"Prices rose by 2.5% in June from a year ago, and by 6% from the previous quarter" By comparison, in Montgomery County sold prices, were up 4.53% in the second quarter of '12 compared to the same period in '11 and up 2.38% in June of this ... year versus last year. This is really very comparable results. But, is it cause for such a large bold headline? Unfortunately, I don't think so. Actually, Continue Reading
Buyers Are Writing Contracts at a Fast Pace!
As a Buyer Agent, I am exhausted/happy to report that I haven't been this busy in months! I have eleven active buyers working with me now....and, in the past 2 weeks, five have written offers and are now under contract! I am also keeping track of potential buyers who "dropped out" of the market during the slow fall and winter....I want them to know that with interest rates at all-time lows and Continue Reading
My Market is Red Hot: 7 of My Listings Just Went Under Contract
The market has taken off after a very slow December and January. My listings are getting lots of showings and contracts. This past week was probably the most hectic week I have had in over the past 5 years. I personally handled negotiations on 7 properties that resulted in a change of status. My homes are priced competitively by realistic owners. I invest lots of time and resources to advertise my Continue Reading
Realistic Pricing Achieves a Quicker and Higher Return
Average Sold Price versus the Original List Price (OLP) tends to fall the longer it takes to sell. The graphs below for Montgomery County in 2011 show that homes that were on the market (Days on Market) from 181-360 days (teal color) sold on average below 90% of original asking price. While homes that were on the market (Days on Market) from 61-90 days (yellow color) sold on average at or Continue Reading
Washington, D.C. Metro Area – Lowest Inventory Level since August 2005
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
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