Washington, DC (PRWEB) February 19, 2012
The January average sales statistics for the close-in Metro area were almost flat compared with last January, but a closer look shows that the numbers were lower in Montgomery County and suburban Northern Virginia and much higher in the District. While the dollar volume of sales was down 9% in Montgomery County and 4% in Fairfax, Alexandria and Arlington, it was up 8.5% in the District. For the average price of a home, Montgomery County was down 4.7%, close-in Virginia was up 1.3% and the District was up over 10% from last January.
“Usually when there is a burst of activity in the greater Washington, DC area market, it originates in the District and we are seeing it happen again,” says Donna Evers, Evers & Co. Real Estate President and Broker. “Washington, DC exhibits what I would only describe as star quality. So many things like Donald Trump investing in the Post Office Pavilion to a highly dynamic arts community make DC increasingly appealing to live.”
The District has often led the other jurisdictions in sales since the slowdown in 2006, and the subsequent recovery of the past three years. In addition to having the reputation for job stability and prosperity, Washington, D.C. has enjoyed good press about the growth of the downtown commercial and residential real estate markets.
Evers also noted that DC continues to be a strong option for investors, and predicts an increase in international investment in the coming months and years with economic incentive programs such as federal EB-5 Immigrant Investor Program starting to be utilized. The program was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors and at least one area bank is expected to use the program to bring investment dollars to the area. For more information on the EB-5 program, go to the U.S. Citizenship and Immigration Services website at http://www.uscis.gov.
- Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery County, Maryland; and Fairfax County, Arlington and Alexandria in Virginia.
About Evers & Co.
Founded in 1985 by Donna Evers, Evers & Co. Real Estate maintains its success through a strong referral base and agents who enjoy a premier reputation for their expertise and in-depth knowledge of Washington Metro Area homes and neighborhoods. Evers & Co. is home to 100 licensed real estate professionals with decades of combined experience, who enjoy access to a first-of-its-kind Agent Resource Center. The agency is the largest woman-owned and-operated residential real estate firm in the area and a member of Unique Homes Affiliate Network, Who's Who in Luxury Real Estate and FIABCI, the largest international real estate organization in the world. In addition, the agency has an alliance with My Home In Paris, a residential real estate firm in Paris, France.
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