Just a reminder to spring forward an hour this Sunday morning at 2am. I had a great week of education at the RE/MAX convention and look forward to sharing with you.
Do you have money under performing in your 401K? Did you know that you might be able to buy a property through your 401K? While at the convention, I met with representatives at Equity Trust Company. While I have known about this opportunity, I have now forged a relationship to provide my clients with a new avenue to acquire investment properties without pulling cash out of pocket. I am looking into a seminar to provide more information. Interested? Let me know.
Of the 2418 homes currently available for sale in Montgomery County, 45(1.86%) are foreclosures while 358 (14.9%) are potential short sales.
Foreclosures:
There are 17 lender owned foreclosures (REO) for sale at or BELOW $250,000. Click on the listing number to see the full property description. Sort by column headers.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-161271183-2
There are 19 lender owned foreclosures (REO) for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-161271249-93
There are 9 lender owned foreclosures (REO) for sale at or Above $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-161271065-334
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Short Sale Pre-foreclosures:
There are 150 short sale listings at and below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-161260299-551
There are 158 short sale listings for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-161260406-421
There are 50 short sale listings for sale at or above $500,000
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-161260444-980
Your referrals of friends, family members and colleagues will always be appreciated. represent buyers and sellers as their exclusive agent in residential transactions, whether a regular resale or distressed property.
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Your Real Estate Professional,
<!--[if !supportEmptyParas]--> Craig Rosenfeld
Licensed in Maryland and Virginia.
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Please note: As I will be attending the RE/MAX convention next week learning how I can better assist you, next week’s report will be distributed on Friday March 9th.
MARYLAND HOMEOWNERS- The Governor is looking to reduce our Mortgage Interest Deduction that we all hold vital. Take five minutes out of your day to read about this very important issue, PLEASE! More tax burdens on real estate and homeowners will only further hurt Maryland's economic recovery. Please visit http://www.savemdmid.com/. To find out who you’re representatives are, please visit www.mdelect.net.
FHA has announced rate increases that will affect buyers significantly. Effective April 1, 2012, the up-front MIP will increase from 1% to 1.75% and there will be additional .10 to .25% increases in the annual rates as well depending upon loan amounts. Now is the time to buy if using FHA.
The overall inventory and the number of short sales available in Montgomery County continue to decrease. Motivated sellers have a great opportunity to take advantage of today’s market before any potential influx of new foreclosures become available. If you or anyone you know are considering making a move, please let me know.
Buyers of distressed properties may need to look at motivated regular resales to find the right home. A motivated seller with a home in good
Of the 2322 homes currently available for sale in Montgomery County, 40(1.7%) are foreclosures while 369 (15.9%) are potential short sales.
Foreclosures:
There are 14 lender owned foreclosures (REO) for sale at or BELOW $250,000. Click on the listing number to see the full property description. Sort by column headers.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-160538715-314
There are 19 lender owned foreclosures (REO) for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-160538634-358
There are 7 lender owned foreclosures (REO) for sale at or Above $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-160538235-309
Short Sale Pre-foreclosures:
There are 162 short sale listings at and below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-160537932-184
There are 166 short sale listings for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-160538031-775
There are 50 short sale listings for sale at or above $500,000
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-160538128-713
Your referrals of friends, family members and colleagues will always be appreciated. represent buyers and sellers as their exclusive agent in residential transactions, whether a regular resale or distressed property.
Your Real Estate Professional,
Licensed in Maryland and Virginia.
Click here for my Active Rain Localisms Blog
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/23/12
MARYLAND HOMEOWNERS- The Governor is looking to reduce our Mortgage Interest Deduction that we all hold vital. Take five minutes out of your day to read about this very important issue, PLEASE! More tax burdens on real estate and homeowners will only further hurt Maryland's economic recovery. Please visit http://www.savemdmid.com/.
Successful short sales require a fair and reasonable offer. Lowball offers only stand to be rejected by the seller or the countered by the lender. Seller’s understand that failure to close mean they are one step closer to foreclosure, something they wish to avoid. Lenders are moving more assets into their short sale divisions as they try to shorten the timeframe for approval. However, if you are on a strict deadline for moving, a short sale may not be right for you unless you have temporary housing available. For more information, please ask.
Of the 2347 homes currently available for sale in Montgomery County, 40(1.7%) are foreclosures while 405 (17.3%) are potential short sales.
Foreclosures:
There are 15 lender owned foreclosures (REO) for sale at or BELOW $250,000. Click on the listing number to see the full property description. Sort by column headers.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159981644-836
There are 18 lender owned foreclosures (REO) for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159981668-819
There are 7 lender owned foreclosures (REO) for sale at or Above $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159981696-863
Short Sale Pre-foreclosures:
There are 184 short sale listings at and below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159981510-975
There are 175 short sale listings for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159981395-889
There are 56 short sale listings for sale at or above $500,000
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159981372-894
Have you visited my real estate page on Facebook? Please click here today and show me your support by “Liking” the page and feel free to share it with your friends and family.
Your referrals of friends, family members and colleagues will always be appreciated. My business is referral based and I like it that way! I represent buyers and sellers as their exclusive agent in residential transactions, whether a regular resale or distressed property.
Your Real Estate Professional,
Licensed in Maryland and Virginia.
