MoCoRealEstate

Silver Spring Category

Silver Spring Contracts in 2010

June 14th, 2010 Categories: Silver Spring

The overall contract activity in the Silver Spring area is 36% higher than 2009 strongly indicating the real estate market here has stabilized.  Transaction volume is higher in all price ranges with most sales for homes priced under $600,000.

Contact us for information about the market in Silver Spring and see these stats for other areas in Montgomery County.

Posted by Bruce Lemieux | Leave A Comment

Silver Spring Pricing Trends

August 9th, 2009 Categories: Silver Spring

Over the last six months, contracts in Silver Spring are up over 54% compared to last year.  With a ton of distress sales, contracts for homes priced $300,000 or less was nearly 200% of 2008′s activity.  Over 90% of the sales this year have been for homes listed $500,000 or less.  Here’s a breakdown of contract activity by price range: Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

Silver Spring Market Update

June 28th, 2009 Categories: Silver Spring

More homes sell in this part of Montgomery County than any other area.  The relatively high inventory Read the rest of this entry »

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Three-times the sales compared to last year? Isn’t this a slow market?

November 20th, 2008 Categories: Foreclosures, Germantown, Market Updates, Silver Spring

Entry-level housing in Montgomery County is heating-up.  Looking at the last four weeks, the number of contracts in many parts of Montgomery County is more than tripled compared to this time last year for homes priced under $300,000.  As inventory has climbed, foreclosures and distress sales have applied downward pressure on prices in this segment.

So is this a harbinger that we’re reaching the illusive “bottom” of the Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

Montgomery County foreclosure hotspots

November 3rd, 2008 Categories: Clarksburg, Foreclosures, Gaithersburg, Germantown, Silver Spring

With foreclosures and declining home prices, news on the real estate market isn’t good.  True, our local real estate market is under pressure; but Montgomery County is much healthier than markets in California, Las Vegas and Florida that we always hear about.  Foreclosures in our area are mostly concentrated in two areas: entry-level housing, and areas that experienced a lot of new construction in the early 2000s.

Right now, about 50% of all available homes in Montgomery County are priced under $400,000 in the zip codes of Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment