.2% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 5.30% DC Condos Sold: 100 Days on Market: 28 Average Purchase Price: $612,863 Sold vs list: 100.9% DC Single Family Sold: 100 Days on market: 20 Average Purchase Price: $1,268,553 Sold vs list: 102.3 %   ---------------------------------------------   Average Interest Rate: 5.30% NOVA Condos Sold: 120 Days on Market: 16 Average Purchase Price: $446,968 Sold vs list: 101.4% NOVA Single Family Sold: 205 Days on market: 10 Average Purchase Price: $1,057,708 Sold vs list: 104.4% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 5.25% DC Condos Sold: 119 Days on Market: 20 Average Purchase Price: $570,697 Sold vs list: 100.8% DC Single Family Sold: 79 Days on market: 15 Average Purchase Price: $1,188,013 Sold vs list: 104.2 %   --------------------------------------- Average Interest Rate: 5.25% NOVA Condos Sold: 121 Days on Market: 17 Average Purchase Price: $440,177 Sold vs list: 101.4% NOVA Single Family Sold: 177 Days on market: 10 Average Purchase Price: $946,114 Sold vs list: 104.1% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 5.17% DC Condos Sold: 120 Days on Market: 25 Average Purchase Price: $578,753 Sold vs list: 100.4% DC Single Family Sold: 102 Days on market: 20 Average Purchase Price: $1,207,768 Sold vs list: 104.7 %   -------------------------      Average Interest Rate: 5.17% NOVA Condos Sold: 148 Days on Market: 21 Average Purchase Price: $441,382 Sold vs list: 100.9% NOVA Single Family Sold: 231 Days on market: 9 Average Purchase Price: $997,662 Sold vs list: 105% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 5.17% DC Condos Sold: 96 Days on Market: 32 Average Purchase Price: $643,524 Sold vs list: 98.9% DC Single Family Sold: 80 Days on market: 24 Average Purchase Price: $1,251,935 Sold vs list: 103.8 %   -----------------------------------------   Average Interest Rate: 5.17% NOVA Condos Sold: 107 Days on Market: 17 Average Purchase Price: $406,824 Sold vs list: 101.8% NOVA Single Family Sold: 176 Days on market: 6 Average Purchase Price: $915,818 Sold vs list: 105.6% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 5.14% DC Condos Sold: 103 Days on Market: 38 Average Purchase Price: $682,864 Sold vs list: 99.4% DC Single Family Sold: 84 Days on market: 14 Average Purchase Price: $1,281,586 Sold vs list: 105.5 % --------------------------------------    Average Interest Rate: 5.14% NOVA Condos Sold: 106 Days on Market: 12 Average Purchase Price: $445,382 Sold vs list: 101.0% NOVA Single Family Sold: 183 Days on market: 9 Average Purchase Price: $1,012,425 Sold vs list: 105.7% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 4.99% DC Condos Sold: 82 Days on Market: 30 Average Purchase Price: $617,859 Sold vs list: 100.5% DC Single Family Sold: 87 Days on market: 16 Average Purchase Price: $1,052,258 Sold vs list: 103.9 %   -----------------------------------  Average Interest Rate: 4.99% NOVA Condos Sold: 88 Days on Market: 13 Average Purchase Price: $467,322 Sold vs list: 100.8% NOVA Single Family Sold: 160 Days on market: 13 Average Purchase Price: $1,039,864 Sold vs list: 105.3% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 4.53% DC Condos Sold: 79 Days on Market: 36 Average Purchase Price: $638,296 Sold vs list: 100.4% DC Single Family Sold: 73 Days on market: 16 Average Purchase Price: $1,219,987 Sold vs list: 102.6 %   --------------------------  Average Interest Rate: 4.53% NOVA Condos Sold: 94 Days on Market: 16 Average Purchase Price: $479,159 Sold vs list: 101.2% NOVA Single Family Sold: 155 Days on market: 16 Average Purchase Price: $1,044,958 Sold vs list: 104.2% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 4.49% DC Condos Sold: 109 Days on Market: 30 Average Purchase Price: $624,033 Sold vs list: 99.8% DC Single Family Sold: 66 Days on market: 28 Average Purchase Price: $1,306,542 Sold vs list: 102.9 %     -------------------------------------------------------      Average Interest Rate: 4.49% NOVA Condos Sold: 104 Days on Market: 25 Average Purchase Price: $440,470 Sold vs list: 101.0% NOVA Single Family Sold: 159 Days on market: 9 Average Purchase Price: $1,055,857 Sold vs list: 103.9% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 4.01% DC Condos Sold: 74 Days on Market: 41 Average Purchase Price: $605,964 Sold vs list: 99.0% DC Single Family Sold: 70 Days on market: 20 Average Purchase Price: $1,306,600 Sold vs list: 104.1 %   -------------------------------------      Average Interest Rate: 4.01% NOVA Condos Sold: 94 Days on Market: 28 Average Purchase Price: $407,108 Sold vs list: 99.4% NOVA Single Family Sold: 141 Days on market: 14 Average Purchase Price: $1,024,639 Sold vs list: 103.9% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 3.84% DC Condos Sold: 133 Days on Market: 43 Average Purchase Price: $653,928 Sold vs list: 99.8 % DC Single Family Sold: 100 Days on market: 36 Average Purchase Price: $1,115,503 Sold vs list: 100.9 %     ----------------------------------------------   Average Interest Rate: 3.84% NOVA Condos Sold: 146 Days on Market: 34 Average Purchase Price: $410,957 Sold vs list: 100.4% NOVA Single Family Sold: 168 Days on market: 17 Average Purchase Price: $993,908 Sold vs list: 103.6% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

