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Monday, may 19
Real Estate
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn
Homebuilders are warning about a slow spring due to President Donald Trump's sweeping tariffs and high interest rates, according to a new survey. Builder confidence dropped sharply in May, falling to 34 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, May 15. That's down six points from April, matching the low from November 2023 and marking the worst reading since December 2022. In the Northeast, sentiment slipped three points to 44 on a three-month moving average. A score above 50 means more builders see conditions as good than p…
Real Estate
‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M
Angelina Pivarnick, one of the original cast members of MTV’s "Jersey Shore," has listed her New Jersey mansion — and it’s going for a cool $1.799 million The four-bedroom, five-bathroom home sits at 3 Bowers Drive in the exclusive Clayton Farms community of Freehold. Pivarnik reportedly moved into the house in 2021. According to the listing, the home spans over 5,500 square feet and sits on a 1.1-acre premium lot. It's packed with high-end finishes — including a custom resort-style yard with a pool. The home, listed by Aleksandr Pritsker of EXP Realty, features a butterfly staircase, two-…
Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…
Real Estate
Trump Administration Selling Off 79 'Non-Core' Federal Spaces In Maryland
The Trump administration is putting some of the largest and most well-known federal buildings up for sale. The move is all in an effort to eliminate waste, slash maintenance costs, and reinvest in more efficient spaces, according to the U.S. General Services Administration (GSA). Officials have identified hundreds of "non-core properties" totaling millions of square feet that no longer serve essential government functions and are now up for grabs. “Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces,” federal officials said. “Disposing of the…
Real Estate
Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore'
A sprawling, luxury Baltimore waterfront mansion once owned by controversial Oscar-winning actor Kevin Spacey is back on the market—this time with a $6 million price tag. Dubbed "The Icon of Baltimore," according to its listing, the palatial 9,069-square-foot residence at 622 Ponte Villas N in the city’s exclusive Harborview community is up or sale at $5,999,000. 622 Ponte Villas N #162/163, Baltimore Derek & Vee Photography The six-bedroom, nine-bathroom home is anchored at the end of a pier, offering privacy, prestige, and panoramic views of Baltimore’s Inner Harbor, with the …
Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…
Real Estate
NBA Star's Former Maryland Mansion Listed At $11M (
Photos
)
A Maryland mega-mansion once owned by former Washington Wizards star Bradley Beal has hit the market for a cool $11 million—and it’s got everything a baller could want, including a full-size indoor basketball court he built himself. Located in the exclusive Avenel community, the 14,900-square-foot estate at 8913 Holly Leaf Lane in Bethesda sits on two acres and is packed with luxury amenities, from a resort-style pool and spa to a private tennis court and fire pit area. The home is listed with Washington Fine Properties. Beal, now with the Phoenix Suns, transformed the home during his DC da…
Real Estate
Look Inside Brand-New Luxury Condos Coming To North Bethesda
Homebuyers in North Bethesda have a new upscale option as Tri Pointe Homes officially launches Northpark Lofts, a luxury condo community just steps from the bustling Pike & Rose district. The new development, located inside the Northpark community, is now open for sales, with prices starting in the low $800,000s. The Bellamy home design features between 2,535- and 2,550-square-feet of modern living space, including three bedrooms, two-and-a-half baths, a spacious covered terrace, a private one-bay garage, a large great room, a pocket office, and dual walk-in closets in the primary suite…
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why
Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …
Real Estate
Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players
A stately home in DC's prestigious Kalorama neighborhood may be the perfect spot or a new Cabinet member after it hit the market for $5.8 million. Dilan Homes has completed a top-to-bottom reimagination and restoration of a popular Federal-Inspired Brick Home that sits in the heart of community, surrounded by homes that have housed some of the rich, famous, and powerful. The listing was posted by Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties. "It is 100 percent gut renovated with an entirely brand new floor plan, …
Real Estate
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report. Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…
Real Estate
40-Foot Pool Among Selling Points For Potomac Home That Sold Over Asking Price For $1.86M
Hard work paid off for a team of realtors who overhauled a Maryland home, selling for more than $60,000 over the asking price. A buyer just had to have a Potomac home at along 9117 Potomac Station Lane, sitting on an unusually large parcel of land for the neighborhood that sold for $1.86 million, above the $1.799 million listing price, The five-bedroom, 5.5-bathroom custom-built 6,350-square-foot home had been listed with Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners of Washington Fine Properties. According to the realtors, the…
Real Estate
Divine
Deal
: Cemetery Included In Sale Of Shuttered Maryland Church
