Market Report & Homes For Sale for Montgomery County Maryland

Market Report & Homes For Sale in Montgomery County Maryland

The inventory declined to record lows in the last 12 months,if you are waiting to buy. . pay attention to this critical number 

The number of LISTINGS!

The market in 2008 when everything started to unravel.. we had 12,908 ACTIVE LISTINGS THEN

Now?

From 2008 to 2012, we have only 4500 ACTIVE LISTINGS!

Homes are selling because ..the interest rates are low and inventory is at record lows!

Check the video below for a review of these basic statistics that are shaping the future of real estate in our local area.

As always, we welcome your questions about our local market and input is appreciated if you think we missed anything.

This report was written by Fernando Herboso, Manager and Broker for Herboso & Associates LLC licensed in MD, DC and VA

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

Distressed Property Market Report for Montgomery County as of September 2012

There are only 10 properties listed Active as Foreclosures in Montgomery County as of 10/15/2012

Short Sales? 

There are over 209 Active Short Sale Listings in Montgomery County right now.

2013 will be a pivotal year for distressed properties.

The shadow inventory that everyone talks about, will not materialize in our area.. prices are just that strong!

 

Want to check some foreclosures now? 

                      

Why Should You Choose Us?

Our network is our prime advantage over our competition and your most important advantage over other buyers on the market today. Yet the true secret to our success is how we focus completely on our clients' needs. For us, servicing one client at a time is our top priority. That's why our agents are committed to understanding every single client's needs and strategic objectives. Our promise to you is to continuously strive to serve better and achieve the best results of anyone else available today. 

Let's get started!

Call

301-246-0001

Nearby Cities Market Reports

Bethesda

Damascus

Clarksburg

Germantown

Gaithersburg

North Potomac

Potomac

Rockville

Silver Spring

Olney

Complete review for the Montgomery County MD Real Estate Market.

http://www.reallynicehomes.com/blog/montgomery-county-maryland-market-report-home-sale/

Montgomery County Maryland

Market Report & Home For Sale 

Including all homes for sale in the following cities:

Clarksburg, Damascus, Germantown, Boyds, Olney, Montgomery Village,Gaithersburg, Rockville, North Potomac, Bethesda, North Bethesda, Poolesville, Kensington and Silver Spring

Complete review for the Montgomery County MD Real Estate Market.

This report is for Buyers and Sellers in the Montgomery County Maryland area.
Our local market continue on its strong path towards perfection. You and I are lucky to be in Montgomery County and not somewhere in Arizona, Michigan or Florida. Our local market is performing as one of the top markets in the nation.
Our area generated over 13000 jobs this year so far and the unemployment number have remained low, currently we are in the 6.1% range. .below the National numbers that are hovering around 8%

The Pending Federal actions and current Presidential Elections have stalled the growth in the last few months. . A lot of people are waiting. . 

Psst. . mortgages rates are at record lows

With mortgage rates at or near record lows and prices rolled back, we are puzzled finding buyers that are still waiting for the market to drop some more.. .well. you are in for a lonnnnng wait!

An inventory shortage has whipped up a feeding frenzy in our local market. .specially in the lower range properties. With bidding wars and price increases coming from apartment renters that are finding that mortgage payments are LOWER than their monthly rental bill. .is a no brainier!

As a broker, I ask myself if  this pressure is justified? 
Would most buyers be better served by waiting?

Absolutely not!

Check the chart below.. 

Year over Year (YoY) statistics are on the positive side in all aspects of the market today, 

The only thing were there is a negative gain. . is  the DAYS ON THE MARKET!

Things are selling quicker now. .I can assure you.

Everything points that the market is in the upswing!

The most dramatic data for September 2012 is the comparison of month to month from last year.

Look at the Sold Dollar Volume over 16% higher than last year.

Even the average Sold Price shows almost a 10% jump over last year. .That is good news if you are a seller. . .

The inventory declined to record lows in the last 12 months,if you are waiting to buy. . pay attention to this critical number 

The number of LISTINGS!

The market in 2008 when everything started to unravel.. we had 12,908 ACTIVE LISTINGS THEN

Now?

From 2008 to 2012, we have only 4500 ACTIVE LISTINGS!

Homes are selling because ..the interest rates are low and inventory is at record lows!

