DC area prices reach highest monthly level on record in May

Washington D.C. Metro home prices set new all-time high of $460,000.  May closed sales and new pending sales at decade highs; inventories continue to shrink by double-digits. Rockville, MD – (June 12, 2017) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by … Continue reading DC area prices reach highest monthly level on record in May

Online Real Estate Information Resources

Where to look?  What to rely on?  How to keep current? I initiated this blog years ago because my Clients need and want trustworthy and informed resources on real estate matters.  My clients also get prompt access directly to me to address important questions and issues they encounter and to prepare them for the transactional … Continue reading Online Real Estate Information Resources

America’s MOST Expensive Home For Sale

The Details:  38,000 sq ft new construction home +17,000 sq ft of entertainment decks, 2 master suites, 10 oversized VIP guest suites, 21 luxury bathrooms, three gourmet kitchens, five bars, massage studio/wellness spa, state-of-the-art fitness center, 85-foot glass tile infinity swimming pool, 40-seat 4K Dolby Atmos Theater, four lane bowling alley/lounge, auto gallery with cars … Continue reading America’s MOST Expensive Home For Sale

New Studies Illustrate How Consumers Misjudge Home Values

Encouraged by strong price increases and hot sales this spring, increasing numbers of owners are listing their homes for sale. But chances are good that millions of owners are making wrong assumptions about the value of their homes, according to two new studies. Wrong valuation assumptions can lead to bad decisions about whether to sell, … Continue reading New Studies Illustrate How Consumers Misjudge Home Values

Benefits Of Listing Your Home In Winter and The Holiday Season

The common assumption is that the warmer months are the best times to sell a Washington, DC area home. It’s true that many buyers do plan their new home purchases in the spring and summer seasons but that doesn’t mean all serious buyers vanish during holidays or the winter months. Thanks to reduced competition, motivated … Continue reading Benefits Of Listing Your Home In Winter and The Holiday Season

High Market Expectations Based on “Foot Traffic” and Affordable Down Payments

Among all the market indicators we analyze, occasionally we take a look at foot traffic -‐ how many people actually are out there looking for houses. The Market is still strong, though not as strong as it was last July and August.  We don’t have as many distressed properties for people to look at, but … Continue reading High Market Expectations Based on “Foot Traffic” and Affordable Down Payments