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This is a Potomac Maryland real estate update for Sunday October 26, 2008.  As of today Sunday October 26, 2008 there are currently 260 homes for sale in Potomac Maryland.  These are fee simple homes for sale and detached single family homes.  Potomac Maryland is located in Montgomery County Maryland just north of Washington DC.  Potomac has a great homes and some great subdivisions with reasonably priced single family detached fee simple homes for sale. Below is a current list of activity on single family homes for sale in Potomac. 260 'Active' -  Potomac Maryland Homes 4 'Cntg/KO' - Potomac Maryland Homes 16 'Cntg/NO KO' - Potomac Maryland Homes 24 'Contract' - Potomac Maryland Homes Find Homes for sale in Potomac Maryland 10/26/2008

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       As many people already may know; The Government has agreed to bailout all troubled assets, within corporations on Wall St, mainly. This certainly affects us, both good and bad.      This most important thing to realize is, it was inevitable. This had to happen or our situations would be worst than that of the depression era.      Mortgage rates have gone down and will continue to drop a little more even, to stay somewhere just under 6%, for the time being.  This will help 'kickstart' the housing sector somewhat.      Regrettably, we are all left holding the bag, as taxpayers.  With, what some say to be, upwards of 1 Trillion dollars in deficit in 1 year; taxes will have to be raised. None of us are immune. Both the little guy and the big will be paying for this. Lets just hope it... 09/22/2008

  THERE HAS NEVER BEEN A BETTER TIME IN AMERICA TO BUY A HOME   You Can Quote Me On That!   To all Residents of Potomac, Bethesda and Chevy Chase:   If you have not already read my blog about now being the best time to buy, I hope you pay attention to this one.   I will make it short and sweet. In the areas that I have mentioned above; most of them are still seing HUGE PRICES INCREASES......AGAIN......HUGE PRICE INCREASES   And if I am not listing the home I won't tell. This will be are little secret.   Looks like we have recession proof zip codes mixed with a buyers market. I have developed a very unique Method to take advantage of this for all of my clients seeking to buy a home.  I can give you raw numbers such as the area code of 20817 & 20818 up almost 20% from last year and delive... 09/21/2008

A HOME IN AVENEL MEANS        A beautiful home in a beautiful community.        Luxurious grounds with careful landscaping maintenance.        Wide streets with mature trees.          Swimming pool and club house.        Areas for tennis, baseball, tot lots, ball clubs.        Golf course with fairways that meander through the community.        Ponds and wooded preserved areas.         Stables with boarding, trails and training.          SPECTACULAR HOMES IN AVENEL IN POTOMAC   Avenel is a community of about 1016 private residences.   Avenel offers Single Family Detached Homes, Patio Homes and Town Homes that back to golf course fairways.  There are 298 homes in Avenel with 1/4 to 1/2 acre home sites. There are 204 homes in Avenel with 1/2 to 1 acre home sites. There are 71 homes in Ave... 09/14/2008

POTOMAC, MARYLAND REAL ESTATE TREND INDICATOR     If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 53 new listings in the area and 39 listings went to contract. There were 37 actual settlements as compared to 57 homes sold last August. The total sold dollar volume was down 36.67%. The average number of days on the market was down to 63 from 97 days last August.  The average sale price was 92.27% of the average list price.  What does this mean?  It is still a soft market which favors buyers. The good news is that most of us in the real estate business have noticed an increase in activity and the number of contracts being submitted. It... 09/11/2008

Today Freddie Mac and Fannie May were taken over by the government. This is a milestone, in the current housing situation and hints at many more changes to come.  Namely, does this signify the bottom of the housing market? Many think so. Mortgages rates dropped almost a 1/2 percent today for home buyers. I think the most interesting questions in our area markets is; the upper echelons of the housing markets in the D.C. metro areas are doing quite fine. How will this affect our market? The government taking over these two firms will positively effect our market in a great way. There will be more money to lend and it will be easier to obtain a loan, for qualified buyers. If you are in the market to buy a home, or if you are considering to buy a home; seriously think about purchasing by th... 09/08/2008

 SUNTRUST REDUCES PRICE ON REO - POTOMAC, MARYLAND Sometimes, foreclosures take place in the finest neighborhoods.  Fall purchasers need to watch the inventory of lender owned homes in Montgomery County.  The lenders have acquired an excess inventory of properties and are highly motivated to sell them as quickly as possible.  It is a good time to make an offer on this home. Please contact us for more details on this home or ask about our client reports on lender owned homes in Montgomery County and Frederick County, MD. We represent buyer clients as their exclusive agents. roykelley@mris.com   6 TRAVILAH TERRACE, POTOMAC, MD 20854                          6 BEDROOMS/5 FULL BATHS/2 HALF BATHS REDUCED TO $1,199,900   PUBLIC RECORDS PROVIDED BY MRIS Tax Fiscal Year  2008  Estimated propert... 09/03/2008

