Archive for June, 2010
July Fairs & Festivals in & @ DC
July:
Smithsonian Folklife Festival
July 1-5
www.festival.si.edu
Dress Rehearsal on the Capital Lawn- July 3
No web site to speak of. This is DC insider stuff. Bring a picnic and enjoy music on the Capital Lawn as they fine tune things for the performance on the 4th. It gets crowded, but nothing like the 4th. Starts around 7pm.
Fourth of July on the Mall July 4
www.nps.gov/dc/July4th
Capital Fringe Festival July 8-25
www.capfringe.org
Signature Theatre Open House July 17
www.signature-theatre.org
Montgomery County Farm Tour July 24-25
www.montgomerycountymd.gov
Loudoun County Fair July 26-31
www.loudouncountyfair.com
Legg Mason Tennis Classic (ok… not really a fair) July 31-August 8
www.leggmasontennisclassic.com
AU Park/Tenley, DC 20016 Market Report, May 2010
In May of 2010 there were 39 homes that closed within the month for zip code 20016 in the District of Columbia (AU Park/Tenley/ Palisades). This was an increase of 12 units, as there were 27 homes that closed in May of 2009.
The average list price for homes that closed in May of 2009 was $1,117,014
The average list price for homes that closed in May of 2010 was $839,547
The average sale price for the homes that closed in May 2009 was $959,270
The average sale price for the homes that closed in May 2010 was Read the rest of this entry »
A Tale of Two Zestimates
So, what’s the big deal with Zillow?
Several of my clients are fans of Zillow. And with good reason- Zillow does an excellent job of providing the consumer with really detailed information about a property (and surrounding properties), including information on schools, parks, grocery stores, coffee shops, mortgages, etc. Where Zillow fails, in my humble opinion, is when it tries to price a home in our market (zestimates!). They get that wrong almost all of the time.
The following two houses (which recently sold) illustrate exactly what trouble lies within the automated system.
4309 Kentbury Drive, Bethesda, MD 20814
Wonderful house. Quite typical for the neighborhood of East Bethesda. Features 3 bedrooms and 1 full bath on the second floor, your standard LR, DR, smaller dated kitchen, an office addition and a 1/2 bath on the first. Basement needs work. Yard large enough for a future addition. Excellent location. This house listed correctly for $709,000 (again, in my opinion) and went under contract within 5 short days, eventually settling for Read the rest of this entry »
Chevy Chase, DC 20015 Market Report, May 2010
In May of 2010 there were 25 homes that closed within the month for 20015 Chevy Chase, DC. This was an increase of 9 units, as there were 16 homes that closed in May of 2009.
The average list price for homes that closed in May of 2009 was $871609
The average list price for homes that closed in May of 2010 was $795,640
The average sale price for the homes that closed in May 2009 was $832,848
The average sale price for the homes that closed in May 2010 was Read the rest of this entry »
Real Estate Financing 101
Mortgage rates fluctuate. As do mortgage terms. As a buyer it is vital that you understand this. Many new buyers will meet with a lender, get an idea of what they can spend, and not talk to their lender again until they’ve found a place. Guess what? Things might have changed, for better or worse.
I’ve been working with one couple for three+ years now (shocking, I know. It doesn’t usually take this long to find a house, but their requirements are very specific, and they aren’t in much of a hurry). In this time we’ve gone through many “cycles”:
- 2007: Fully approved loan, not contingent upon financing and/or sale of current property. Loan up to 100%.
- 2008: Fully approved loan, 90% financing available. Contingent upon sale of current home.
- 2009: Financing approved contingent upon satisfactory Read the rest of this entry »
Bethesda 20817 Market Report, May 2010
In May of 2010 there were 34 homes that closed within the month for 20817 Bethesda, Maryland. This was an decrease of 11 units, as there were 45 homes that closed in May of 2009.
The average list price for homes that closed in May of 2009 was $881,596
The average list price for homes that closed in May of 2010 was $877,985
The average sale price for the homes that closed in May 2009 was $769,239
The average sale price for the homes that closed in May 2010 was
Read the rest of this entry »
Bethesda 20816 Market Report, May 2010
In May of 2010 there were 24 homes that closed within the month for 20816 Bethesda, Maryland. This was an decrease of 1 unit, as there were 25 homes that closed in May of 2009.
The average list price for homes that closed in May of 2009 was $680,472
The average list price for homes that closed in May of 2010 was $895,858
The average sale price for the homes that closed in May 2009 was $644,540
The average sale price for the homes that closed in May 2010 was Read the rest of this entry »
Chevy Chase 20815 Market Report, May 2010
In May of 2010 there were 32 homes that closed within the month for 20815 Chevy Chase, Maryland. This was an increase of 6 units, as there were 26 homes that closed in May of 2009.
The average list price for homes that closed in May of 2009 was $$749,914
The average list price for homes that closed in May of 2010 was $706,953
The average sale price for the homes that closed in May 2009 was $696,353
The average sale price for the homes that closed in May 2010 was Read the rest of this entry »
Joseph Craig English
If you take a look at the top of my website, you’ll notice a montage of three screen prints, all by local artist Joseph Craig English. When I first started to get “blog fever” I wrestled with what exactly I was going to use as a “header” on my website. Because I practice real estate in both my hometown of Bethesda and surrounding areas, including DC, nothing seemed obvious. Knowing that I was a longtime fan, my husband suggested that I consider Joseph Craig English’s work… and I knew that he’d hit the nail on the head. Read the rest of this entry »
Bethesda 20814 Market Report, May 2010
In May of 2010 there were 37 homes that closed within the month for 20814 Bethesda, Maryland. This was a decrease of 6 units, as there were 31 homes that closed in May of 2009.
The average list price for homes that closed in May of 2009 was $689,954
The average list price for homes that closed in May of 2010 was $634,370
The average sale price for the homes that closed in May 2009 was $643,940
The average sale price for the homes that closed in May 2010 was Read the rest of this entry »
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