John Akhavan Real Estate Agent

John Akhavan

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By - May 02, 2023
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popul
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Washington D.C. | June 2021 Home Demand Map

By Bright MLS - June 11, 2021
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A Cool Down Coming? Mortgage Demand Drops For Second Week

By UrbanTrufStaff - June 02, 2021
There are a couple signs emerging that homebuyers are finally getting fed up with the high prices and low supply plaguing the market. Mortgage applications dropped 4% last week from the previous week, according to the Mortgage Bankers Association (MBA). Applic ations fell for the second week in a row and dropped to the lowest level since early 2020. "Tight housing inventory, obstacles to a fas
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$1 million over asking: D.C. bidding wars escalate

By Kathy Orton (WP) - June 01, 2021
U.S. Housing Crunch Intensifies A house in Chevy Chase, Md., sold for $1 million above its asking price last month. The five-bedroom, five-bathroom, 5,000-square-foot house in sought-after Chevy Chase Village was listed at $3,495,000 on April 16. After receiving seven offers, the sellers accepted a contract for $4,540,000 on April 19. The sale closed on May 3. Bidding wars have been occ
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Rosslyn Office Building Sells At Auction For $58M

By Jon Banister - Bisow DC - April 01, 2021
Meridian Group Buys Rosslyn Office Building At Foreclosure Auction For $58M The Meridian Group is continuing to expand its Northern Virginia office holdings with a Rosslyn building it won at a foreclosure auction. A Meridian affiliate won a Wednesday auction for the 1500 Wilson Blvd. building with a $58.3M bid after the previous owner defaulted on its debt, the Washington Business Journal r
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How Covid Is Changing The Way Architects Design Apartments, Offices

By Jon Banister - Bisnow DC - March 29, 2021
With the pandemic now more than a year old, architects say it has become clear that the coronavirus will create long-term trends in the way people use buildings, and it is increasingly shaping the way they design new projects. Architects are pulling design elements from hospitals into other commercial property types to create healthier buildings, and they are catering to tenant behaviors in othe
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Mortgage Interest Rates Move Higher - Mar 24

By CNET Staff - March 24, 2021
Today a handful of major mortgage rates inched upward. If you're shopping for a home loan, here's how your finances could be affected. A variety of significant mortgage rates inched up today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both grew. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also increased.
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Real Estate Performance and the Pandemic

By John Akhavan - March 24, 2021
How the Washington DC Metropolitan Market Survives Challenges Published in Redux Extra Magazine Spring 2021 Following the 2009 Great Recession, it became quite clear that the Washington DC real estate market was largely recession proof. The District and surrounding areas are shielded from the ups and downs of the economy because Real Estate stability is tied closely with employment and DC has
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Private Rooftop Pool for this $12M Condo with Kennedy Center Views

By UrbanTurf Staff - March 18, 2021
Two months after the priciest condo ever to be listed in DC hit the market, another Georgetown condominium is nipping at its heels. The penthouse duplex at the Residences at Harbourside (map) hit the market this week with a $12 million price tag, making it the second most expensive condo to be listed in the city. The condo is listed with Terri Robinson of Long & Foster. The focal point o
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Mortgage Applications Drop Due to Rising Rates, Winter Storms

By UrbanTurf Staff - February 24, 2021
Mortgage demand fell last week and rising rates and snow were to blame. Mortgage applications dropped 11.4% compared to the previous week, according to data released by the Mortgage Bankers Association today. "Mortgage rates have increased in six of the last eight weeks, with the benchmark 30-year fixed rate last week climbing above 3 percent to its highest level since September 2020," Joel K
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Former AOL Executive Finds Buyer For $7.5 Million Georgetown Home

By UrbanTurfStaff - February 22, 2021
AOL is in the DC real estate headlines again. Former AOL and IBM executive Michael M. Connors has found a buyer for his nearly 7,000 square-foot, $7.5 million Georgetown residence at 3147 P Street NW (map). The home is listed with Jamie Peva of Washington Fine Properties. The five-bedroom house has a grand interior with decorative pillars, ornate fireplaces, archtop built-ins, skyligh
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Office Developers Are Staying the Course in Washington, DC

By Nicholas Mills - Costar Analytics - January 21, 2021
Pipeline Tops 10 Million Square Feet, Though Corporate Headquarters and Build-to-Suits Limit Construction Pressure Current developments include a pair of buildings at the Wharf on Southwest D.C.'s waterfront to be anchored by law firm Williams & Connolly. (Madison Marquette) Office developers broke ground on more than 3 million square feet last year in the Washington, D.C., market, a sign that
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