Real estate blog entries tagged with montgomery county by Joe Buffington, GRI, CDPE (RE/MAX Realty Centre)

Home : Blogs : Joe Buffington : Real Estate in the Buff(ington Building) : Tag "montgomery county"

montgomery county: Whats going on with all the building in the Olney area? - 08/16/11 08:26 AM

Buzzuto is building a 79 unit Elderly and Memory Care facility. Some of you may remember Sunrise Assisted Living came with a similar proposal about 3 years ago. Since this facility is using the Sunrise plans, they did not need to go through the public feedback process again. There is a similar facility proposed just north of the Fire Department on Rt. 97. (you can see some of the details on my twitter account @joebuffington2)
Also Stanley Martin is building 2 new projects in the Olney area. The Orchard in Sandy Spring (34 home sites) and Rock Creek Preserve (117 single … (1 comments)

montgomery county: Clarksburg Supply and Demand Chart April 2011 - 05/03/11 03:46 AM

Here is the Clarksburg Area supply and demand chart for April 2011. The Green bars respresent the percentage of available homes that sold this month. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
The absorption rate went up significantly from March 11. The available inventory may look high, but once you take out the short sales and foreclosures, the inventory is limited. If you were ever considering selling your home, now is the time.
Absorption Rates:
April 2011 13.4% absorption rate
April 2010 15.5% absorption rate
April 2009 8.7% absorption

… (0 comments)

montgomery county: Olney Area Supply and Demand Chart April 2011 - 05/03/11 03:37 AM

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for April 2011. The Green Bars represent the percentage of sold homes in the available inventory this month. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Just like the Montgomery County numbers the absorption rates are a bit misleading. Alot of the available inventory is short sale and foreclosure. Many buyers can't and won't buy these properties. Please feel free to contact one of our great agents for any market information www.realty-md.com
Again … (0 comments)

montgomery county: Montgomery County Supply and Demand Charts April 2011 - 05/03/11 02:59 AM

Here is the Montgomery County, Maryland supply and demand chart for April 2011. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
There is an interesting dynamic in the Montgomery County right now. The absorption rate is falling which typically indicates a lack of buyer interest. However, when we look at the available inventory, there is still a lot of short sales and foreclosures in numbers. Most buyers CAN'T or WON'T buy a foreclosure and/or short sale (that is a 5 pg blog for another day). So the available owner occupied, … (0 comments)

montgomery county: Montgomery County Supply and Demand Charts March 2011 - 04/08/11 04:24 AM

Here is the Montgomery County, Maryland supply and demand chart for March 2011. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
We have seen a steady increase in the county absorption rate. As new inventory comes on the market in the Spring, we tend to see absorption rates level off. If the absorption rate increases in May, you know we are going to have a HOT Spring market. Stay tuned
Inventory is growing. So if you haven't been searching homes in the last 2 weeks you might be pleasantly surprised … (0 comments)

montgomery county: Olney Area Supply and Demand Chart March 2011 - 04/08/11 04:17 AM

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for March 2011. The Green Bars represent the percentage of sold homes in the available inventory this month. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
The March 2011 rate is almost identical to the Feb 2011 rate. The inventory of available homes has begun to grow. Buyers who had been looking might want to use this weekend to take a look at the new, reduced and improved selection of homes in Olney. … (0 comments)

montgomery county: Clarksburg Area Supply and Demand Chart March 2011 - 04/08/11 04:04 AM

Here is the Clarksburg Area supply and demand chart for March 2011. The Green bars respresent the percentage of available homes that sold this month. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Clarksburg's absorption rate for March 11 dropped significantly. Good news is that this drop is attributed to a severe lack of resale inventory. Consider this, there were less homes on the market at the end of March than there were at the end of December. So if you are considering selling your home in Clarksburg, NOW is the time. Demand … (0 comments)

montgomery county: Clarksburg Area Supply and Demand Chart February 2011 - 03/10/11 02:40 AM

Here is the Clarksburg Area supply and demand chart for February 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Clarksburg's absorption rate for Feb 11 is inline with the Montgomery County numbers. Since this report only looks at resale home, the new home numbers need some attention as well. We are seeing the new home activity spike in recent weeks.
On February 19 and April 2 our New Home Info Center will be open from … (0 comments)

montgomery county: Olney Area Supply and Demand Chart February 2011 - 03/10/11 02:33 AM

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for February 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Just like the statistics for Montgomery County, the Olney numbers for February for the last 3 years looks almost identitical to the January numbers for the last 3 years.
Again I feel that the 2011 numbers will look very similar to last year. As we recover (and the … (0 comments)

montgomery county: Montgomery County Supply and Demand Charts February 2011 - 03/10/11 02:28 AM

