Back at it again with another market update in the DC Metro area this week! Guess what - prices are rising, and together with that, new contracts are being signed compared last year.With a 3.2% jump from last week, the median list price soared to $415,000 in the Bright MLS service area, a 7.8% increase from the same week last year. Historically, list prices have jumped at the beginning of fall, but this year the bump in prices happened earlier.New contracts are hovering just above last year's level.There were 5,812 new contracts in the Mid-Atlantic for the week ending August 18, which is 4.3% higher than the same week last year. Southern Maryland is the only region to not have a small uptick in new contracts over last year for this week.If you have any questions about buying or selling ... 08/20/2024

I’m excited to share that I’ve been named one of Washington, DC’s Top 100 Elite Producers Platinum for 2024! This is a huge honor and shows my commitment to helping people with their real estate needs.This recognition wouldn’t be possible without the trust and support of my clients and community. You’ve helped make this achievement a reality, and I’m incredibly grateful.Real estate is more than just buying or selling homes—it’s about finding the perfect place to make memories. If you’re thinking about moving or just curious about your options, let’s connect and explore how we can make your dream home come true. 08/13/2024

Wondering what's trending in the housing market right now? Grays are OUT, and a neutral palette with a pop of color is IN! With summer in full swing, homebuyers are loving that fresh, indoor-outdoor vibe. Natural light and a welcoming atmosphere are key to creating a space that feels inviting and vibrant.A neutral color scheme provides a versatile canvas, allowing homeowners to add personality with bold accent pieces. Think soft beiges, warm whites, and taupes as your base, complemented by pops of color like vibrant blues, rich greens, or even sunny yellows. This approach not only enhances the natural light but also creates a seamless transition between indoor and outdoor spaces.Whether you’re preparing your home for sale or just looking to refresh your living space, embracing this tren... 07/15/2024

Our weekly market report is finally here! What's in store for this week? Let's all check out the real estate market situation in the DC Metro area below.ListingsNew listings are up compared to a year ago. Historically, this week usually sees a dip in new listings, but listing activity was up compared to the same week in 2023.Days on MarketHomes are staying on the market longer. The median time to contract is slower by one day this week with the exception of the Maryland/West Virginia Panhandle, the median time to contract increased compared to a week ago in all regions.List PriceThe overall median list price is up 1.2% from the previous week and a 6.2% jump compared to last year. However, list prices fell in certain regions. Despite the overall increase a few metro areas such as Washing... 06/04/2024

Thinking about renovating your home? Some people are quick to do upgrades such as adding a pool, or getting one of those gazebos but not having enough space, or things like indoor neon signs. If you're kind of lost as to what needs upgrading to increase your property's value, here are some of the best ones to check out:1. Upgrade KitchenAlmost every buyer heads to the kitchen as the first thing they want to see when buying a home. If you want to stand out, install high-end appliances, use premium materials like quartz or marble countertops, and add custom cabinetry for a sleek, functional space.2. Modernize InteriorsOpen up the floor plan, upgrade to hardwood floors, and incorporate smart lighting and home automation for a contemporary feel.3. Get a Bathroom UpgradeCreate a spa-like ret... 05/28/2024

Let's talk about the market this week in the Northern Virginia and the DC Metro area!Price adjustments, rising inventory, lack of power pool, open house, quieting down - these are the signs that we are seeing a little bit of a shift or slowdown in the DMV housing market, especially in Northern Virginia.In areas like Fairfax, Loudoun, and Prince William, the changes have been most noticeable over the past couple of weeks since Mother's Day. However, is the market going to shift significantly? Not really.For price points such as first-time home buyers under $650,000 and single-family homes between $900,000 to $1.2 million, we are not seeing a slowdown. Multiple offers are still common in these ranges. However, interest rates are improving.If you are a home seller, this is still your oppor... 05/21/2024

  On Tuesday I attended the NAR mid -year legislate meetings, trade show and then joined the Maryland FPC - (Federal Political Coordinator)  team for the 2024 Hill visits.  My morning started by jumping into rush hour traffic to the Shady Grove Metro station. I arrived at the convention center and wandered around the trade show before meeting the other FPC's to take a bus to Capital Hill.  Our group from Maryland was divided up based on the representatives from our specific districts. Our group visited Congressman David Trone of the 6th district in Maryland. After going through security in the Rayburn Building we made our way to Congressman Trone's office where we were able to discuss the NAR priorities with his Staff. We each took turns sharing experiences and explaining why each of ou... 05/08/2024

