Long & Foster’s Mid-Year Baltimore | Annapolis | Eastern Shore Region Market Report Details Real Estate Trends

Across the Baltimore | Annapolis | Eastern Shore Region, home sales declined 3% in the first half of 2024, as home buyers were challenged by higher mortgage rates and reduced inventory. The sale of luxury homes (properties above $1M) saw a 16% increase year-over-year. Inventory increased by 4% for properties of all price-points, while Inventory for the luxury segment increased by nearly 10%, according to the Long & Foster 2024 Mid-Year Market Report.

Over the past year, 30-year mortgage rates have ranged between 6.5% and 7.5%, but rates have been slowly decreasing since May. This trend is expected to continue for the second half of the year, depending upon favorable inflationary numbers and a possible Federal Funds Rate cut by the Federal Reserve.

Today’s ever-changing market offers opportunities for buyers and sellers alike. When seeking a partner to expertly steer you through these intricate conditions, look no further than Long & Foster.

At Long & Foster, we’ve transformed the homeownership journey with an All-Inclusive Real Estate Experience centered around our clients. Our agents work closely with a team of uniquely qualified specialists to create a streamlined, stress-free client experience. From Mortgage, Insurance, and Inspection, to Title, Moving, Property Management and beyond, we do it all. We not only pioneered the concept – we’ve perfected it.

The All-Inclusive Real Estate Experience. It’s the one way we think about real estate.

In addition to highlighting major trends in the Baltimore | Annapolis | Eastern Shore region, the Long & Foster Region Market Report spotlights individual neighborhoods. It also summarizes the local luxury market by the types of homes (for example, single-family and townhomes) sold in individual neighborhoods, providing an in-depth analysis of the residential market. View the report in its entirety here.

For more information about Long & Foster, visit LongandFoster.com.

Long & Foster’s Mid-Year Richmond Market Report Details Real Estate Trends

Across the Richmond Region, home sales declined 2% in the first half of 2024, as home buyers were challenged by higher mortgage rates and reduced inventory. The sale of luxury homes (properties above $1M) are 36% higher year to date than in the first half of 2023. Inventory was 5% higher for properties of all price-points. Inventory for the luxury segment increased 54%, according to the Long & Foster Mid-Year Market Report.

Today’s ever-changing market offers opportunities for buyers and sellers alike. When seeking a partner to expertly steer you through these intricate conditions, look no further than Long & Foster.

The All-Inclusive Real Estate Experience. It’s the one way we think about real estate.

In addition to highlighting major trends in the Richmond region, the Long & Foster Region Market Report spotlights individual neighborhoods. It also summarizes the local luxury market by the types of homes (for example, single-family and townhomes) sold in individual neighborhoods, providing an in-depth analysis of the residential market. View the report in its entirety here.

For more information about Long & Foster, visit LongandFoster.com.

Long & Foster’s Mid-Year Capital Region Market Report Details Real Estate Trends

Across the Capital Region, home sales declined 5.4% in the first half of 2024, as home buyers were challenged by higher mortgage rates and reduced inventory. Sales of luxury homes (properties above $1.5M) increased by 18%, outpacing the market. Inventory was down 6% for properties of all price-points. In contrast, inventory for the luxury segment increased by 3%, according to the Long & Foster Mid-Year Market Report.

Today’s ever-changing market offers opportunities for buyers and sellers alike. When seeking a partner to expertly steer you through these intricate conditions, look no further than Long & Foster.

At Long & Foster, we’ve transformed the homeownership journey with an All-Inclusive Real Estate Experience centered around our clients. Our agents work closely with a team of uniquely qualified specialists to create a streamlined, stress-free client experience. From Mortgage, Insurance and Inspection, to Title, Moving, Property Management and beyond, we do it all. We not only pioneered the concept – we’ve perfected it.

The All-Inclusive Real Estate Experience. It’s the one way we think about real estate.

In addition to highlighting major trends in the D.C. region, the Long & Foster Region Market Report spotlights individual neighborhoods. It also summarizes the local luxury market by the types of homes (for example, single-family and townhomes) sold in individual neighborhoods, providing an in-depth analysis of the residential market. View the report in its entirety here.

For more information about Long & Foster, visit LongandFoster.com.

Coastal Style Magazine Names Long & Foster as Best Luxury Real Estate Company

Brokerage earned prestigious honor in Sussex County

Coastal Style magazine, the lifestyle magazine of the Eastern Shore, has recognized Long & Foster Real Estate’s Bethany Beach office as the Best Luxury Real Estate Company in Sussex County. This prestigious accolade was awarded based on votes from readers in the magazine’s annual Best Of awards.

