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Mid-City in winter

Winners and losers in the January 2014 real estate market

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Mid-City, Logan Circle, gay news, Washington Blade

The big Mid-City winners in this category were zip code 20005 (Logan Circle) and 20004 (Penn Quarter). (Photo by AgnosticPreachersKid; courtesy Wikimedia Commons)

The books are closed on January 2014 real estate stats and, in general, it was a better month for market activity than January 2013. So let’s take a look at the numbers:

 

Mid-City, gay news, Real Estate, Washington Blade

Mid-City statistics

First, comparing median sold prices, Mid-City properties saw growth in median sold prices for January 2014 over January 2013 — $576,101 over $511,841. These figures are higher for both Mid-City and D.C. overall in either year; additionally, Mid-City median sold prices have a greater increase year over year than D.C.—by 12.6 percent compared to 11.6 percent for D.C. The big Mid-City winners in this category were zip code 20005 (Logan Circle) and 20004 (Penn Quarter), with 63.3 percent and 53.9 percent increases respectively. However, because these two zip codes had so few solds in January (a total of eight), it might be more accurate to designate zip code 20010 (Columbia Heights, Mt. Pleasant) as the winner with 28 solds and a 35.3 percent increase. The big loser was zip code 20003 (Capitol Hill, Navy Yards) with a -2.8 percent decrease in median sold prices over January 2013.

For active listings, Mid-City had a greater percentage increase in the number of properties on the market—from 387 in January 2013 to 463 in January 2014—for an increase of 19.6 percent in available properties in comparison to only a 5.4 percent increase for DC overall. Again, the big Mid-City zip code winner was 20010 (Columbia Heights, Mt. Pleasant) with a 78.3 percent increase in active listings, while the big loser was again zip code 20003 (Capitol Hill, Navy Yards) with a decrease of -34.8 percent in the number of active listings.

Average days on the market is one indicator of the “speed of the market” and a general index of the seller’s market: the fewer the number of days on the market, the more the market is considered to be a seller’s market. Here, D.C. showed an -18.5 percent decrease in average days on the market, while Mid-City experienced a 35.3 percent increase. This means there were more properties on the market for a longer time in January 2014 over January 2013 in Mid-City, but fewer in D.C. overall. However, to put this all in perspective, there must be a six-month supply of homes on the market for it to be considered a “balanced” market between sellers and buyers. Dividing the average days on the market by 30 to obtain the number of months of supply of available homes, we can see that both D.C. overall and Mid-City have approximately a two-month supply of homes on the market—making it clear that we are still in a seller’s market.  (However, this figure is up from the fall season, when homes moved so quickly off the shelf that there was less than a one-month supply.)

Identifying winners and losers in this category depends on your point of view: if you are a seller, a lower number of days on the market is better because it means that there is less competition for your property; if you are a buyer, a greater number of days is better because it means you have more options from which to choose and sellers may be more willing to negotiate. So, for this category, winner/loser zip codes for sellers are 20002 (H Street, Atlas District, Trinidad) with a decrease of average days on the market of -66.1 percent over January 2013 and 20005 (Logan Circle) with an increase of average days on the market of 205.4 percent over January 2013. For buyers , the winner/loser zip codes are just the opposite: your buying options increased in zip code 20005, while they decreased in zip code 20002. Looks like the H Street district is heating up.

The final comparison is sold price/original list price. Here, what’s being compared is how big a percentage of the original list price sellers are getting. The higher the percentage, the more we are in a seller’s market. The D.C. market has been in the 90+ percentage range for the last five years—even through the modest real estate decline we experienced in the District. Bargains are few and far between in D.C., and this is something that newcomers trying to buy a home here frequently learn the hard way by losing a number of their first offers. In this category, there wasn’t much different between D.C. overall and Mid-City from January 2013 to January 2014: Both experienced a .7 percent increase in the ratio of sold price to original list price, with the Mid-City ratio of 98.5 percent being 1.4 percent higher than D.C.’s 97.1 percent. (This means that Mid-City homes sell for closer to asking price—surprise!) In this category, the big winners—at least from a seller’s perspective—were zip codes 20004 (Penn Quarter) and 20005 (Logan Circle), with 4.5 percent and 3.4 percent increases over January 2013. It’s worth pointing out that zip code 20005 had a sold price/original list price ratio of 101.3 percent. This means that Logan Circle properties are selling for more than their asking price—even in the dead of winter. How is that possible? It means that 20005 properties are receiving multiple contract offers.

