The Poduslo Group knows how busy you and your family are this time of year and, with October now in full swing, we want to reiterate our commitment to making sure you don’t miss a minute along the way. To help, we’ve curated some recent articles about D.C.’s real estate development and thriving restaurant scene and new direct Amtrac Service just for you.

The Poduslo Group wants to take every opportunity we can to say THANK YOU for the continued support and trust we receive from our community of friends, family, and clients. We truly feel D.C. (and The Poduslo Group) wouldn’t be the same without you.

What’s Happening In DC

DINE AMONG THE (MICHELIN) STARS
The Michelin Guide is the Holy Grail for any restaurant worth one’s salt. Now in its fourth year – and in time to book your holiday season reservations – The Washingtonian has unveiled D.C.’s Michelin 2020 star award winners. A few noticeable omissions aside, “It’s a year of one-star surprises, not major shakeups.” I don’t know about you, but our mouths are watering already. Learn more

Direct Amtrac Service
Starting this fall, you can travel to New York from Dc in 2.5 hours with non-stop service. The Acela Nonstop service comes in advance of the 2021 launch of brand-new Acela trainsets. Learn More

DC News That Effects You

New Development in Shaw
Plans for the Bond Bread Factory, Washington Railway, & Electric Company Buildings Development near 9:30 Club. Howard will work with The Bond Partnership to program the site collaboratively & launch a multi-year entitlement process prior to groundbreaking. Learn More

IN (RE)DEVELOPING NEWS
Initially teased over 2 years ago, Chevy Chase-based developer, JBG Smith Properties formally announced plans to remake about 2.6 million sqft of space in Crystal City. Tied to the Amazon HQ2 expansion, the project, spread across 5 multifamily buildings & one office, is intended to enhance the public’s street-level experience & add new housing and amenities. Learn more

 


The number of units sold has decreased by 0.8% year-to-date in DC, 4.0% in Northern Virginia, 1.5% in Montgomery County, 0.3% in Prince George’s County while increasing by 2.6% in Anne Arundel County. (1/1/18-8/27/18 vs 1/1/19-8/27/19)

Across the DMV, the time homes were on the market before being sold, on average, increased year-to-date – from 31 to 38 days in DC, 31 to 32 days in Northern Virginia, 40 to 50 days in Montgomery County, 50 to 57 days in Anne Arundel County, and 39 to 52 days in Prince George’s County. (1/1/18-8/27/18 vs 1/1/19-8/27/19)

At the same time, the median price increased by 3.0% in DC, 3.3% in Montgomery County, 3.7% in Anne Arundel County, 10.3% Prince George’s County, while decreasing by 0.5% in Northern Virginia compared to the prior year. (July 2018 vs July 2019)
For the most part, the number of homes sold throughout the DMV has decreased, while the prices these homes were sold for was up slightly from the previous year. In summary, the demand for homes isn’t as great as a year ago, so there is more room for negotiation on the buyer side.