Archive for May, 2010
AU Park/Tenley, DC 20016 Market Report April 2010
In April of 2010 there were an astonishing 52 homes that closed within the month for zip code 20016 in the District of Columbia (AU Park/Tenley/ Palisades). This was an increase of 27 units, as there were 25 homes that closed in April of 2009.
The average list price for homes that closed in April of 2009 was $879,916
The average list price for homes that closed in April of 2010 was $790,340
The average sale price for the homes that closed in April 2009 was $780,940
The average sale price for the homes that closed in April 2010 was Read the rest of this entry »
I’m not a lawyer…
Some of my buyers and sellers have asked if they should show their paperwork to a lawyer before submitting or accepting an offer? And my consistent answer is: “Do whatever makes you feel most comfortable. I am not a lawyer.” Sometimes circumstances demand that offers (or responses) be made quickly, which doesn’t allow for outside legal advice. Still, if this is an important step, I encourage you to take it.
Pros: You get a second, and legal opinion. Could be very helpful if you’ve been burned in the past, or fear the worst.
Cons: The paperwork we Realtors use is Read the rest of this entry »
Lynnbrook vs. Lynbrook. An East Bethesda Mystery…
Maybe I walk the dog too much (sadly, not). Or I’ve got too much time on my hands (again, not). Then again, maybe I’ve just got a warped sense of what qualifies as a mystery. But I’ve long been intrigued by the Lynnbrook vs. Lynbrook debate in East Bethesda. Is it one “n” or two?
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This was first brought to my attention because of real estate. I had a listing on the street and the sellers insisted that the correct spelling was with one “n”. I was pretty certain that it had two, but had to eat a little crow when I looked at the public record (one “n”). And I guess you have to go with the public record… right? Or, is the the street sign?
Granted, most of the street signs opt for the double “n”. But not those upstarts at the corner of Rosedale. They’ll take the single “n” thank you very much. One block away at Chestnut it’s back to two. The daycare center opts for the single “n” as well. How the heck does this persist? Does the rest of East Bethesda even care? Or am I the lone nut job in town?
Thankfully, this isn’t they type of mystery that keeps me up at night. I try to save that for the more important stuff, like, who shot Kennedy, or are there other intelligent lifeforms out there in the Universe?
Cast your vote, East Bethesda. My sanity might be riding on it!
Chevy Chase, DC 20015 Market Report April 2010
In April of 2010 there were 17 homes that closed within the month for 20015 Chevy Chase, DC. This was an increase of 3 units, as there were 14 homes that closed in April of 2009.
The average list price for homes that closed in April of 2009 was $866,896
The average list price for homes that closed in April of 2010 was $847,282
The average sale price for the homes that closed in April 2009 was $837,267
The average sale price for the homes that closed in April 2010 Read the rest of this entry »
It might be time to refinance…
Rates are low. Really, really low.
A conforming (up to $417,000) 30-year fixed rate is 4.625% with 0 points.
The same loan, with 1.25 points is at 4.325%.
For loans between $417,000 and $729,000 the 30-year fixed rate is 4.75% with 0 points.
The same loan, with 1.25 Read the rest of this entry »
Ma’am, Step away from the furniture!
The Washington Post just reported that lenders, effective June 1, will be running a final credit report on purchasers just prior to settlement. That’s in addition to the preliminary one they run to qualify you for the loan.
And it’s not just for purchases. If you open a line of credit, let’s say, at Ethan Allen, in anticipation of your big Read the rest of this entry »
Bethesda 20817 Market Report April 2010
In April of 2010 there were 45 homes that closed within the month for 20817 Bethesda, Maryland. This was an increase of 15 units, as there were 30 homes that closed in April of 2009.
The average list price for homes that closed in April of 2009 was $733,379
The average list price for homes that closed in April of 2010 was $910,510
The average sale price for the homes that closed in April 2009 was $674,976
The average sale price for the homes that closed in April 2010 was Read the rest of this entry »
Who Knew…
Rental Cars. Money. Ick.
I’m heading to San Francisco in two weeks. I’ve been putting off renting a car because to do so from the airport is going to run me @$400 for 4 days. Sheeze. I’ve been checking out prices on Priceline, Travelocity, Budget – all of ‘em - No bargains to be had. However…
I have just discovered a little secret. And maybe the rest of the world already knows this, but it’s good news for a cheapskate like me. Pick up the car from another location (in this case, downtown SF), and you can get it for about 1/3 of the price. Yahoo. And, I can return it to the airport, which is where I want to be at the end of the trip. No brainer.
Feeling thrifty, sneaky, and vastly richer.
Bethesda 20816 Market Report April 2010
In April of 2010 there were 22 homes that closed within the month for 20816 Bethesda, Maryland. This was an increase of 8 units, as there were 14 homes that closed in April of 2009.
The average list price for homes that closed in April of 2009 was $787,807
The average list price for homes that closed in April of 2010 was $814,136
The average sale price for the homes that closed in April 2009 was $730,321
The average sale price for the homes that closed in April 2010 was Read the rest of this entry »
DC and the DMV
Man, if there’s anything I hate more in life… it’s the DMV (Department of Motor Vehicles). Lousy pictures, long lines, having to admit your weight. There oughta be a law. Go to this god-forsaken website if you want/need any information on driving in the District.
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