And the big loser in this category?  Zip code 20007 (Georgetown/Burleith, Glover Park), with a -1.6 percent decrease in the sold price/list price ratio to 95.1 percent. However, at a median sold price of $885,674, that’s hardly “loser” status.

Happy Hunting!

Ted Smith is a licensed Realtor with Real Living | at Home specializing in Mid-City DC. Reach him at [email protected] and follow him on Facebook.com/MidCityDCLife, Youtube.com/TedSmithSellsDC or @TedSmithSellsDC. You can also join him at free monthly seminars for first-time homebuyers or monthly tours of open houses in a different neighborhood each week. Sign up at meetup.com/DCMidCity1stTimeHomeBuyers/.

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Real Estate

Tips for buying a house in Rehoboth Beach

And why it’s a great fit for the LGBTQ community

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Rehoboth Beach, Del. (Washington Blade photo by Daniel Truitt)

If you’ve ever dreamed of owning a charming beach house where flip-flops are considered formalwear and sunsets are your daily entertainment, Rehoboth Beach, Del., might just be your dream come true. It’s not just a beautiful coastal town—it’s also a long celebrated safe haven and vibrant hub for the LGBTQ community. Let’s dive into why Rehoboth Beach is a fabulous choice and how to make a savvy beach house purchase.

Why Rehoboth Is a Vibe (especially for the LGBTQ community)

1. A Welcoming, Inclusive Community

Rehoboth Beach has been lovingly nicknamed the “Nation’s Summer Capital,” and it’s not just because of its proximity to D.C. For decades, Rehoboth has built a reputation as a warm, inclusive, and LGBTQ-friendly destination. From gay-owned businesses to LGBTQ events and nightlife, this is a town where you can truly be yourself.

2. Packed Social Calendar

Poodle Beach, the LGBTQ beach hangout just south of the boardwalk, is always buzzing in the summer. Events like Rehoboth Beach Bear Weekend, Women’s FEST, and CAMP Rehoboth’s myriad of social and wellness events bring people together all year round. That’s right—you’ll never be bored here unless you want to be.

3. Small Town Charm Meets Big City Culture

You get art galleries, drag brunches, live theater, eclectic cuisine, and adorable boutiques—basically everything your soul craves—without the chaos and crowds of major cities. It’s quaint but never boring. Think: Key West vibes with a Delaware zip code.

Tips for Buying Your Dream Beach House 

1. Know Your Budget and Think Long Term. Beachfront and near-beach properties come at a premium. Expect to pay a bit more for proximity to the sand and ocean views. 

2. Choose Your Neighborhood Wisely. Do you want to be walking distance from the action on the boardwalk? Or do you prefer something more secluded in areas like North Shores or Henlopen Acres?

3. Rental Potential. If you’re not living there full time, your beach house could work overtime as a vacation rental. Rehoboth Beach has a healthy short-term rental market, especially in peak summer. Often times LGBTQ travelers actively seek inclusive, affirming places to stay.

4. Weather the Weather. Like all coastal areas, Rehoboth comes with a side of salt air and occasional storms. Invest in a good home inspection, especially for older homes, and be prepared for the maintenance that comes with beachfront living (yes, that includes sand everywhere).

5. Work With a Local Real Estate Agent. Look for an agent who knows Rehoboth inside and out and understands the unique needs of LGBTQ buyers. This isn’t just a house — it’s your happy place. You want someone who sees that and says, “Let’s find your sanctuary.”

Buying a beach house in Rehoboth Beach isn’t just about real estate — it’s about finding a space that reflects your lifestyle, values, and need for both community and calm. Whether it becomes your full-time home, your weekend escape, or your Airbnb side hustle, Rehoboth welcomes you with open arms (and maybe a mimosa).

Want personalized tips on navigating the Rehoboth Beach real estate market? Let’s chat! I’ll bring the listings if you bring the sunscreen. 


Justin Noble is a Realtor with The Burns & Noble Group with Sotheby’s International Realty, licensed in D.C., Maryland, and Delaware. Reach him at [email protected] or 202-234-3344.

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Real Estate

Impact of federal gov’t RIF on D.C.’s rental market

A seismic economic change for local property owners

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President Trump’s plan to cut the federal workforce presents challenges to local landlords. (Washington Blade file photo by Michael Key)

In a move that could redefine the federal government workforce and reshape the economic fabric of Washington, D.C., President Donald Trump has announced his intentions to significantly reduce federal government spending as well as the number of people the federal government employs.

