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Potomac, MD Real Estate News

By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
AVENEL HOMES FOR SALE: CHARTWELL MANOR IN POTOMAC, MARYLANDChartwell Manor Chartwell Manor is one of 14 "Villages" in the prestigious Avenel community in Potomac, Maryland. Chartwell Manor is comprised of 33 neo-classic designed homes on Chartwell Manor Court built by Martens/Edward Development Company between 1987-1993. When built, these homes won awards for their outstanding design and use of quality materials. Residents enjoy the private setting and location on a quiet cul-de-sac on the west end of Avenel along the 6th and 7th fairways of the TPC at Potomac, a private golf country club on the grounds of Avenel. Chartwell Manor homes vary in size between 4,100-6,000 square feet on the main and upper levels. Some homes have master suites on the main level and some have a more tradition...
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By Deb Harshman, REALTOR & ASPMaster Stager, The Selling Advantage
(Long and Foster - Christie's International Real Estate & Owner of Staged Home Decor)
My facebook posts on Wednesday, June 2nd... Spent the day yesterday making a Staging happen for today, "Flip this Staging", it should have been called. Then at the hour of loading the truck, I got a call! I was under bid! Contract was not emailed, and I was frantically calling and waiting or I would have to cancel. All for being "the person" to make it happen for them. No one else was supposed to be in contention. Where is the integrity????? I did not add this little tidbit to the earlier post today- I woke up to finding out properties on Copenhaver Drive in Potomac, MD were having Broker Open events. We needed to take advantage of the property comparison for the value and show the Realtors our property for sale at 9028 Copenhaver Drive, as well. It was a three-house tour. *** I started...
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By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
Potomac MD Foreclosure News & Trends: In Foreclosure & Mortgage Free Over the holiday weekend, a client recounted the difficult time she and her husband were having refinancing their mortgage. Their home a potential Potomac MD Foreclosure is worth 1/3 less than the $1.2 million dollars they paid 4.5 years ago. Before they got behind on their mortgage they tried several different ways to refinance their two loans with the bank. Their lender was of no help and as a result, they have been living in their home mortgage free. They have been stock piling cash to get back on their feet. Apparently, they are not alone. I read a very interesting article in The New York Times this morning titled, Owners Stop Paying Mortgages, and Stop Fretting. It turns out the average borrower in the united Stat...
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By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
POTOMAC VILLAGE IN POTOMAC MD: FULL OF BEANS Full Of Beans is an adorable kids apparel, accessories and gift shop in Potomac Village in Potomac MD. It is located in between Vie De France and Rite Aid in Potomac Place Shopping Center. When you walk through the door you know you have come to a special place. The store is chock full of the cutest, coolest & chicest inventory around. I stopped in Full Of Beans last week to peruse the store for my daughter and spent some time with Barbara Cohn, the owner. We chatted about a lot of things but here are the highlights that make Full Of Beans a local Potomac favorite: Q: How long have you been open and what made you decide to open Full Of Beans in Potomac MD? A: The store has been open for 14 years in this location. I was doing bookkeeping for ...
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By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
The Active Rain Realtor Nationwide Survey about Potomac, MD The real estate market in Potomac MD has been steady this spring and dare I say brisk. Check out a blog I wrote back in March titled Compelling List Price + Renovated Interior = Sold In 2010. I stand by my theory that in our greater Potomac MD market, the houses that are well priced, sell...and they sell fast! For example, of the Potomac MD Homes for Sale between $1 million dollars and $1.5 million dollars, 25 went under contract in the last 30 days. Of the 25 homes that went under contract, 19 went under contract in less than 30 days on the market. When I perused the 19 homes that went under contract, they had a compelling price tag and/or a renovated interior. That is pretty good considering the economy.  If you are interest...
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By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
BUYERS SHOULD CONSIDER RESALE VALUE BEFORE MAKING A PURCHASE I am all for throwing caution to the wind and getting the home that makes you happy. However, you have to be able to sell it in the future. It seems like a silly thing to think about now but I bet many sellers today wished they had considered resale value before purchasing their home. Here are a few tips to consider before making one of the biggest investments in your life: LOCATION This may sound obvious but avoid buying a home next to power lines, quarries, on main roads, adjacent to parking lots, hospitals, fire stations etc. You get the picture, right? I know some buyers will buy for a zip code or school district and the only homes they can afford are in subpar locations. Just know it could be challenging to sell your home...
