homes for sale: 4,000 fewer homes for sale in DC Metro Area in January - 02/12/13 10:29 AM
4,000 fewer homes for sale in DC Metro Area in January
 
Families that are searching for a home in the DC Metro Area are finding a much smaller selection of available properties.  Active listings of homes for sale in January were 4,000 less than were available in January, 2012.
There were 6,049 active listings in the DC Metro Area at the end of January, a drop of over 4,000 listings from January 2012.  The inventory shortage continues to impact all property segments, with active listings down over 40 percent across the board.  Townhomes have the lowest supply, and account for … (10 comments)

homes for sale: Homes For Sale in Kentlands, Gaithersburg, Maryland - 07/18/12 02:54 PM
Homes For Sale in Kentlands, Gaithersburg, Maryland

I talk about Kentlands flowers and post photographs of the flowers all of the time.  Kentlands is within the City of Gaithersburg and Gaithersburg is located in the heart of Montgomery County, Maryland.  There are 2,526 active listings of homes for sale in Montgomery County and 295 homes for sale in Gaithersburg.
There are 16 homes for sale in Kentlands.  If you are interested the purchase or sale of a home in the area, we will be happy to advise you on market conditions. 
Regardless of which community that may interest prospective purchasers, … (16 comments)

homes for sale: Homes For Sale In Montgomery Village, Maryland - 07/03/12 04:58 AM
Homes For Sale In Montgomery Village, Maryland
 
There are 2,567 homes for sale in Montgomery County, Maryland.  Included in that inventory of active listings on the multiple listing service (MRIS) are 74 homes in the community of Montgomery Village.  17 (22.97%) of the Montgomery Village listings are short sale pre-foreclosures and 3 (4%) are lender owned foreclosures (REO).
Montgomery Village is a preferred location for home buyers that want convenience to public transportation, shopping and public schools.  The convenience factor has also made the area a favorite for real estate investors that are building their rental portfolios.
Our office, RE/MAX Realty Group, is … (4 comments)

homes for sale: 60 Homes For Sale, 3 Foreclosures, in Montgomery Village, Maryland 20886 - 02/22/12 11:24 AM
60 Homes For Sale, 3 Foreclosures, in Montgomery Village, Maryland 20886   There are 2,346 homes for sale in Montgomery County, Maryland based on today's multiple listing service (MRIS) statistics.  42 (1.79%) of the homes for sale are lender owned foreclosures (REO).  404 (17.22%) of the homes for sale in Montgomery County are short sale pre-foreclosures.   When we focus on the specific area of Zip Code 20886 in Montgomery Village we get a little different picture of the local market.  There are 60 homes for sale in Montgomery Village.  3 (5%) are lender owned foreclosures (REO).  21 (45%) of the available properties … (8 comments)

homes for sale: 42 Foreclosures For Sale in Montgomery County, Maryland - 02/20/12 11:17 AM
42 Foreclosures For Sale in Montgomery County, Maryland
There are 2,368 homes for sale in Montgomery County, Maryland.  This information is based on multiple listing service (MRIS) statistics and does not include any properties that are not listed with agents.  42 (1.77%) of the available properties are lender owned foreclosures priced from $102,900 to $899,000.  413 (17.44%) are short sale pre-foreclosures.
Some prospective purchasers are surprised to find such a small number of foreclosures in the Montgomery County market after hearing the national news about the large volume of foreclosures in many major markets.  Local markets vary greatly and it is always a … (2 comments)

homes for sale: 22 Foreclosures For Sale in Washington County, Maryland - 02/16/12 04:06 PM
22 Foreclosures For Sale in Washington County, Maryland
There are 616 homes for sale in Washington County, Maryland based on the number of active listings in the multiple listing service (MRIS).  The average price of all of the homes for sale is $225,395.  22 (3.57%) of the homes for sale are lender owned foreclosures (REO) and they are priced from $278,199 down to $24,900.  107 (17.37%) of the homes for sale are short sale pre-foreclosures.
Many lender owned foreclosures and short sale offerings have deferred maintenance issues or repair requirements.  Some need renovation.  Home buyers should be aware that the physical condition of some of … (9 comments)

