The chart below is the November real estate statistics in Montgomery County, Maryland for November 2008. the average sale price is down nearly 18%. While it is practically impossible to time the market, it's sometimes easy to read the signs. The signs say these prices are much better than they were last year. and last year they were down from the year before. So, if you want to buy, are qualified and want to keep you proeprty for at least 7 years, I recommend buy away. Rates are low, prices are down, sellers are motivated. Prices could go lower, but they are definitely fair in the majority of cases. Long term, the signs say go.
2008 2007 Change
Total Sold Dollar Value $ 224,791,913 $ 304,344,372 - 26.14 %
Average Sold Price: $ 425,742 $ 518,474 - 17.89 %
Median Sold Price: $ 330,000 $ 410,000 - 19.51 %
Total Units Sold: 528 587 - 10.05 %
Average Days on Market: 106 99 99 7.07 %
Average List Price for Solds: $ 469,945 $ 560,974 - 16.23 %
Avg Sale Price as a
percentage of Avg List Price: 90.59 % 92.42%
Meyer Leibovitch, REALTOR
Direct) 301-674-5227
The chart below is the November real estate statistics in Montgomery County, Maryland for November 2008. the average sale price is down nearly 18%. While it is practically impossible to time the market, it's sometimes easy to read the signs. The signs say these prices are much better than they were last year. and last year they were down from the year before. So, if you want to buy, are qualified and want to keep you proeprty for at least 7 years, I recommend buy away. Rates are low, prices are down, sellers are motivated. Prices could go lower, but they are definitely fair in the majority of cases. Long term, the signs say go.
The stats for Boyds compared to the same time last year for October were down all around like most elsewhere in the county. Of the eight homes sold, seven were single family homes. The chart below is for stats from October 1, 2008 to October 31, 2008.
Currently, as of December 3, 2008, there are 50 homes listed in Boyds with 10 under contract. The list below comes directly from the MRIS regarding Boyds properties. Some of the properties are currently under contract. If you are interested in more specific information visit www.meyerl.com and use my Market Snapshot to generate the most comprehensive, NO-OBLIGATION, FREE MARKET REPORT available.
Call me with any questions. I live in The Vistas at Woodcliffe one of Boyds biggest communities. With 16 home sales in Boyds I know the area well!
**Active Sponsor of The Woodcliffe Wahoos 5 years in a row!**
Is buying a home ever simple? The answer is probably not--because of all of the thought that goes into finding the right home and the stress of making the right decisions. Not to metion, the hiccups you can experience along the way.
The process, however, is usually the same for everyone and can be broken down in to its base parts. I devised this brief flow chart to simplify what seems like a daunting and complicated task. Over the past 20 years, I have helped buyers follow the same path to home buying success hundreds of times.
The chart does not address all of the intricacies and sub processes that can go into the purchase, but the majors are covered. If you follow these steps, you will find yourself owning a home. It's important to put major emphasis on the pre-approval and inspection processes. I have found that those are the areas in the transaction that can take up more time. Loan applications can get complicated and you'll want to be certain that your loan is going to be approved. The best way to handle it is up front. Inspections can reveal issues with homes that need to be negotiated. Often, it takes time for buyers and sellers to come together. If you approach your home purchase as a business decision and are methodical during the transaction, it will save time, energy and money.
A good REALTOR can connect the dots for you and protect your interests beyond settlement. Contact me if you are interested in starting your home search. Now is a great time to negotiate an excellent deal on a home especially with all of the bank owned property available!
Are you behind on your mortgage payments? Do you owe more than your house is worth? Are you afraid of suffering the embarrassment of foreclosure? There might be something you can do to avoid what seems inevitable--FORECLOSURE.
You've heard the cliche', "Bad things happen to good people." It's true and for whatever reason you find yourself in this position, it doesn't matter now. There is a very good chance you can take control, avoid foreclosure and get on with your life.
Right now, America is facing the largest foreclosure problem since the Great Depression. Literally millions of people are loosing their homes at breakneck speeds. If you are one of those people, the short sale might be a way for you to get your home sold and off your back.
