April 17, 2018
| Published in Newsletters

April 2018 Real Estate News

Dear Friends & Neighbors –
It’s finally feeling like springtime here in the Metropolitan area! Even though DC boasts some of the best restaurants and museums around, we’re all itching to get some vitamin D. Whether you’re heading to Nats Park or testing out many of the new dockless electric scooters, there are loads of activities to do and sights to see this season.

And if you’re thinking of jumping into the crazy spring market, remember that the first thing buyers look at is the curb appeal. Here are some common lawn care mistakes and how to avoid them so the outside can look just as loved as the inside!

Market Overview

On the fence about selling? Don’t be! We are living in an incredibly unique time in history when two generations are moving simultaneously: empty nesters are leaving the suburbs to enjoy an urban setting, and their parents are downsizing for a more manageable lifestyle. And even with the District listed in the country’s top three markets for apartment construction, the high-end nature of it all still has first-time homebuyers looking around for more affordable options. Compared to six years ago, inventory of starter homes has decreased by 38% while increasing in price by 57%. But with interest rates also on the rise, buyers are raring to go – days on market is the shortest it’s been for the last decade at just 13 days average. And the numbers line up on a more micro level as well: active listings are down 12.9% (with a 7.6% decrease in new listings), the third month with a double-digit decline in year-over-year inventory. But we are hitting the spring season bump, with 16% more listings than last month.

No matter when you list, you have to be smart; you won’t get buyers springing into action if your home is listed way above market value. Those working with realtors know what to look for and what price range to expect for a property, and are willing to let listings sit on the market until a price drop occurs. And even if your house goes under contract, the appraisal and the inspection punchlist give buyers some leverage. With all that said, if you’re thinking of selling, there’s no time like the present!

Knowing Your Neighbors

Over the past few months, we’ve been building out a new feature on our website to highlight all that the DMV has to offer! Whether you’re loyal to DC, MD, or VA, each region comes with a long list of amazing neighborhoods and local communities that make this area so versatile. If you’re looking to make a move, or just interested in learning about an unfamiliar neighborhood, the community page on the Wydler Brothers website is the perfect place to start. And be sure to follow us on Instagram where we are diving into a unique locale each week to show off our favorite places to eat, shop, and live!

Wydler Brothers is Growing!

We would like to introduce you to the newest members of our brokerage

Lily Gewirz

Lily is serving as Wydler Brothers’ Marketing Coordinator where she’ll be helping with event planning, social media, and branding all things Wydler! A native Washingtonian, Lily moved back to the area after graduating from the University of Vermont in 2017. While in Burlington, she received a B.A. in Anthropology, spent two years working as an Event Coordinator for a local art gallery, and skied in shockingly low temperatures. She currently resides in Shaw and is brunching her way through her new neighborhood.

Loraine Lamey

Loraine moved to the United States from London, England, where she continues her passion for everything real estate. Licensed in 2005, Loraine assisted many first time home buyers find their dream home. Loraine’s role as Transaction Coordinator with Wydler Brothers Real Estate is to provide every client with service excellence by utilizing her tenacious drive, attention to detail and organization skills.

Your next home might not be found on the MLS!
Check out the most comprehensive database of off-market listings in the Greater DC Area at Private Label MLS, powered by Wydler Brothers Real Estate.

In The News

Curbed D.C. Pocket Guide: Spring 2018

The tourist guide for those who don’t want to do touristy things.
Read more here.

Planning your home improvement projects by the seasons

As the last bit of snow melts off my front porch, all of the wear and tear of the winter weather is apparent in the chipped paint and rotted wood stairs. Add those repairs to a growing to-do list that includes installing a fence, landscaping and replacing a window.
Read more here.