September 2011 Evers & Co. Real Estate Report

By
Real Estate Agent with Marcie Sandalow, Compass 301.758.4894

Original Source:  The Evers & Co. Sept. 2011 Real Estate Report

The average price in our Washington, DC marketplace was up for the 17th consecutive month, 3% higher than September 2010. The number of days a property stays on the market was up 8.7%, and the dollar volume of sales was down 3.3 % this month,- both being attributed to consumer concern to recent fluctuations in the economy.

While mortgage interest rates were at record lows for most of September and banks have money to lend, lenders are restricted in the amount of loans and the loan-to- value ratio, which in turn limits buyers’ ability to purchase. These restrictions were a reaction to the mortgage meltdown our economy experienced a few years ago and should ease up in the coming months, allowing more purchasers to enter the marketplace. Meanwhile, we expect prices to improve modestly and steadily, and that goes for the state of the close-in Metro market in general.

*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 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, great numbers to sell by for sure in the Bethesda MD area...amazing numbers but not surprising...I am waiting for mine to uptick.

Oct 28, 2011 12:00 AM #1
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Rainer
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Marcie Sandalow

Bethesda Chevy Chase DC real estate
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