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Monthly Archives: July 2009
After Spring Thaw, Georgetown Real Estate Crashes Further
First the good news: this spring, Georgetown had a mini real estate bubble. Now the bad news: like all bubbles, it popped. Hard. And it wasn’t a widely experienced bubble anyway. Check out the chart of average price per square foot over the last 12 months (in red) with the listing prices (in blue):
Courtesy of Redfin.Com
There appears to have been a run up in listing prices over the winter, which in turn drove up the average price of the sales. However, in spring the listing prices plummeted about 16%, and the sales prices fell even harder at 21% down, and dropping fast.
But did that uptick even represent a boom, or did it just mean only the expensive homes were being listed and sold? The overall volume numbers seem to indicate that that may have been the case:
Courtesy of Redfin.com
So it appears that after a brief thaw in the sales of more expensive homes, the Georgetown market has continued its downward march in volume and price. GM has noticed that homes on his block have been selling at 2003 prices. Have you noticed the same?
Filed under Real Estate
The Morning Metropolitan
Good morning Georgetown, here’s the latest:
- Georgetown American Apparel receives homophobic threat; Silver Spring store already vandalized.
- The Georgetown cocktail party, deconstructed.
- Don’t forget the Rose Park Farmers Market tomorrow.
Photo of Baked and Wired Sign by Flickr user Advertisingelyse used under Creative Commons.
Filed under The Morning Metropolitan
WMATA Re-Evaluating 30 Series Changes
Tonight at 6:30 pm at St Columba’s Episcopal Church at 4201 Albemarle St. in Tenleytown WMATA will be hosting a public meeting on the 30 series. Last year WMATA adopted several significant changes to the line, incorporating semi-express routes and chopping up the line into shorter segments. GM evaluated some of the changes here, and found that they short-changed Georgetown. To wit:
While it was slow, it had an incredibly short headway of only 3-6 minutes (meaning there is only 3-6 minutes between buses). From a Georgetown perspective, the 30 Series offered a very frequently non-transfer ride straight through downtown or up to Cathedral Heights, Tenleytown or Friendship Heights…After the changes only three lines go through Georgetown: the 31, 32, and 36. Moreover, the 31 bus only goes to Foggy Bottom. The crosstown route now only comes every five minutes during peak and only every fifteen minutes during off-peak. That’s a significant cut in service, particularly for the off-peak hours which is when a lot of Georgetown’s senior citizens use the 30 Series to get around.
To WMATA’s credit, they are taking the chance to re-evaluate the changes and see whether they’ve worked out as planned. Are you unhappy with the changes? Come to Tenleytown tonight and let your voice be heard.
The Morning Metropolitan
Good morning Georgetown, here’s the latest:
- Georgetown’s new Urban Chic throwing big party with TLC star.
- Now that Nathans is closed, Carol Joynt is shutting down Nathans website too. She’s moves on to Caroljoynt.com.
- Fox 5 profiles Sweet Green.
Photo of Georgetown stained glass by Flickr user Thumeco used under Creative Commons license.
Filed under The Morning Metropolitan
Four Seasons’ $12,500 a Night Hotel Suite
Vodpod videos no longer available.
This is from a couple months ago, but GM just saw it. It’s a profile by Washington Business Journal of Four Seasons’ $12,500 a night Royal Suite. Are you “the kind of guest” that would buy this room?
Filed under Around Town
The Morning Metropolitan
Good morning Georgetown, here’s the latest:
- Birreria Paradiso (the basement bar of Georgetown’s Pizzaria Paradiso) and Georgetown’s tattoo parlor Jinx Proof will host a “Three Floyd’s Beer” party on July 30th. The microbrewery has made up a batch in honor of Jinx Proof and the supplies are expected to go fast.
- The Georgetowner interviews Richard Levy who recently stepped down as president of the BID.
- Robert Holland, who had a hand in to Georgetown waterfront complex is interested in the Watergate.
Photo by Flickr user CBCastro used under Creative Commons license.
Filed under The Morning Metropolitan
The Georgetown Metropolitan 
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