Calling the federal bureaucracy “bloated” and “out of control,” Trump has repeatedly expressed his desire to cut thousands of federal jobs. While these cuts align with his long-standing push to “drain the swamp,” they come with potential and real collateral damage, especially for landlords in the D.C. area who have relied on government employees as some of their most reliable and long-term tenants.

The potential reduction of thousands of jobs in a city built around government work is not just a political shift—it’s a seismic economic change for the city government as well as for local property owners who have invested in the predictability of a near-constant demand for workers in the federal government agencies, government contractors and the economic ecosystem they sustain. 

For landlords, government workers have represented ideal tenants: strong income, long-term leases, and responsible rental histories. Now, that foundation is being shaken in a battle by the Administration against a workforce which is the backbone of the Washington area’s overall economy, and especially its rental market.

With uncertainty looming, landlords are left in a difficult position. If widespread layoffs come to fruition, rental vacancies could spike, rental prices would drop, and previously secure investment properties might become financial liabilities. The sudden shift forces landlords to consider their next moves: how to support tenants facing job losses, how to adapt to a changing market, and how to ensure their own financial stability amid the uncertainty.

For D.C. landlords, this isn’t just about policy shifts or budget cuts, it’s about economic livelihood. The challenge ahead isn’t about just reacting to change, but proactively preparing for it, ensuring they can weather the storm of political maneuvering.

Potential Consequences for D.C. Landlords

  1. 1. Increased Risk of Non-Payment of Rent
    • Job losses may lead to late or missed rent payments
    • As affected tenants struggle financially, they may ask to break their lease to live elsewhere or even move out of the region
    • Eviction lawsuits may rise, leading to a long and expensive process for landlords, all while not being able to rent their property to paying tenants.
  1. 2. Higher Vacancy Rates
  1. If many government employees leave the D.C. region in search of work elsewhere, the rental demand could decline significantly
  2. Rental properties may sit empty longer, requiring landlords to lower rents to attract new tenants and creating even more financial loss

3. More Competition from Other Landlords

  1. As many more units are vacant on the market, all competing for the same pool of potential tenants, older and smaller rentals, and those located further out from the core of the city will all struggle to find quality renters.
  2. Landlords will need to offer other ways to attract and retain tenants, such as incentives, which could quickly overwhelm the finances of smaller landlords who cannot keep up.

Proactive Strategies for Landlords

To mitigate risks and ensure future rental success, landlords should consider these defensive measures:

1. Strengthen Tenant Relationships and Communication

  • Encourage tenants to communicate if they anticipate financial hardship due to job loss.
  • Work out temporary payment plans or partial payments to prevent full non-payment or eviction.
  • Provide guidance on rental assistance programs available in D.C.

2. Offer Flexible Lease Terms

  • Consider shorter-term leases than a full 12-month term to accommodate the needs of tenants who may be uncertain about their long-term employment status.
  • Offer lease renewals at the same rent amount to keep stable tenants and avoid turnover

3. Diversify Tenant Base

  • If a large portion of tenants are government workers, a landlord may want to market to a broader audience or professionals in private industries.
  • Advertise on platforms that cater to diverse tenant pools, including students and international workers.

4. Adjust Screening Criteria Thoughtfully

  • While it’s important to ensure financial stability, consider creditworthiness, assets, and rental history rather than just employment status.
  • Consider alternative income sources, like family members assisting, part-time work or freelance gigs.

5. Protect Cash Flow with Rent Guarantee Options

  • Explore rental insurance policies or rent guarantee services to cover losses in case of non-payment.
  • Consider co-signers or guarantors on leases for new tenants in vulnerable industries, just in case.

6. Adjust Rental Pricing to Stay Competitive

  • Monitor the D.C. rental market and adjust pricing accordingly to attract new tenants.
  • Consider offering move-in incentives as a way to stand out.  Be creative!  Sometimes things you can offer are different and may catch someone’s eye

Long-Term Planning for Rental Success

  • Build reserves to cover expenses during potential vacancies or rent shortfalls.
  • Invest in property upgrades to make rentals more attractive to a broader audience, such as young professionals or remote workers.
  • Consider diversifying property holdings to include areas that are less reliant on government employment.

By taking proactive steps, landlords can safeguard their investments while supporting tenants through economic uncertainty, ultimately leading to a more stable and resilient rental business.


Scott Bloom is owner and senior property manager at Columbia Property Management. For more information, visit ColumbiaPM.com.