DMV Weekly Market Update Average Interest Rate: 4.02% DC Condos Sold: 72 Days on Market: 32 Average Purchase Price: $638,897 Sold vs list: 100.4 % DC Single Family Sold: 72 Days on market: 21 Average Purchase Price: $985,290 Sold vs list: 103.4% --------------------------------------------- Average Interest Rate: 4.02% NOVA Condos Sold: 93 Days on Market: 28 Average Purchase Price: $414,892 Sold vs list: 100.5% NOVA Single Family Sold: 100 Days on market: 17 Average Purchase Price: $1,061,031 Sold vs list: 105.3% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 3.71% DC Condos Sold: 52 Days on Market: 42 Average Purchase Price: $627,700 Sold vs list: 99.3 % DC Single Family Sold: 63 Days on market: 28 Average Purchase Price: $990,886 Sold vs list: 101.6%   ----------------------------------------------------     Average Interest Rate: 3.71% NOVA Condos Sold: 65 Days on Market: 41 Average Purchase Price: $424,640 Sold vs list: 99.4% NOVA Single Family Sold: 91 Days on market: 25 Average Purchase Price: $849,314 Sold vs list: 101.7% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 3.50% DC Condos Sold: 71 Days on Market: 44 Average Purchase Price: $706,329 Sold vs list: 99.7 % DC Single Family Sold: 65 Days on market: 39 Average Purchase Price: $1,168,791 Sold vs list: 113.3%     -------------------------------------------------------   Average Interest Rate: 3.64% NOVA Condos Sold: 78 Days on Market: 63 Average Purchase Price: $442,937 Sold vs list: 98.4% NOVA Single Family Sold: 100 Days on market: 26 Average Purchase Price: $1,041,723 Sold vs list: 100.5% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean

Average Interest Rate: 3.64% DC Condos Sold: 31 Days on Market: 70 Average Purchase Price: $469,981 Sold vs list: 99.5% DC Single Family Sold: 52 Days on market: 30 Average Purchase Price: $992,351 Sold vs list: 99.6%   ---------------------------------------------------------------------------   Average Interest Rate: 3.64% NOVA Condos Sold: 65 Days on Market: 42 Average Purchase Price: $342,526 Sold vs list: 98.8% NOVA Single Family Sold: 80 Days on market: 30 Average Purchase Price: $1,088,820 Sold vs list: 101.6% *NOVA to include Fairfax, Falls Church, Annandale, Alexandria, Arlington, and Mclean    

Average Interest Rate: 3.57% DC Condos Sold: 56 Days on Market: 45 Average Purchase Price: $549,717 Sold vs list: 99.3% DC Single Family Sold: 46 Days on market: 46 Average Purchase Price: $1,355,523 Sold vs list: 98.8%

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.

Cassidy Burns, with BPG Residential at Keller Williams Capital Properties gives you up to date information on what's happening in the Real Estate Market in DC and Northern Virginia. What's selling, what isn't, and how to use the info to your advantage in this extremely competitive market.