Yes, we are handling more of these transactions in our office now than ever before. I am finding myself more frequently in conversations with clients regarding the matter of foreclosures in our area. They believe that the correction in the economy will necessarily generate more of these in the closer-in Washington Metropolitan region.
I have access to a database that provides reliable information on foreclosure properties. This information is from a separate information source and not derived from the MLS listings.
What does this mean to you?
I can research for you properties in all stages of the foreclosure process. The foreclosure process is complex and my research results will include foreclosure-effected properties in one of three stages: Pre-foreclosure, Auction and Bank Owned/Real Estate Owned (REO):
In addition, I will produce and email reports that include approximately 20 data fields that provide a comprehensive record of the foreclosure process. Contact me for more information at: Hill@HillSlowinski.com or HSlowinski@LNF.com
W.C. & A.N. Miller Realtors, A Long&Foster Company
4701 Sangamore Road, Bethesda, Maryland 20816
Cell: 301-452-1409 Direct: 301-320-8430 Ofc: 301-229-4000
Email: hslowinski@longandfoster.com or Hill@HillSlowinski.com
A recent Forbes piece you may find interesting:
For enterprise, Washington, DC/Northern VA is #45 of the top 200 "places out there that remain attractive to businesses", say Forbes in its special report, "Best Places For Business And Careers" (See March 25, 2009 story).
W.C. & A.N. Miller Realtors, A Long & Foster Company
4701 Sangamore Road, Bethesda, Maryland 20816
Cell: 301-452-1409 Direct: 301-320-8430 Ofc: 301-229-4000
Email: hslowinski@longandfoster.com or Hill@HillSlowinski.com
Two recent Forbes pieces you may find interesting:
According to Forbes magazine, in a recent article, "America's Most Livable Cities", which asks, "Looking for a better way of life? Start your search with these places", Bethesda, MD is the #2 "most livable" city in the US (See April 1,2009 story).
For enterprise, Bethesda is #48 of 200 "places out there that remain attractive to businesses", say Forbes in its special report, "Best Places For Business And Careers" (See March 25, 2009 story).
--Hill
W.C.&A.N. Miller Realtors, A Long&Foster Company
4701 Sangamore Road, Bethesda, Maryland 20816
Cell: 301-452-1409 Direct: 301-320-8430 Ofc: 301-229-4000
Email: hslowinski@longandfoster.com or Hill@HillSlowinski.com
Recession Hit the Region in a Big Way in ‘08, Driving Down Sales and Prices
By Alejandro Lazo, Washington Post Staff Writer, Saturday, March 28, 2009; F01
[An interesting overview of the Greater Washington Metropolitan Area market at the end of 2008. Excerpts for the close-in DC area follow...]
Home sales fell throughout the region as credit dried up and buyers fearful of an increasingly uncertain job market sat on the sidelines. No local jurisdiction except the District was spared from falling home prices, and some of the hardest hit Zip codes in the suburbs had declines of more than $100,000. ...
Region-wide, the median sales price for single-family houses and townhouses fell 8 percent, to $382,500 from $417,000, in 2007, according to a Washington Post analysis of government sales records. The median price for condominiums also fell 8 percent, to $268,000 from $289,900. The median is the point at which half the homes cost more and half cost less. ...
District of Columbia
- The District fared the best out of all the jurisdictions in the region, according to The Post's analysis. While sales volume slid 30 percent, to 2,239 homes from 3,212 in 2007, the median home price rose 8 percent, to $520,000, from $480,000. ...
Virginia
- In Fairfax County, the median home price fell 14 percent, to $445,000 from $520,000, and volume declined to 9,852 homes sold from 10,851. Several Zip codes had six-figure drops.
- In Alexandria, the median home price fell 5 percent, to $550,000 from $580,000, while the number of homes sold fell to 832 from 1,315. It remained the region's priciest jurisdiction.
- In Arlington, the median home price fell 7 percent, to $543,000 from $581,000, while the number of homes sold fell to 1,375 from 1,713. ...
Maryland
- Montgomery County experienced the steepest drop in home prices among the suburban Maryland jurisdictions, a sharp reversal for a county that had otherwise withstood some of the worst of the housing bust. The median home price fell 11 percent, to $440,000 from $495,000, and sales volume plummeted to 7,195 from 8,598.
- The housing market in Prince George's County continued to erode. The median home price fell 7 percent in the county, to $314,910 from $340,000, while sales volume fell to 3,831 from 7,993 in 2007.
- In Charles County, the median price fell 5 percent, to $309,990 from $325,000. There were 1,170 sales, down from 1,918.
- In St. Mary's County, the median price fell 7 percent, to $285,000 from $305,000. Sales fell to 899 from 1,080. ...
For Full Article and for link to County-By-County breakdowns, see: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/26/AR2009032604075.html
WC&AN Miller Realtors, A Long&Foster Company
4701 Sangamore Road, Bethesda, Maryland 20816
Cell: 301-452-1409 Direct: 301-320-8430 Ofc: 301-229-4000
Email: hslowinski@longandfoster.com or Hill@HillSlowinski.com
Web Site: www.HillSlowinski.com
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