Call it divine deal or a Christmas coincidence, a Maryland church is up for sale. By the way, it's got a wet bar. The former Hyattstown United Methodist Church, which held its last service in August, is on the market for $799,000 on Loopnet. The 4,000-square-foot specialty building near the Frederick County line on Route 355 in Clarksburg is divided by three land parcels which include a small church with a "simple" sanctuary and hall; a former parsonage with modular classrooms; and a cemetery, the listing says. Conveyed with the space are an organ and piano, a "wet bar" kitchen,…
Real Estate
NBA Star's Mega Mansion In Maryland Sells For $1 Million Under Asking Price (
Look
Inside
)
A Maryland mansion formerly home to a 30-year-old NBA star has sold for about $1 million under asking price. Bradley Beal's home at 8913 Holly Leaf Lane hit the market last fall, after the three-time All-Star was traded from the Wizards to the Phoenix Suns. The 13,482-square-foot Bethesda estate was listed for approximately $10 million but sold for $9.1, Zillow shows. It features nine bathrooms, six bedrooms, a four car garage, as well as two basketball courts for good measure sitting on nearly 14,000 square feet. The home was built by Winmar Construction and includes a "true indoor-…
Real Estate
Rite Aid Is Selling These Maryland Leases After Filing For Bankruptcy
The leases of all six Rite Aid stores in Maryland that are closing amid the recent bankruptcy filing are being sold. A&G Real Estate Partners is acting as the real estate advisor for the pharmacy chain, which filed for bankruptcy on Oct. 15, and has plans to close 154 underperforming stores nationwide. The deadline for the following leases for in Maryland is Monday, Nov. 20: 5808 Ritchie Highway, Baltimore 5 Bel Air South Parkway, Bel Air 728 East Pulaski Highway, Elton 7501 Ritchie Highway, Glen Burnie The deadline for the following leases for in Pennsylvania is Wednesday, Dec. 20: …
Real Estate
Bradley Beal's Maryland Home Hits The Market For $10M After Trade From Washington Wizards
Former Washington Wizards star Bradley Beal is reportedly selling his Maryland home for a cool $10 million. The Bethesda home on Holly Leaf Lane has hit the market after the three-time All-Star was traded from the Wizards to the Phoenix Suns in a three-team deal over the summer. According to the realtors looking to sell the mansion, it includes nine bathrooms, six bedrooms, a four car garage, as well as two basketball courts for good measure sitting on nearly 14,000 square feet. The home was built by Winmar Construction and includes a "true indoor-outdoor lifestyle home," they said, clai…
Real Estate
Washington Commanders Owner Dan Synder Wants $49M For Maryland Mansion
Dan Snyder’s team isn’t the only thing he's looking to sell. The embattled Washington Commander's owner has listed his Potomac home in what could be a record-setting $49 million. Here's to hoping a buyer will meet his asking price. News of his house hitting the market comes as Snyder has been exploring a possible sale of his franchise amid allegations and investigations into a toxic workplace environment. Snyder also owns a mansion near Mount Vernon in Alexandria that is currently the most expensive residential purchase in the region at $48 million. Now he will look to top that with the s…
Real Estate
Asking Price Of Maryland Mansion Is Five Times More Than Average Area Listing
A Cecil County mansion with a backyard oasis is going for $1.799 million — nearly five times the amount of an average listing in the area. Located at 116 Liddell Road in Colora, the home hit the market at $2.2 million in November 2022, according to its Zillow listing. The average price of a Cecil County home as of December 2022 was $311,000, according to Redfin. 116 Liddell Road, Colora.Patterson-Schwartz Real Estate/Bright MLS 116 Liddell Road, Colora.Patterson-Schwartz Real Estate/Bright MLS The house spans 9,014 square feet and sits on 3.86 acres, with a nine-car garage, six bedro…
Real Estate
Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal
A Maryland real estate company is paying a pretty penny to improve its foothold in Silver Spring with a new multi-million dollar purchase. Baltimore-based Enterprise Community Development (ECD), a nonprofit owner and developer of affordable homes, has purchased the 87-unit multi-family Parkside Terrace on Easley Street for $20 million (or slightly less than $230,000 per unit), Transwestern Real Estate Services announced. According to Transwestern Executive Vice President Robin Williams, “the property has been well managed by long-term owners allowing ECD and its partners to preserve natura…
Real Estate
Amazon Buys Land In Northern Virginia For $87.8 Million
Google and Microsoft have a new neighbor in Prince William County. Reports said Amazon recently purchased nearly 60 acres of land to in Gainesville for nearly $90 million. BizJournal announced earlier this week that Amazon Web Services had purchased the land at 5845 Wellington Road for $87.8 million. The report said AWS purchased the same-sized lot next door for $52.4 million last year. Amazon has not commented on its plans for that location, but it adds to the company's holdings in northern Virginia. The land is in the county's Data Center Opportunity Overlay District. T…
Real Estate
Most Expensive Home In Baltimore County Listed At $12M
The most expensive home in Baltimore County is listed at $12 million, according to a Zillow listing. The massive four-bedroom seven-bathroom smart home located in the desirable Caves Valley Golf Club in Owings Mills is nestled on five acres, includes a wine room, and has not one, but two oversized three-car garages. The features do not stop there as the backyard offers one of the most expansive pools in the community, an outdoor fireplace, an exterior kitchen, and water features. To take a look at this beautiful home on Zillow, click here.
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