Buyers or sellers market?

  My recent 2 bedroom listing that went under contract in 3 days. We had 2 offers. On Saturday, I tweeted an article from The Washington Post titled "Buyer's Market for Houses is Fading." This declaration led to a frenzied back and forth with one of my twitter followers about whether or not DC ever had a buyers market.   His point was DC never had a buyers market because prices have increased year over year for the last few years.  My point was DC had a buyers market in '10 and '11 and switched to a sellers market at the beginning of this year.  We agreed to disagree but in hindsight, my statements were correct.  Price increases aren't what designates a buyers or sellers market.   So what is the definition of a buyer's market and a seller's market?  And why should you care?   A buyers market is when there's more sellers than potential buyers.  A sellers market is when there's less sellers and more potential buyers.   For the first time in years, the DC market has reverted to a sellers market.  The article on Saturday noted "in Washington and nearby suburbs, listings are down 28% reports Redfin, a national online brokerage."   What does this mean for you?  If you've been thinking of listing your home, it's a great time to do so.  You still need to stage and price your property accordingly but things are selling and selling fast.  Often, there's multiple offers.   If you're a buyer, be prepared to make fast decisions.  If a property is well priced and in a desired location, bidding is fast and furious. You should be pre-qualified. You should have a substantial down payment.  You should be prepared to potentially pay list price or over list price.   Welcome to real estate 2012!...
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riveting rooms

One of the best parts of being a real estate agent is helping your friends buy a place.  Sometimes, they even want advice on furniture, paint and accents.  *which i love* Over the weekend, a friend ratified a contract and I'm already creating potential rooms.  If all goes according to plan (fingers crossed that the home inspection goes well), they'll soon have a living room, sun room AND basement to decorate. It's so exciting! The good thing about so much space is they could easily use both of these rooms for inspiration.  They already have a lot of international (for lack of a better word) influences in their house because both have traveled the world.  I like the jute rugs in both rooms plus the richly colored couches.  Maybe the blue couch could go in the sun room and the orange couch in the living room?   There's endless possibilities.   orange couch photo Deborah French Designs. blue couch photo Emily Henderson...
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wth?

Once again, I'm uninspired by the new listings this week.  I'm bored.  Let's laugh instead.   Sometimes, listing photos make you scratch your head and say "wth?"  A few of my favorites...
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it’s the little things

Do you have art/accessories on your walls that make you shudder every time you glance at it?  I do. When I moved into my condo five years ago, I had a lot of wall space and a little bit of money.  I spent every available penny I had on purchasing and furnishing the place. I threw up a few things that I didn't love and I've lived with it.   A prime example is the mirrored squares on the left.  Meh.  They're not the ugliest things I've seen but they're definitely not exciting.   They filled this long narrow space next to the bar and for years, I've wondered how to replace them.  With art? Another mirror? Nothing? I've been searching intermittently but it's an oddly shaped area.  After a lot of deliberation, I decided to look for a series of 8×8 prints. Do you know how difficult it is to find 8×8 prints that are original and well priced?    After a long search, I stumbled upon the website Society 6 which sells affordable art prints, t-shirts, canvases, and iphone cases.  I know..it's a strange mix.  I found it when I was looking for cool iphone cases.  It has a million stylish choices in all of the categories.  I found the four pieces on the right and the most expensive print was $24.  I ordered the frames from pictureframes.com.   It's a small change but I love it!  Next is new paint....
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latest and greatest

