Sunday, July 31, 2011

The Evers & Co. July 2011 Real Estate Report

The close-in Metro area market continues to improve, showing an 11.4% increase in dollar volume of sales in July over last year at this time. Then, for the 15th consecutive month, the average price increased, which indicates a long term trend of solid improvement. The forecast for interest rates is very good, with the Federal Reserve pledging to keep interest rates in general low for the next two years. More important, the bond market, on which mortgage interest rates depend, appears to be a safer haven for investors than the volatile stock market.

Last but not least, with prices in our area improving for so many months in a row, interest rates continuing to stay at all-time lows, and the availability of a variety of mortgage loan products, real estate is again being perceived as a good investment. Not only will this continue to fuel the market for primary residences, but it should also spur the market for second homes and investment properties.

*Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery County, Maryland; and Fairfax County, Arlington, Alexandria and Falls Church in Virginia.

Friday, July 22, 2011

SOLD in Chevy Chase Maryland!

It was a race, but we did the impossible and found our clients a house in less than a week and closed within less than a month! It was a pleasure working with everyone on this transaction, clients, agents, lenders, title company, etc.

Asking price: $999,000
Gorgeous house, they will be very happy there!

Wednesday, July 13, 2011

RENTED in Kensington!

I love my job... rented a Colonial home in Kensington Maryland!

Kensington, Maryland