THE WEEK IN REVIEW

Welcome to my weekly newsletter featuring a personal note on the ever-evolving world of real estate along with a few news-worthy updates. Enjoy!

is your buyer already in our network?

With Labor Day around the corner, we have clients asking us about the possibility of selling in the fall market.

Are you thinking about selling but not quite ready to go public? Your ideal buyer might already be looking within our Compass network. At Arrowood Advisory, we currently have over $25 million in exclusive off-market inventory. Private Exclusives, part of our three-phased marketing strategy, are often where serious buyers start their search. Let me give you an example:

This spring when longtime Georgetown clients wanted to sell their home, they figured they should wait until they had everything ready, including plans for their next home overseas. As they were headed to France for a month to house hunt, it was actually the perfect time to market their home privately. With no disruption to the Sellers' lives, we were able to attract several serious buyers during the Private Exclusive period. When we launched publicly in the MLS, two of those parties stepped up with offers on Day One. The end result was a contract that escalated over the listing price and allowed the Sellers to stay in their home until their next home was secured! 

Bottom line? Listing your home as a Compass Private Exclusive gives you a strategic head start. Without public days on market or price reductions that can undermine your positioning later on, this phase helps you:

• Test pricing and gather buyer feedback

• Build early demand

• Maintain privacy and control

It is a smart, low-pressure way to enter the market. With dozens of successful sales that began as Private Exclusives, we know firsthand how powerful this approach can be.

Let’s talk. Your buyer might already be in our network.

real estate & the news

• Günther Thallinger, a board member at Allianz, one of the world’s largest insurers, recently outlined how the world is fast approaching temperature levels where insurers will no longer be able to offer cover for financial services, such as mortgages and investments....implying some may face difficulty being able to afford home insurance cover, which is typically a prerequisite for getting a mortgage. Allianz estimates that the cost of economic losses from natural catastrophes is typically around 10 times higher than the cost of adaptation. (CNBC)

• “Loud luxury” is poised for a comeback as ailing fashion houses attempt to inject a sense of newness and novelty into their designs to win over weary shoppers. A flurry of new creative directors at brands including Gucci, Chanel and Versace, and the arrival of new Kering CEO Luca de Meo, are seen phasing out “quiet luxury” subtlety in favor of statement styles, in what analysts say could be a turning point for the industry. (CNBC)

• Canadian fires burned a total of 17.8 million acres of forest as of Friday, the second-largest extent in records extending back to 1972, and that smoke has travelled throughout the US.....The 2023 season set the record with 36 million acres burned and included fires so intense that they smoldered underground for the winter. Wildfire smoke is 10 times as toxic as regular air pollution. (Bloomberg)

around dc

SUMMER RESTAURANT WEEK

AUGUST 18 - 24

Savor every last bite while taking advantage of specially priced meals, including to-go options and cocktail and wine pairings, courtesy of the Restaurant Association of Metropolitan Washington and 200+ participating eateries. More details are available here.

Lee Arrowood

Principal, Arrowood Advisory at Compass

M: 202.251.3175

O: 202.448.9002

lee.arrowood@compass.com

+$173M Sold In 2023

#3 Team Lead 2022