DC spring market PLUS Location, Location, Location...

WOW! I am SO glad summer is here so we can get a little R & R! My team had such a busy spring real estate market here in DC! Great product in great locations moved quickly, many with multiple offers! So goes the spring market in DC. The reason for some properties to lag on the market while others have multiple bids STILL comes back to location. Part of that location equation that we hear less about, but is VERY important is the product. Try to purchase the BEST product in the BEST area for a conservative better-long term investment. We say MANY properties that were purchased in the past 3 years (since the market reached it’s peak frenzy) sell this spring market (or last spring as well) for MUCH more than they were purchased! These are LOCATED in the BEST areas! Areas where people REALLY want to live; HAPPENING areas with boutiques, restaurants, stores, amenities...this part of the LOCATION equation remains constant through time. Focus on these areas in DC and you will have a GREAT investment. (And please hang onto these properties for “long term”, meaning 5 years+) Some ‘newer” HOT areas in DC are Logan Circle, U Street, Columbia Heights, & Mt. Vernon.