Check the video below for a review of these basic statistics that are shaping the future of real estate in our local area.

As always, we welcome your questions about our local market and input is appreciated if you think we missed anything.

This report was written by Fernando Herboso, Manager and Broker for Herboso & Associates LLC licensed in MD< DC and VA

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

Distressed Property Market Report for Montgomery County as of September 2012

There are only 10 properties listed Active as Foreclosures in Montgomery County as of 10/15/2012

Short Sales? 

There are over 209 Active Short Sale Listings in Montgomery County right now.

2013 will be a pivotal year for distressed properties. The shadow inventory that everyone talks about, will not materialize in our area.. prices are that strong!

Want to check some foreclosures now? 

                      

Why Should You Choose Us?

Our network is our prime advantage over our competition and your most important advantage over other buyers on the market today. Yet the true secret to our success is how we focus completely on our clients' needs. For us, servicing one client at a time is our top priority. That's why our agents are committed to understanding every single client's needs and strategic objectives. Our promise to you is to continuously strive to serve better and achieve the best results of anyone else available today. 

Let's get started!

Call

301-246-0001

Urbana Maryland Real Estate Market Report

http://www.reallynicehomes.com/blog/frederick-county-maryland-real-estate-report-homes-sale/

Urbana Maryland 

Frederick County Maryland and Urbana Maryland  Real Estate Report & Homes For Sale for October 2012

 CLICK HERE TO SEARCH FOR URBANA HOMES FOR SALE 

We hope you that will find the following snapshot of Urbana Maryland Real Estate Market & inventory interesting. These charts  represent the condition of our local market here in Frederick County Maryland and an easy explanation. .

Let's Begin. . 

Something to note right away. . .these charts represent the state of the market YEAR over YEAR for the last 5 YEARS.

Explanation: The first chart depicts the average days you will expect a listing to last when it comes for sale.

What Does It Mean? :As you can see, we are at the lowest areas for the last 5 years. Listings are becoming scarce as more buyers seem to take advantage of the low interest rates

Explanation: The AVERAGE sold PRICE in the last five years vs the Median SOLD PRICE.

What Does It Mean? :As you can see, these two come hand in hand, but the most important factor is that show signs of normalcy. .  is the fact that we have slowly progressed in the last 5 years to what we were in 2007 

Explanation: The first chart depicts the Median Sold Price and the second shows that Average SOLD price. .what is the difference?

What Does It Mean? :It is just two different ways to find the average SOLD PRICE on homes at any given moment. An average is the sum of all SOLD every year and divided by 5 . . and the median just measure the  middle trend without becoming askew in case of an unusual SOLD price that is not representative to the local market. 

Check the FULL Frederick County Maryland Real Estate Report Here

If you know someone who is considering buying or selling a home in Frederick County or any nearby areas.. please give us a call. We will provide professional & courteous service along with knowledgeable guidance through the process in buying or selling real estate.

Search for all the listings in Frederick MD Here

Frederick County MD Real Estate 

                                                              Herboso & Associates LLC

301-246-0001

Our  real estate knowledge is always up-to-date. For expertise you can depend us, call us when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!

Content Provided by Herboso & Associates 

 

Villages Of Urbana Latest Listings

$450,000

3847 GLASGOW WAY, Frederick

Brick Front Colonial. 2-Story Foyer, Main Lvl Study, FamilyRm W/FP, Kitchen W/Breakfast Room, Jenn-Air Cooktop In Island. Formal Living & Dining Rm W/Hrdwd, Crown/Chair M...

• Beds 4
• Baths 4.0
• MLS FR7859729

$323,740 ?

3578 WORTHINGTON BOULEVARD, Urbana

NV Homes is reintroducing the Vanderbilt floorplan, our 2220 sq feet townhome! Our townhomes are conveniently located next to the Urbana Market District & include Granite...

• Beds 3
• Baths 3.0
• MLS FR7936538

$300,000

9424 SINGLETON PLACE, Frederick

APPROVED SHORT SALE PRICE- PREVIOUS CONTRACT FELL THROUGH. Great condition 3BD/ 2.5B 3 level town home. 9" ceilings, hard wood floors, recessed lighting. Gorgeous kitche...

• Beds 3
• Baths 3.0
• MLS FR7810853

 CLICK HERE TO SEARCH FOR URBANA HOMES FOR SALE