homes for sale: 196 Homes for Sale, 9 Foreclosures, in Germantown, Maryland - 02/16/12 07:08 AM
196 Homes for Sale, 9 Foreclosures, in Germantown, Maryland   There are 196 homes listed for sale in Germantown, Maryland.  These figures are based on today's multiple listing service (MRIS) data.  9 (4.59%) are lender owned foreclosures (REO).  75 (38.26) are short sale pre-foreclosures.  The home prices range from $2,995,000 down to $83,000.   A sad fact of life is that a large percentage of the short sale offerings will never reach settlement.  Some will fail because the unrealistically low prices will attract offers that are below the levels that will be accepted by the secured lenders that must provide the … (10 comments)

homes for sale: 225 Foreclosures For Sale in Prince George's County, Maryland - 02/15/12 08:05 AM
225 Foreclosures For Sale in Prince George's County, Maryland
There are 3,012 homes for sale in Prince George's County, Maryland based on today's multiple listing service (MRIS) statistics. 225 (7.5%) of the active listings are lender owned foreclosures (REO).  1,297 (43%) are short sale pre-foreclosures. 
When over 50% of the available homes are distress sales, everybody knows that Prince George's County has a very troubled real estate market.  There are no easy solutions for this long term problem.  Home buyers and investors need to proceed with great caution.  There are many bargains to be found by smart buyers.  The best protection for most … (16 comments)

homes for sale: Montgomery County, Maryland Homes For Sale 10/20/11 - 10/20/11 10:13 AM
Montgomery County, Maryland Homes For Sale 10/20/11
There are 3,386 active listings of homes for sale in Montgomery County, Maryland.  88 (3%) of the active listings are lender owned foreclosures (REO).  585 (17%) of the homes for sale are short sale pre-foreclosures.
80% of the homes for sale are regular listings by their owners.  When home buyers and home sellers look at the real estate market they should understand which category applies to the properties they are considering. 
The normal listings of homes for sale by their owners tend to be in the best condition.  Many of the lender owned … (6 comments)

homes for sale: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/29/11 - 08/29/11 12:33 PM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/29/11
96 (3%) of the 3,283 homes for sale in Montgomery County, MD are REO properties while 562 (17%) are short sale pre-foreclosures.
Home buyers are facing multiple contract competition on some of the well price homes in preferred locations.  Real estate investors are competing with first time home buyers as they build their rental portfolios while lender owned foreclosures are available at attractive prices.
The Housing Opportunities Commission of Montgomery County (HOC) offers a low mortgage interest rate with zero points for a 30 year fixed rate FHA loan.  HOC also … (2 comments)

homes for sale: Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/23/11 - 08/23/11 11:51 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/23/11 
There are 1,273 active listings of homes for sale in Frederick County, MD.  43 (3%) of the properties are lender owned foreclosures and 262 (21%) are short sale pre-foreclosures.   Mortgage interest rates are very low and there is a good selection of properties at very attractive prices. Those that plan to buy a home within the next couple of years might find that this summer is be best time for the purchase.   Special Notice:  If you plan a 2011 purchase in Frederick County, please allow us to set … (2 comments)

homes for sale: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/22/11 - 08/22/11 12:21 PM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/22/11
103 (3%) of the 3,337 homes for sale in Montgomery County, MD are REO properties while 568 (17%) are short sale pre-foreclosures.
Home buyers are facing multiple contract competition on some of the well price homes in preferred locations.  Real estate investors are competing with first time home buyers as they build their rental portfolios while lender owned foreclosures are available at attractive prices.
The Housing Opportunities Commission of Montgomery County (HOC) offers a low mortgage interest rate with zero points for a 30 year fixed rate FHA loan.  HOC also … (0 comments)

homes for sale: Prince George's County, Maryland Foreclosures Update Rev. 8/17/11 - 08/17/11 10:39 AM
Prince George's County, Maryland Foreclosures Update Rev. 8/17/11 
There are 4,300 active listings of homes for sale in Prince George's County MD.  500 (12%) of the homes for sale are lender owned foreclosures.  1,675 (39%) are short sale pre-foreclosures.  51% of the available properties are lender owned foreclosures or short sale pre-foreclosures.   Mortgage Financing:  Prospective purchasers need to be aware of the changes that have take place and understand the current requirements for obtaining mortgage financing.  All should anticipate fully documented mortgage applications that may be considered to be intrusive. Different mortgage products are offered by different lenders.  Do not … (2 comments)

