Today Freddie Mac and Fannie May were taken over by the government. This is a milestone, in the current housing situation and hints at many more changes to come.
Namely, does this signify the bottom of the housing market? Many think so.
Mortgages rates dropped almost a 1/2 percent today for home buyers.
I think the most interesting questions in our area markets is; the upper echelons of the housing markets in the D.C. metro areas are doing quite fine. How will this affect our market?
The government taking over these two firms will positively effect our market in a great way. There will be more money to lend and it will be easier to obtain a loan, for qualified buyers.
If you are in the market to buy a home, or if you are considering to buy a home; seriously think about purchasing by the end of the year before you miss the boat.
I have a great 10 step information guide on how to buy a home and what expect. Just go to www.luxurySalesGroup.com or email me at Realtorpro@aol.com to request your FREE guide. There are also many other guides to choose from on the website.
Anthony Dash
240.353.3163
For many home buyers of sellers who are interested in homes for sale in potomac, bethesda and chevy chase there is a wealth of info at you fingertips. Being more informed and listings, homes for sales and selling your home We are ranked as the #1 real estate agent// agency in Potomac Md. Check us out. WWW.LuxurySalesGroup.com
The High End Home Markets Is Alive and Well in the Metro of DC
The luxury Market of Real Estate is going strong in the Metropolitan areas of DC.
This is great news considering the lackluster performance of the national real estate market.
Looking at the chart below; I would like to highlight a couple of items:
1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans.
2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.
ANTHONY DASHTIZADEH
240.353.3163 : MOBILE
REALTORPRO@AOL.COM ; ANTHONY@LUXURYSALESGROUP.COM
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format
Montgomery County, MD
From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/07/2008
|
Residential |
Active Listings |
Time on Market |
|||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
||
|
Under $100,000 |
0 |
0 |
0 |
1 |
0 |
3 |
35 |
0 |
1 -30 Days |
268 |
|
|
$100,000 - 149,999 |
2 |
1 |
0 |
7 |
0 |
9 |
148 |
0 |
31-60 Days |
155 |
|
|
$150,000 - 199,999 |
3 |
9 |
2 |
35 |
0 |
130 |
329 |
0 |
61 - 90 Days |
153 |
|
|
$200,000 - 249,999 |
8 |
21 |
7 |
35 |
0 |
362 |
350 |
0 |
91-120 Days |
93 |
|
|
$250,000 - 299,999 |
2 |
39 |
11 |
33 |
0 |
605 |
213 |
0 |
Over 120 Days |
198 |
|
|
$300,000 - 349,999 |
8 |
41 |
29 |
25 |
0 |
575 |
124 |
0 |
Total |
867 |
|
|
$350,000 - 399,999 |
5 |
36 |
32 |
26 |
0 |
604 |
87 |
0 |
|||
|
$400,000 - 449,999 |
4 |
19 |
32 |
9 |
0 |
415 |
40 |
0 |
Type of Financing |
||
|
$450,000 - 499,999 |
2 |
22 |
29 |
4 |
0 |
382 |
33 |
0 |
|||
|
$500,000 - 599,999 |
1 |
18 |
64 |
7 |
0 |
539 |
45 |
2 |
Conventional |
546 |
|
|
$600,000 - 699,999 |
1 |
14 |
46 |
4 |
0 |
349 |
16 |
0 |
FHA |
184 |
|
|
$700,000 - 799,999 |
1 |
6 |
36 |
2 |
0 |
241 |
10 |
0 |
VA |
19 |
|
|
$800,000 - 899,999 |
0 |
4 |
28 |
0 |
0 |
158 |
6 |
0 |
Assumption |
41 |
|
|
$900,000 - 999,999 |
0 |
2 |
12 |
2 |
0 |
133 |
3 |
0 |
Cash |
64 |
|
|
$1,000,000 - 2,499,999 |
0 |
1 |
72 |
4 |
0 |
499 |
30 |
1 |
Owner Finance |
1 |
|
|
$2,500,000 - 4,999,999 |
0 |
0 |
3 |
0 |
0 |
70 |
2 |
0 |
All Other |
12 |
|
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
12 |
1 |
0 |
Unreported |
0 |
|
|
Totals |
37 |
233 |
403 |
194 |
0 |
5086 |
1472 |
3 |
Total |
867 |
|
|
Grand Totals |
867 | 6561 | |||||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
The High End Home Markets Is Alive and Well in the Metro of DC
The luxury Market of Real Estate is going strong in the Metropolitan areas of DC.
This is great news considering the lackluster performance of the national real estate market.
Looking at the chart below; I would like to highlight a couple of items:
1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans.
2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.