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By Rob & Jeannie Steward - Realtors®, We Work TWICE As Hard For You! - Ashton Group
(RE/MAX Advantage)
More than 122,000 borrowers had their trial mortgage modifications canceled in April, bringing the total to 277,640 since the program began about a year ago, according to federal statistics releasedMonday. Meanwhile, only about 68,000 homeowners were converted fromthese trials to permanent modifications last month.   Under the program, known as HAMP, eligible troubled borrowers are put into trial modifications to determine whether they can keep up with the lowered payments and to give loan servicers time to verify incomeand hardship.   A total of 295,348 people have received permanent long-term help under the loan modification plan, but another 3,744 who were converted to permanent status were later cut from the program anyway.   Modifications are usually canceled if the borrower fails...
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By Rick Boothe, Realtor, Darnestown Real Estate
(Fairfax Realty)
 6 Bedroom  ,  5 1/2 Bathroom , Former Model Home with all the Goodies ...  NV Mount Vernon Expanded Purchased New in 2006 for $2,625,000  ,  Now Bank Owned & Listed For $1,652,900 I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprecedented buyer's market ... I would be glad to help. rick@handyrealestategroup.com             301-793-6796    *This information is deemed reliable but not guaranteed.    
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By Gerry Dunn
(Coldwell Banker, The Chevy Chase Office)
Listed by Long & Foster   Google Map Here   Copenhaver is on the Northwest side of Falls Road and is a lovely community of single family homes. Home of Cold Spring Elementary - this is a sought after neighborhood because of its schools and proximity to all that Potomac has to offer.   This is an all brick split that has been completely redone. The landscape is meticulous and every bit of the home has been brought up to date. This is what all homeowners dream of doing when buying a home in an older community but few ever do.   This is the Baltimore model - one of the more popular floor plans in Copenhaver. This home was expanded in the rear to expand the kitchen and add a breakfast room. There is lots of space and the renovation was very well done. The rooms on the main level are all "Su...
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By Gerry Dunn
(Coldwell Banker, The Chevy Chase Office)
  Listed by Long & Foster I have been spending a lot of time in this neighborhood over the last few weeks.  The more time I spend here, the more I like it.  Great location and great schools make this community and easy sell.  With well tended landscapes and larger lots - this community has moved up on my must see list for Potomac buyers This home sits on one of the nicest lots I have seen this year.  With over a half acre - this lot has lovely trees - but enough sunlight for a fabulous lawn.  I was joking with one of my buyers that I would kill for a yard like this one.  The home has great curb appeal.  A wide driveway provides access to the separate 2 car garage and additional driveway parking for those with larger families. The entry is covered and opens into a nice foyer that opens i...
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By Rob & Jeannie Steward - Realtors®, We Work TWICE As Hard For You! - Ashton Group
(RE/MAX Advantage)
Find Your Ideal Home With Our Free MLS Search Engine! Germantown Clarksburg Darnestown & More! This is the way to shop for properties! Narrow your search by entering exactly the features you're looking for! We Can Put You On Our Automated MLS Search Which Will E-Mail You When Properties Matching Your Criteria Enter The System On Day Zero On The Market! No Cost Or Obligation! Never Miss Out On That Pertect Property Again! Click Here For Free MLS Access... HomesByRobandJeannie.comRob & Jeannie Steward ~ Weichert, Realtors ~ 20400 Observation Dr, Ste 200 ~ Germantown, Maryland 20876 ~ Direct: (301) 213-7351 ~ Office: (301) 540-1330 x267 ~ Fax: (301) 601-0250 ~ E-Mail: Rob.Jeannie@gmail.com ~ www.HomesByRobandJeannie.com ~ We Work Twice As Hard For You!
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Potomac, MD 20854 Zip Code Real Estate Statistics     Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 165 new listings of homes for sale and 88 homes for sale went to pending new contracts. The sold dollar volume for the zip code was up 24.09% from last year. The number of homes sold was 40 from 34 last year. The average time on the market was 98 days from 100 days last year. The average sale price was 92.29% of the average list price. The median sold price was $929,500.       Spring is blooming in Montgomery County! RealEstate Business Intelligence, LLC.ZIP Code Statistics - Higher Price Segment Format ZIP Code: 20854 Potomac, MD Fro...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
HOMES FOR SALE IN POTOMAC MARYLAND - HOMES SOLD IN POTOMAC MARYLAND in APRIL 2010. POTOMAC HOME SALE ACTIVITY.  The Potomac Maryland real estate market experienced a 24% increase in the dollar value of homes sold in April 2010 over April 2009.  POTOMAC HOMES SOLD.  The average SOLD price for homes sold in Potomac in April 2010 increased 5.48% over homes SOLD in April 2009. POTOMAC HOMES ARE SELLING.  The total number of units (detached, town homes and condos) SOLD in Potomac in April 2010, 40 properties was 13.01% more than in April 2009. POTOMAC HOMES SELL QUICKLY.  Days on the Market for homes SOLD in Potomac in April 2010 was 98 days, 2% less time than the 100 days in April 2009. POTOMAC PRICES ARE ON THE INCREASE.  The average price for homes listed for sale in Potomac in April 2010...