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sold: first friday

2719 Daniel Rd. Chevy Chase, MD 20815 4 bedrooms, 4.5 baths 3,080 square feet Estimated taxes: 10,369 list price: $1,090,000 sold price:  $1,225,000 DOM: 6 days In May, I fetaured this marvelous mid century modern home in Chevy Chase, MD. Apparently, I wasn't the only person who thought it was fantastic.  It sold 135K OVER list price.  That's amazing!   Built by an apprentice of Frank Lloyd Wright, 2719 Daniel St. has the classic FLW harmony of nature and design.  It's nestled into a hilltop and surrounded by trees.  There are floor to ceiling windows everywhere and a natural stone fireplace and accents pillars.   There's an open floor plan that includes a living room, dining room, family room and kitchen.  It's been recently renovated in a tasteful manner that keeps with the original spirit of the house.  One of my favorite features of the house (besides those gorgeous green views) is the lap pool off the master bedroom.  Yea. You read that correctly.   The current owners have been in the house since 1972 and purchased it for $63,500.  Isn't that incredible?!  ...
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riveting rooms

Mid century modern homes are an enduring love of mine.  This one in California has all the classic elements I enjoy but has been reinterpreted for contemporary living.  The entire house is striking but my favorite room is the entry way.  The Lalique flower chandelier, pops of orange with the bold art and the driftwood table contrast beautifully with the wood paneling.  Who thought wood paneling could be chic?   *photo via fresh...
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first friday

100 Eleventh Ave. Penthouse NY, NY 10011 4 bedrooms/3.5 baths 4,675 square feet/$6,808 monthly condo fee list price:  $22,000,000 The new listings in DC this week were uninspiring.  Instead, let's take a peek at a fancy condo in NYC.   The building was designed by famous French architect Jean Nouvel and has over 1600 windows.  It's located in Chelsea and has amazing views of the city. Building features include a concierge, a full time door man, a court yard, an exercise room, and a pool. This particular unit was also featured on "Million Dollar Listing NY" and it's jaw dropping.   It has 14 feet ceilings, two fireplaces, floor to ceiling windows, an enclosed terrace, an outdoor terrace, an open floor plan plus an amazing kitchen and baths.   On the Douglas Elliman Real Estate website, it says the unit is under contract. Curbed NY reports that the unit has sold for $19.4...
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dive in

It's been so hot the last couple of days, I've dreaded going outside and I can barely concentrate.  In fact, all I want to do is dive in a pool.  This one over looks Cannes.  Not a bad view, right?  It'll only cost you $23 million. A girl can dream… *photo via Sotheby's International…for the rest of the virtual tour, click...
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‘hood happenings

links and photos top to bottom: POP, CJDC, CJDC, Urban Turf, DCist, The Washington...
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Novel novels

While I was at the beach over the 4th of July, I read six books and only two were worth mentioning (besides the Dark Tower series but I won't bore you with that obsession.)  Don't you hate that? While the other novels were disappointing, I'm happy to share two that I loved.   The first book, The Shadow of the Night by Deborhah Harkness, is Book Two in the All Souls Trilogy.  The first All Souls novel, The Discovery of Witches, I read last year. I've been waiting for Book Two for months and recently, it was finally realeased.   As I mentioned in my first Novel Novels post, this book is all about the super naturals: witches, vampires, deamons, and ghosts.  In Book Two, there's all the supes plus time travel to Elizabethan England.  It's fascinating.   The second book is The Beauty of Humanity Movement by Camilla Gibb and it's a beautiful tale.  It's totally different from anything I've read lately.  It starts with an intro about the intricacies of the national Vietnamese dish pho'.  It weaves between past and present and examines a Vietnam that won't be familiar to most readers. Besides pho', the book is about lost love and a little known group of artists and intellectuals, The Beauty of Humanity Movement, who questioned Communist rule with disastrous results. It's an interesting mix and for me, that makes it a must...
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riveting rooms

A couple of weeks ago, I mentioned wanted new slip covers for my couches. Currently, they're rust like the first picture.  I also have blond mid-century furniture and I've loved the look for years.   I've had the rust couches for five years and I'm ready for a change.  The color I've chosen is a Bella Thunder which is a lovely grey.  I can't wait to receive them and see how it changes the room.  I'll still have my blond mid-century furniture but it'll be a whole new look!    top photo: Amy Lau Design.  Bottom photo: Paul...
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