July is the New August

By
Real Estate Agent with Marcie Sandalow, Compass 301.758.4894

August real estate

July is the New August

Ahhh.  August in DC.  While I’m not complaining about the lack of traffic, the abundance of parking spots and the ease with which one can waltz into a restaurant and get a table just like thatAugust is no longer seen as that forbidden territory when it comes to listing houses. We were talking about real estate in the office today, focusing in on the fact that July was not as busy as June or even May. And someone blurted out “July is the new August.” And they're right. DC schools are starting 3 weeks earlier this year (August 23).  July even behaved like August, breaking all records with an average temperature of 81.3 degrees (ugh). And, it seems like more people are clearing out of town in July than ever before.  If my friends are any indication, this is true.  

Conventional wisdom used to be that one would never list a house in August. The reasons are many, but mostly because yards are dry and ugly and the city is empty.  That said, inventory has been so low during the past few years that now there isn’t the same stigma associated with August listings.  One is no longer viewed as being “desperate.”  In fact, why be part of the crowd in September when you can stand out in August?  The buyers are still there.  I just held a first open house on August 1 where at least 30 groups came by for a look.  And they were all salivating over the house (which, unfortunately for them, was already under contract).

So, sellers, take heed.  Buyers, too.

And never, ever list your house in December. Heh heh.

 

Posted by

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Marcie Sandalow is a realtor with Evers & Company Real Estate, Inc. in Chevy Chase, DC.   
With 15+ years in the business, and a sharp understanding of her client's needs, she serves Buyers and Sellers
in and around Bethesda, Chevy Chase, Washington, DC, Kensington, Rockville, Silver Spring and Takoma Park. 

E-mail:  marcie@bccdcrealestate.com
Cell:  301/758-4894

Website:  BCCDCRealEstate.com and DCHouseSmarts.com

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Rainmaker
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Michael Bergin
Coldwell Banker Residential Brokerage - ABR - SRES - Alexandria, VA
Northern Virginia Real Estate

Marci -

We are seeing the same thing here in Alexandria.  Between the snow storms this winter, the record breaking triple digits this summer and the freak thunderstrom that swept through here last week I feel like all bets are off.  Mother Nature is sending a message - why wait, the time is now.

MB

Aug 09, 2010 01:57 AM #1
Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Marcie, I had to laugh when I read this one.  I do think that the super hot weather creates super hot deals for buyers willing to get out there.

Aug 09, 2010 02:55 AM #2
Rainer
478,183
Not a real person
San Diego, CA

Our July broke all records, too, but it was for the coldest July since 1933. Amazing how global warming impacts local climates.

Aug 11, 2010 07:23 AM #3
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Marcie Sandalow

Bethesda Chevy Chase DC real estate
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