Thank you for your kindness, support, and loyalty.
We are grateful every day for YOU, to have each other, to practice real estate in a city we love, and to work with inspiring, kind professionals.
We are committed to continue to strive for excellence in all that we do.
We look forward to seeing you soon to share in the joyful spirit of the festive season.
May the good things of life be yours in abundance this Thanksgiving and always.
With love from,
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New York State of Mind
Can you imagine having dinner on the 131st floor?
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Kimberly had the opportunity of being an honored guest at dinner at the most expensive listing in America. It is a $250 million condo on Billionaire’s Row in the tallest residential tower on the planet, with one of the top brokers in the world, Ryan Serhant, and his exceptional team. |
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The New York Trip did not stop there – she also participated in an expert-led Mastermind conference filled with presentations by market leaders discussing strategies to maximize client experiences. |
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Louis Vuitton knows how to throw
a 200th birthday party.
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Kimberly LOVED this! For a fun side trip if you are headed to NYC before the end of the year, be sure to check out the Louis Vuitton Exhibit “200 Trunks, 200 Visionaries.” For the past year, the French luxury fashion brand has been honoring its founder’s bicentennial with a traveling exhibition featuring some of the world’s top artists. The show has gone from the Louis Vuitton maison in France to Singapore and Los Angeles before reaching its final destination: New York.
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The Kimberly Casey Team is a
proud sponsor of Children’s National Hospital at the Four Seasons
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Light Up the Season is a family-friendly event that supports the inspiring patients, families and staff of Children’s National Hospital. This year, the Four Seasons engaged a premier, Chicago-based, event design and décor company to transform the property into a magical, multi-dimensional holiday dreamscape. We look forward to seeing you there.
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Teddy Bear Teas on Saturday, Dec. 3, Saturday, Dec. 10 and Saturday, Dec. 17 from noon – 4pm. Join us for a magical holiday tea featuring tea sandwiches, scones, delicate pastries and choice of tea, hot chocolate, or sparkling wine.
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An outdoor Holiday Market every Friday (3pm – 7 pm), Saturday (12pm – 7pm) and Sunday (12pm – 7pm), Dec. 2 – December 18. Shop the Holiday Market on the front courtyard of Four Seasons Hotel Washington, DC.
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Fun Fact
The average list price in DC is $907,625, which is a 5.14%
increase over November 2021.
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The DC Luxury Market Continues to Thrive |
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It is looking to be a very good year for luxury real estate in DC, even with the slowdown over the last few months. Nearly 200 homes sold for above $2.5 million in the city between January and the beginning of October. While that only represents about 3% of listings sold this year, home sales in this price bracket have more than doubled compared to the same period in 2020.
As for where in DC homes sold for more than $2.5 million, it is where you might expect. One out of four homes sold in Spring Valley and Kent fell into this category in 2022, while in Georgetown that proportion is closer to 20% of homes sold. As for the neighborhood where you are almost guaranteed to pay this premium, it's Massachusetts Avenue Heights where the average sales price this year is $3.9 million.
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New 10-Unit Multi-family Opportunity
in Chevy Chase for $7.5 Million
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5305 Connecticut Ave NW
Washington, DC
Why This Is An Attractive Investment:
STYLISH BRAND NEW CONSTRUCTION - A classic setting for your modern story. Ten 2BR/2BA residences over four levels, spanning 10,000+ square feet. Design inspired by Ralph Lauren.
HEDGE AGAINST INFLATION - The multi-family asset class has been commercial real estate’s most sought-after product type since the beginning of the pandemic.
RISING MULTI-FAMILY RENTS - D.C. landlords have benefited from rent increases of approximately 15.7% from Q1 2021 to Q1 2022 with further growth expected in the near future. Despite market turbulence, multi-family remains king. As interest rates and unemployment rise, renters will rent longer, and it will keep vacancy low.
NO TOPA - The multi-family units will be delivered 100% vacant at closing, allowing a buyer to establish rent levels of their choosing and forgo the potentially lengthy and expensive TOPA process. Without TOPA effecting the predictability of the transaction, the property is perfectly suitable for buyers with specific time constraints, such as those completing the upleg of a 1031 tax-deferred exchange.
