June 2009 - Posts
The first-time homebuyer's $8000 tax credit is getting cred. Home sales are up in almost all markets accross the country, with the majority of sales being first-time homebuyers. But many economic experts think its not enough. Many believe that the
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Stunning Contemporary Condo • 1,080 sq. ft., 1 bath, 2 bdrm 2 story - MLS® $195,000 - Reduced! Again! North Creek Place, Rockville - Stunning contemporary 2-story condo. Gracious Foyer leads up to bedrooms and den, or down to spacious living,
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The East Street Extension is well underway, due to be completed in the Fall of this year. City planners have plans for the 65 acres of mixed-used zoned land that will open up along with it. The opening to the Historic District from I-70 will create a
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The Absorption rate in Frederick County real estate is roughly 8 months, down from a high of 16 months last winter. What is the absorption rate? It’s a rough estimate of how long it will take the current homes on the market to sell. Because the
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What takes place during the closing of a Frederick home purchase? Here are some definitions that will help you understand the process. Closing or Settlement - The house is sold when the buyer and seller have reached a “meeting of the minds”
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When it’s time to sell your Frederick home, pricing your home competitively is one of the most important things. We all know that prices rose dramatically in the first half of this decade, but have recently seen a decline. Given that, it can be
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Now that we’re seeing some life in the Frederick Real Estate Market , it’s a good time to discuss ‘moving up’ for Frederick homeowners. A down market can be the best move-up market… as long as you have enought equity in
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When the Frederick Real Estate market was HOT between the years of 2003 and 2006, sometimes Frederick buyers bought what they thought would be no problem to sell. Now that we’re in a down market, however, some of those homes are not easy to sell.
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Real estate market statistics for May 2009 for sales activity in Thurmont MD have been published.* There has been so little activity in Thurmont, I haven't published stats in a long time. Here is the synopsis: Thurmont 2009 2008 % Change Avg. Price
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Real estate statistics for May 2009 in the Mt. Airy real estate market have been published.* Here is the synopsis: Mt. Airy 2009 2008 % Change Avg. Price $401,125 $410,464 -2% Median Price $342,000 $382,500 -11% DOM 169 166 +2% # homes sold 23 18 +28%
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Real estate market statistics for May 2009 for sales activity in New Market MD have been published.* Here is the synopsis: New Market 2009 2008 % Change Avg. Price $302,992 $382,157 -21% Median Price $295,500 $358,000 -17% DOM 145 125 +16% # homes sold
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Real estate market statistics for May 2009 for sales activity in Walkersville MD have been published.* Here is the synopsis: Walkersville 2009 2008 % Change Avg. Price $241,556 $256,714 -6% Median Price $212,000 $275,000 -23% DOM 155 103 +50% # homes
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Real estate market statistics for May 2009 for sales activity in Middletown MD have been published.* Here is the synopsis: Middletown 2009 2008 % Change Avg. Price $398,611 $532,900 -25% Median Price $322,500 $500,000 -36% DOM (days on market) 129 147
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Real estate market statistics for May 2009 for sales activity in Urbana MD have been published.* Here is the synopsis: Urbana 2009 2008 % Change Avg. Price $380,161 $439,749 -14% Median Price $387,000 $491,000 -21% DOM (days on market) 125 125 +0% # homes
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The real estate market reports are out from MRIS* for Frederick County sales in May. Here are the highlights: Average Sold Price: 2009: 287,312 2008: 325,104 -11% Median Sold Price: 249,000 286,000 -13% Total Sold: 221 184 +20% Average Days on Market:
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Overlea, Montgomery Village - Announcing a price reduction on 20307 Grazing Way, a 2,244 sq. ft., 3 bath, 3 bdrm 3 story. Now MLS® $209,000 - . Property information
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Braddock Heights, Middletown - Announcing a price reduction on 7411 Ridge Road, a 3,000 sq. ft., 3 bath, 4 bdrm 3 story "Front to back 3-level contemporary split". Now MLS® $390,000 - Dramatically Reduced!. Property information
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According to the Center for Responsible Lending, the number of foreclosures in 2009 has eclipsed 1 million. While half of those foreclosures are located in California, Florida and Nevada, we have a few in Frederick County too. We have 8% of the foreclosures
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You may have heard this, but the reality is that banks (and the government) are trying to do anything they can, within reason, to avoid foreclosing on property. Though short sales have had a rocky start, the truth is more banks are aggressively pursuing
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