Washington Fine Properties Portfolio - (Page Cover2) Dear Friends, SOLD … SOLD … SOLD! From setting the highest sale to date in 2008 in Washington, D.C., (listed and sold by Washington Fine Properties – see page 59) to setting the highest 2008 sales in both Maryland and Virginia (currently under contract at printing), Washington Fine Properties and Armfield Miller & Ripley Fine Properties continue to break records across the region. We congratulate our outstanding agents for their incredible sales performance. The national real estate markets have been affected by both the mortgage crisis and all the continued publicity regarding the downturn in the housing market. However, one should not get caught up looking at only the “big picture” as opposed to what is happening in one’s own local market. Real estate is local – and our firms’ overall sales statistics are equal to last year’s in most price ranges, particularly at the upper end. We are fortunate to be in a metropolitan region that is experiencing an increase in jobs this year over last and an overall strong business environment. For buyers who want to buy that special house, this market can create some very exciting opportunities that have not been available in recent years. Most properties have more realistic offering prices and the pace of the market has returned to a more normal cadence, providing buyers the opportunity to enjoy their home search. Additionally, mortgage rates continue to offer attractive purchasing ability! Throughout the pages that follow, you will see some of the most special properties in our region now being offered for sale. In this edition of Portfolio we will begin our tour in Montgomery County, Maryland, where you will note our increased strength through our offerings and many new top-performing agents. Continue through the District of Columbia, Northern Virginia, and the Virginia Hunt Country to see the finest properties our region has to offer. Turn this moment into your opportunity … to find your special home. Sincerely, Thomas B. Anderson President Dana E. Landry Principal Broker, Washington Fine Properties Marc P. Schappell Managing Partner, Washington Fine Properties Anita C. Sisney Principal Broker, Armfield, Miller & Ripley Fine Properties
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