Top Real Estate Companies to Contact in the Washington Area
Housing experts expect the real estate market in Washington DC to be more competitive as new inventory come in to satisfy the growing demand. The rising home prices coupled by increased constructions will put home owners at a much better position to sell. According to Home Buying Institute, home prices in Washington DC compared to the national average. The median sales price stands at 420,000 in the District to $480,000 while the median sales price stands at $290,000.
Another silver lining is the projected of growth in employment figures over the coming years. This is set to increase the level of home upgrading and give first time home owners an opportunity to get into the market.
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The company’s highly integrated property portfolio includes residential, office, retail and mixed use properties. Since its establishment in 1985, Douglas Development Corporation has undertaken close to 200 redevelopment projects, most of which are based I the Washington DC area. The company’s flagships include Woodward & Lothrop building.
Peterson Companies
Peterson companies is a big player in the Washing DC real estate sector. The privately owned company offers fully-integrated development services covering residential, office and retail properties. Over the years, the company has managed to construct over 30,000 residential units. Its flagship projects include the National Harbour, Washingtonian Center and Tyson’s McLean Office Park.
JBG Companies
JBG is a privately owned construction company based in Chevy Chase MARYLAND. The firm undertakes a host of services including property development, ownership and management. Its property portfolio includes residential, retail office and hotels. JBG has contributed a lot to the development of the Washington DC area, the property under its management is estimated at $10 billion. The properties include Fort Totten Square, Westin Arlington Gateway and Marriott Wardman