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Potomac MD 20854 Homes For Sale & Zip Code Real Estate Statistics     Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 116 new listings and 67 went to pending new contracts. The sold dollar volume was up 41.66% from last year.  The number of homes sold was 32 from 25 last year. The average time on the market was 157 days from 86 days last year. The average sale price was 88.37% of the average list price. The median sold price was $807,500. The 224 active listings of homes for sale include 5 short sale pre-foreclosure homes for sale properties and 4 lender owned foreclosures for sale.   Do you qualify for a tax credit?  The Home Buyer T...
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By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
Potomac Manors: A Short Walk to The Village in Potomac, Maryland If you are looking for a Luxury Home in Potomac, MD but want to stay close to Potomac Village, then Potomac Manors is a wonderful neighborhood for you to consider. It is a small neighborhood of custom built, large-scale luxury homes on lots that average 1+ acre. No two homes are alike.  A+ Location: If you are driving from Bethesda, MD toward Potomac, MD on River Road, Potomac Manors is the first neighborhood on the left past The Village (the intersection of Falls and River Road). Potomac Village has all the amenities a family could need. Aside from the basics like Giant Food, Safeway, Bank of America and Chevy Chase Bank, the Village has great specialty stores like Toys Unique, Full of Beans and Ferrell's Gifts as well as...
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By Betsy Schuman Dodek, SearchPotomacHomes.com
(Washington Fine Properties - Washington DC Area Real Estate)
CAMOTOP, ONE OF THE PRETTIEST NEIGHBORHOODS IN POTOMAC, MD...AND POTOMAC SPELLED BACKWARDS From a buyers perspective, Camotop has always been a very desirable Potomac, MD neighborhood.  It's simple, Camotop has what even the most discerning buyers are looking for: Substantial Homes, Gorgeous 2+ Acre Lots and Close Proximity to Potomac Village. First, the homes are substantial. There are 46 homes that comprise Camotop. You have a mix of styles from tudors and federals to contemporary and transitional homes. The homes are expensive and listed in the upper brackets. Second, each home in Camotop sits on 2+ lush acres. Many of the homes have lovely landscaped entrances as well as a beautiful trees framing backyards that often include a pool or tennis court and sometimes both! Lastly, Camoto...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
  POTOMAC  Maryland ForeclosuresGet The Very Latest    Free List of Foreclosures    All Foreclosed Homes Just Listed on the Real Estate Market for POTOMAC Maryland - FREE - FREE - FREE - FREE - FREE - FREE - NO CREDIT CARD NEEDEDInterested in purchasing bank owned property? Choose from thousands of REO's available in the city of POTOMAC Maryland .Simply click on the picture and .We will notify you of all new Foreclosure, Bank owned Property, REO listings in Potomac MAryland  and the surrounding areas that meet your criteria, absolutely free!For your knowledge and information , there are three types of websites that can give you a LIST OF FORECLOSURES One requiring you to pay a membership fee. Other offers free trials and then pay. . The best one is COMPLETELY FREE WITH NO OBLIGATION an...
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By Rick Boothe, Realtor, Darnestown Real Estate
(Fairfax Realty)
 5 Bedrooms  ,  5 Full & 2 Half Bathrooms on just under 3 1/2 Acres on Potomac's Briarbush Lane Listed in 2007 for $1,750,000  ,  Now Bank Owned & Offered for $1,100,000 LET THE FEEDING FRENZY BEGIN ... if recent history is any indication of how the sale of this property will go ( & I'm here to tell you that it is!). This house will get Multiple offers by Monday, they will continue to come in on Tuesday ... All buyers will be asked for the Highest & Best offer by Friday  & it will be under contract by Monday. That's how it works folks ... you need to structure the offer in a way that will give you a chance ... be sure to work with the right agent. Good Luck! listed by Joe Sugden, Fairfax Realty, Inc. (202) 437-1549 I represent my buyers as their exclusive Agent ... if you are interested...
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