homes for sale: Washington County, MD Foreclosures & Short Sales Update Rev. 8/16/11 - 08/16/11 07:54 PM
Washington County, MD Foreclosures & Short Sales Update Rev. 8/16/11
There are 868 homes for sale in Washington County, MD.  36 (4%) of the active listings are lender owned foreclosures and 122 (14%) are short sale pre-foreclosure offerings.   Loan Limit Reduction:  The "temporary" mortgage loan limits that are now in place will expire on September 30, 2011.  All loans using the temporary limits must settle on or before September 30th.     RE/MAX Realty Group Preferred Lender:  Joe Salisbury at Presidential Bank Mortgage, joe@presidential.com, 301-590-8911 x 209 is the Preferred Lender for our office.   Lender Owned Homes:      … (2 comments)

homes for sale: Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/16/11 - 08/16/11 10:19 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/16/11 
There are 1,259 active listings of homes for sale in Frederick County, MD.  41 (3%) of the properties are lender owned foreclosures and 250 (20%) are short sale pre-foreclosures.   Mortgage interest rates are very low and there is a good selection of properties at very attractive prices. Those that plan to buy a home within the next couple of years might find that this summer is be best time for the purchase.   Loan Limit Reduction:  The "temporary" mortgage loan limits that are now in place will expire on … (6 comments)

homes for sale: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/15/11 - 08/15/11 11:32 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/15/11
92 (3%) of the 3,356 homes for sale in Montgomery County, MD are REO properties while 566 (17%) are short sale pre-foreclosures.
Home buyers are facing multiple contract competition on some of the well price homes in preferred locations.  Real estate investors are competing with first time home buyers as they build their rental portfolios while lender owned foreclosures are available at attractive prices.
The Housing Opportunities Commission of Montgomery County (HOC) offers a mortgage interest rate of 4.5% with zero points for a 30 year fixed rate FHA loan.  HOC … (3 comments)

homes for sale: Washington County, MD Foreclosures & Short Sales Update Rev. 8/9/11 - 08/09/11 10:07 AM
Washington County, MD Foreclosures & Short Sales Update Rev. 8/9/11
There are 881 homes for sale in Washington County, MD.  38 (4%) of the active listings are lender owned foreclosures and 124 (14%) are short sale pre-foreclosure offerings.   Lender Owned Homes:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146531246-853   Short Sale Pre-foreclosures:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146531262-600   Washington County, Maryland Real Estate Market Statistics:  During June, 2011, there were 134 closed sales and the average sold price was $152,279, down 13.04% from last year, with an average of 136 days on … (7 comments)

homes for sale: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/8/11 - 08/08/11 10:35 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/8/11
99 (3%) of the 3,370 homes for sale in Montgomery County, MD are REO properties while 551 (16%) are short sale pre-foreclosures.
Home buyers are facing multiple contract competition on some of the well price homes in preferred locations.  Real estate investors are competing with first time home buyers as they build their rental portfolios while lender owned foreclosures are available at attractive prices.
The Housing Opportunities Commission of Montgomery County (HOC) offers a mortgage interest rate of 4.5% with zero points for a 30 year fixed rate FHA loan.  HOC … (2 comments)

homes for sale: Homes For Sale In Germantown, Maryland 8/4/11 - 08/04/11 03:20 PM
Homes For Sale In Germantown, Maryland  8/4/11
Today, there are 249 homes for sale in Germantown, Maryland.  84 (34%) of the active listings are short sale pre-foreclosures and 17 (7%) are lender owned foreclosures (REO).  148 (59%) are listings that are not designated as short sales or foreclosures.  In summary, 41% of the available homes are either short sales or foreclosures.
Active listings not designated as short sales or foreclosures:
41 homes are priced at $250,000 or less
Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146204200-37
108 homes are priced at $250,000 or more.
Click the following URL to see the … (7 comments)

homes for sale: Washington County, MD Foreclosures & Short Sales Update 8/3/11 - 08/03/11 02:48 PM
Washington County, MD Foreclosures & Short Sales Update 8/3/11 
There are 893 homes for sale in Washington County, MD.  45 (5%) of the active listings are lender owned foreclosures and 122 (14%) are short sale pre-foreclosure offerings.   Lender Owned Homes:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146118716-171   Short Sale Pre-foreclosures:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146118900-895   Washington County, Maryland Real Estate Market Statistics:  During June, 2011, there were 134 closed sales and the average sold price was $152,279, down 13.04% from last year, with an average of 136 days on the … (2 comments)

 
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Roy Kelley

Roy and Dolores Kelley Photographs

Gaithersburg, MD

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Retired Real Estate Broker, Maryland Blogger

Address: Gaithersburg, MD

Office: 301-670-8996

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