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Monthly Market Update
Lenore achieved $40M+ in sales during 2024, selling properties throughout the DMV and the Eastern Shore. She helped both her buyers and sellers achieve their financial and personal goals with integrity and support during a market with limited inventory, concerns over interest rates, and a presidential election. Click HERE for in-depth market reports.
As we move into the new year, Lenore has some exciting “secrets” she is eager to reveal. First up is a custom build masterpiece by Chryssa Wolfe with Hanlon Design Build. Located at 3601 R St, this stunning home offers 6 bedrooms, 6.5 baths, elevator, and a detached garage with a studio, all amounting to 4,800+ sq ft of space. Inspired by the latest Parisian design trends, the property features paneled millwork, distinctive tiles, and unique lighting fixtures.
Another Burleith gem, 3827 S St NW, boasts an abundance of skylights, a large family room, 3 bedrooms, 3.5 renovated bathrooms and a prime location close to Duke Ellington Field and Georgetown. And for those who love to entertain, Lenore has an elegant unit at Shoreham West Residences, with nearly 4,600+ sq ft of space —perfect for hosting in style, with room for a sit-down dinner for up to 30 guests. Two bedroom suites, three bathrooms, two half baths, four garage spots, and a spectacular location make this a compelling residence.
If you are considering purchasing or selling in 2025, don’t hesitate to reach out. Lenore would be honored to help you navigate your real estate strategy and goals for 2025 and beyond.
In December 2024, transactions in the Washington D.C. metro area surged by 25.9% compared to the same period last year, driven in part by the new presidential administration's impact on the luxury market. This brought total sales for 2024 up by 2.0% over 2023, even though mortgage rates stayed in the high 6% range. The good news is that rates were still lower than a year ago, and buyers have adapted to the new normal, which helped drive more activity. The median home price in December hit $590,000, marking a 6.1% increase from the previous year, with single-family homes continuing to see the biggest price gains.
Despite the surge in sales, inventory is still a challenge. New listings in December were down 4.1% from the previous year, reaching their lowest point in over 20 years. While demand remains strong, especially as we head into 2025, the lack of available homes and affordability concerns are still hurdles for many buyers. There’s also some uncertainty around federal government jobs in the area, which could have an impact on the housing market in the coming months.
Click "View Reports" to access the full market data for DC Metro neighborhoods, the DC luxury homes market, and the Eastern Shore.
Lenore's Recent Sales
Washington Fine Properties
3201 New Mexico Ave. NW #220, Washington, DC 20016 | (202) 944-5000