Someone somewhere said that supply rules everything. Boy, they weren't kidding. In February the Washington D.C. Housing market was dictated by the fact that the inventory is slim pickings and the well priced home moves fast. In fact, if you were to look at 2007 numbers of inventory, this last month comes very close in comparison. Just take a look at this graph below:
Condo and Coop - Washington. D.C.
Single Family Housing - Washington. D.C
It's pretty obvious by the graph that the Seller is able to be a tad … (2 comments)
washington dc market: Washington DC, Detailed Market Housing Report January 2010
- 02/20/10 04:40 AM
Property Sales January Property sales were 308, up 15.8% from 266 in January of 2009 and -42.6% lower than the 537 sales last month. January 2010 sales were at a mid level compared to January of 2009 and 2008. January YTD sales of 308 are running 15.8% ahead of last year's year-to-date sales of 266.
Prices The Median Sales Price in January was $350,000, down -1.5% from $355,156 in January of 2009 and down -9.1% from $385,000 last month. The Average Sales Price in January was $467,660, down - 450 3.8% from $486,252 in January of 2009 … (0 comments)
What does it all mean? It would seem that March was a turn around month for everyone! At my office in Chevy Chase we experienced a dramatic turn as well, and now the city seems to be recovering! If we have anything to lay our hat on it's the fact that November - February is over, and we can start to experience a more normalized market here in the district. Let's hope it all can continue. Here is to … (1 comments)
washington dc market: Realtor Magazine (yes, the published one) published me...Woooooo Hoooooo!
- 03/25/09 07:35 AM
Hi Everyone: I’m excited so I hope you don’t mind me sharing. Realtor Magazine (yes, the actual print version) published me in their April Issue. The title is, “Working With Generations X and Y: 5 Ways to Recruit and Retain”. Now, the interesting thing (and I did not know this) is the Magazine publishes two versions for its members – an agent version and a broker version. Who knew? So, if you have the Broker version the article is on B4. If not, here is the direct link to the article: http://www.realtor.org/rmobrokers/articles/2009/0904_broker_genyxrecruiting Anyway, it’s short and sweet, and I hope you like it! … (9 comments)
Something happened to me this week that has never happened: an agent leaving my office trashed me on FaceBook. In other words, I was slimed! Now, I had a good relationship with this agent, and after two years of doing this I have hired agents and lost agents, and I know that sometimes it's just not a good match. Usually, when an agent leaves I always wish them well, because the truth is things don’t always work out. In this case I felt sincere in my wish for him to start anew - but when … (9 comments)
I am so confused. Can someone please tell me what, in all that is holy, the Stimulus Package - oops, I mean the American reinvestment plan, will do to help this industry get off the shnide? I’m seriously loosing it. Here’s why: 1) Transparency? NOT! Maybe because I am responsible for actually giving answers that mean something, before Tuesday, and before the President actually signs the bill, my agents expect me to have some answers on how the bill is going to effect our clients today.Now, like you, I received the email from the NAR President explaining all the … (5 comments)
1. Sometimes the little green guys with the big floppy ears know what they’re talking abouThe best part about being open to new ideas is you never know where they are going to come from. For instance, as a younger managing broker, should I not listen to those who have had different or more experiences than me. What I love is that usually, when I’m open to it, I continue to learn things from all kinds of people, … (4 comments)
5 things Harry Potter has taught me about Real Estate:
1) Being in the Weasley family is way cool. There is nothing like being a part of a family. As an agent I didn’t like thinking in these terms - I wanted to be a lone wolf. But, as an office leader I can tell you without a doubt there is nothing more valuable to an agent's success than being a part of an office culture and a team that is focused on success. And, just like the Weasleys, it’s nice to have someone always … (56 comments)
So, I have been actively recruiting this agent for a while now. She is everything I want - brilliant, talented, and a truly special agent who has had some early big successes in her career. We love each other. We've said so. We tell each other how perfect we would be if we teamed up and she joined my office. Because she can help my office continue to grow, and I can help her do it. But guess what happened on the way to the alter? Exactly. You guessed it - the details. Damn I … (6 comments)
washington dc market: Perspective
- 01/05/09 01:56 AM
You want some perspective? How’s this:1) John Travolta’s 16-year-old son died the other day.2) 6 people died in a house fire in Washington DC, including children.3) Steve Jobs, the greatest technology innovator of the last 30 years, has some kind of weird hormone imbalance that makes him look like an anorexic.4) My 5 year old lost her 1 week old Leapster 2.5) I’m about to have my 2nd back surgery and I’m not yet 35.What’s my point? Is it really that big a deal that our clients are driving us crazy, or a someone says something to us that is somewhat … (3 comments)
washington dc market: "It's just a form?!"
- 11/17/08 01:35 AM
Trying to lead a group of people who look at you for answers can sometimes be a difficult proposition, especially when you know the law of averages means you will be wrong at least some of the time. And just between you and me, I’m not always right (“Now he says the truth,” my wife says from the other room.).But, have you ever noticed, that maybe one of the failures of our industry, is that leaders of real estate offices are not expected to be astute business builders, or growers of talent, but rather - that we are expected to pretend … (0 comments)
washington dc market: I need an Agent!!! REO team!!!
- 07/14/08 03:21 AM
I know I probably shouldn't use a blog for this, BUT, I need an agent for an REO team in my office. They are overwhelmed and need someone right away. If you're interested let me know. I'll make the introduction.
… (0 comments)
washington dc market: Hello?!?! Is anyone there?
- 06/26/08 01:22 AM
Hello?!?! Is anyone there? Seriously - is there some kind of written law somewhere in the bible of real estate that says after June 15 all licensed agents must hibernate in order to survive the long summer? It never ceases to amaze me how, as a collective, we stop working. Now, please, don’t misunderstand. I am not talking about you, or me, or the amazing agents you know and love. I am talking about the 85% of the other people, who got licensed, never come to the office, never go to trainings, and who never know what they’re doing. I’m talking … (7 comments)
washington dc market: I've been told I've been missing!
- 05/17/08 01:52 AM
So, here's the cool news...people have noticed I haven't had time to write. Here's the better news, I have god reason. I've been a tad busy. The Chevy Chase office is doing something incredible. When comparing listings sold from January 1 to May 12, 2007, to the same dates in 2008, we have improved by 103%!!! Bad market? Not here!The agents in the Chevy Chase office are dedicated and passionate about what they do, and it shows in the numbers.So, here's the deal - do not let anyone tell you you can't make things happen in this market. YOU CAN MAKE … (3 comments)
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