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| Are the Buyers still spđź‘€ked? |
| What's that you say?! Interest rates have dropped to UNDER 6%?! So Buyers must be flocking to purchase homes, right? Wrong. Buyers are STILL hiding, even with the rate cuts. Why? Because of this teeny tiny lil' ol' thing called the Election. Neighborhoods close in to the Capitol tend to s-l-o-w in the weeks surrounding a Presidential election.
Our historically robust DC market is no stranger to elections, and most years easily weathers the 2 and 4 year cycles for our local DC, Congress, and House elections. But the 4 year Presidential Election years typically mean a slower paced 4th Quarter prior to a decision being made in November (or whenever...) and everyone being secure in where their candidate, and often, their job/salary etc. has landed. Clarity moves people off of fences. Things are not clear right now, and we expect things to remain a little slower than usual, then heat back up after the election and afterwards. If history is any indication, we'll likely have a more active winter and Q1 2025 market than usual. This doesn't mean listings aren't selling or that we won't see ANY multiple offers here and there, but broadly we are in a much more evenly balanced market between Buyers and Sellers right now, with inventory sitting longer than we've seen in awhile.
So... if you're a Buyer not restricted by these things - get out there! The rates have dropped, there are great listings on the market, better terms to be had, and less competition. And if you're a Seller on the market now, the ball may not be entirely in your court anymore. Property is still selling and prices are holding in many areas, but you may be in for more of a waiting game so sit tight, and be flexible. If you're thinking of Selling in upcoming months, get your ducks in a row now so you be ready to make hay when the sun shines.
And whoever you are, call on the Jeanne Phil Meg Team to help you make a sound real estate plan, based on decades of industry and personal experience!
~jeanne, phil, meg, alex, annie, and christine
Oh, and PS: VOTE like your life depends on it. (Like we have to tell you all, the most active and engaged group of citizens in the world. ;-) |
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| What You Can Learn From Ultra-Wealthy Buyers Before Purchasing A Home |
| While each ultra-wealthy individual is unique, there are some general trends in their decision-making process as it relates to real estate transactions that every homebuyer can learn from...
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| | | JPM Team First Friday Happy Hour |
| Shelter at The Roost 1401 PA Ave SE
We'd love to buy you a few rounds & bites, hang out and hear how your Fall is shaping up.
More about Shelter HERE! Add to Calendar |
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| | | American Roots Concert Series - 2 concerts left! |
| Hill Center 921 PA Ave SE
We love sponsoring this great FREE concert series at Hill Center. Bring a blanket and your peeps, grab something from the outdoor bars, and enjoy a nice Fall afternoon with great music.
More info HERE! Add to Calendar |
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| | Atlas Permorming Arts Center 1333 H Street Northeast Washington, DC, 20002 |
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| | | Join Team member Phil for the first concert of the season -RENEW. Phil recently joined the board at Capital City Symphony and JPM is a proud sponsor. Get Tickets HERE! Add to Calendar |
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| | | | Laila's Legacy Annual Gala at Eastern Market |
| Join us in supporting Laila's Legacy Animal Rescue! Enjoy a silent auction, raffles, cocktails, and music as we raise money and celebrate nearly 2 years and over 400 lives saved! More info and get tix HERE! Add to Calendar |
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| | | | A Literary Feast! Our Team and Capitol Hill Community Foundation Board Member Jeanne are proud to co-sponsor this fundraiser. Dozens of dinner parties will be held simultaneously in Capitol Hill homes (including Phil's and Meg's!) all for a great cause - funding grants to local schools and organizations. Learn more and sign up HERE! Add to Calendar |
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| | | | | JPM is proud to again sponsor this great community event that was created by 3 Capitol Hill moms in 2001 as a fundraiser for their children's neighborhood public school, the Capitol Hill Cluster School. Buy a ticket and support making the Cluster School's creative curriculum available to every child. Learn more HERE! Add to Calendar |
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| | | | Gingerbread Party: Save the Date! |
| Dubbed "The Event of the Season" by guests young and old, our Annual Gingerbread party will be back at Red Bear Brewery this year on Sunday, Dec 8, 2024 from 1-4 pm. Mark your calendars now and keep an eye out for our email invitation! Add to Calendar |
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| | Giveaway! Name the Author - Get the Book |
| Clue: This long-time Capitol Hill neighbor and historical fiction author has a new book out, and it's not about Edgar Allan Poe! Can you guess the author and/or title?
