Evers & Co. President Donna Evers Sees 'Upswing' in Metro Area Washington, D.C. Residential Real Estate Market

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As anticipated, real estate sales this March improved dramatically over February, with a 53 percent increase in dollar volume of sales, according to Evers & Co. Real Estate President and Broker Donna Evers.

As anticipated, real estate sales this March improved dramatically over February, with a 53 percent increase in dollar volume of sales, according to Evers & Co. Real Estate President and Broker Donna Evers.

The average price of property, which is the last thing to improve in a market recovery, has also gone up 11 out of the past 12 months. Compared to this time last year, prices were up 10 percent - a huge increase.

"I see continued incremental price increases between now and June," said Evers. "The sooner people buy, the better the deal they will get."

As for what's ahead in April, Donna anticipates a good month.

"It will be difficult to match the landslide of sales we saw in April 2010, with buyers rushing to purchase before the end of the First Time Homebuyers Tax Credit," said Evers. "But our market is solidly on the upswing. Consumer confidence is rising and people are ready to buy."

Low interest rates are also helping bolster the market. "As long as there are no dramatic rate hikes, I am confident that our recovery will remain intact."

*Statistics are taken from the Metropolitan Information System for three areas: Washington, D.C., Montgomery Country, Maryland; and Fairfax County, Arlington, Alexandria and Falls Church in Virginia.

About Evers & Co.
Founded in 1985 by Donna Evers, Evers & Co. Real Estate maintains its success through a strong referral base and agents who enjoy a premier reputation for their expertise and in-depth knowledge of Washington Metro Area homes and neighborhoods. Evers & Co. is home to 80 licensed real estate professionals with decades of combined experience, who enjoy access to a first-of-its-kind Agent Resource Center. The agency is the largest woman-owned and-operated residential real estate firm in the area and a member of Unique Homes Affiliate Network, Who's Who in Luxury Real Estate and FIABCI, the largest international real estate organization in the world. In addition, the agency has an alliance with My Home In Paris, a residential real estate firm in Paris, France.    

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Jennifer Mandel
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