March 22, 2018
| Published in Newsletters

March Newsletter

Dear Friends & Neighbors –

Are you all enjoying the sunshine one day and then a prediction of wintry mix the next? Amidst it all, we promise that the spring season is upon us here in DC. One indicator we always look to is the annual Cherry Blossom Festival, which takes place downtown. Peak viewing is a small window of time in late March, so check out this list to have the best experience possible. You won’t want to miss our historic capital decked out in pink. From the kite festival and parade to the specials offered by several area restaurants, it’s sure to be a fun & beautiful time in the District.

Market Overview

The Tidal Basin isn’t the only thing blooming early in DC this year! The average sales price for a DC metro area home is up 2.5% from January (at $410,000) in addition to a 12.5% increase in new contract activity. Nevertheless, just like our unpredictable weather toying with the cherry blossoms, low inventory is stunting the market: even with a decade-high for sale prices in February, housing supply region-wide has dropped year-over-year for 22 consecutive months. This means fewer closings and lower sales volume overall.

A report by Genworth Mortgage Insurance illustrated a “return of First-Time Homebuyers,” who made up over half of mortgages and 39% of single-family home purchases at the end of 2017, but the inventory crunch, especially on the lower end, has pushed more people to continue renting. Even on the higher end, repeat buyers are considering renovating and remaining in their current homes due to the ever-increasing mortgage rates. Challenging conditions meet growing demand, so the market is just as steady as always. One thing to consider if you are staying put is making sure your home changes with you – smart technology can make it safe and easy to live the lifestyle you want and need.

We Call Them Our Extended Family

Introducing the 2018 Wydler Brothers Vendor Directory! Each year, our brokerage puts together a comprehensive list of our go-to service providers. That way, whenever someone says “who ya gonna call?,” you have a catalog of names and companies you can trust because they’ve been vetted by our entire team. Every possible category is included, from A/V Installation and Cleaning Services to Plumbers and Landscape Designers. We hope that the next time you need a job done, you look no farther than the vendor directory available on our website.

Wydler Brothers is Growing!
We would like to introduce you to the
newest members of our brokerage

Nya Alemayhu

Nya is attentive, driven, intuitive, and puts the needs of her clients first. Inspired by the journey of an entrepreneur and the fulfillment that comes with helping others, Nya started a yoga company where she guides her clients toward alignment with their goals for leading a wholistic life; she brings this same approach to guiding her clients toward their perfect home. When not helping her clients achieve their real estate dreams, Nya trains for marathons, guides weekly yoga classes, and practices her baking skills in the kitchen. She lives in the Cathedral Heights neighborhood and loves continually discovering all that Washington has to offer.

Stacie Hennig Davis

As a former consultant for both PwC and Accenture, Stacie understands the importance of listening to her clients and understanding their needs. Always having a passion for real estate, Stacie decided to become a full time realtor in 2005 and never looked back. She is known for her strong professionalism, fabulous work ethic and developing and maintaining strong client relationships. Stacie’s goal is to be her client’s trusted advisor before, during and after the transaction closes. Stacie lives in Reston with her husband, Kirk, and their very sweet, overly spoiled yellow lab, Josh. In her spare time, Stacie loves to run on the area’s amazing trails, explore new restaurants and travel to new and exciting places.

Ria Dougherty

Ria is a native Washingtonian raised in McLean, VA. Her passion for real estate began early. Working for a prominent DC commercial and residential real estate development firm, she gained invaluable experience in many aspects of this exciting industry. Ria exudes a desire to be the very best at her profession, staying current on industry advancements in order to ensure each transaction is completed with the utmost professionalism and concern for her clients. Whether Ria is listing or selling a prominent local residence or working with first time home buyers, she is respected and appreciated for her market knowledge, unmatched work ethic and quality service. She still finds energy to support local charities in the Washington metropolitan area such as ‘Second Story.’ In her spare time, Ria enjoys cooking, long restorative walks, international travel and valuable time with friends and family.

Your next home might not be found on the MLS!

Wydler Brothers has the most comprehensive database of off-market listings in the Greater DC Area at Private Label MLS, powered by Wydler Brothers Real Estate. If you are interested in finding a house off-market, please give me a call. This is a resource only available to Wydler Brothers agents

In The News

DC’s Cherry Blossom Pop-Up Bar Is Back

With more flowers and a 10-foot Godzilla robot. Drink Japanese-inspired cocktails from March 1 through April 29.
Read more here.

How To Make Your Home Energy Efficient

Reduce your carbon footprint and increase your savings with these tips from the pros.
Read more here.