Modest "feeding frenzy" in full swing
In some price ranges, the competition for properties is beginning to look like the real estate market of three or four years ago. This is happening mostly with entry-level condos/co-ops ($300-500,000), but has begun to push up into higher-priced properties($500,000 - $1million). In the past couple of weeks we have seen 3-4offers on many properties as investors and first-time buyers compete to buy well-priced properties. This seems to be happening in the Georgetown environs as well as across the City.