The city of Washington is the capital of United States and in the District of Columbia. It is abbreviated as Washington DC and the city was named after George Washington, a great military leader in the revolution of America. It is even referred to as the Federal city. According to the research conducted over the region of Washington by the census bureau the total are of the city was calculated to be 68.3 miles square unit including 10.16 % water. It is surrounded by the Maryland, Virginia and by the Potomac River.
The region of washing Dc has a humid and subtropical climate and people enjoy the climate throughout the year with a difference. There are many natural areas like Anacostia Park, US National Arboretum, Rock Creek Park, which all bird watchers enjoy thoroughly.
Washington DC is a home to abundant national sight and is considered most admirable tourist destinations in the entire United States. The state has a growing economy with a gradual decrease in the government services and an inverse increase in the business and professionals services jobs for all it citizen.
With an advent in the infrastructure in fields like public relation, architecture, public relation etc the city has reached a glorious position. Due to many reasons like economy, advancement in the region, business, higher education throughout the world people are relocating to the city of Washington DC. Thus the city has left New York, Paris and London all behind in the trends of the real estate market.
The real estate market is on a boom in the city of Washington DC. An average home in the city begins from $319 and even ranges to prices like $9,500,000. The city is very accomodable to all kinds of people and has their own kind of real estate present for them.
The city has varied ranges of real estate property. On current survey there are more that 1219 properties available in real estate of the city including 92 new homes ranging from anything from $317,621 to $3,800,000. From the last updated on the real estate trends of the market of updated August 27, 2007, Monday a steady graph of the real estate is observed there. Although there was sudden fall in the MLS sale of the properties by almost 4.9% where there are 2127 listings observed in the area.
The city even offers foreclosure listings over the area 1607 listings matching in the search criteria when looking for foreclosed homes in the state which includes 182 Properties as pre foreclosed properties, 405 Properties to be auctioned, 449 Properties are bank owned, 3 Properties are Government owned, 42 Properties are to be sold by the owner himself 520 Properties are resale properties and 6 properties are new homes to be foreclosed.
The real estate market in the city is on the higher verge because people are still interested in taking homes and properties in the city as the offers all comforts and enjoyment to its citizen.
John Smith is a writer for the Real Estate Industry. DROdio Real Estate – Virginia, Maryland, & Washington DC Real Estate.
Source: www.a1articles.com