“I’m so proud of our Long & Foster family at the Bethany office for earning this recognition,” said Jackie Thiel, president of Long & Foster Real Estate. “This is a true testament to our agents and employees who work hard every day to provide our clients with the best possible experience.”

Long & Foster, a renowned brokerage firm, has consistently demonstrated excellence in the luxury real estate market. With their commitment to providing exceptional service and their extensive knowledge of the local market, it comes as no surprise that they have been recognized as the top luxury real estate company in Sussex County.

“We are honored to receive this recognition from Coastal Style magazine,” said Ralph DiGuiseppe III, regional manager and senior vice president of Long & Foster’s Delaware region. “This award highlights the hard work and dedication of our team, who consistently go above and beyond to exceed our customers’ expectations.”

The Best Of awards celebrate the outstanding achievements of businesses and professionals in various industries. An official celebration for all the winners, including Long & Foster, will be held in November. Additionally, the winners will be featured in Coastal Style magazine this September, providing them with well-deserved recognition and exposure.

Long & Foster has been serving the Delaware community for many years, offering a wide range of traditional and luxury properties and personalized services to their discerning clientele. Their commitment to excellence, integrity and professionalism has made them a trusted name in the real estate industry.

For more information about Long & Foster, visit LongandFoster.com.

Potomac Luxury Home of Basketball Star Kentavious Caldwell-Pope “KCP” Available for $5.5M

Spectacular home with pool, within walking distance of Potomac Village

Now is your chance to live in luxury like a basketball star at this masterfully crafted, Hamptons-inspired home currently owned by Kentavious Caldwell-Pope “KCP” of the Orlando Magic.

Caldwell-Pope began his stellar career with the Detroit Pistons in 2013, joining the Los Angeles Lakers in 2017, playing a significant role in their 2020 NBA Championship win. He was then traded to the Washington Wizards, followed by joining the Denver Nuggets and helping them win their first NBA title in championship history in 2023.

This property is stunning on both the outside and the inside. Just a few of its outstanding features include an elevator, catering kitchen, heated pool, sport court, heated covered terrace with an outdoor kitchen, custom paved heated driveway, and an array of other over-the-top amenities.

The residence is listed by Wendy Banner, affiliated with the One Bethesda office of Long & Foster Real Estate, exclusive member of Forbes Global Properties. Located at 9819 Newhall Road, in Potomac, Maryland, it has six bedrooms, six full bathrooms, two half bathrooms, more than 13,000 square feet, and is offered for $5.5 million.

“Constructed of the finest materials, this home seamlessly merges modern design with timeless elegance,” said Banner. “Ideal for indoor and outdoor entertaining, this gorgeous home offers plenty of space to live the life you’ve always wanted in a fantastic location.”

As you arrive at the property, a first glimpse of the home is truly breathtaking with its regal circular driveway, well-manicured landscaping, and long white footprint accented by porches, pillars, and many windows, punctuated by a black door and shutters.

Greet your guests in style in the sun-filled foyer with marble floors, 24-foot ceilings, meticulously crafted oversized millwork, a dramatic curved staircase, and enticing views of first-floor rooms. Your dinner parties and family celebrations will be remembered in the embassy-sized dining room featuring a striking chandelier, marble floors, tray ceiling, and cove lighting. The same level of luxury extends to the living room with its gas fireplace and contemporary coffered ceiling.

A fluid open layout with 14-foot ceilings and arched entryways seamlessly connects expansive living areas. It will be easy to prepare a meal for a crowd in the gourmet kitchen, which is a culinary masterpiece open to the family room. The breakfast area is surrounded by windows, dual oversized islands, top-of-the-line Wolf and SubZero appliances, white marble countertops, and wide plank hardwood floors. Adjacent to the kitchen, you’ll find a separate catering kitchen and access to a serene heated covered terrace with a wood-burning fireplace and outdoor kitchen – offering an ideal space for relaxation and gatherings.

For quiet time or to work from home, the study connects to a private conference room, with a separate entrance, and private patio offering a serene escape. A dedicated children’s playroom adds a playful touch to the informal area of the main level.

Upstairs, you’ll find five comfortable bedroom suites, a lounge, and a convenient laundry center. The owner’s suite is a true retreat featuring a private terrace overlooking the pool, two expansive walk-in dressing rooms, and a lavish bath with heated marble floors, steam shower, and Victoria & Albert soaking tub.

There’s something for everyone on the lower level, with its abundant entertainment options including a full wet bar, sprawling recreation room with billiard and ping pong areas, fitness center, “man cave” with ventilation, a sixth bedroom suite, and ample storage. The fully fenced backyard is a paradise featuring a spectacular pool area, sport court, and vast lawn.

