Virtual Tour: 1534 28th St NW
Find your Dream Home
- by signing into my private property search site. Get access to Washington Fine Properties exclusives as well as all properties listed via the Multiple Listing Service. Customize searches and more, below:
Local Market Update
The first half of 2024 was very active, though the summer saw a slowdown as many anticipated a drop in interest rates. During this period, Lenore closed 15 properties, totaling $23M+ in sales, across Burleith, Chevy Chase, Glover Park, and Bethesda. She also assisted clients in finding an exceptional home in Oxford on the Eastern Shore, an area known for its limited inventory. Remarkably, Lenore secured the sale within two days of the property hitting the market.
Looking ahead, Lenore has several new construction buildouts in Burleith set to debut in the coming months. She is also listing (along with her colleagues, J. Peva, N.T. Bubes, and J. Spencer) the iconic C. Boyden Gray House in Georgetown, which sits on a third of an acre and boasts over 12,000 square feet, as well as a premier luxury home at 3721 Reservoir Road NW, designed by Chryssa Wolf with Hanlon Design Build. If you’re considering purchasing in 2024, reach out to discuss these unique properties. Lenore is currently assisting several buyers who wish to close before the year’s end and is eager to consult on your real estate strategies and goals for 2024 and beyond.
Home sales in the Washington DC region are gaining momentum as mortgage rates decline. While closed sales in September were similar to last year, new pending sales surged by 15.7%, and showings increased by 5.9%. Inventory has also risen for eight consecutive months, with active listings up 18.9% compared to a year ago.
Despite rising inventory, home prices continue to climb, with the median sold price reaching $599,000 in September, an 8.9% increase from the previous year. Although prices typically fell by 2.1% from August to September, affordability remains a challenge, particularly for first-time buyers. As mortgage rates drop further, more buyers and sellers are expected in the fourth quarter, but high prices may still restrict some from entering the market.
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