Here is the Montgomery County, Maryland supply and demand chart for February 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
It was kind of funny to see the numbers for January 11 vs. Jan 10 vs. Jan 09 look almost identical to the February numbers for the same years. Again I think 2011 is going to look very similar to 2010. We will have some ups and down, but a steady market is a … (0 comments)

montgomery county: Montgomery County Supply and Demand Charts January 2011 - 02/24/11 05:49 AM

Here is the Montgomery County, Maryland supply and demand chart for January 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
January shaped up to be a strong month for absorption rates in Montgomery County. January is perceived as very slow based on the fact that activity is diminished because of Nov/Dec holidays. The reason the absorption rate is important is because it tracks activity based on the available inventory. For a seller looking for the … (0 comments)

montgomery county: Olney Area Supply and Demand Chart January 2011 - 02/24/11 05:38 AM

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for January 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Another steady month of growth in Olney. Things are really up for an active Spring market. Many savvy sellers and buyers are already seeing market activity increase in what should be the dead of winter. We anticipate 2011 to be very much like 2010 in the real estate … (0 comments)

montgomery county: Clarksburg Area Supply and Demand Chart January 2011 - 02/24/11 05:30 AM

Here is the Clarksburg Area supply and demand chart for January 2011. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
The absorption rate for Clarksburg returned to is slow and steady growth. I believe that December 10 v. December 09 was an aberration. Look for slightly improving to flat numbers for Clarksburg and the Metro DC are for 2011. THIS IS A GOOD THING. Too much change (good and bad) in a real estate market creates fear and uncertainty.
Now … (0 comments)

montgomery county: Montgomery County Supply and Demand Charts December 2010 - 01/17/11 08:58 AM

Here is the Montgomery County, Maryland supply and demand chart for December2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
I still feel the Montgomery County market will be slow through the end of the year. Come Feb 1, things we will see an upswing in activity.
I anticipated a bigger increase in the absorption rate for Dec 2010. However a county wide 18.5% absorption is healthy.

Absorption Rates:
December 2010 18.5% absorption rate
December 2009 19.2% … (0 comments)

montgomery county: Clarksburg Area Supply and Demand Chart December 2010 - 01/17/11 08:34 AM

Here is the Clarksburg Area supply and demand chart for December 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Compared to most of the county Clarksburg had a huge drop in absorption from 2009 to 2010. Considering Nov 2010 absorpiont in Clarksburg was better than the rest of the county, this may have been a "leveling out" month. Stay tuned to the early spring numbers.
Now is the time when savvy sellers and buyers make … (0 comments)

montgomery county: Olney Area Supply and Demand Chart December 2010 - 01/17/11 08:28 AM

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for December 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
December was a bounce back month as expected. 16.6% is a strong number for December. This bodes well for a strong spring market.
Absorption Rates:
December 2010 16.1% absorption rate
December 2009 11% absorption rate
December 2008 11.2% absorption rate

… (0 comments)

montgomery county: Montgomery County Supply and Demand Charts November 2010 - 12/17/10 06:18 AM

Here is the Montgomery County, Maryland supply and demand chart for November 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
I still feel the Montgomery County market will be slow through the end of the year. Come Feb 1, things we will see an upswing in activity.
In the Metro DC area the real estate market slows up a tad before a major election like 2010's. Also the Bank of America foreclosure fiasco has … (0 comments)

montgomery county: Olney Area Supply and Demand Chart November 2010 - 12/17/10 06:12 AM

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for November 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
Yikes! That is a serious drop from 09 to 10. There are reasons but this drop is a bit extreme.
In the Metro DC area the real estate market slows up a tad before a major election like 2010's. Also the Bank of America foreclosure fiasco has created … (0 comments)

montgomery county: Clarksburg Area Supply and Demand Chart November 2010 - 12/17/10 06:08 AM

Here is the Clarksburg Area supply and demand chart for November 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.
While many areas are seeing major drops in absorption 2010 v. 2009, Clarksburg held steady. That is very encouraging.
Absorption Rates:
November 2010 10.1% absorption rate
November 2009 10.8% absorption rate
November 2008 8.2% absorption

… (0 comments)

montgomery county: Montgomery County Supply and Demand Charts October 2010 - 11/10/10 08:22 AM

Here is the Montgomery County, Maryland supply and demand chart for October 2010. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month
In the Metro DC area the real estate market slows up a tad before a major election like 2010's. Also the Bank of America foreclosure fiasco has created some media drama that was not good for any US industry. Furthermore, the rest of the fourth quarter will probably lag behind last year because of the tax credits last … (0 comments)

Related Links: