Haus Schwatz: Cati's DC Real Estate

head_left_image

What Does The Shark Have To Do With The Housing Market In Silver Spring?

The shark is back! Heading home from the Beltway and approaching Downtown Silver Spring at the DC Line this afternoon, I could see the tail from far away. I fiddled for my cell phone and was lucky enough to catch a few seconds at a red light. Check out that “dorsal fin”—(thanks, Amanda!)—on the roof! The Discovery Channel headquarters are decked out in celebration of the station’s “Shark Week,” a series of scary programs scheduled to run the first week of August.

So, if you live in Silver Spring, or in nearby Shepherd Park/DC and Rock Creek Forest, if you regularly shop or party here, or if you pass through the Red Line Metro stop in the next few days, watch out. The 50-foot head of the pet's got a lot of sharp teeth.

To get back to our headline, however, what does the shark have to do with the housing market in Silver Spring, a Washington, DC suburb that’s a couple of hundred miles away from the sea? A lot, actually. Discovery Communication’s move of their world headquarters to Silver Spring a few years ago sent a strong signal that the large-scale urban revival program for downtown Silver Spring was serious, and that it would last. And it did! Today, we have an exciting, thriving commercial and entertainment district here that continues to grow, sleek new condo buildings, community centers, galleries and restaurants. 

That said, real estate in this area has been rather stable and maintained its value well.  The home of the shark certainly contributed to that.

 

(For those of you who are wondering how the monster got "into" the building, here you go: http://dsc.discovery.com/videos/shark-week-2006-making-of-the-giant-shark.html )

© 2012, Catarina Bannier 

www.BannierHomes.com

www.DCHouseCat.com

www.DCHouseSmarts.com

     

Comment balloon 5 commentsCatarina Bannier • July 23 2010 12:36AM

Comments

Wow!  That big guy escaped my notice on my last drive along Colesville Road!  Great shot!

Posted by Patricia Kennedy, For Your Home in the Capital (Evers & Company Real Estate, Inc.) about 7 years ago

Whoa! No wonder Police Chief Martin Brody feared the water. I'm guessing it's having the same effect on those who work or shop in the building. I know I would be a little nervous.

Posted by Mike Mayer (Mike Mayer, Broker/Owner - i List For Less Realty, LLC) about 7 years ago

Hi Pat--I think they just put it up; you couldn't possibly have missed it!

Mike--I sure hope the Montgomery County PD isn't going to try and follow Brody's example by blowing Chompy up...

(P.S. Do they watch True Blood in Louisiana?)

Posted by Catarina Bannier, DC Real Estate The Smart And Fun Way (Evers & Co. Real Estate) about 7 years ago

Holy cow!  That's one big fish.  Glad to hear your market is doing well.

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) about 7 years ago

Thanks, Kay.  Yes, I think we're relatively fortunate, although the people here complain like everyone else.  They don't compare the market situation to that in other parts of the country but rather to what it was like in 2006. 

Posted by Catarina Bannier, DC Real Estate The Smart And Fun Way (Evers & Co. Real Estate) about 7 years ago

Participate