Alexandria Live Music Week

150 Shows. 34 Venues. 10 Days. 1 Celebration.

Bacon Brothers will be one of the kick off bands
for Alexandria Live Music Week. They will be playing
 at The Birchmere on the 16, 17 and 18th of July. 

The first ever Alexandria Live Music Week is coming July 10 -19th. Are you going? Count me in.

Music types are ranging from jazz to bluegrass, folk rock and country. Our newest restaurant to enter the Alexandria waterfront food scene (Blackwall Hitch) is hosting 10 of the performances. Other venues including Birchmere music hall, Murphy's Grand Irish Pub, Daniel O'Connell's, the Old Town Farmers Market, Virtue Feed & Grain and St. Elmo's Coffee Pub plus more.

Oh, I did mention 1 Celebration... Alexandria Live Music Week will include the Birthday Celebration of Alexandria on July 11th. Alexandria's 266th birthday will be celebrated with fireworks and the Alexandria Symphony Orchestra playing at Oronoco Bay Park at 7pm.

All tickets and costs for the events are determined by the particular venue. 

Venues are in various locations throughout Alexandria.

To find more information visit: www.LiveMusicWeek.com or go to www.AlexandriaLive.com

www.PatrickDeLeonibus.com

Update on the current real estate market for Alexandria, Virginia and Annapolis, Maryland

Alexandria Old Town 22314
For Alexandria Old Town as earlier suspected we are noticing a slow down in the number of homes going under contract and homes sold from the previous month of May. Currently for the month of June we have 32 homes under contract and 33 Sold. At this rate we are expecting a lower number of contracts for June than we had in May.  Expect for the entire 22314 market to experience a rise in DOM and the average sales to original list price to drop. This shift started to happen extremely quick in the last week of May continuing into June.

Current Conditions: Declining but a stable market

ALEXANDRIA OLD TOWN 22314

April

88 Contracts

68 Sold

May

79 Contracts

85 Sold

June

32 Contracts as of June 16th 2015

33 Sold as of June 16th 2015

193 Active Listings 

Annapolis 21401
However Annapolis (21401) is slightly different with plenty of new inventory hitting the market and new contracts for June projected to be even with the month of May but a lower than usual average sales price. With this lower average sales price and even projection of new contracts we could see the higher end listings $1mil+ take a little longer to sell, the DOM to rise and the average sales to original list price to drop across the board, but more specifically for the $1mil+ bracket. Currently for the month of June we have 34 homes under contract and 24 Sold.


Current Conditions: Neutral

ANNAPOLIS 21401

April

61 Contracts

42 Sold

May

72 Contracts

56 Sold

June

34 Contracts as of June 16th 2015 

24 Sold Half as of June 16th 2015

274 Active Listings

Now available on PatrickDeLeonibus.com are interactive graphics directly updated from the MLS for the following zip codes.

Alexandria, Virginia (22314)
Annapolis, Maryland (21401)
Georgetown, Washington, D.C. (20007)

All data for this article was pulled on June 16th 2015 and considered but not guaranteed to be accurate. Data provided by the MRIS and RealEstate Business Intelligence LLC.

Old Town Metro Bus Garage is up For Sale, $19,600,000 minimum bid!

600 N Royal Street is now up For Sale. The Old Town bus garage in the North end of Old Town is owned by WMATA (METRO). The property contains an entire city block located just two blocks from the Potomac River.

The long awaited offer for sale of this property is not just a straight sale. There is a bidding period and some guidelines to follow for redevelopment of the 2 acre site. The bidding is now open and closes July 17th 2015. On July 17th the top three bids will be selected and they will be asked to submit best and final offers. If you are looking to bid the minimum bid price will be $19,600,000... So you better come in higher. Here is the link for the invitation of bids, Invitation of Bids Packet. In this packet you will also find design guidelines for redevelopment and suggested use. This redevelopment will benefit the North end of Old Town if completed properly and to the standards outlined. Happy Bidding!

WMATA photo

Have you checked out the new website? PatrickDeLeonibus.com

(ListingDC.com, ListingAlexandria.com & ListingAnnapolis.com)

I am excited to announce the new website at PatrickDeLeonibus.com. Since the weather has been so nasty lately I decided to completely redesign the website to incorporate all of our new properties and headlines in one spot. You can visit the site to link to my recently popular blog REstateTrends and also go here to find a little more information about me and my growth in the industry. 

If you are like everyone else you probably can't spell or say my last name from memory... Don't worry! This is why I have created particular URL's pointing to the site. ListingDC.com, ListingAlexandria.com, and ListingAnnapolis.com all redirect to the site. Have a look around and tell me what you think.

www.PatrickDeLeonibus.com

A busy spring ahead of us! I'm telling you how to compete with the other buyers and sellers!

From the activity we have seen this winter we are bound to have a busy spring. Recently lower interest rates coupled with easing in lending. It is now easier and more affordable to get into a new home. Whether you are buying or selling it is important to talk about your needs earlier than later in order to position your purchase or sale correctly. 

Selling:

If you plan on selling in the spring you want to start getting your home ready now and talk to me about what needs to be prepared. It will be all about timing this spring. Do not wait around until the Spring inventory hits. You want to be one of the first on the market since there are already a lot of buyers looking. Remember these three points: Photography, Strategic Marketing and Staging. Photography gets people in your home, Marketing gets the correct people in your home, and Staging keeps the correct people coming back to view your home. I am not saying to hire a stager just create a neutral feel and make your home look like a hotel. If you follow these points as well as appropriate pricing your home will sell and sell quick.

Buying:

If you are purchasing you can still find great deals now and when the spring inventory arrives. Just like sellers you will want to be prepared and understand what you are looking for. Right now I am unable to predict if the amount of inventory coming on will exceed the amount of buyers. If this does happen we will not have a frenzy and multiple offer situation. If we do not meet the demand for buyers you can plan on making competitive offers. So how do you make a competitive offer to avoid competing for a home? It is important to be paired with an agent that understands the market. You will also want to make sure you are pre qualified with a letter in hand before you go out to look as well as a neighborhood/area defined. A majority of the buyers throughout this last year have been indecisive(kicking tires) and have no defined area of interest. When you have a defined area you are able to pull the trigger on a house before your competition. Why? Well because you understand what it takes to purchase in the given neighborhood. 

www.ListingDC.com