With the D.C. real estate market as hot as ever, Tyler Jeffrey of Beasley Real Estate has his hands full finding Washingtonians their dream homes in the city’s new “it” neighborhoods. With his understanding, friendly personality and DC know how, Tyler has an knack for zeroing in on the perfect property for his clients—whether it be a first time home-buyer, a family planting roots, or a suburbanite looking to transition to city living.
Tyler and the agents at Beasley’s live by the motto, “client first, brand second.” And, the agency’s results have certainly delivered that standard. We recently sat down with Tyler to talk about the D.C. market, home renovations, and where he brunches on his time off. Read on to see what he had to say—and don’t forget to get your tickets for the party we’re throwing with Beasley’s, the Art Registry, and Havenly at the District on March 18 (RSVP here and details below).
D.C. neighborhoods are rapidly changing. What neighborhoods do you think are the most desirable to live in right now? Which neighborhoods do you see as up-and-coming?
I think, with regards to most the most desirable neighborhood, so much of it lies in the buyer. So if it’s a family verses a single person verses someone moving back to the city, it changes. I think the most popular neighborhoods that we’re seeing now are Logan Circle, Bloomingdale, and Capitol Hill between Eighth Street and Eastern Market. Navy Yard is a place we see people looking more now that there are more restaurants like Bluejacket and also a new Vida Fitness, but there’s not a lot up for sale right now. It will be interesting to watch when the inventory comes in, especially with development of the southwest waterfront.
For families, AU Park has had a huge resurgence for planting roots because it has great primary schools. Glover Park has great schools but it’s hard to find things for sale there because it’s so convenient. You can walk to everything like Whole Foods and nearby restaurants. Mount Pleasant remains a really popular neighborhood. Even properties that are total shells are receiving multiple offers. There’s a real sense of community there and it’s diverse. It’s a very neat and eclectic neighborhood. We’re finding a lot of buyers up in the Brightwood area, the Atlas District, and Klingman Park that are seeking a little house in the city or a larger condo for under 500 or 450.
As you know, D.C. is becoming a more and more expensive city to live in. Are there any neighborhoods where you see prices dropping?
Within the District? No. There are no neighborhoods with prices dropping, but we’ve seen some areas where the prices have plateaued. Neighborhoods like the West End and Foggy Bottom, unless it’s a really high end property, have stayed relatively flat. Other similar neighborhoods would be Woodley Park and Cleveland Park. They’re great neighborhoods but they just don’t have that vibrant growth that you see elsewhere. It’s so established and it lacks some of that excitement, but they’re still strong buys.
What advice would you give to a first-time home buyer who is just starting their search?
I would say that it’s most important to educate yourself. I focus a lot on making sure that first time buyers are not just aware of the process of buying, but also making sure they are talking to lenders that are experienced in the area and are familiar with different loan programs because it will benefit them to understand how their financing works for and against them. The buyer and the seller are looking for the best deals for themselves, so it helps to understand how to present your financing. We really try to focus on education. I say that everyone loves a surprise birthday party, but no one wants surprise real estate.
My other piece of advice would be to take your time. This market is extremely fast moving. There a lot of people who get pre-approved for a loan and they feel like they have to get everything moving as quick as possible. I think you need to spend time looking at other houses and other neighborhoods you may not have considered because that will help you identify what you want. I recommend learning the houses, the neighborhoods, and what your price points get you in different areas.
Many people are renovating their homes after they buy them? What are the recent renovation trends you’ve seen?
I think the biggest thing remains that people love an open concept and a more polished kitchen with a ton of storage and prep space. People renovating their first place should keep in mind that they’re going to sell or rent the house in a couple years so renovations should be correlative to the prices of houses in the neighborhood.
I recommend staying a little more classic than trendy because it will get you a good financial return. Classic renovations will make sure that, even in a year or 6 years, people will think it looks nice and timeless. For our green folks, any ability to do tank-less hot water heaters or solar panels and a little garden or green space is a plus. In general, people love a light bright white kitchen and anything a buyer can do to bring more light into a house is always smart.
What are the next big trends you see coming for the D.C. market?
This is hard to answer because so many things vary on price point. Something that D.C. does not have a lot of that we are hearing from buyers is that three bedroom condos are in high demand. A lot of people want to have one guest room or a home office. If I’m a growing family, a three bedroom condo is great and if I’m downsizing, three bedrooms are great for when the kids come home. I think you’re going to see a lot of developers focusing on 3 bedroom condos. With houses being so expensive, a three bedroom house can be hard to be attainable.
Where is your favorite place to brunch in town?
Honestly, it would have to be the Fainting Goat. The food is amazing and I love that they have such a great atmosphere. It’s just comfy and you’re sitting next to either someone totally done up or someone who’s casual. The food and atmosphere is amazing. (Read our review, here).
What is your favorite dish to cook for brunch?
I make breakfast burritos and a Mexican fruit salad. That’s my favorite.
Do you prefer to brunch in or out?
What brunch item do you have to order if it’s on the menu?
Whenever they have Eggs Benedict, it’s done. I can’t say no to one with crab especially. It’s amazing.
Do you prefer Bloody Marys or mimosas?
Mimosas 100%. I like mine with the classic orange juice and champagne.
If you had to invite a group of local celebrities to brunch, who would they be?
If we could go fictional, I would invite Olivia Pope and Hilary Clinton when she’s in town. A lot of secrets would come out. I would also invite Maggie O’Neill. I was at this silent auction and saw a painting by her of the Capitol and no one else knew who she was, so I ended up getting this amazing painting for like $250. I ended up meeting her at a party once and she was so nice.
On that note, we’re hosting an event with Beasley’s, Maggie O’Neill and the Art Registry, and Havenly, an interior design start-up, on Wednesday, March 18 at the District. It’ll be an evening celebrating art and design in the District with cocktails, appetizers, a gallery exhibit from local artists, and an home décor from Havenly. It’s free to attend, get your tickets here. 6-9 p.m. The District, 1401 S St. N.W., Washington, D.C.