Sajan, Home Buyer in Germantown, MD

Please let me know Market condition in Germantown, MD 20874 zipcode.

Asked by Sajan, Germantown, MD Fri Apr 20, 2012

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Answers

7
For more market conditions in Germantown visit the link below.
0 votes Thank Flag Link Thu Apr 11, 2013
Quite swell, Sajan, quite swell.
0 votes Thank Flag Link Fri Apr 20, 2012
Hi Sajan,

Homes priced at $500,000 that are well priced and show well with upgrades to the home are selling in 4 days or less with mutiple buyers. It's only April so this trend will likely get worse as the peak buying months are May and June. Many first time home buyers will have to make offers on several homes before they snag one.

As long as interest rates remain stable the present home buying "Freezy" should continue to the end
of the summer. Also prices will likely rise 3% over the next several months.

Greg Myers
RE/MAX Realty Group
0 votes Thank Flag Link Fri Apr 20, 2012
Sajan,
You can get a detailed report at
johnwclappjr@gmail.com
0 votes Thank Flag Link Fri Apr 20, 2012
Hi Sajan - Inventory for entry level homes (under $300K) is very low -- buyer competition for nice, well-priced homes can be fierce. The middle of the market is fairly balanced. Still, homes in the best condition can go very quick. At the upper end of the market - $800K+ - there's quite a bit off inventory with good buyer selection. Hope that helps. Good luck.

http://mocorealestate.com/germantown/
0 votes Thank Flag Link Fri Apr 20, 2012
Greetings Sajan,

Your best answer is that it depends on the price point. Higher and lower brackets will offer a different market condition. As a home buyer you are in luck, the prices in all brackets have dipped to the extent that more buyers are out at all price points. If you are looking for a good buy, consider this. The price has dropped over 30K and surely will be a good opportunity for many. Check it out -http://goo.gl/vux6R

Best,
Lucy Kessler,
Associate Broker
RE/MAX Reatly Group
Want an appointment - call 301-502-5027
0 votes Thank Flag Link Fri Apr 20, 2012
Hi Sajan,
Market conditions depend on quite a few factors and what you are looking for with a specific market. For example, there are numerous first time buyers and investors competing for properties in the $250K range and under, many first time and down-sizing buyers in the middle range, less in the upper brackets.
Give me a call and we can discuss your particular situation and I can give you a better feel for it. The market in general right now is rocking and you need to have an assertive agent behind you!
Molly Carter
Long & Foster
O-301-468-0606
C-240-676-1656 (best)
MollyCarterHomes@gmail.com
Web Reference: http://MollyCarter.com
0 votes Thank Flag Link Fri Apr 20, 2012
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