Evers & Company Market Report- March 2011

By
Real Estate Agent with Marcie Sandalow, Compass 301.758.4894

Original Source:  The March 2011 Evers & Co Real Estate Report

The March 2011 Evers & Co Real Estate Report

United States Capitol BuildingLast year, March sales were roaring because of the First Time Homebuyer’s Tax Credit, so it isn’t surprising that the dollar volume of sales this March actually declined 3% from last year at this time. Properties stayed on the market 31% longer than last year at this time, again because last spring’s market was fueled by the tax credit.

Those of us involved in the real estate market anticipated that this March would show a great improvement over February, and indeed it did, with a 53% increase in dollar volume of sales. While April 2011 should be even better than this past month, it will be hard to meet the landslide of sales we saw last April with buyers rushing to purchase before the April 30th tax credit deadline. The good news is that the average price of property, which is the last thing to improve in a market recovery, has gone up 11 out the past 12 months, with a whopping 10% increase this month over March 2010.

*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 Northern Virginia. .
Posted by

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Marcie Sandalow is a realtor with Evers & Company Real Estate, Inc. in Chevy Chase, DC.   
With 15+ years in the business, and a sharp understanding of her client's needs, she serves Buyers and Sellers
in and around Bethesda, Chevy Chase, Washington, DC, Kensington, Rockville, Silver Spring and Takoma Park. 

E-mail:  marcie@bccdcrealestate.com
Cell:  301/758-4894

Website:  BCCDCRealEstate.com and DCHouseSmarts.com

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Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Marcie, the tulips are blooming and so is the real estate market in Bethesda MD...that is a great combo!

Apr 13, 2011 01:00 PM #1
Rainmaker
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Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

That is good news and next month will be tricky month to report.

Apr 13, 2011 01:30 PM #2
Rainmaker
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Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Marcie - a 10% increase is great! love your photo and my tulips just got mowed done by the deer! I went to bed and they were blooming and the next morning I walked out the door and all the flowers were gone with the stems sticking up! :(   Lucky I love deer so much!

Apr 13, 2011 05:11 PM #3
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Marcie Sandalow

Bethesda Chevy Chase DC real estate
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