Additional luxuries of this outstanding home include a cutting-edge Control4 home automation system, full-service elevator, three-car garage, and heated driveway, catering to every aspect of refined living. This property represents an exceptional opportunity for the discerning buyer seeking the pinnacle of elegance.

Learn more about 9819 Newhall Road by clicking here. For more information about Long & Foster, visit LongandFoster.com.

Long & Foster Real Estate is one of the nation’s top real estate companies as part of HomeServices of America.

Long & Foster Agent Appointed to State-Wide Real Estate Board

Virginia Gov. Glenn Youngkin has appointed René Fonseca, a distinguished agent from Long & Foster Real Estate’s McLean office, as a Board Member of the Virginia Real Estate Board. This prestigious appointment recognizes René Fonseca’s exceptional contributions to the real estate industry and his extensive expertise in the field.

René Fonseca, who previously served on the Real Estate Board of Appraisers, brings a wealth of experience to his new role. Prior to his successful career in real estate, he had a decorated military career and owned a thriving chain of franchise restaurants. Additionally, he has represented American companies overseas, showcasing his broad understanding of international business. Fluent in both English and Spanish, René Fonseca’s bilingual skills have been instrumental in serving a diverse clientele.

René Fonseca leads The Fonseca Group at Long & Foster, with his wife Deborah DeMoss Fonseca and son Daniel Fonseca. They have consistently gone above and beyond to assist both sellers and buyers in making informed decisions for their families. Their unwavering dedication to exceeding client expectations has earned them a stellar reputation in the industry.

Jackie Thiel, president of Long & Foster Real Estate, expressed her pride in René Fonseca’s appointment, stating, “René’s appointment to the Virginia Real Estate Board is a testament to the impressive work he’s done – both as a real estate agent and in his prior careers – as well as indicative of the exceptional knowledge and expertise he brings to our industry. We’re so proud of him to have earned this opportunity.”

René Fonseca has deep roots in the Northern Virginia, D.C., and Maryland communities, where he has lived, studied, and worked for many years. He is actively involved in Immanuel Bible Church and has dedicated a decade of service to the Board of the Central Union Mission in Washington, D.C., the largest homeless shelter in the nation.

For more information about René Fonseca’s appointment to the Virginia Real Estate Board, please visit the official press release on the Virginia Governor’s website at https://www.governor.virginia.gov/newsroom/news-releases/2024/july/name-1029671-en.html. To learn more about Long & Foster, visit LongandFoster.com.

Long & Foster Associates Named as Best Area Real Estate Agents by Baltimore Magazine

Congratulations to the many Long & Foster Real Estate agents who were named by Baltimore magazine as 2024’s Best Agents and Top Producers in the greater Baltimore area.

Each year, the Baltimore-based publication recognizes agents with a minimum of $7.5M in sales in the local markets including Baltimore City, Baltimore, Howard, Harford, Carroll and Anne Arundel Counties as part of its Top Producers list. It also identifies its Best Agents by surveying its subscribers and compiling a list of top agents from thousands of area real estate associates.

This year, as in past years, Long & Foster’s top real estate teams and individual agents were honored in the magazine. The Baltimore magazine program recognizes how well these leading Realtors know the market and the extraordinary level of service they provide, from simplifying the communication process with their clients to helping ensure streamlined and seamless closings.

The complete list of agents will be featured in the August 2024 issue of Baltimore magazine.

Long & Foster Real Estate is one of the nation’s top real estate companies as part of HomeServices of America. For more information, visit longandfoster.com.

Discover Unmatched Luxury and Seclusion at Charlottesville’s Premier Estate

Discover the epitome of privacy and luxury at this extraordinary estate, perfectly situated near the University of Virginia campus, renowned medical centers, and just minutes from the Charlottesville–Albemarle Airport. Ideal as a private retreat or family compound, this meticulously maintained property offers a unique blend of grandeur and serenity.

The residence is listed by Fouad Talout in the McLean office of Long & Foster Real Estate, exclusive member of Forbes Global Properties. Located at 621 Woodlands Road in Charlottesville, Virginia, the 17,000 square foot property, built in 2000, is on 140 picturesque acres with seven bedrooms, seven full bathrooms, one-half bathroom, and is offered for $9.5M.

“Whether you’re seeking an exclusive retreat or a statement residence, this Charlottesville masterpiece is a rare opportunity that offers the perfect blend of grandeur, comfort, and sophistication,” said Talout. “This property is a testament to timeless elegance and meticulous attention to detail – all interested parties should make an appointment to see this gorgeous estate.”