ANTHONY DASHTIZADEH
240.353.3163 : MOBILE
REALTORPRO@AOL.COM ; ANTHONY@LUXURYSALESGROUP.COM
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format
Montgomery County, MD
From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/07/2008
|
Residential |
Active Listings |
Time on Market |
|||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
||
|
Under $100,000 |
0 |
0 |
0 |
1 |
0 |
3 |
35 |
0 |
1 -30 Days |
268 |
|
|
$100,000 - 149,999 |
2 |
1 |
0 |
7 |
0 |
9 |
148 |
0 |
31-60 Days |
155 |
|
|
$150,000 - 199,999 |
3 |
9 |
2 |
35 |
0 |
130 |
329 |
0 |
61 - 90 Days |
153 |
|
|
$200,000 - 249,999 |
8 |
21 |
7 |
35 |
0 |
362 |
350 |
0 |
91-120 Days |
93 |
|
|
$250,000 - 299,999 |
2 |
39 |
11 |
33 |
0 |
605 |
213 |
0 |
Over 120 Days |
198 |
|
|
$300,000 - 349,999 |
8 |
41 |
29 |
25 |
0 |
575 |
124 |
0 |
Total |
867 |
|
|
$350,000 - 399,999 |
5 |
36 |
32 |
26 |
0 |
604 |
87 |
0 |
|||
|
$400,000 - 449,999 |
4 |
19 |
32 |
9 |
0 |
415 |
40 |
0 |
Type of Financing |
||
|
$450,000 - 499,999 |
2 |
22 |
29 |
4 |
0 |
382 |
33 |
0 |
|||
|
$500,000 - 599,999 |
1 |
18 |
64 |
7 |
0 |
539 |
45 |
2 |
Conventional |
546 |
|
|
$600,000 - 699,999 |
1 |
14 |
46 |
4 |
0 |
349 |
16 |
0 |
FHA |
184 |
|
|
$700,000 - 799,999 |
1 |
6 |
36 |
2 |
0 |
241 |
10 |
0 |
VA |
19 |
|
|
$800,000 - 899,999 |
0 |
4 |
28 |
0 |
0 |
158 |
6 |
0 |
Assumption |
41 |
|
|
$900,000 - 999,999 |
0 |
2 |
12 |
2 |
0 |
133 |
3 |
0 |
Cash |
64 |
|
|
$1,000,000 - 2,499,999 |
0 |
1 |
72 |
4 |
0 |
499 |
30 |
1 |
Owner Finance |
1 |
|
|
$2,500,000 - 4,999,999 |
0 |
0 |
3 |
0 |
0 |
70 |
2 |
0 |
All Other |
12 |
|
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
12 |
1 |
0 |
Unreported |
0 |
|
|
Totals |
37 |
233 |
403 |
194 |
0 |
5086 |
1472 |
3 |
Total |
867 |
|
|
Grand Totals |
867 | 6561 | |||||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
The High End Home Markets Is Alive and Well in the Metro of DC
The luxury Market of Real Estate is going strong in the Metropolitan areas of DC.
This is great news considering the lackluster performance of the national real estate market.
Looking at the chart below; I would like to highlight a couple of items:
1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans.
2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.
ANTHONY DASHTIZADEH
240.353.3163 : MOBILE
REALTORPRO@AOL.COM ; ANTHONY@LUXURYSALESGROUP.COM
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format
Montgomery County, MD
From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/07/2008
|
Residential |
Active Listings |
Time on Market |
|||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
||
|
Under $100,000 |
0 |
0 |
0 |
1 |
0 |
3 |
35 |
0 |
1 -30 Days |
268 |
|
|
$100,000 - 149,999 |
2 |
1 |
0 |
7 |
0 |
9 |
148 |
0 |
31-60 Days |
155 |
|
|
$150,000 - 199,999 |
3 |
9 |
2 |
35 |
0 |
130 |
329 |
0 |
61 - 90 Days |
153 |
|
|
$200,000 - 249,999 |
8 |
21 |
7 |
35 |
0 |
362 |
350 |
0 |
91-120 Days |
93 |
|
|
$250,000 - 299,999 |
2 |
39 |
11 |
33 |
0 |
605 |
213 |
0 |
Over 120 Days |
198 |
|
|
$300,000 - 349,999 |
8 |
41 |
29 |
25 |
0 |
575 |
124 |
0 |
Total |
867 |
|
|
$350,000 - 399,999 |
5 |
36 |
32 |
26 |
0 |
604 |
87 |
0 |
|||
|
$400,000 - 449,999 |
4 |
19 |
32 |
9 |
0 |
415 |
40 |
0 |
