July 20, 2018
| Published in Newsletters

July Newsletter

Dear Friends & Neighbors –
 

We are lucky to live in a place where every time you turn around, there is a new development or activity in which to take part. Between Petworth’s new meditation garden, the National Building Museum’s “Fun House” exhibit (who can resist jumping in that ball pit), and DC United’s new stadium unveiling, there’s a lot to do in the District!

One historic attraction to take advantage of is the set of lockhouses on the C&O Canal. Originally built in the 1830’s, six of these have been restored for overnight stays to help us get off the grid. But for those of you looking to stay connected, never fear – WMATA has announced that all 91 stations will have free WiFi by the end of the year. What a time to be alive – you can now play HQ Trivia while underground!


Market Overview

Typically this time of year is for vacations and relaxation – not just for you and your loved ones, but for the real estate market as well. However, we aren’t seeing any indication of a slow down. Median home prices in the DC area are the highest in a decade, with some neighborhoods showing as much as 33% appreciation over the last year! Owners are seeing this data and seizing the moment, which is good news for buyers. Inventory across the region was up 3% year-over-year in May, and June saw 4.5% more active listings to choose from than the previous month.

Need more convincing that now is a good time to make a move? A survey of lenders by Freddie Mac shows that mortgage interest rates are dropping, part of a month-long slide that may continue on the short term. Every bit makes a difference, especially for first-time homebuyers breaking into the market. But did you know that a common misconception is that you need to put 20% down on a purchase? That perceived cash requirement halts many potential buyers, but experts say you’re better off buying sooner with a lower down payment if you can. The sentiment is that while mortgage rates are still historically low and real estate remains a stable force in a more unpredictable market, it is wise to pay a bit more monthly and see a greater return on your investment long-term. All in all, conditions are favorable whether you are looking to buy or sell!


Washingtonian “Top Producer” Recognition

Every year, Washingtonian Magazine puts together a “Best Of” list for a number of categories to recognize the people, places, and everything else that make our city so spectacular. We are so honored to have a number of our agents recognized as “Top Producers” this year! It speaks volumes to have our team stand out amongst so many talented colleagues and peers, so thanks to you, our friends and families, for your continued support!


Wydler Brothers is Growing! 

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

Jan Brito

A native Washingtonian, Jan is very familiar with the entire Metro area and resides in Montgomery County. She entered real estate in 2005 after spending 15 years in Information Technology- experience that serves her well in this fast-paced digital age – where almost all consumers begin their home search online. She uses technology and social networking to keep in touch with clients, promote listings, and answer consumer questions. Jan’s thorough follow-up, her strong customer service orientation, and her boundless initiative earn a steady stream of referrals from satisfied clients. Jan holds the elite Certified Residential Specialist (CRS) Designation (known as the PhD of Real Estate). Fewer than 3% of Realtors nationwide have earned this designation. Jan is a true advocate, an experienced negotiator, highly responsive, offering extraordinary service with a heart of gold.

 

Lisa Clark

Lisa acquired her skills for providing clients and customers with attentive service, intuiting their needs and thinking of every detail, from a past life in sales and catering. She has lived in Virginia and Maryland for the majority of her life and so has broad knowledge of the metro DC area and its diverse neighborhoods and cultures. Her promise is to treat her clients the same way she would like to be treated and be accessible and available in every step of the home selling or buying experience.
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Hot Buyers Exploring the Market

Between the MLS and our proprietary Private Label MLS, Wydler Brothers agents have access to the most comprehensive database of purchase opportunities. That being said, we’ve found that by asking you, we can often find additional opportunities. Here’s a taste of what some of our buyers are looking for. If you or anyone in your network lives in a property that matches one of the following descriptions and is thinking about moving, let us know!
LOCATION PRICE BED/BATH
Potomac (Churchill District) <$1.5M 4+ bedrooms, 3+ bathrooms
NW DC (Kalorama/Woodley Park) <$400k 1 bedroom, 1 bathroom
Vienna (Madison High School District) <$1.05M 4+ bedrooms, 3+ bathrooms
Arlington (Metro-accessible) <$600k 2+ bedrooms, 1+ bathrooms
We would love to play matchmaker.

These are just a few of our buyer needs. Don’t hesitate to reach out if you know anyone looking to sell, and we will do our best to find a buyer!


In The News

Take these easy steps to help you downsize

When your children move out or if you have lost a spouse or are simply ready to downsize, the empty rooms in our home — along with the burden of lawn upkeep and home maintenance — may become too much. Read more here.

Where to watch movies outdoors in D.C. this summer, mapped

For those who love the great outdoors as much as they love critically acclaimed movies, this map is sure to lead the way for some great nights on the town. Read more here.