A Recent sale at the Flour Mill boutique condominium in Georgetown!  This remarkable 2BR/2BA condo is ONE of only THREE units in the building to sell for over ONE MILLION dollars.  If you, or someone you know, might be interested in working with an experienced real estate professional please contact me.  JUST SOLD 1015 33rd St.

How Hef Got His Groove Back By CHARLES McGRATHFEB. 3, 2011

Life as an octogenarian.  #HughHeffner

Fully recovered from a 1985 stroke, he appears to have all his marbles and an undiminished energy level. He still manages to have sex, popping Viagra as the occasion warrants. And thanks to the surprisingly successful reality show “The Girls Next Door,” he has a brand-new fan cohort: women, even many middle-aged ones, who no longer regard him as a degrading smut peddler — the publisher of a magazine that Gloria Steinem once said made a female reader feel like a Jew studying a Nazi manual — but as a benign and indulgent paterfamilias, a kind of fairy godfather turning worthy, wholesome-looking young women into platinum-haired, big-bosomed princesses whose every need is provided for.

Hefner — or Hef, as he is known to just about everyone — is famous for bestowing presents of plastic surgery on his many girlfriends and may well have gifted himself. His neck is taut and wattle-free. His skin, owing to infrequent sun exposure and generous bastings with baby oil, has a Madame Tussaud-like smoothness and suppleness. One former girlfriend has said that in the bedroom, with his clothes off, he practically glows in the dark.

Over Christmas, Hefner surprised celebrity watchers by posting on Twitter that he had become engaged to 24-year-old Crystal Harris, the latest and, if he is to be believed, the last in the endless string of young women who have paraded through his bedchamber: most of them blond, many with names ending in a vowel and all of them with mammary tissue that appears to have been injected with helium. Hefner has been married twice before, so the notion of his settling down again may represent the triumph of hope over experience. But a few days before Christmas, he told me: “This is it. This is a very, very special one. I expect to spend the rest of my life with her.”

A couple of weeks later, Hefner was on the business pages, trying to buy back his own company. That he is still around, still making news, is, depending on your point of view, either remarkable or a little embarrassing. He is, on the one hand, a great success story — a man who turned his sexual daydreams into a fortune — and, on the other, a fossil who doesn’t understand that the sexual revolution ended decades ago and that, in any event, it wasn’t for geezers. Some observers on Wall Street used to think that the best thing that could happen to Playboy would be for Hefner to act his age and honorably take up his slot next to Monroe. David Miller, an analyst at the investment firm Caris & Company, once said, “We believe that Mr. Hefner’s death could result in a material stock-price uptick.”

Continue reading the main story

which he took public in 1971, private again. He offered the stockholders $5.50 a Photo

Hefner, 84, and his fiancée, Crystal Harris, 24, at the Playboy Mansion.CreditCatherine Opie for The New York Times 

In the realm of men’s magazines, Playboy, which Jellinek champions with the ardor and occasional near-breathlessness of a convert, now represents enduring, old-fashioned values. Jellinek compared it to a vinyl record in a world of MP3 files.


“It is impossible to imagine Goethe or Beethoven being good at billiards or golf.” –

H. L. Mencken

Have a look at Long and Foster’s Fall Luxury Magazine! #BilliardRooms #Garages #WineCellars #PokerRooms.  Long and Foster, Fall Luxury Homes

The value of a dollar

Interesting New York Times’s piece, written by Sendhhil Mullainathan.  Apparently people tend to think in percentages, not absolute numbers, when bookkeeping their personal finances; however the author reveals that “poorer people tend to value a dollar more consistently, irrespective of the context [than rich people do.]”



When you have property to sell at a premium, you want to work with someone who keeps his finger on the pulse of DC’s housing market, with someone who sets realistic expectations for sellers and who does not jump on the first offer that comes in.

The last few months have been an unforgettable experience, trying find the right buyer in one of the hottest neighborhoods in D.C. Proudly representing the seller of this exchange and selling at 100% of list price. http://www.LukeTheRealtor.com

Luke Buchanan delivers in-depth, local knowledge regarding NW Washington neighborhoods. Luke is proficient in relative-valuation and formerly worked as a strategist for an advertising firm in Santa Monica. If you wish to learn more about your home’s worth, please call or email to schedule a free real estate consultation today. You may also visit Luke Buchanan’s blog or Facebook, to find additional information that may further guide your real estate decisions. Hobbies include: golf, grilling, image editing, photography, running, skiing, tennis, travel and yoga





Now is an excellent time to buy real estate, with elections drawing near; with the expansions of several Universities and Graduate Schools; and with mortgage rates ebbing lower and lower, than what has already been recorded as historically-low.  As the White House fills up, we should expect to see a tide of new buyers and sellers.  If you are interested in free real estate consultation please visit www.luketherealtor.com to schedule a time to speak.  I look forward to hearing from you!


Real Estate Technology

Long and Foster Christie’s International Real Estate launches new website that provides valued customers and agents, with a unique experience for finding the perfect home.  www.LongandFoster.com


I just learned that company first launched website in 1995, only five years after the dawn of the internet (circa. 1990).    #Avant-Garde #Pioneering

— See timeline video (music on point!): http://www.extraordinaryproperties.com/


Key Advantages

Washington Post columnist, Michael Lerner, writes an insightful report titled, “Spring started early for D.C. housing market.”

This text paints an inviting picture for #NewHomeBuyers who are looking to purchase fee simple townhomes in Washington D.C; he adds insight to those searching for a condo alternative; lastly, he identifies the most typical price ranges as  $300-400k and $600-800k.