Presidential Inspiration

Inspired by iconic Presidential Mansions like Mount Vernon and Monticello, the grand manor house showcases impeccable craftsmanship and design. The octagon-shaped, two-story great room and formal dining area with a wall mural of early American life echo the estate’s Presidential theme.

Luxurious Living Spaces

The main level is bathed in natural light with French doors, enhancing the elegance of each room. The owner’s suite, occupying one wing of the home, includes a fireplace, French doors, and a spa bath with polished granite floors, twin vanities, and expansive dressing room closets. Additional rooms on this level include an informal dining/breakfast room, a family room with cherry wood built-ins, two gazebo sunrooms imported from England, and another private bedroom suite.

The upper level offers a two-bedroom “family suite,” two additional spacious bedroom suites, each with a separate sitting/study room and full bath, and a family lounging room with built-in shelves and cabinets. Two home offices, each with a fireplace, cater to work-from-home needs, with one walking out to a rooftop deck with tranquil views of the pool and property.

Recreation and Relaxation

The finished lower level is a haven for recreation, featuring areas for media viewing, billiards, gaming, fitness, a wine storage area, sauna, and five large storage rooms. Outside, the 40×60-foot pool with fountains, lights, herringbone brick patios, and Italian marble sculpture create a serene outdoor oasis. Entertain effortlessly in the screened porch with a commercial barbecue grill or revel in the Greek pavilion overlooking the 88-foot-long reflecting pool with fountains.

Expansive Grounds and Amenities

The estate includes two equipment barns with a workshop and worker quarters, a four-bedroom guest house, a carriage house garage with 10 vehicle bays with an executive office/man cave on the upper level. You’ll also find a flower house for gardening or crafts with two garage bays underneath, a log cabin along the stream with a kitchen and sleeping area, and a tennis court. A covered bridge, security and fire alarm systems, seven wells with natural artisanal spring water, five septic systems, and a power bunker with a large 184-kilowatt generator ensure every need is met with unparalleled luxury and sophistication.

A Rare Opportunity

This exquisite estate in Charlottesville, Virginia, offers an unparalleled opportunity to experience luxury living in a private, serene setting. For those seeking the perfect blend of grandeur, comfort, and sophistication, this property is a testament to timeless elegance and meticulous attention to detail.

For more information or to schedule a private tour, please contact Talout at 703-459-4141 or at fouad.talout@longandfoster.com.

Long & Foster Real Estate is one of the nation’s top real estate companies as part of HomeServices of America. For more information, visit LongandFoster.com.

Long & Foster Associates Honored by National Association of Hispanic Real Estate Professionals

Award granted to agents impacting nationwide Hispanic homeownership

Congratulations to three Long & Foster Real Estate agents who have been named to the National Association of Hispanic Real Estate Professionals (NAHREP) Top Latino Agents list. The annual awards recognize top-performing agents whose commitment and hard work has impacted the rate of Hispanic homeownership in communities across the country.

Juan Umanzor of the Bethesda One office ranked in three categories: No. 18 in Top 100 Teams, No. 23 in Top 100 Teams by Volume, and No. 17 on Buyer Side transactions by Top 50 teams.

Priscilla Oropeza of the Moneta, Virginia office earned the No. 70 ranking in the Top 100 Individuals based on transactions in the Southeast.

David Osorio of the Virginia Beach office placed No. 73 in Top 100 Individuals Based on Transactions in the Southeast.

“We congratulate these agents on being named to the NAHREP’s Top Latino Agents list,” said Jackie Thiel, president of Long & Foster Real Estate. “They are well deserving of these prestigious awards based on all of their hard work and contribution to the industry and their communities.”

Long & Foster is one of the nation’s top real estate companies as part of HomeServices of America. For more information, visit longandfoster.com.

Long & Foster Associates Named as Best Area Real Estate Agents by Washingtonian Magazine

Congratulations to the hundreds of Long & Foster Real Estate agents who were named by Washingtonian as 2024’s Best Agents and Top Producers in the greater D.C. metro area.

Each year, the D.C.-based publication recognizes the highest-producing real estate agents in the local markets as part of its Top Producers list. It also identifies its Best Agents by surveying its subscribers and compiling a list of top agents from thousands of area real estate associates.

This year, as in past years, Long & Foster’s top real estate teams and individual agents were honored in the magazine. The Washingtonian program recognizes how well these leading Realtors know the market and the extraordinary level of service they provide, from simplifying the communication process with their clients to helping ensure streamlined and seamless closings.

For a list of all the Long & Foster agents and teams who were honored as Top Producers by the Washingtonian, visit this webpage. You can also check out the July 2024 issue of Washingtonian for more information.

Long & Foster Real Estate is one of the nation’s top real estate companies as part of HomeServices of America. For more information, visit longandfoster.com.