March 2017 News
Dear Friends and Neighbors –
May the luck of the Irish be with you today! As we celebrate all things green – green lawns, green trees, and yes, maybe even green beer – we also celebrate that Spring is within reach!
And for those who enjoyed what we hope is the last of the winter weather, we’ve got some great pics here of DC’s magical snow day! You’re welcome!
The market is showing some positive signs that should encourage both buyers and sellers. If you’re thinking about listing your home, you will be happy to know that sellers are getting what they ask for (and in some cases, even more!). Homeowners received an average of 97.4% of the original list price – this is up from January. But if you’re a buyer, don’t fret! You actually have more options now, with over 1000 new homes to see (22.4% of the current inventory). Sellers are saying “carpe diem” and listing while inventory is low, and buyers are competing for homes in the No. 4 “Best Place to Live” according to the 2017 U.S. New & World Report.
But don’t think we’ve found the pot of gold at the end of the rainbow just yet. The DC Metropolitan area, as you know, is comprised of a variety of unique communities that are all responding differently to the current economy. Every jurisdiction in our area saw a decrease in the “Median Days on Market” from last month and from this time last year (averaging 28 days on market, while listings last year took a median of 44 days to sell). However, some locales saw a dramatic change in sale price that may account for this quicker turnaround: in Alexandria, it dropped 10.8%. The area on the whole saw an increase in sales price, but it’s about as predictable as the weather forecast of that “blizzard” this week!
Wydler Brothers Is Growing: We proudly welcome the newest members of our brokerage!
After 10 years of working in private and international banking in Manhattan, NY, Elizabeth moved to Bethesda, MD and instantly fell in love with the Washington DC area. She decided to combine her love for Real Estate and the beautiful D.C. area with her desire to help Buyers and Sellers achieve their dreams.
Having moved from South America to North America and also within the U.S. a few times, Elizabeth has a lot of empathy for anyone relocating, upsizing or downsizing. Elizabeth’s goal is to make her clients’ experiences as easy and enjoyable as possible. She realized early on that all of us (regardless of background, culture or country of origin, etc.) want what is best for our families. Elizabeth is fluent in English and Portuguese and in her spare time she loves to travel with her family, exploring new countries and cultures.
Lindsay has lived and worked in Washington, DC for more than 15 years and and loves exploring the diverse neighborhoods of the DC metro area. Lindsay brings an analytical mind, sharp negotiation skills, and in-depth market knowledge to every transaction. She is a true partner and advocate for every client. Additionally, her professional and collaborative approach with colleagues keeps the process moving forward for her clients. Currently, she lives in the Shepherd Park neighborhood of DC with her husband, four daughters, and their dog Stella. She loves running, traveling, and spending time with family and friends.
Coming Soon to a Mailbox Near You
If you’re in the mood to do some Spring cleaning, be on the lookout for our newly printed Vendor Directory. Inside, we have a comprehensive list of our favorite service providers who can help with painting, landscaping, lighting, cleaning the gutters – you name it and it’s in there. If you do not receive one, please reach out to us and we will drop one in the mail to you right away.
In The News
D.C. makes list of top 10 happiest places to live
You know how your mom would always tell you “money can’t buy happiness?” Well, as much as we hate to contradict mom, the findings of a recent Wallethub study say she’s wrong. Financial well-being does contribute to an individual’s happiness, but only up to an income level of $75,000 annually– any higher, and money ceases to influence a person’s contentment with life. Read more here.
Winter Storm Stella’s effects on D.C.’s cherry blossoms
For the first time in nearly a century, the cherry blossoms may not hit peak bloom