We are working with a low listing supply. The Washington DC Metropolitan real estate market is moving extremely fast. In some neighborhoods, cities or zip codes some listings do not last more than a week.

DC Row-Houses for Sale

 All-cash, over list price, no contingencies offers are more and more common in our current real estate market. It is not a pleasant experience for home-buyers nowadays. Multiple offers situation, Highest and Best Offers, Escalation Clause, Bulletproof Contracts are some of the terms buyers are getting used to. Some searches are looking more and more like the movie " Mission Impossible"  these are some of these home-searches: 

Washington DC one bedroom condo in the price range of $ 300,000 to $ 450,000.   North Arlington condo 1…

8744164 Views, 0 Comments

Read Full Post

Washington DC Real Estate Market       

2018 Washington DC Real Estate Market Summary 

 

Washington DC Real Estate market started last year (2018)  with  an early spring market, caused by the early start of buyers concerned about the interest rate increase of December 2017. This early start, gave the impression of a positive picture by the time the spring/summer market was reached. By mid Summer to the end of the Summer market we could feel that a lot of buyers had found their home.

 

The new  tax reform created an uncertainty surrounding the market behavior, it was unclear if it had any  repercussion on our local market.  2019 might give us an indication of its effect if any. 

 

Interest rates are going to keep on playing a key role in market trends, the interest…

482 Views, 0 Comments

Read Full Post