Best Time to Buy in the DC/Maryland/Virginia Area

By
Real Estate Agent with Keller Williams Team Realty

We are seeing our share of foreclosures, however, we also see the market picking up.  What an opportunity for first time buyers, for families looking to move up and for investors.   I am seeing homes in great condition, updated etc. at foreclosure prices but not foreclosures. 

In Bethesda, Maryland, homes are again affordable.  A beautiful, 5 bedroom, 4 full bath home for only $725,000, while in Urbana, Maryland homes less than 5 years old which were purchased at $700,000 selling today for only $500,000.  Jump on the bandwagon, and purchase a home today.  The only time you will know the market has bottomed out is when it is on the way up.

In Montgomery Village, I sold in January a 4 bedroom, 3 full bath garage townhome in mint condition at $299,000 in 10 days.  We have a darling 2 master suite garage town-home for only $279,500 in the same location. Home prices range from $200,000 to $700,000. Montgomery Village is community designed with lots of green space, a lake with geese/ducks and row boats/sailfishes, 6 pools, tennis courts, bike trails, and close to the Metro.  This community is about 20 miles from DC.  A wonderful place to walk your dog.

Another area is the Kentlands, this was designed to represent a 19th century town, including alleys.  Walk to shopping, to "Whole Foods", restaurants, movie theater and schools.  This community is about 15 years old with home prices beginning around $400,000+. 

Look to my blog on a weekly basis to find out what is happening in the above communities. 

Bunny Land at Butlers Orchard  March 20,21,22,24,29,&30.  www.butlersorchard.com

The Boy Scout Troop 1988 held a food drive in Montgomery Village which brought 115 bags of food to Gaithersburg Help.

 

FairHousing & Equal Opportunity

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Rainer
21,591
Megan McGonigal
Integrity Real Estate - Northeast, MD
CRP - Cecil County, MD & Harford County, MD Real Estate
I am in Cecil County, MD and I too have noticed that the market is picking up. Thank Goodness!
Mar 15, 2008 12:18 PM #1
Rainmaker
388,769
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana
Great to hear it is picking up I guess it couldn't get worse in some areas.
Mar 15, 2008 12:20 PM #2
Rainmaker
1,027,160
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.
I have noticed the same thing in my necks of the woods in northern Virginia.  I have written two offers recently, both were multiple offer situations.  Of course, both homes were well priced and ready to go, which is what is making the difference these days.  I have a pipeline full of well qualified buyers who are simply waiting for inventory!
Mar 15, 2008 12:50 PM #3
Rainer
2,673
Francie Whitlock
Keller Williams Team Realty - Gaithersburg, MD
Thanks for your responses.  Glad to hear it is happening in our area.
Mar 15, 2008 12:58 PM #4
Rainmaker
575,658
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re
I am optimistic that it will be a good year to buy in Michigan also.
Mar 15, 2008 01:06 PM #5
Rainmaker
195,584
Leo Namiot
Canopy Mortgage - Jacksonville, FL
Before you chose a lender check my rates and fees

Hello Francie,

   Welcome to active rain, it's a great online real estate community, Enjoy!

Leo Namiot

Connecticut Mortgage Specialist

http://www.benchmarkct.com/

Mar 15, 2008 01:20 PM #6
Rainmaker
1,769,162
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate
Welcome to ActiveRain, Francie, from a fellow KW agent in Las Vegas! You've provided some great local info here to help buyers see the opportunities in your market. That's exactly what we need to start turning our markets around.
Mar 15, 2008 04:56 PM #8
Rainmaker
253,303
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points

Happy blogging and good luck!

Mar 15, 2008 04:58 PM #9
Rainer
61,539
Dorene Shirley
The Mortgage & Property Connection - Campbell, CA
Silicon Valley Real Estate
Francie - Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

http://www.doreneshirley.com/

Mar 16, 2008 12:13 AM #10
Rainmaker
559,383
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Francie,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Mar 16, 2008 09:26 AM #11
Rainmaker
898,908
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm
Mar 16, 2008 10:43 AM #12
Ambassador
804,606
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876
Hi Francie,

I see this is your first post on Active Rain.  Congratulations!!  I just wanted to welcome you to a fantastic Real Estate Industry Network!  Welcome aboard, I hope you'll continue to Blog, and invite others.  

I’ve added a link to a post called, “NEW MEMBERS – Start Here” that will hopefully get you up and running with the least amount of effort, and also help you to navigate around Active Rain more efficiently.

I hope you'll find this to be a useful post in helping you get started. 

Again, welcome to Active Rain, the best place to start, and have a Blogging experience!

Good Luck to you and your business!  B-)
Mar 17, 2008 03:28 AM #13
Rainmaker
184,925
Christina Cavins
Irongate Inc. REALTORS - Centerville, OH
www.BuySellOH.com Search Ohio Homes For Sale

I agree that now IS the time to buy. I wrote a similar article, check it out here http://www.activerain.com/blogsview/521439/The-economy-is-horrible

Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
Christina.AsadEdwards@RealLiving.com
www.teamedwards.info
mobile or text 937-205-4741 office 937-573-0082  fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation

Jun 30, 2008 10:53 AM #14
Ambassador
2,492,288
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Francie.

  We invite you back to ActiveRain in 2017. 

  We would welcome your return!

Sep 17, 2017 07:25 PM #15
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Rainer
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Francie Whitlock

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