Correct answer gets the book and we'll be shopping for it at our local bookstore, East City! email: christine.oreilly@compass.com |
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| | Enjoy a few bites from your favorite restaurants at the 32nd annual Taste of Bethesda! Admission is free, with taste tickets available for purchase.
Click HERE to learn more. |
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| | | Celebrate the Fall season in Old Town Fairfax! This hometown festival features more than 400 arts, crafts, food and activity vendors, and three stages with live entertainment. Admission is free!
Click HERE to learn more. |
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| October 18th-20th, 6-8:30pm |
| | Grab your costumse and enjoy 30 trick-or-treat stations at the National Zoo! The animals will interact with jack-o'-lanterns and other spellbinding Halloween-themed enrichment. Tickets are $25 - $35.
Click HERE to learn more. |
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| Best Places to See the Changing Leaves |
| As the fall foliage reaches a peak, there are many places to enjoy the colorful splendor. From DC to Shenandoah, Harper's Ferry and Sugarloaf mountain, make sure to take in the beautiful views.
Click HERE to learn more. |
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| Lifestyle Tips and Tricks |
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| 5 Things To Know About Buying A Home This Fall |
| The real estate game is finally shifting in buyers’ favor... |
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Homes Near Top-Rated Schools Cost Nearly 80%... |
| But homebuyers can still find bargins by giving up one thing... |
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| 10 Cosmetic Upgrades to Sell Your Home in Record Time |
| Caution: Project results may make your home so beautiful, you won't want to leave. |
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| | | 3 BD 3 BA approx 2248 SF $1,150,000 |
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| | | 3 BD 4 BA approx 2919 SF $1,200,000 |
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| DownsizeR Alert! Capitol hill |
| 1324 E St SE - The Buchanan School Reach out to the team to find out more about what's available in this building. |
| This elegantly designed and modern space offers unparalleled convenience and luxury. Imagine effortlessly bringing in your groceries, walking your dog, and taking the elevator up to your new home. Located in the heart of Capitol Hill, The Buchanan School is just a short stroll away from two metro stops, Safeway, Frager’s Hardware, The Roost Food Hall, Mangialardo's Italian Shop, Sweet Crimes Bakery, La Lomita, Trusty’s beloved local bar, Eastern Market, Barracks Row, and an array of restaurants, boutiques, and essential services. Residents enjoy access to a bike room, a mail room, a stunning common room with pocket doors for private gatherings, and a beautifully landscaped communal outdoor patio equipped with grills. The Buchanan School is not only pet-friendly but also investor-friendly, making it a versatile investment for your future, no matter where it leads you. |
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| Why Use Private Exclusive? |
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How can Private Exclusive Listings be great for Sellers? “Days on market” and “public price drops” are value killers for sellers. Often, listing a property for a period in our COMPASS Private Exclusive platform is a great way to pre-market listings, receive pricing feedback from other COMPASS agents, and generate excitement for a property while sellers are prepping their property for a full public listing. Sometimes, a COMPASS buyer agent may have the perfect buyer match who makes an early offer on a property in PX, but even if the magic doesn't happen, PX listings do not accumulate days on market or show price history, so Sellers can hit the public market in MLS fully informed and generate the most interest, once they are ready.
How can Private Exclusives help our Buyers? There is an exciting amount of inventory coming on the market in upcoming weeks and months! We might know of a home that Sellers choose to market privately, or are open to showing early to our vetted COMPASS Buyers. This is an advantage which only signed COMPASS Buyer clients have access to. We are happy to discuss this opportunity with you and your friends and family!
Find out more HERE! |
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| | Collections is a tool we use to share a curated, visually-pleasing group of listings with our clients. Every month we set up new public listings as a collection so we keep our clients up to date on any new listings that have popped up. Check them out below and CALL US to discuss how we can help you find the home of your dreams! |
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| | The Jeanne Phil Meg Team at Compass
jeannephilmeg@compass.com |
| jeanne harrison: (202) 841-7717 phil guire: (202) 255-8401 meg shapiro: (202) 329-4068 alex schindlbeck: (202) 699-0141 annie richardson: (202) 740-5084 christine o'reilly, team manager o: (202) 545-6900 |
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Office: 646-982-0353 Compass Real Estate is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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