It may be April Fool’s Day, but this market is no joke! We’ve said it before: List your home early in the year. Buyers have been out for months, and most sellers are still de-cluttering. We had nine successful closings in March and we are looking forward to warmer weather and new listings in April. If you are thinking of listing your home this spring, give us a call. In most neighborhoods the market is hot, but pricing and staging, as always, are critical. Buyers must be ready with pre-approval letters in hand, and waiving contingencies is already common in many hot neighborhoods, particularly in DC.
We enjoyed a great turnout at our February and March first-time home buyer classes, and now we have scheduled classes for April 22nd and May 12. As always, the classes are FREE, but registration is required. Contact us for details.
February saw increases in median sales price and number of transactions for Arlington, Alexandria, Falls Church, and Fairfax over February 2014 numbers. We expect to see similar increases for March and into the Spring. According to the Washington Post , the District’s real estate market is poised to continue its upward trajectory this spring. It’s still a strong sellers’ market with inventory falling short of demand. However, more buyers have greater purchasing power and interest rates are still strongly in their favor.
As we settle into spring it’s important we do some seasonal home maintenance. Click here to view a checklist we created to help you get started. Should you need a referral to a vendor, please give us a call we have many preferred vendors we refer our clients to.
We make it our top priority to be abreast of all the latest information available to help you make the best real estate decisions at the right time. Call or email us to discuss your real estate needs.
The Wethman Group