https://www.rbintel.com/sites/default/files/2011-12DC-RBIPHSI-FINAL_0.pdf Continue Reading
Average Sale Price Montgomery County v Zips 20901 -02
Team Headlines: Barbara Ciment Placed in the Top 50
Wes Foster, Founder, CEO, Long & Foster, announced that Barbara Ciment Placed in the Top 50 from over 10,000 L&F agents in the entire Mid-Atlantic region. Barbara Ciment served as a featured panelist at the Annual Planning Day, Long and Foster, King Farm Office January 10, 2011. Barbara shared her hands-on-experience with the King Farm agents explaining our process for helping both Continue Reading
Seller Expectations Not Matching Market Reality (Close Prices) in 2011 vs. 2010
Sometimes just a look at a month-to-month comparison will tell a whole story. Looking at December 2011 versus December 2010 is such a case. In December 2010 there were 3,399 active listings with an average list price of $554,845. While in December 2011 there were 2,880 active listings with an average list price of $612,171. In December 2010, the average close price was $499,792, while in December Continue Reading
Nov 2011 Real Estate Market Statistics for Montgomery County, MD
Real Estate Market Statistics for Montgomery County, MD | RBI. Continue Reading
Distressed Listings Remains a Factor in Some Areas
The percentage of Active Listings that are Distressed is rising seasonally. Montgomery County Active Listings typically fall in the Holiday Season, as homeowners do not like to have to show thier homes during the Holiday season. One segment of the market has no choice in this matter,namely, distressed listings. If they are Real Estate Owned (REO) they are usually empty. For owner-occupied short Continue Reading
Active Listings Fall to Very Low Levels
Montgomery County Active Listings typically fall in the Holiday Season. This year, we are really down low. If you are interested in selling your home and it does not terribly inconvenience your holidays, this may be an opportunity. Continue Reading
New Regional Sales Contract Coming in 2012
Yesterday, the Barbara Ciment Team (Barbara, Mel & Emily) attended a very informative Long & Foster Institute presentation by Suzanne I. Cytryn Feinstein, Esquire, who reviewed the New Regional Sales Contract Coming as of January 1, 2012. A summary of some major changes that a non-expert would appreciate, include: 1. Elimination of "Required Repairs" in Property Condition Paragraph 2. Continue Reading
Observations on November 2011 Market
As usual, I wait about 10 calendar days to look at last month's data and so today, I ran my software and reviewed the November 2011 sales in comparison to November 2010. I knew it had been a slow month but, the data only reinforces that view. Across Montgomery County sales volume was down about 7% from 746 closed sales in 2010 to 693 closed sales in 2011. Average Net Sales Price was down 5.51%. Continue Reading
Market Snapshot Report: Dollar Sales Volume Down 11%
Right now you can see how the Washington DC region real estate market performed in November 2011 versus November of last year. If you want you can wait until January 2012 for Case-Schiller results! My Daily Market Snapshot Report and My Month-to-Month Comparisons are there for you to see every day. The Monthly Market Snapshots provide automatically processed reports comparing Month to Month, Year Continue Reading
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