" EKG" Real Estate Market Report for Montgomery County Maryland

 How is the Real Estate Market Today? 

You'll find a lot of chatter out there where numbers get twisted to make someone's point that ends up just confusing consumers. 

Averages, New Contingents, New Pendings, Attached Units, List Price vs Sold Price, Percent of SP and OLP Ratios... etc, etc. . .

Let me tell you a secret, there are only two numbers you should pay attention to...

if you are considering buying or selling real estate and want to be strategic about it

How many new listings come in? . .

and how many listings go out as "SOLDS" every single month?

As an example, If 1000 listings come into the market in one month and only 500 sells, there is a surplus of 500 homes that month.

That is considered a BUYER'S MARKET (There is a SURPLUS of 500 homes)

However, if 500 listings come into the market and 1000 are SOLD that same month That is considered a SELLER'S MARKET ( There's a DEFICIT of 500 homes) 

Take a look for yourself to what is going on in Montgomery County MD Real Estate today below. . .

if you are considering buying or selling real estate and have the time to plan, being strategic is an intelligent move for you.

*Data Source: MRIS

 

SEE MORE DETAILED APRIL'S REPORT HERE 

Real Estate Market Report for Montgomery County Maryland

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

What Does $1 Million Buy Today in the Washington Metro area?

http://www.reallynicehomes.com/blog/what-does-1-million-buy-today-washington-metro-area/

What Does $1 Million Buy Today in the Washington Metro area?

How much can you get for $1 million in today’s real estate market? 

The answer will of course, vary depending on where you’re looking to buy. 

This MAP will give you a comparison What a Million Dollars Buys . . .according to location for the Washington Metropolitan Area

HAVE FUN!

     

The closer to DC and your 1 million dollars are barely denting the housing market. A little further and you are seeing some signs of luxury . . .go to Frederick MD 30 some miles north of DC and now you are getting most of the perks!

In the wake of the U.S. housing crisis, home values changed somewhat. In some areas home values fell sharply, while prices in some closer cities to DC were able to maintain most of their values. 

Looking for a LUXURY HOME? Start Here

We can help you, 

All you need to do is one call 301-246-0001 and lets us show you the quality of our services.
Licensed in MD, DC and VA

Looking to sell a LUXURY HOME?. . START HERE

If you are looking for a new home to buy anywhere in the Washington Metropolitan area, we strongly believe that this is where you need to start your search.

3 reasons. .

LOCAL, LOCAL , LOCAL!

Most "National" companies concentrate in "volume" and they appear to be local everywhere.
This "volume" sometimes is about outdated listings and/or misinformation.. . trust me, we have phone call from people for listings that we sold 6 months ago!
Most "bigger" national listings mills are diluted by showing you outdated information so they can appear to have MORE listing and show up in Google ahead of everyone else!

To make matters worst, Your information request is sent to dozens of  Real Estate  Agent that pays the most for your lead without regard if that Realtor is experienced , local and/or knowledgeable

Why take chances?

Start with our local Mega Site www.ReallyNiceHomes.com and lets us do the driving for you!

www.ReallyNiceHomes.com

Luxury Real Estate

Maryland Foreclosures How Can You Make Money From Them

http://www.trulia.com/blog/fernando_herboso/2012/06/maryland_foreclosures_how_can_you_make_money_from_them

Maryland Foreclosures , How Can You Make Money From Them?

Investing in real estate foreclosure is considered an smart and well-thought strategy not just for investors but also for first time home buyers.
The tsunami of foreclosures in our country the last few years have made many people very rich.
In the form of equity gained while everybody else wait to catch up for local housing to recuperate what was lost.

Finding Maryland Foreclosures:
This is really one the most important steps a consumer takes.
There are lots of places floating around the Internet with OUT-DATED Foreclosures that can leave them just chasing dreams.

"Sorry, that one is SOLD already. .how about this one?"

What is frustrating to dedicated professionals  is that some of these services leave these  Maryland Foreclosures  ON THEIR WEBSITES ON PURPOSE to catch unsuspecting would be buyers and steer them to another direction.(other properties)

So if you plan to purchase foreclosures, then you must scan all the available Internet companies out there and stick with the one that allows you to search for the absolutely latest  Maryland Foreclosures  out there with no compromises.

There are a lot of on-line web sites that provide you with  tryout memberships, they may initially introduce you to a number of foreclosure listings to ask you later that you need to pay for an EXCLUSIVE MEMBERSHIP if you want to see the rest of them. .

DON'T DO IT!

Why pay? when we already pay it for you!
On our website, you can search for various foreclosures based on  state, county, city, and/or zip code,
You can then evaluate these foreclosure-and keep them for later comparison.
And if you are ready to visit them, all you have to do is call us and we can show you any property in 3 hours or less!

That is why we pay for these dynamic search tools. . so we can provide you the value you seek. . in the hopes that you equate our easy search with our quality representation that will not cost you any money.

Financing a Maryland Foreclosure

Another service that we provide you is simple. .we find ways to get the financing for you
Can you buy with no money down these days? (Are you a Veteran)
The answer is POSSIBLY YES. .. .but you have to call us first
240-426-5754 and we do the rest!

Written by Fernando Herboso

Broker for Herboso & Associates llc 

Gaithersburg MD 20878

Real Estate in MD, DC and VA

240-426-5754

www.ReallyNiceHomes.com

Gaithersburg MD Homes For Sale 20878 Lovely♥♥♥

Latest Listing in Gaithersburg MD Updated Every HOUR CLICK HERE

A little about Gaithersburg a family-friendly community, it offers close access to public transportation, schools, freeways, shopping, and state parks. Olde Town is perhaps one of my favorite areas in Gaithersburg Maryland. It has fantastic amenities, unique locally-owned shops and restaurants.


Looking for a home in Gaithersburg and you need LOCAL EXPERT ADVICE?

START RIGHT HERE!

Call 240-426-5754 and ask for our EXCLUSIVE  PREVIEW LIST OF FORECLOSURES

Being our client has its benefits . .  .

♥♥♥♥♥-WE SPOIL OUR CLIENTS-♥♥♥♥♥

Latest Listing in Gaithersburg MD Updated Every HOUR CLICK HERE