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Real Estate

Spring Market Preview: NW First Time Buyer Homes


Mortgage interest rates on 30 year fixed rate loans are at around 4.5% as we move toward the beginning of Spring. If you have fair to good credit, steady employment and income, and a desire to stop handing over rent to your landlord, now is the time to buy a home or condo!

“Interest rates on mortgages have been on an increase after a surprise 2017 where they mostly stayed under 4%,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The increase in rates has created urgency in the market for buyers that have been waiting to purchase. Even if you’re just starting to think about buying, you can still often move quickly using 1 of DC’s buyer assistance programs.”

Our Spring preview for NW DC includes homes that have been on the market for more than 30 days. “After 30 days, the sellers of the properties are usually starting to experience anxiety, and many are already talking to their agents about ‘what to do’,” continued Gerard. “It’s the right time for your buyer agent to push for incentives like credit from the seller towards your closing costs. Homes that have been on the market more than a minute are always your best option.”

Want to pick up some fast, free home buyer education? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule:


Full Calendar

Here’s the roll call of Northwest homes over 30 days old. The list changes daily. Call/text 202.759.4114 for help!

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$216,670 - 1Br/1Ba -  for Sale in Old City #2, Washington
Open House

1417 N St Nw #311 Washington, DC 20005

Price $216,670
Beds 1
Baths 1
Living Area SqFt 750
Status Active
MLS # DC10238299
Property Type Mid-rise 5-8 Floors
 
$229,000 - 1Br/1Ba -  for Sale in Wesley Heights, Washington

4200 Cathedral Ave Nw #308 Washington, DC 20016

Price $229,000
Beds 1
Baths 1
Living Area SqFt 765
Status Active
MLS # DC10061000
Property Type Hi-rise 9+ Floors
 
$229,529 - 1Br/1Ba -  for Sale in Glover Park, Washington

3900 Tunlaw Rd Nw #606 Washington, DC 20007

Price $229,529
Beds 1
Baths 1
Living Area SqFt 800
Status Active
MLS # DC10112775
Property Type Mid-rise 5-8 Floors
 
$249,318 - 1Br/1Ba -  for Sale in Observatory Circle, Washington

3901 Cathedral Ave Nw #318 Washington, DC 20016

Price $249,318
Beds 1
Baths 1
Living Area SqFt 753
Status Active
MLS # DC10218384
Property Type Mid-rise 5-8 Floors
 
$249,900 - 1Br/1Ba -  for Sale in Cleveland Park, Washington

3020 Porter St Nw #103 Washington, DC 20008

Price $249,900
Beds 1
Baths 1
Living Area SqFt 575
Status Active
MLS # DC10244019
Property Type Garden 1-4 Floors
 
$249,900 - 1Br/1Ba -  for Sale in Glover Park, Washington

2400 41st St Nw #103 Washington, DC 20007

Price $249,900
Beds 1
Baths 1
Living Area SqFt 600
Status Active
MLS # DC10222054
Property Type Garden 1-4 Floors
 
$250,000 - 1Br/1Ba -  for Sale in Observatory Circle, Washington
Open House

4000 Cathedral Ave Nw #405b Washington, DC 20016

Price $250,000
Beds 1
Baths 1
Living Area SqFt 950
Status Active
MLS # DC10130093
Property Type Garden 1-4 Floors
 
$259,000 - 1Br/1Ba -  for Sale in Glover Park, Washington
Open House

2400 41st St Nw #115 Washington, DC 20007

Price $259,000
Beds 1
Baths 1
Living Area SqFt 707
Status Active
MLS # DC10240813
Property Type Garden 1-4 Floors
 
$263,000 - 1Br/1Ba -  for Sale in Cleveland Park, Washington

4301 Massachusetts Ave Nw #a111 Washington, DC 20016

Price $263,000
Beds 1
Baths 1
Living Area SqFt 775
Status Active
MLS # DC10242701
Property Type Garden 1-4 Floors
 

 

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