Thank you for the continued trust you have put in our team. There is no question it has been an unpredictable year for everyone, but we made it through with the loyalty and support of friends like you.
Homes have never been more important and specific needs have changed drastically based on the new world we live in. In times of uncertainty, there is a flight to those with experience and a proven track record.
We have done our best to face the challenges head on and make the adjustments to create success stories for all of our clients. It is incredible to think we have sold homes that the buyers never stepped foot in prior to settlement.
We are here for you today and always and will never let you down.
Cheers to health, happiness, and prosperity in 2021!
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The 2020 housing market has been surprisingly resilient, and even record-setting, despite other economic indicators of tumult.
The National Association of Realtors held its Real Estate Forecast Summit this month where a number of experts weighed in on what the market will look like next year.
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Housing prices will continue to rise — Experts anticipate that prices will increase by 8.8% nationwide in 2021.
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Mortgage rates will increase — Although mortgage rates have regularly dropped to new record lows in 2020, they are expected to return to 3% for long-term mortgages next year.
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Single-family housing starts will increase — Housing starts are expected to average around 1.5 million per month next year and 1.59 million per month in 2022. Over 1.5 million houses broke ground in October.
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Alternative home investments will continue to gain in popularity— As informational sessions on online platforms like Zoom have become the norm, more people are interested in flipping houses, purchasing rental properties in lower-priced markets, and taking advantage of opportunities to pool small investments (as low as $100) together to buy houses as investment properties.
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Expect to see a shift in demand for retirement housing — In 2020, fewer people were interested in putting their parents in assisted living and other senior facilities because of the pandemic, so there is pent-up demand for retirement housing that is also depressing market supply as older people stay in their homes.
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A foreclosure crisis is unlikely...for now — Because of the myriad of forbearance programs available to homeowners, if there is a foreclosure crisis, it likely will not start in 2021 — but it could come in 2022.
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Multifamily construction starts may slow — Although multifamily construction has been relatively strong this year and is at 40-year highs, most of those projects were already in-progress, and it is more difficult to get multifamily deals underwritten now than it was at the beginning of the year.
The source for this data is Urban Turf and the above predictions are either from a survey of more than 20 housing and economy experts, or from a Residential Outlook panel held during the Summit.
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2426 Wyoming Avenue, NW
$4,900,000
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1714 10th Street, NW
$2,095,000
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2113 11th Street, NW
$1,499,000
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1302 W Street, NW
$1,299,000
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MORGAN HEIGHTS
2717 Ontario Road, NW 10 New Residences
Priced Between $499,000 and $899,000
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POET PLACE
1923 9th Street, NW
Residence #1 - $684,900
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Leading The Washington DC Market Share |
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Thank you to our wonderful Washington Fine Properties clients who put their trust in the power of the brand! With just 168 agents throughout the Capital Region, we consistently outperform our competition and that is why DC’s most discerning clients turn to the team that consistently produces successful results. We love what we do and take pride in creating success stories for all our clients. |
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Working with Daryl and his team was truly a dream. They made the process so easy and efficient, every detail was taken care of and quickly. They knew all the right questions to ask and presented options when there was more than one answer. Our unit sold without delay due to the recommendations provided by the team before we listed. Will definitely be using WFP in the future!
- Patrick, Alanna, Taylor, Charlie & Harry
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Search For Your Neighborhood Home Here |
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Are you looking for property in a specific neighborhood? We have created searches so you can focus on the areas where you are most interested in your home search. Click on any of the following neighborhoods to see a list of properties currently for sale. If you would like to schedule an appointment to view any of the properties, please give us a call. |
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Backed by the prestige and power of Washington Fine Properties, Kimberly & Daryl's track record speaks for itself. They are consistently ranked among the top teams nationally and locally, with almost a billion dollars in sales!
They are referenced as “Power Brokers” and “Real estate phenoms” in the press and have recently been featured in the Wall Street Journal, Washington Post, NY Times, Capitol File, DC Modern Luxury, Washingtonian, Washington Life, Washington Business Journal, the Georgetown Dish, and more.
Their reputation has been forged by offering the same level of dedication and enthusiasm to each transaction they pursue. With access to private listings, developer pipelines and their finger on the ever-changing pulse of the Washington, DC market, Kimberly & Daryl give their clients an undeniable edge.
- Average Days on Market: Seven
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Average Sales Price: $1,609,750
- Average Sales Price Over Asking Price: 101%
For many of us, buying and selling a home is the biggest financial transaction of our lives. Accept nothing but the best, with access to the finest.
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#1 on the East Coast for the Highest Average Sales Production per agent
#1 for the Highest Average Sales Price on the East Coast
#1 in the Capital Region for Top Ranking Agents
#1 for Luxury Sales
#1 in Global Reach. Member of three global networks giving our clients the largest and most extensive global reach in 6 continents and 40 countries
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