Spring started early for D.C. housing market
By Michele Lerner March 31 at 10:30 AM

If you’re a prospective home buyer, you probably started feeling warm spring air back in February.

While January’s blizzard slowed the housing market briefly, buyers dug their way out quickly and got back to the business of touring homes and making offers, particularly in the city. While the number of homes listed for sale is up from this time last year, there’s still a lot of competition, and multiple offers are common in the District.

“All indications are that this spring will be a fast-paced market, but possibly not quite as intense as last spring since we do have an increase in inventory that takes a little of the pressure off for buyers,” says Jonathan Hill, vice president of marketing and communications for multiple listing service MRIS in Rockville.

According to MRIS, the District’s inventory rose 11.4 percent from February 2015 to February 2016. Median sales prices were up 4 percent, from $495,000 in February 2015 to $515,000 in February 2016. In spite of the increase in inventory, homes in the District are selling faster than ever, with the average number of days a home stays on the market dropping by 9.4 percent to 48 days in February 2016. Many homes sell in less than a week.

“Low inventory is particularly a problem on the lower end of the market, with very few new listings priced under $490,000,” says Nela Richardson, chief economist for Redfin in Washington.

The renovated 1,508-square-foot three-bedroom, four-bathroom home at 5503 Eighth St. in Washington’s Petworth neighborhood is listing for $629,000. (By HomeVisit)
[D.C. home back on market after surviving bomb, international custody battle]

Unfortunately for first-time buyers, the threshold to purchase a rowhouse or single-family home rather than a condo has now reached $500,000 in nearly every neighborhood, says Morgan Knull, an associate broker with Re/Max Gateway in Washington.

“If you want a typical refurbished rowhouse with three levels, usually with about 500 square feet on each level and maybe a second bathroom in the basement, it’s $500,000 and up in Brentwood, Trinidad, Brightwood, Upper Petworth and on Capitol Hill including Kingman Park and H Street,” says Knull. “I’ve seen smaller two-level rowhouses with about 800 square feet going for $515,000 when they’re a little closer to a Metro station, but there aren’t many of those in the city.”

Competition for all home types under $500,000 in the city is particularly heated, says Richardson, with first-time buyers competing against bigger investors and people who want to invest in one property for rental income.

“Redfin did a report on flipping real estate and found that the Petworth neighborhood is number one in the country for flipping, just as it was two years ago,” says Richardson. “That’s a double-edged sword because buyers who want to fix a home and live in it need a construction loan, and that makes it even harder to compete with an investor who has cash.”

Richardson says properties are often selling well above their listing price, such as a Mount Pleasant property that sold for $150,000 above the asking price in early March after receiving 10 offers.

Knull says move-up buyers don’t have it much easier, with the “new normal” in that market for a three-bedroom home starting at $1 million.

A 494-square-foot one-bedroom condo at 1 Scott Circle NW #617 in Washington is listing for $245,000. (By HomeVisit)
“If you look at [American University] Park in Northwest, which is popular with families because of Janney Elementary School and the location near the Friendship Heights Metro station, there isn’t a single three-bedroom home on the market for less than $1 million,” says Knull. “These aren’t huge homes, either.”

[Seven new condos coming to D.C.’s Columbia Heights]

According to Hill, the largest number of listings in the city are condos and co-ops in the $300,000 to $400,000 range, many of which are one-bedroom residences. The second price range with the most listings is homes priced from $600,000 to $800,000, most of which are attached rowhouses.

“D.C. is always pulling in more people for jobs, so the demand for homes here doesn’t slow down,” says Hill. “We’ll probably see a little more inventory as the spring goes on, which should hold prices steady in the city.”

Richardson points out that new construction is not meeting demand in the city, with most of it either rental units or high-end condos.

“The limited supply creates a domino effect, with sellers needing to sell first before they can buy and sellers at the top of the food chain demanding contracts without any contingencies,” says Richardson.
A relatively new trend is for buyers to have a pre-contract home inspection in order to make an offer without a traditional home inspection contingency, says Knull.

“It’s like a nuclear arms race: Once one person does it, everyone else does it, too,” he says. “For buyers, it allows you to get a quick diagnosis of the house before you make an offer, but you’re also spending hundreds of dollars and don’t even know if you’ll go under contract on the home.”

[Proposal to displace farmers market could scuttle Adams Morgan condo project]

Sellers benefit from a pre-inspection because they know they won’t have to deal with an offer contingent on a full home inspection and won’t need to negotiate on inspection items, he says.

“A pre-contract inspection usually costs about half as much as a full inspection because you’re getting just a walk-and-talk inspection without a written report,” says Knull. “Buyers just learn from the inspector about what could make them increase or decrease their offer, but they don’t get a lot of detail. At one property this morning, there were seven or eight pre-contract inspections going on at the same time. There’s just a shortage of inventory at every price point and in every neighborhood, and that contributes to the frenzy among buyers.”

With competition so heated, particularly for first-time buyers, Dan Fulton, senior vice president of John Burns Real Estate Consulting in Reston, says buyers may want to consider some of the more affordable options under construction in the suburbs.

“Every buyer needs to turn the dial and decide which of these four trade-offs to make: the size of the home, the age, the location and the price,” says Fulton. “Buyers who want to live in a newly designed and built home or who want a little more space may need to trade-off living in the city for a walkable community in the suburbs and a longer commute.”