If we look at FULL YEAR Totals for Montgomery County (MoCO) it looks like overall it was a moderate Year: # Sold 2020 13,454 Aver. Price $586,115 DOM 27 # Sold 2019 12,789 Aver. Price $550,943 DOM 34 Volume Change +5.20%. Price Change +6.38%. DOM Change -20.6% BUT, that would be very misleading about what is current or Continue Reading
Market Looks Like Spring
Proprietary Montgomery County Market Update and Analysis In an earlier eNews article, I noted that some of the most cited and popular real estate indices report on National trends and therefore have long time lags in data collection. While they are collecting data and issuing reports that are 3 months behind, I am reporting on Montgomery County for the past month or weeks. My Montgomery County Continue Reading
Real Estate Market Report
eNewsletter July 14, 2020
Having trouble reading this? View in browser. Dear Neighbors and Friends, We took off well-before the Fourth of July Holiday on June 30 to drive up to see my Mom who lives in Albany, NY. We also stopped off in New Jersey to see family there. No hugs and kisses because of social distancing but, it was wonderful to see loved ones in person and not just Continue Reading
Seasonal Alert: 3G’s of Dry Basements: Gutters, Grading and Ground
It is that time of the year when we have occasional heavy downpours of rain. Make sure your gutters are clear and connected to downspouts that carry rain water away from your house. Proper grading of ground near your home is critical especially, during large scale storms. The slope should be at least one inch per foot diverting water to a runoff area. The quality of ground soil clearly affects the Continue Reading
Posting of eNews June 2020 – Layout Under Construction
Dear Neighbors and Friends, It was a busy week in the real estate market, with trends continuing to move in the right direction. Mortgage interest rates increased slightly to 3.18%. These low rates helped spur a 18% jump in mortgage applications compared to the year prior. Interest Rates Compared to the Prior Continue Reading
Montgomery County Market Report June 2020
County Market Update and Analysis The Case-Shiller Index is one of the most respected and cited real estate indices in the USA. It has data for 16 of the 20 largest metropolitan areas (including D.C.) in the United States and it runs almost 2 months behind. For example, March data comes out at the end of May. In addition, the data is a 3-month moving average so that March data that comes out Continue Reading
Corona Virus and Real Estate
At this time of the year, I am usually promoting my active listings and reviewing my Team’s sales. Not this year. We are living in unprecedented times for our families, communities and Nation. We all are navigating very dangerous and unknown challenges. As for real estate, we all understand that at some stages of life, buying or selling a home is critical to our lives. That is why real estate has Continue Reading
Long & Foster Closes Offices to General Public During Pandemic
Long & Foster Closes Offices to General Public Starting March 17, 2020. Following the social distancing recommendations from the CDC, Long & Foster is closing the public's access to Long & Foster's sales offices throughout its markets until April 3. At that time, management will reassess. From the Announcement of L&F management (Boomer Foster and Gary Scott : As a family of Continue Reading
Our Team Works Across All Montgomery County
The Barbara Ciment works across all of Montgomery County. Just over the past six months and through the Winter of 2019, we now have 6 Homes for Sale/Rent, we Sold/Rented 31 Homes and 6 Homes are Under Contract across Montgomery County, MD. The attached screen shot from our proprietary Google Real Estate Map Search, shows our transactions. Red: Closed Sale; Blue: Active listing; Continue Reading
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