real estate: Best and Worst Buys of the Week in Germantown
- 09/07/09 10:07 PM
I have changed the weekly update to include all properties which have been rated and have rendered our recommendation based upon the "Limejuicer Rating System". Please contact me if you would like a more detailed analysis for any of the homes listed below. Team Limejuicer and I have previewed over 3000 homes in the past year. We rate new listings and and re-rate existing listings on a weekly basis. The "Limejuicer Rating System" allows us to not only keep our seller clients informed but competitive in any market, while allowing us to find the best valued property for our buyer clients. (3 comments)
We started off this year with an average of 1.5 homes going under contract on a daily basis. Home Inventory numbers going into the New Year were hovering around 685 homes. It has never been more apparent to me that we were a community that had a glut of inventory. Move to the present day and we have seen a decline of housing inventory by 38% to today's number 426 homes on the market. Total homes under contract and pending settlement is an astonishing 200 on the nose. To put this into perspective that is more than was sold in (2 comments)
The properties below are this week's top rated properties in Germantown: Location: Shore Harbour, GermantownStatus: Regular SalePriced: $250,000Built in 1992 Value: 5 (Overpriced, should be no more than $230,000)Condition: 8 (Superior condition and staged beautifully)Location: 10 (This is why this home has rated so well - panoramic views of the Lake)Motivation: 7 (Average motivation)Total Rated Score: 30 - If this condo were to be priced at market it would score a 32 (4 points higher than the average home in Germantown), question the buyer could have is do I want to pay an extra $3 a day for a view? (0 comments)
real estate: Germantown Housing Inventory Numbers Plummet with Increasing Home Sales
- 03/05/09 09:54 PM
Is Germantown seeing the market changing? Yes - a drop of almost 40% of inventory since the beginning of the year. Want some good news for a change? There are currently 191 homes under contract in Germantown, during the same period in 2004 there were only 149 homes under contract. These are incredible numbers considering all that has been going on lately, however, admittedly a very large number of these are foreclosed homes. What you can take from this is the following, call/email all the folks you know that don't currently own a home and tell them that the market is (0 comments)
Waterbury Down South and North are located in the popular Waters Landing Subdivision - Which is also part of the Churchill Town Sector north of Father Hurley Boulevard. These were originally built by Ryland Homes between 1983-1986, the largest model the "Patuxent" boasts 1600 square feet and usually has 3 bedrooms and 2 and one half bathrooms. Their only drawback is that they are back to back townhomes, in other words do not have a basement, however this is one of the most affordable sections of the County. The Home Owner's Association has an on site manager and in my (0 comments)
The properties below are this week's top rated properties in Germantown:
Location: 11412 Applegrath Way, BrandermillStatus: Active, (Bank OwnedPriced: $164,900 (Originally priced at $164,900)Built in 1986 Value: 10 (Hit the really good buy list)Condition: 6 (Slight aroma, newer appliances, new carpet, paint is okay, needs new windows)Location: 6 (Backs to other townhomes)Motivation: 7Investor Rating: 19.5 (Good rental property - could be a flip at the right price o/a $140,000)Total Rated Score: 29 (Shouldn't last long especially with the low interest rates)
Location: 18640 Sage Way, Cinnamon WoodsStatus: Active (Bank owned)Priced: $134,900 (Originally $144,900)Built in 1975 Value: 10 (Great (0 comments)
The properties below are this week's top rated investments in Germantown: Location: Saint Johnsbury Lane, Fox Chapel, Germantown Status: Active (Countrywide Owned) Priced: $209,900 (Just reduced $100,000) Built in 1970 Value: 10+ (Unbelievable price - Great buy) Condition: 5 (Needs work) Location: 6 (Typical location for this subdivision) Motivation: 7 Investor Rating: 19 (Great keeper or flipper) Total Rated Score: 28 Location: Warrior Brook Drive, Germantown Estates, Germantown Status: Active (Privately owned) Priced: $334,888 Built in (0 comments)