Type of Financing |
||
|
$450,000 - 499,999 |
2 |
22 |
29 |
4 |
0 |
382 |
33 |
0 |
|||
|
$500,000 - 599,999 |
1 |
18 |
64 |
7 |
0 |
539 |
45 |
2 |
Conventional |
546 |
|
|
$600,000 - 699,999 |
1 |
14 |
46 |
4 |
0 |
349 |
16 |
0 |
FHA |
184 |
|
|
$700,000 - 799,999 |
1 |
6 |
36 |
2 |
0 |
241 |
10 |
0 |
VA |
19 |
|
|
$800,000 - 899,999 |
0 |
4 |
28 |
0 |
0 |
158 |
6 |
0 |
Assumption |
41 |
|
|
$900,000 - 999,999 |
0 |
2 |
12 |
2 |
0 |
133 |
3 |
0 |
Cash |
64 |
|
|
$1,000,000 - 2,499,999 |
0 |
1 |
72 |
4 |
0 |
499 |
30 |
1 |
Owner Finance |
1 |
|
|
$2,500,000 - 4,999,999 |
0 |
0 |
3 |
0 |
0 |
70 |
2 |
0 |
All Other |
12 |
|
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
12 |
1 |
0 |
Unreported |
0 |
|
|
Totals |
37 |
233 |
403 |
194 |
0 |
5086 |
1472 |
3 |
Total |
867 |
|
|
Grand Totals |
867 | 6561 | |||||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
The High End Home Markets Is Alive and Well in the Metro of DC
The luxury Market of Real Estate is going strong in the Metropolitan areas of DC.
This is great news considering the lackluster performance of the national real estate market.
Looking at the chart below; I would like to highlight a couple of items:
1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans.
2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.
ANTHONY DASHTIZADEH
240.353.3163 : MOBILE
REALTORPRO@AOL.COM ; ANTHONY@LUXURYSALESGROUP.COM
Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format
Montgomery County, MD
From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/07/2008
|
Residential |
Active Listings |
Time on Market |
|||||||||
|
Price Class |
2 |
|
4 |
Condo |
Ground |
Residential |
Condo |
Ground |
of Units Sold |
||
|
Under $100,000 |
0 |
0 |
0 |
1 |
0 |
3 |
35 |
0 |
1 -30 Days |
268 |
|
|
$100,000 - 149,999 |
2 |
1 |
0 |
7 |
0 |
9 |
148 |
0 |
31-60 Days |
155 |
|
|
$150,000 - 199,999 |
3 |
9 |
2 |
35 |
0 |
130 |
329 |
0 |
61 - 90 Days |
153 |
|
|
$200,000 - 249,999 |
8 |
21 |
7 |
35 |
0 |
362 |
350 |
0 |
91-120 Days |
93 |
|
|
$250,000 - 299,999 |
2 |
39 |
11 |
33 |
0 |
605 |
213 |
0 |
Over 120 Days |
198 |
|
|
$300,000 - 349,999 |
8 |
41 |
29 |
25 |
0 |
575 |
124 |
0 |
Total |
867 |
|
|
$350,000 - 399,999 |
5 |
36 |
32 |
26 |
0 |
604 |
87 |
0 |
|||
|
$400,000 - 449,999 |
4 |
19 |
32 |
9 |
0 |
415 |
40 |
0 |
Type of Financing |
||
|
$450,000 - 499,999 |
2 |
22 |
29 |
4 |
0 |
382 |
33 |
0 |
|||
|
$500,000 - 599,999 |
1 |
18 |
64 |
7 |
0 |
539 |
45 |
2 |
Conventional |
546 |
|
|
$600,000 - 699,999 |
1 |
14 |
46 |
4 |
0 |
349 |
16 |
0 |
FHA |
184 |
|
|
$700,000 - 799,999 |
1 |
6 |
36 |
2 |
0 |
241 |
10 |
0 |
VA |
19 |
|
|
$800,000 - 899,999 |
0 |
4 |
28 |
0 |
0 |
158 |
6 |
0 |
Assumption |
41 |
|
|
$900,000 - 999,999 |
0 |
2 |
12 |
2 |
0 |
133 |
3 |
0 |
Cash |
64 |
|
|
$1,000,000 - 2,499,999 |
0 |
1 |
72 |
4 |
0 |
499 |
30 |
1 |
Owner Finance |
1 |
|
|
$2,500,000 - 4,999,999 |
0 |
0 |
3 |
0 |
0 |
70 |
2 |
0 |
All Other |
12 |
|
|
$5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
12 |
1 |
0 |
Unreported |
0 |
|
|
Totals |
37 |
233 |
403 |
194 |
0 |
5086 |
1472 |
3 |
Total |
867 |
|
|
Grand Totals |
867 | 6561 | |||||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
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