The Stokes Group Blog
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The Stokes Group is passionate about real estate and we will go above and beyond at every opportunity. Our ability to anticipate your needs is a source of pride for us and we strive to have the answers before the question has even occurred to you and to create the best possible real estate experience for each and every client, every single time.
The Stokes Group Blog
3M ago
2023 is in the books for Chevy Chase real estate. We saw pandemic influence completely superseded by rapidly rising interest rates coupled with more elevated levels of supply towards the latter half of the year.
2023 highlights for single family homes:
The average sales price jumped from $1,513,035 in 2022 to $1,564,536 in 2023
The highest sale in the neighborhood, according to BRIGHT MLS sales data, was an impeccably renovated 7 bedrooms home that sold for $4,575,000.
The second highest sale was a stunning newly renovated that sold for $3,300,000
17 sales equaled or topped $2,000,000 which i ..read more
The Stokes Group Blog
1y ago
2022 is in the books for Chevy Chase real estate and it was another very healthy year. We saw pandemic influence superseded by rapidly rising interest rates coupled with continued very tight supply.
2022 highlights for single family homes:
The average sales price jumped from $1,440,982 in 2021 to $1,513,035 in 2022
The highest sale in the neighborhood according to BRIGHT MLS sales data was an elegant Colonial with 5 bedrooms that sold for $2,950,000
18 sales equaled or topped $2,000,000 which is almost 9% of the total sales in the neighborhood, which is only slightly less than 2021 when 10 ..read more
The Stokes Group Blog
1y ago
Postponed nearly two years, my family is finally getting ready to celebrate my parent’s 50th wedding anniversary + their 70th birthdays this summer with a big trip abroad for all 19 of us (10 adults + 9 kids ranging in age from 15 – 3yo) to spend a week together. In the planning process, we’ve had a great time sharing family memories, stories and laughs. Over a glass of wine, my mom let slip that her and my dad weren’t sure I would ever last in the real estate business. Wait, what?!?
I graduated from GWU in 2001 and landed a fantastic job with Accenture and immediately began to make ..read more
The Stokes Group Blog
1y ago
2021 is in the books and it has been a year like no other for real estate sales in Chevy Chase, DC. Covid continued to play a dramatic role as the market hit hyperdrive with incredible demand for single family homes outpacing very limited supply.
2021 highlights for single family homes:
The average sales price jumped from $1,254,806 in 2020 to $1,440,982 in 2021
The highest sale in the neighborhood according to BRIGHT MLS sales data was a stunning brick Colonial with 5 bedrooms and a saltwater pool that sold for $3,250,000
21 sales equaled or topped $2,000,000 which is 10% of the total sales ..read more
The Stokes Group Blog
1y ago
Interest rates continue to hover near historic lows, and despite the surge in refinances last year, Black Knight – a mortgage technology and data company – estimated that over 19.4 Million households could still benefit from refinancing as of December 2020. One of the most common questions we are asked is ‘how do I go about refinancing my mortgage?’. When you refinance, you are truly originating a new loan, and the proceeds from that loan will pay off your existing mortgage.
To gauge your options the first step is reaching out to a lender you trust. You will want to be ready to pro ..read more