Mother's Day is such an important day to me, not only because I myself as a mother but to celebrate all women out there who strive to be a better loving figure in and out of their homes, becoming the best moms they strive to be. So to all amazing moms out there, this one's for you!I'm thrilled to announce a special giveaway! One lucky mom will win a $150 Visa gift card to treat herself to a spa day! Because let's face it, moms deserve ALL the pampering in the world!To enter the event, like or comment on this post,and tag a fellow supermom who deserves a spa day too! Each tag counts as one entry.Giveaway is drawn on Friday, May 10th, so make sure to get your entries counted. Happy Mother's Day! 05/08/2024

Cleveland Park really has it all. There is a Metro Station, the National Zoo, and lots of interesting neighbors. It's got some wonderful old houses, a few dating back to the 1700's.  Most were built to allow the citizens of Washington to get away from the hot, humid capitol with its heat, humidity and especially aggressive mosquitos. Some are Victorians and others Queen Ann. There are many architectural details. like turrets, gables, and gingerbread. There is nothing cookie-cutter about this neighborhood.    Houses: There are only two for sale right now - the good ones fly off the shelf in about a nano-second: View Listings  One is listed for $2875,000. It's situated on a heavily wooded lot surrounded by parkland, and it's new construction by Washington standards, built in 1989.  The ot... 05/05/2024

Let's jump right into the latest scoop on the DMV housing scene. Things are buzzing across the board, with condos taking a breather. The snag? Interest rates are giving buyers a run for their money, but the luxury market ($1.2m to $1.5m) is still sizzling, from cash deals to hefty down payments.Who's in the mix? Many buyers are cashing in on equity or upgrading to dream homes. Surprisingly, 39% of homeowners nationwide are mortgage-free, eyeing luxury digs.Hold tight - Fannie Mae predicts a steady 6% interest rate ahead. Waiting for a dip? Don't hold your breath, at least for 2024. Meanwhile, median home prices are soaring, and days on the market are ticking away.But here's the kicker - inventory is on the rise. Options aplenty for buyers, though properties fly off the shelves, often by... 04/24/2024

Attention: another market shift happening in the DC Metro area! This has been recently happening, especially in areas like Northern Virginia, including Arlington, McLean, and Vienna.Previously bustling with activity, we're now observing a significant slowdown. Homes that used to attract multiple offers within days are now lingering on the market. This is good news and all if you're a buyer sick with multiple offers, but the interest rate isn't exactly going to help you.Interest rates are currently hovering around the low sevens, and some lenders are even offering rates below seven with a point. Due to these rates, the overall market is experiencing a slowdown.Sellers' agents are reaching out for feedback, wondering why potential buyers aren't biting. If you're in the market for a long-t... 04/17/2024

Welcome back to our mid-week market report, where we dive into the bustling real estate scene of the DC metro area and Northern Virginia. Let's cut to the chase and see what's been happening this week.New ListingsThe numbers are in, and they're telling us a story of significant activity. With a whopping 28% increase in new listings compared to this time last year, the DC metro housing market is buzzing with activity. But here's the kicker - these listings are getting snatched up faster than you can say "sold."ShowingsShowings are up by 25%, indicating a keen interest from potential buyers. It seems like everyone wants a piece of the action in our vibrant housing market.Escalating PricesHold onto your hats, folks. In certain pockets of Northern Virginia, we're witnessing jaw-dropping esc... 04/10/2024

Check out our Mid-Week DMV Market Update! Here’s what you need to know:Over the past five weeks, we've witnessed a steady rise in inventory levels across the DMV area. Since mid-February, the supply of available homes has been steadily increasing, with active listings seeing a 1.1% uptick from the previous week.Despite the slight dip in new contracts compared to the same period last year, the market is showing resilience. As we gear up for the spring season, traditionally a time of heightened activity, we anticipate contract numbers to rebound, reflecting the usual uptick in buyer and seller engagements.While the record list price of $420,000 remains unbroken, there's been a noteworthy 5.2% uptick in median list prices compared to this time last year. This suggests a robust demand for h... 03/28/2024

