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Tuesday Flowers from Longwood Gardens

By
Industry Observer with Retired

Tuesday Flowers from Longwood Gardens

Comments on the Montgomery County, Maryland residential market:

Prospective home buyers and those that plan to sell their homes need to be alert when considering the sales that have taken place and the current inventory of available properties.  Knowing the market is mandatory if for those that are seeking the best results.  Lender owned foreclosures and short sale pre-foreclosure offerings compete with individual owners for the attention of home buyers.  Fortunately, lender owned foreclosures (REO) have been selling well in Montgomery County and the total number is no longer large enough to adversely impact the overall market.  However, some individual neighborhoods do have a disproportionate number of foreclosures.

Short sale pre-foreclosures are the most difficult sector to analyze.  The unknown factor is the required third party approval that is required since the sale proceeds will not cover the outstanding mortgages. The initial perception may differ somewhat from reality when considering short sale listings.  Many of the short sale listings have unrealistically low prices that are unlikely to receive the needed lender approval. Every week,  some of the short sale properties are advertised for trustee sale auctions at the court house steps. The short sale sector creates an artificial market and is a very negative influence in the area.

129 ( 4%) of the 3,584 homes for sale in Montgomery County are REO properties while 577 (16%) are short sale pre-foreclosures.

Dolores and I visited Longwood Gardens on Saturday to see the LilyTopia exhibit in the Conservatory. This is the largest lily display in North America and well worth the visit.  If you have photographs from your favorite places, please share them in the comments for this post.

Roy and Dolores Kelley visited Longwood Gardens on Saturday, April 30, 2011. It is one of our favorite destinations. Canon PowerShot G11 camera. Photograph by Roy Kelley.

Please contact us for information on homes for sale in Montgomery County, Maryland.

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Show All Comments
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566

Boy have you got a knack for these flower photos. They offer a nice respite from the stats and data but draw you in to read at the same time!

May 23, 2011 10:40 PM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Good analysis of the Montgomery MD real estate market Roy...key information local consumers really need to see and understand.

As always, love the pics too!

May 23, 2011 10:45 PM
Roy Kelley
Retired - Gaithersburg, MD

Good morning. Thanks so much for your positive feedback.  It is a time of great opportunity for home buyers in Montgomery County, MD. 

Congress is now pushing to raise the FHA down payment to 5% to replace the current 3.5% minimum cash requirement.  HOC, in Montgomery County, has special program for those that have not owned a home during the past three years to get in a home with much less cash.  Buyers with limited cash should take action while the programs are still available.

Roy and Dolores Kelley visited Longwood Gardens on Saturday, April 30, 2011. It is one of our favorite destinations. Canon PowerShot G11 camera. Photograph by Roy Kelley.

 

May 23, 2011 11:00 PM
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Roy - I enjoyed reading your comments on the Maryland residential market AND your flowers.  Each time I see your flowers I think you can not top this one, and then you do!

May 24, 2011 12:08 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL
Lovely flower photos, as usual, Roy. Good local info too. Have a flower-filled day!
May 24, 2011 12:31 AM
Keith Gilkey
Re/Max Chesapeake - Elkton, MD
410-920-7214, Re/Max Chesapeake

Roy, Those are great photo's! Your going to make me get in the truck and go to Longwood Gardens soon! Thanks for sharing.

May 24, 2011 12:47 AM
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Roy - beautiful flower photos as usual and as soon as it stops raining (it's been 2/12 weeks), I'm getting outdoors and getting some flower shots too! In the meantime, I just stop by and enjoy yours!

May 24, 2011 01:17 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Tuesday morning to all.  Thanks so much for your comments. Have a great week!

 

Roy and Dolores Kelley visited Longwood Gardens on Saturday, April 30, 2011. It is one of our favorite destinations. Canon PowerShot S90 camera. Photograph by Dolores Kelley.

May 24, 2011 02:11 AM
Larry Atkins
State Wide Realty Co. - Farmville, VA
Veteran Owned & Operated

Good morning Roy, I enjoyed the beautiful flamboyantly colored flowers. You both are so talented!

May 24, 2011 03:22 AM
Chris Canfield
Coldwell Banker Residential Brokerage - Tucson, AZ
Homes for Sale in Oro Valley and Tucson, Arizona

Hi Roy - Okay, here is what a columbine flower looks like in "real life" (not lovingly cared for by Longwood Gardens).  I can't believe that huge grouping of columbine you photographed!!

Columbine

May 24, 2011 12:33 PM
Roy Kelley
Retired - Gaithersburg, MD

Good evening Chris. Most of us would be unable to match the exhibits at Longwood Gardens. They have the experience and the budget to create the best displays.

 Blooming for you!

May 24, 2011 12:40 PM
Ted Tyrrell
RE/MAXCamosun (Chatterton) - Victoria, BC
Selling Homes in Beautiful Victoria

Wow Roy, you sure know how to take a photo. I especially like the pink & purple tulips.

May 24, 2011 01:03 PM
Roy Kelley
Retired - Gaithersburg, MD

Good morning Ted. I appreciate your comments.  We have another beautiful sunny day in Maryland. I took a few flower pictures in the pre-dawn light when I walked through Kentlands and Lakelands. Life is very good in Maryland!

The North Carolina Arboretum. June 13, 2010. Canon G11 camera. Photograph by Roy Kelley.

May 25, 2011 03:08 AM
Roy Kelley
Retired - Gaithersburg, MD

The sun is shining in Kentlands after over two weeks of rainy weather. Dolores is on the golf course.

May 12, 2016 02:25 AM
Roy Kelley
Retired - Gaithersburg, MD

It is sometimes good to revisit old blogs and reblogs. We might even find some good ideas for new posts.

Apr 09, 2018 05:52 AM
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