The Year in Review
By Brad Nelson of TTR Sotheby’s Inernational Realty
Washington, DC may have been the most exciting city in America in 2012. We had front row seats to the Presidential election. We watched new restaurants open from award-winning chefs like José Andrés and Mike Isabella. Our skyline once again became dotted with cranes — the ultimate indicator we have exited the economic crisis and are building for the future. And the Redskins, Nationals and Capitals all made it to the playoffs.
The impact of this good news in the residential real estate market is clear. Our firm’s sales volume was up 51.9% year-over-year, rising to over $1.3 billion. RBI Intel’s latest data notes that prices across the region have reached record highs. And The Wall Street Journal is predicting prices to rise based on tightening inventory in 2013.
The residential real estate market is improving quickly. If you are considering selling or purchasing real estate in the Washington Metropolitan Area or around the world in 2013, it would be our pleasure to be of service.