Dear Friends & Neighbors –
Or should we say, “Dear Witches & Warlocks,” because Halloween is here! The capital boasts events of all kinds this month, from costume contests to scary movie festivals. Amidst all the stories of haunted houses, we see how lucky we are to have clients with marvelous and ghost-free homes!
Another big development to keep your eyes on: the metro’s new Purple Line. We’ve put together a white paper outlining how you can expect this to impact the area over the next few years. For the latest updates on local news, make sure to visit our social media pages.
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You might hear a lot of Realtors call the market “unpredictable.” Well, analysts have a new word for what’s going on in real estate: mismatched. A Trulia study showed that in the DC area, premium homes made up nearly 44% of the listings, with searches for those properties at 33%. If you’re looking for a premium home, you have lots of options! Because of this over-saturation, you might see “For Sale” signs staying up longer at luxury properties.
The opposite is happening with starter homes. 34% of buyers are looking for a starter home, but only 22% of listings fit that category. Couple this with investors holding on to their starter homes after they trade up, and you have a truly spooky situation. However, the fall is historically a strong time for Washington – this September showed the highest pending sale activity and median sales price of the last decade. New listings are up 18.3% from last month, so grab your pumpkins and get ready for a whirlwind season!
Even Realtors Need a New Home:
WB Opens New Office in Arlington!
Wydler Brothers Real Estate has officially expanded its footprint by opening a new office in Arlington, Virginia! Located in the Clarendon neighborhood, the Arlington office is currently home to eight Wydler Brothers agents, including several teams, and Managing Broker, Evan Lacopo.
“With the growth that the Arlington job market is seeing with the addition of companies like Nestlé and Boeing, it’s the perfect time to stake our claim. Arlington has been one of our core markets since Wydler Brothers’ inception almost 15 years ago. We have some of the best agents in the business and we are actively looking to recruit top talent,” says Lacopo.
Wydler Brothers was able to celebrate the launch of our new office with a kick-off party sponsored by representatives of Cobalt Settlements & Wells Fargo Home Mortgage and attended by many top realtors in Virginia. We always love getting together with others in the industry. Arlington Magazine published some photos of the event on their website.