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Hidden hazards at home

Professional inspections can help catch safety issues early

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Test smoke detectors monthly and change batteries at least once a year. (Photo by Phonlamaiphoto/Bigstock)

As the spring market hits its stride, we are beginning to see more inventory and an increase in days on the market in parts of the DMV. This may result in professional home inspections becoming routine parts of contract offers again. A thorough home inspection can help catch safety issues early and is an opportunity to learn about the operation and maintenance of items in your home.

Pay attention to flickering lights, frequently tripped breakers, and discolored outlets—these are signs of potential electrical hazards. Outdated wiring, overloaded outlets, and faulty appliances can lead to electrical fires. 

Structural issues are often overlooked until it’s too late. Crumbling foundations, weak or damaged stairs, loose railings, and uneven flooring can cause trips and falls. Water damage from leaks or flooding can weaken the integrity of floors and walls, creating a risk of collapse. 

Toxic chemicals can pose serious threats to health and safety, often without obvious warning signs. Understanding and addressing these risks is crucial for maintaining a safe living environment for you and your loved ones.

Household products such as cleaners, pesticides, air fresheners, and even cosmetics can emit volatile organic compounds (VOCs). These compounds, when inhaled regularly, can cause a range of health issues including headaches, respiratory problems, hormonal disruptions, and in some cases, even cancer. To minimize these risks, homeowners should opt for low-VOC or VOC-free products, ventilate regularly, and consider investing in an air purifier. 

Formaldehyde is another common toxin found in pressed wood products, insulation, and certain paints. Long-term exposure can lead to chronic respiratory problems and has been linked to cancer. 

Radon gas, another possible carcinogen, is prevalent in the DMV. Your home inspector can do a radon test or there are DIY kits available at many hardware stores. If levels are above EPA standards, a professional remediation firm can install a system that extracts the radon and vents it safely outdoors.

Carbon monoxide (CO), a colorless, odorless gas, is produced by gas stoves, heaters, and fireplaces. Exposure can lead to headaches, dizziness, nausea, and even death. Install CO detectors near bedrooms and ensure that all fuel-burning appliances are properly maintained and ventilated. 

Additionally, older homes may still contain asbestos in insulation, floor tiles, or roofing materials. If disturbed, asbestos fibers can become airborne and are highly dangerous when inhaled, leading to serious diseases such as mesothelioma, so when renovating an older home, it’s critical to have materials tested for asbestos before beginning work.

Mold and mildew thrive in damp, poorly ventilated areas such as bathrooms, basements, and around leaky pipes. While some molds are harmless, others can cause allergic reactions or respiratory problems and aggravate conditions such as asthma. Black mold (Stachybotrys chartarum) is notorious for producing mycotoxins that may lead to severe health issues.

Signs of mold include musty odors, visible growth on walls or ceilings, and excessive humidity. Preventing mold growth requires controlling moisture levels—using dehumidifiers and vapor barriers, fixing leaks promptly, and ensuring adequate ventilation. Professional mold remediation may be necessary for severe infestations.

Though banned in residential paints in 1978, lead-based paint still exists in millions of older homes. Lead exposure is especially dangerous for children, causing developmental delays, learning difficulties, and behavioral issues. Adults are not immune – lead can lead to high blood pressure, kidney damage, and reproductive problems.

Even dust from deteriorating lead-based paint can be hazardous. The EPA recommends professional lead testing for any home built before 1978, especially if renovations are planned. Certified abatement professionals can safely remove or encapsulate lead paint.

Improper use of heating equipment, fireplaces, unattended candles, and cooking accidents are common sources of home fires. Smoke alarms and fire extinguishers are essential for early detection and response. Test smoke detectors monthly and change batteries at least once a year.

Homes that are safe for adults may not be safe for children or pets. Small objects, unsecured cabinets, toxic plants, and open staircases can pose significant risks. Childproofing measures such as outlet covers, safety gates, and cabinet locks, along with safe storage of chemicals and medications, are essential precautions.

The good news is that many of these risks can be mitigated with awareness and action. Here are a few simple steps to enhance home safety:

• Conduct a thorough safety audit using checklists available online.

• Ensure proper ventilation to reduce indoor air pollutants.

• Regularly check for leaks and signs of water damage.

• Keep cleaning and chemical products out of reach of children.

• Educate all household members about emergency procedures, including fire escapes and first aid.

Our homes should protect us, not pose threats to our well-being. By identifying and addressing these toxic and unsafe issues, we can transform our living spaces into truly safe havens.


Valerie M. Blake is a licensed Associate Broker in D.C., Maryland, and Virginia with RLAH @properties. Call or text her at 202-246-8602, email her via DCHomeQuest.com, or follow her on Facebook at TheRealst8ofAffairs.

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