Hey there! Check this mid-week market report for the DC Metro area, where we cut through the noise and give you the facts you need to know about the current state of the housing market. Let's dive right in.New Listings SurgeThis week, we're seeing a notable surge in new listings compared to the same time last year. With 5,734 new listings in the Bright MLS service area for the week ending March 17, that's an impressive 8.0% increase from last year. Sellers are stepping up, offering more options for buyers in the market.Record High Median List PriceHold onto your hats because the median list price has skyrocketed to a new record high of $420,000! That's a 5.0% jump from last year and a 1.2% increase from just last week. It seems like every other week, we're breaking new records, and with... 03/20/2024

Are you curious about the latest trends in the DC Metro housing market? Here's a roundup of what's been happening in the past week.Growing InventoryGood news for buyers! Last week saw a 6.9% increase in new listings compared to the same time last year. This marks the fourth consecutive week of surpassing last year's numbers, indicating a healthy boost in inventory.Stable Contract TimesWhile homes are taking slightly longer to sell compared to the previous week, the downward trend in median time to contract has stopped. Despite this, homes are still selling two days faster than they did last year, maintaining a swift pace in the market.Affordable PricesThe median list price in the Mid-Atlantic region dipped slightly below $400k, a 2.5% drop from the previous week. Despite this decrease, ... 02/28/2024

In the middle of the week, Tuesdays are special for real estate folks like me. They give us a chance to catch our breath and focus.But more than that, Tuesdays are when we get a second look at homes that didn't sell over the weekend. It's a time to talk to other realtors and see what's out there.For people looking to buy a home, Tuesdays are a great time to reach out to us. There might be hidden gems waiting to be discovered.In my experience, Tuesdays have led to some great deals, even when the market is tough.So, let's remember to give Tuesdays the attention they deserve in the world of real estate. Happy Tuesday! 02/27/2024

Hey there, whether you were celebrating Valentine's, Galentine's, Friendship Day, or just making it through today, I hope you're having a fantastic time! Let's talk a bit about what's going on in the DC Metro housing market lately.For those of us who've been around here for a while (like me, 25 years and counting!), we've seen the housing numbers climb up and up, which is pretty great news. But with that comes some challenges, especially for buyers. Interest rates recently hit 7%, and that meant some of my clients missed out on homes because of all the competition.If you're thinking of selling, now's the time to act! Seriously, don't wait around for spring or summer—get your home on the market while the getting's good. And if you're considering investing elsewhere, I've got connections ... 02/15/2024

The Fed Created a DC Home Buyers Market, Then Priced Non-Cash Buyers Out As mortgage interest rates inflated, the DC market slowed, offering buyers a rare opportunity... but they quickly found that higher rates meant tighter lending conditions and huge payment hikes. With the Fed repeatedly dismissing hopes of meaningful 2024 rate reductions, many buyers sat out the one opportunity they may have had to purchase in the District without mad bidding wars, price escalations and harsh terms.   The Numbers Told A Different Story Total sold dollar volume for 2023 shows a significant contraction, declining by 22.19% to $5.33 billion from 2022’s $6,847,085,812. The number of units sold saw a substantial drop of 21.97%. The median sold price, a key indicator of market health, experienced a more p... 12/25/2023

Columbia Condos for Sale: Spectacular Historic Mixed-Use StructureThe Columbia including Columbia Condos for Sale is a spectacular historic mixed-use structure in the center of Washington, D.C. The Columbia, built at the turn of the 20th century as a women's hospital, had a radical reconstruction in 2006. In its current state, it provides 225 luxurious residences and 28,000 square feet of ground-floor retail space, including the ease of a Trader Joe's. Each apartment features spacious open floor plans, exquisite finishes, and modern design elements that lend a sense of refinement and elegance. For visitors of owners, there are also small rental apartments available. It is a pet-friendly neighborhood that is close to the Foggy Bottom Metro. The Kennedy Center is a must-see for locals, wh... 11/04/2023

Today, I'm delighted to introduce Chef Rupa Vira, a pioneer in our region to introduce the first all-vegetarian Indian restaurant (Signature) and an upscale restaurant (Celebration) without heading to DC.She also has Rupa Vira’s Catering Services which is one of the leading Indian caterers in Virginia, Washington DC, and Maryland! In all her culinary endeavors, she's all about bringing that authentic taste of India. Chef Rupa Vira crafts her dishes with a genuine blend of Indian spices, and freshness is always a guarantee.You could call her a Restaurateur, a Caterer, and an Executive Chef – she's earned quite a reputation in the area!Check out both of her restaurants and catering services here:https://www.instagram.com/celebrationva/ https://www.instagram.com/thesignatureva/ https://rup... 11/02/2023