A short sale occurs when the bank is willing to accept less money than is owed on the property. For example; If you owe $300,000 on your house, and its value is $225,000, the bank might allow you to send them whatever you are able to sell your house for, minus fees, and release you from the debt.
Once again, bad things happen to good people and you are not alone. Take action, give me a call and we can discuss your options.
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Maryland REALTOR blogs about the current real estate market in Montgomery County Maryland.
Wow, it's been about nineteen years since I began my career in real estate at 19 years old. I have literally a "lifetime" of experience since. I was just a scrawny, hungry kid that needed to support himself. By knocking on doors, cold calling and working until all hours of the night I managed to get people to give me a chance. Nearly 20 years later I am still here. Not so scrawny anymore, but wiser, more patient and really well prepared.
Over the years I learned that real estate is a people oriented, service business. It's not an assembly line where each client or property can be treated the same. I know that making sure that buyers and sellers needs are met is the key to success. I also know that a quality presentation both online and on paper helps sell a well priced, well staged home in any market.
There are numerous variables in a real estate transaction that can affect the outcome. Knowing what to look for and how to react from either side of the transaction is critical to having a smooth transaction. I don't use gimmicks to attract clients. My business is mainly referral because I have an honest, consultative approach that allows my clients to make the proper decisions. You know, every client has a different perspective about what works for them and finding that formula is my key to helping people.
I like to establish a working relationship with my clients to fit their needs, lifestyle and schedule. If it makes it easier for them then I do my best to make it happen that way. I will back up any advice I give using quantifiable market data, years of experience and a common sense approach. I have established excellent working relationships with other real estate experts including attorneys, inspectors, accountants, insurance providers and others that I can refer to in the event that my clients need specialty advice. I think you can have fun finding a home and I think selling a home doesn't have to be that stressful. With the proper planning, strategy and attitude it can actually be pleasurable.
Check out more information on Maryland real estate.
My Specialty
I am an expert at service first and foremost. My professional policy is open and frequent, truthful communication. I work with very nearly the same amount of buyers and sellers each year, so I have an excellent perspective from both sides of the transaction.
I am an Accredited Home Staging Professional which works out very well for my sellers and their buyers. It's important to me to make sure that my clients know that I am available for them when they need me. A large percentage of my clients are upscale buyers and sellers. They are typically successful individuals who have their own careers and need a flexible agent to work around their schedule. Most of my clients buy and sell homes between $600,000 and $2,000,0000; however I am just as comfortable helping first time purchasers. I embrace technology and have the latest and greatest tools at my disposal. All of my web tours are professionally prepared. I will only use well-lit photographs of staged property in any of my tours. All of my brochures and mailers are professionally prepared using full-bleed, high quality printing and glossy card stock.
My clients benefit from my thorough knowledge of Montgomery County, Maryland. Primarily my clients buy or sell in the Bethesda, Potomac, North Potomac, Rockville, Germantown and Boyds areas of Montgomery County. To find Maryland real estate in any of these areas go to Maryland real estate listings.
Testimonials
When I received the first offer for my house from the other agent I was sure was glad you told me to wait. You really lived up to your word when you brought me an offer from someone else for nearly thirty thousand more! Thanks Meyer for helping me get top dollar. It really helped with the purchase on the new house, which I also love. I would highly recommend you to anyone and everyone. Oh, I already have!
Teresa R.
Thanks for all the hard work. I didn't know how much really went into the process but watching you stage my home made me realize that you are a hard worker who knows what to do to make a house sell!
Thanks to the best REALTOR in the WORLD! We really appreciate your help! When it comes time to sell we will call you without a doubt!
Jeff and Angela L.
I really want to thank you for doing an amazing job! Even in a tough market you were able to do what you promised. I was definitely worried about getting my condo sold in time to move into the new place and you made it happen and we got top dollar. I would have never guessed it would hav sold in less thatn 2 weeks! I will pass your name to anyone interested in selling or buying a home!
Kevin G.
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