https://terringwanggroup.com/wp-content/uploads/2024/11/NOV17-Market-Watch.mp4The Washington DC real estate market for the week ending November 17, 2024, shows steady activity with mixed trends. Buyer interest remains strong, as evidenced by a 26.3% increase in showings year-over-year and a 14.4% rise from the previous week. However, new purchase contracts have slightly slowed down, down 2.3% from the...
Terring Wang Group
https://terringwanggroup.com/wp-content/uploads/2024/11/AREAA-Final-1.mp4 🌟Exciting times in Vegas! I'm thrilled to have been a speaker at the commercial sections, sharing my journey from residential to full-time commercial real estate. Engaging with the audience was a fantastic experience, and I'm grateful for the opportunity to connect and share insights. 🌟 If you have any commercial or...
Join us for an enlightening journey into the world of commercial real estate! 🌟 Terring Wang, AREAA DC Commercial Committee Chair, invites both members and non-members to an engaging event that promises to unveil the intricacies of the commercial real estate landscape. This is an exceptional opportunity for seasoned investors and newcomers alike to expand their knowledge and network...
https://terringwanggroup.com/wp-content/uploads/2024/10/Market-Update-27Oct-1.mp4For the week ending October 27, the Mid-Atlantic region saw 5,783 new contracts. With improved affordability this fall, new contracts are up 13.2% compared to the same week in 2023, and are noticeably higher than levels from 2022 as well.There has been a substantial increase in showings for the second consecutive week,...
The Peterson Companies have received approval to redevelop a former office site in Fair Lakes into a project featuring up to 380 new apartments, signaling an increase in residential development in the area. Fairfax County lawmakers unanimously approved the rezoning of the 4.4-acre parcel at 12801 Fair Lakes Parkway, previously occupied by the 1980s-era Parkway Woods office building, during their...
As Halloween approaches, Washington, D.C. is set to become a hub of festive activities, with bars and restaurants throughout the city hosting exciting pop-up events that celebrate the spooky and extravagant. These enchanting venues are offering immersive experiences that feature creative decor, themed menus, and captivating atmospheres. Whether you’re seeking Instagram-worthy moments, eerie vibes, or...
DC Metro had a median list price of $419,990 for the week ending October 13. The fall season usually sees consecutive declines as the market cools for the year, but there was a 2.1% increase from last week, bumping list prices 6.6% higher than the same week in 2023. Many buyers have returned to the market, keeping prices elevated for longer. There were 5,835 new purchase contracts in the...
This year, The Washington Post’s annual fall dining guide highlights four exceptional restaurants in Montgomery County, ranging from a modern Greek establishment in North Bethesda to a Latin eatery in Silver Spring noted for its artistic menu. Lime & Cilantro Salvadoran chef Danny Chavez’s menu at this Silver Spring Latin restaurant has been praised by Sietsema as an “art show,”...
For the week ending October 6, the median list price in the Bright MLS service area was $410,450, marking a 1.1% decline and continuing a trend of decreases for the fourth consecutive week. This drop is typical as we transition further into fall. However, despite this seasonal trend, the current median list price remains 2.9% higher than it was during the same...
The team responsible for the next growth phase of the Parks at Walter Reed is proposing a significant change: replacing condos with larger townhomes. Bethesda-based Urban Atlantic, Reston homebuilder NVR Inc. (NYSE: NVR), and architect BKV Group submitted plans this week to the D.C. Historic Preservation Office for 62 four-story townhomes on parcel H/K at the intersection of 13th Place and Dahlia...