Video Update For Chevy Chase MD Homes For Sale - March 2011

Chevy Chase MD Homes For Sale

Chevy Chase MD homes see DOM measurement fall off a cliff

This graph, showing the Median Days On Market measurements over the past year for Chevy Chase MD homes for sale, shows a massive dropping off in just the past week or two.  In early march, it looks like the median amount of time a Chevy Chase home was staying on the market was close to 100 days.  But now, within the same month, that measurement has plummeted to almost 50, maybe 52 days!  That's absurd!

My guess is that we will a very quick rebound, and this market trend will last a relatively short time.  This is likely an anomoly than anything else.  Instead of believing that all of the homes in Chevy Chase are now selling half the time that they were last month, I think it is more likely that some of the homes that have been on the market for quite awhile, left the market.  And at the same time, as spring arrives, many new listings are hitting the market, really skewing the whole median number downward!

That's my guess, but let's keep an eye on this for the next month or so and see where this takes us.

For more information on Chevy Chase MD, as well as Bethesda, Silver Spring, Potomac and Avenel, please visit http://dcrealestatemarketplace.com

Bethesda MD homes for sale see median asking price drop $60,000 over past few weeks

We recently wrote a blog article about the median asking prices of Bethesda MD homes for sale, as of March 15, and how that median asking price had dropped a bit over the past few weeks, as the attached graph would indicate.

If you would like to read the full article, please follow the link above, or simply go to www.dcrealestatemarketplace.com where you can read all about market conditions for Bethesda as well as other smaller markets in and around D.C.  In addition, we are always happy to generate a new report just for you and your area if you just ask nicely!  Visit our site, look around and maybe even leave us a note, we'll be glad to help out however we can.

 

Downtown Silver Spring MD real estate marketing plan

I noticed something interesting yesterday, and I don't want anyone to get the wrong impression, so I am here to clear a few things up.  It appeas that if you search for an effective marketing plan for your home in Avenel, my website shows up in the top four spots.  Which I am pleased with!

But I don't want anyone to think that I don't have an equally effective Downtown Silver Spring MD Real Estate Marketing Plan, or for any other community around the DC area!  It is the same plan, so the tools that I use to sell homes in Chevy Chase are the same homes I use to sell homes in Bethesda, and Silver Spring, and Potomac, and...  you get the point.

Effective marketing tools are just that, effective tools, and it doesn't matter if the homes are located in the DC area, or any other city across the country.  So if you are thinking of selling your Downtown Silver Spring home, please don't think that I sell only Avenel homes just because Google lists my site as the top four spots for Avenel!

If I can ever be of assistance, in selling or buying a home, in any community in and around DC, please don't hesitate to visit my site and contact me there.

Avenel MD Luxury Homes Market Update For February 2011

Most of the time writing these short articles, I look at all of the homes in an entire zip code, such as all available listings in Potomac MD.  But sometimes it is important, and even interesting, to look at smaller sub-sets of properties, such as Avenel MD Luxury Homes, which is what I will attempt to do here.

Avenel MD is a community within Potomac, which is generally considered zip code 20854.  In addition, when people talk about luxury homes, that can mean any number of things.  In some communities, it might be any home over $1,000,000.  Others might consider it the top 10% of any market.  But for the sake of this quick post, I will be looking only at the top 25% of homes currently for sale in zip code 20854, and then assume that luxury homes in Avenel MD are following suit.

A lot of areas are seeing downward trends in their pricing, but not this graph.  The most expensive quarter of homes for sale in this community are actually seeing their asking price rise over the past six months.  That could be a seasonal adjustment, or perhaps the sign of a trend.  To really get to the root of this matter, it may be best to talk with an area expert.

Silver Spring MD Homes For Sale Asking Price Update

This will be a very short article, aimed primarily at anyone living in the Silver Spring market, and even those considering buying one of the available downtown Silver Spring MD homes for sale.  The median asking prices have really taken it on the chin over the past six months, losing over 12% of their value in just that short time.  If you will allow me to speak in rough numbers, in August of 2010, the median asking price for Silver Spring MD homes was right around $400,000, but in our most recent measurement, that number has fallen to $350,000, a drop of $50,000, or 1/8th of last fall's asking price.  That's pretty rough.

If you are considering selling your Silver Spring home, or maybe you want to buy one, and you need more market information to make a good decision, please don't hesitate to visit http://dcrealestatemarketplace.com for the most current market statistics as well as the most effective home marketing solution anywhere!

Picture of Potomac MD home in DC Real Estate Market

As a successful real estate agent in the DC area, I find myself in the car quite a bit, driving through different neighborhoods, either on my way to a listing appointment, or maybe with buyers looking to purchase a new home.  Sometimes, when I am by myself, I like to carry my camera with me and take a few pictures of attractive homes as I drive by.
Here is just such an example!  A week or two ago, I was driving by a few Potomac MD homes and decided to slow down and take a few pictures.  The Potomac area is clearly one of the more desirable areas in and around DC, and I suppose this picture gives you an idea why!  It is not for sale, and I am not implying any agency here, I am simply sharing a nice picture with you.


If you find that you are looking for more information on the Potomac real estate market, and would like to maybe get some information, such as pricing data and inventory data, then perhaps the best place for you to look would be http://dcrealestatemarketplace.com/communities/potomac  If I am not mistaken, there are even a few links already put together there for searches of homes for sale in the Potomac market.