Thanks to an abundance of determined home buyers – a large portion of which are real estate investors – home prices are still rising. While the hot ticket items continue to be distressed properties, the benefits of this strong demand are spilling over into traditional sales as well.
The median sales price of homes in Silver Spring, MD has increased from $285,000 in August 2011 to $311,000 in August 2012. The total amount of available inventory has been cut in half during this same time frame. The average number of days a home is on the market has also reduced by 17 percent from one year ago. These figures confirm what real estate professionals have been saying since the first quarter – values are improving for homes in Silver Spring, MD.
While purchases from owner-occupants have decreased by 15.5 percent since last year, purchases from investors have increased 7 percent. 18 percent of all homes sold in the United States in August 2012 were bought by investors.
All of these signs point to a boost in national consumer confidence. As Tim Rood of the Collingwood Group optimistically and accurately points out, “…anxious people don’t buy houses; confident people buy houses.”
If you are a real estate investor and would like to search homes in Silver Spring, MD, contact Emcee Arah of DeeCee Real Estate online or call 301.452.5252. Emcee is both a Certified Investor Agent Specialist (CIAS) and a Certified Distressed Property Expert (CDPE).
A CIAS is uniquely qualified to find, create, and close with residential real estate investors using the knowledge and innovative tools earned through comprehensive education and experience. CIAS-designated agents can streamline the process of real estate investment to increase returns for investor clients by helping real estate investors navigate:
- Investment Strategies
- Self-directed IRAs
- 1031 Exchange
- Leverage Options
- Key Calculations
- Return-on-Investment
- Capitalization Rate
- Average Returns
- Cash Flow
- And much more
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