This opportunity is well-positioned to attract qualified renters upon completion in December 2022.
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DID YOU KNOW?
By 2026, all new buildings and substantial renovations in DC will have to be net-zero construction, meaning they produce as much energy as they consume, under legislation passed unanimously by the DC Council. The legislation also bans most natural gas use in new buildings so no gas ranges anymore. This has been signed by Mayor Muriel Bowser.
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Team Success Story Highlights |
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SOLD in Kalorama for $2,500,000 |
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2212 Massachusetts Avenue NW |
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Anthony’s clients from France wanted to find a home on Embassy Row. 2212 Massachusetts Ave NW offered everything that they were searching for in their first home in Washington DC. With memories from a similar home in China, his clients acted fast and presented an all-cash offer, canceling the weekend open houses! |
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SOLD in Kalorama for $2,300,000 |
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From Australia back to DC. Anthony worked with his clients while they were living in Australia to find their perfect home! After only 5 videos tours of homes in Dupont Circle and Georgetown, they fell in love with 2121 R St NW, and ratified after only one day on market and the listing agent cancelled the open houses. We are so happy to welcome them back to DC. |
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SOLD in Alexandria for $990,000 |
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We are over the moon for our long-time friend and seller, who went under contract with our representation on his home, after only FOUR days on market. We executed an all-cash purchase, no contingencies on 527 Wilkes St. Yes, there have been some adjustments in the real estate market. That is why it is even more important to work with the right agent who has a track record of successful results. We prepare a custom marketing plan for every client that is unique to each home. In this case, we hosted THREE open houses within the first three days on market, executed an aggressive digital marketing campaign to generate the most traffic, and ultimately secured a contract above asking price. This resulted in the highest sold price per square foot sale in the neighborhood! |
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SOLD in Alexandria for $705,000 |
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Michael's Buyers could not have been more excited by this opportunity! He won this beautiful home by making their offer stand out against a competitive situation. This is one of the many reasons why our team will stop at nothing for our client’s happiness which resulted into their dream home! |
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SOLD in Arlington for $975,000 |
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Michael secured another fantastic single-family home in Arlington that had been on the market only 5 Days! Our clients were first time homebuyers; therefore, the purchase process was an entirely foreign experience for them. Working with an agent that provided clarity and patience was paramount to a positive experience. This ultimately allowed them to negotiate their home inspection and receive a significant credit at closing, which was a massive win for them, and their wallets! |
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SOLD in Potomac for $1,400,000 |
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Farleigh met her clients through a mutual good friend who referred them, and they immediately got to work looking for the perfect house! The client’s goal was to expand so they could grow their family and turn someone’s house into their forever home. The buyers were living out of state, so they had to maximize their time together – they identified this house as one of their favorites before even seeing it. Together with Farleigh, they made sure to see others, just to make sure that they loved this one as much as they thought they did! This house has incredible bones, was immaculately maintained and is on a spectacular lot – they are so excited, and we can’t wait to see what they do with it! |
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UNDER CONTRACT in Wesley Heights for $4,190,000 |
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4615 Dexter Street NW Washington, DC |
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UNDER CONTRACT in Burleith for $1,595,000 |
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3607 T Street NW Washington, DC |
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UNDER CONTRACT in Potomac for $2,000,000 |
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11409 Spur Wheel Lane Potomac, MD |
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DID YOU KNOW?
There are 18 ZIP codes where it takes a minimum of $1 million in household income to afford a median-priced home, led by 94027 in Atherton, California, where the median home value at the end of September was $7.5 million and the minimum income needed to afford a home was $1.8 million a year. 9 of the top 11 zip codes were in California, the other 2 were in NY Of the top 50 most expensive zip codes, only 2 were "off coast" - 81656 in Aspen and 89412 Glenbrook, NV (Lake Tahoe waterfront)
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Follow Us For All Things DC Real Estate |
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Kimberly Casey
Senior Vice President
202-361-3228
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© 2022 TTR Sotheby's International Realty. Sotheby's International Realty and the Sotheby's International Realty logo are registered service marks used with permission. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers, we are happy to collaborate and cooperate fully. TTR Sotheby's International Realty is a real estate brokerage licensed in Washington, D.C., Maryland, and Virginia. |
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