If you or someone you know are planning on buying using a FHA loan, please note that the new budget calls for an increase in the upfront FHA funding fee. This increase will range between .25- .50% depending upon the purchase price. We don’t have an effective date yet but it’s likely these changes will take affect in the Spring. On a 200K purchase, this would mean an additional $500 in closing expenses. Now is the time to buy before the increased rates take effect.
Interested in daily updates? Ask me about a Listingbook account and create your own custom search and receive new listings daily as they become available.
Of the 2360 homes currently available for sale in Montgomery County, 49(2.1%) are foreclosures while 439 (18.6%) are potential short sales.
Foreclosures
There are 21 lender owned foreclosures (REO) for sale at or BELOW $250,000. Click on the listing number to see the full property description. Sort by column headers.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159441618-17
There are 20 lender owned foreclosures (REO) for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159441556-739
There are 8 lender owned foreclosures (REO) for sale at or Above $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159441414-792
Short Sale Pre-foreclosures
There are 209 short sale listings at and below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159441295-338
There are 184 short sale listings for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159441313-767
There are 56 short sale listings for sale at or above $500,000
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-159441329-767
Your referrals of friends, family members and colleagues will always be appreciated. represent buyers and sellers as their exclusive agent in residential transactions, whether a regular resale or distressed property.
Your Real Estate Professional,
Craig Rosenfeld
Licensed in Maryland and Virginia.
Remax Realty Group
Residential Specialist
crosenfeld@remax.net
www.craigrosenfeld.com
301-921-4519 (Direct)
301-529-0053 (cell)
888-247-5335(Toll Free)
301-258-7757(Office)
Suburban Maryland Real Estate Market Statistics,
January, 2012
Monthly statistics are available on the tenth of the following month.
Montgomery County, MD
Real Estate Market Statistics for Montgomery County, Maryland: During January, 2012, there were 530 closed sales in Montgomery County, MD, down 4.85% from last year. The average sold price was $415,887, down 4.71% from last year, with an average of 87 days on the market. The median sold price at $325,000 was down 3.85% from last year. The average sold price was 92.34% of the average original list price.
The real estate market statistics for the past month may be viewed by clicking on the following link: http://www.rbintel.com/statistics/montgomery-county-md
Prince George's County, MD
Prince George's County, Maryland, Real Estate Market Statistics: During January, 2012, there were 526 closed sales, down 2.95% from last year. The average sold price was $179,834, down 2.82% from last year, with an average of 102 days on the market. The median sold price was $162,006, down 1.81% from last year. Homes were selling for an average of 89.78% of the average original list price.
The real estate market statistics for the previous month may be viewed by clicking on the following link. http://www.rbintel.com/statistics/prince-georges-county-md
Frederick County, MD
Real Estate Market Statistics for Frederick County, Maryland: During January, 2012, there were 120 closed sales, down 13.04% from last year. The average sold price was $227,646, down 8.85% from last year, with an average of 135 days on the market. The median sold price was $196,450, down 10.48% from last year. The average sold price was 88.27% of the average original list price.
The real estate statistics for the past month may be viewed by clicking on the following link: http://www.rbintel.com/statistics/frederick-county-md
Washington County, MD
Washington County, Maryland, Real Estate Market Statistics: During January, 2012, there were 72 closed sales, down 1.37% from last year. The average sold price was $162,198, up 16.11% from last year, with an average of 131 days on the market. The median sold price was $127,500, up 2.00% from last year. The average sold price was 87.65% of the average original list price.
The real estate statistics for the past month may be viewed by clicking on the following link. http://www.rbintel.com/statistics/washington-county-md
Howard County, MD
Howard County, Maryland, Real Estate Market Statistics: During January, 2012, there were 154 closed sales, up 7.69% from last year. The average sold price was $384,627, up .93% from last year, with an average of 106 days on the market. The median sold price was $348,500, down 1.01% from last year. The average sold price was 92.97% of the average original list price.
The real estate statistics for the past month may be viewed by clicking on the following link.
http://www.rbintel.com/statistics/howard-county-md
Carroll County, MD
Carroll County, Maryland, Real Estate Market Statistics: During January, 2012, there were 78 closed sales, up 27.87% from last year. The average sold price was $242,091, down 11.87% from last year, with an average of 162 days on the market. The median sold price was $221,500, down 5.74% from last year. The average sold price was 86.51% of the average original list price.
The real estate statistics for the past month may be viewed by clicking on the following link.
http://www.rbintel.com/statistics/carroll-county-md
Anne Arundel County, MD
Anne Arundel County, Maryland, Real Estate Market Statistics: During January, 2012, there were 299 closed sales, down 2.29% from last year. The average sold price was $346,579, down 7.7% from last year with an average of 128 days on the market. The median sold price was $275,000, down 7.87% from last year. The average sold price was 88.94% of the average original list price.
The real estate statistics for the past month may be viewed by clicking on the following link.
http://www.rbintel.com/statistics/anne-arundel-county-md
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Please contact us with your questions on the suburban Maryland real estate market.
Your Maryland real estate professional,
Craig Rosenfeld
RE/MAX Realty Group
6 Montgomery Village Avenue, Suite 200
Gaithersburg, MD 20879 USA
Direct: 301-921-4519 Office: 301-258-7757 x 519
Email: crosenfeld@remax.net
Website: www.craigrosenfeld.com
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Offering exclusive buyer and seller representation in Maryland and N. Virginia. Specialization in distressed properties including lender owned (REOs) and pre-foreclosure properties.
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