The High End Home Markets Is Alive and Well in the Metro of DC The luxury Market of Real Estate is going strong in the Metropolitan areas of DC. This is great news considering the lackluster performance of the national real estate market. Looking at the chart below; I would like to highlight a couple of items: 1. Most transactions are being sold between the 1-30 day period, mostly with the use of conventional loans. 2. With this being said, in Montgomery county alone, there are 881 and homes on the market over a million dollars. This suggests that sellers are starting to recognize that now is an attractive time to sell a home. Prices have held firmly and buyers would like to get their foot in the door before interests rates get out of hand.   ANTHONY DASHTIZADEH 240.353.3163 : MOBILE RE... 08/31/2008

POTOMAC, in Montgomery County Maryland is a unique town of luxury homes, top ranked public schools and convenience to DC and Northern Virginia as well as the commercial centers of Montgomery County.  The closest airport is Dulles International Airport which is about 35-40 minutes from locations in Potomac.  We selected a few homes as examples of homes in these communities that reflect the quality, luxury and absolute beauty of this beautiful real estate market in Maryland.  When home buyers are in the market for a luxury home in Maryland, Potomac is the #1 location searched.  Homes in Potomac South of Potomac Village, See Map below are often on lots of 2 acres or less and have public water and sewer services.  Homes North of Potomac Village often are often on lots of 2 acres or more and... 08/17/2008

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GET TO KNOW POTOMAC, a luxury community conveniently located in Western Montgomery County along the Potomac River and a quick drive to the Washington Beltway and Northern Virginia.  Potomac is a wonderful area with top ranked public schools, popular shopping areas, convenience shopping in Potomac Village and an easy commute to Town Center in Rockville, METRO and DC.  Potomac is our unique luxury home area in Montgomery County, Maryland.  Homes below are in a popular price range of $1,000,000 to $1,500,000.  City ListPrice AbvGrdFin BR BathsAll Lot Acres TotalTaxes YrBlt Potomac $1,025,000   5 5 0.248 $9,601 1971 Potomac $1,077,000   5 5 0.31 $10,842 1971 Potomac $1,085,000 5061 4 7 1.467 $12,823 1950 Potomac $1,099,900   5 4 0.928 $9,905 1890 Potomac $1,129,000   5 5 0.258 $11,223 1985 ... 08/16/2008

Metropolitan Regional Information Systems, Inc.     ZIP Code Statistics: 20854 Potomac, MD - Real Estate Trends Roy Kelley, Associate Broker, RE/MAX Realty Group Client Service:  301-670-8996 From: 07/01/2008 to 07/31/2008                Statistics generated on: 08/07/2008   ResidentialUnit SalesNumber of Bedrooms Active Listings   Time on Market Price Class 2 Or Less   3 4or More   CondoCoop GroundRent Residential CondoCoop GroundRent of Units Sold(No. of Units) Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 21 $100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 9 $150,000 - 199,999 0 0 0 0 0 0 0 0 61 - 90 Days 4 $200,000 - 249,999 0 0 0 0 0 0 0 0 91-120 Days 8 $250,000 - 299,999 0 0 0 0 0 0 0 0 Over 120 Days 10 $300,000 - 349,999 0 0 0 0 0 0 0 0 Total 52 $350,000 - 399,999 0 0 0 0 0 1 1 0   $400... 08/10/2008

As you are well aware of by now, the real estate market has started to pick up by now. There are many reasons for this. Let me be clear by first saying: MANY INDICATORS ARE SUGGESTING THAT THE PRICES OF HOMES, AROUND THE COUNTRY, WILL DECREASE IN VALUYE. AGAIN, I THEY WILL DECREASE IN VALUE. PEOPLE HAVE TO BE CRAZY TO BUY A HOME THEY CAN GET FOR CHEAPER IN 6 MONTHS RIGHT? TRUTH BE TOLD, MORE OFTEN THAN NOT, THESE ARE THE CASES OF MOST CURRENT HOME BUYERS. WHY WOULD ANYONE BUY A HOME IN THIS SCENARIO? THERE IS ONLY ONE REASON I CAN THINK OF....TO SAVE MONEY!!! IF HOMES PRICES DROP AND INTEREST RATES INCREASE YOU WILL HAVE ALREADY BEEN TOO LATE TO TAKE ADVANTAGE OF THIS HOUSING CRISIS PRICES AND INTEREST RATES ARE EXTREMELY LOW. THIS WAS THE REASON PEOPLE STARTED TO BUY HOMES IN A FRENZY ... 08/10/2008

AVENEL IN POTOMAC MD, A LUXURY HOME COMMUNITY WITH GOLF. AVENEL, A POTOMAC LUXURY COMMUNITY WITH BEAUTIFUL HOMES, MATICULOUS LANDSCAPING AND GOLF. THE AVENEL STORY                      MAP OF POTOMAC MARYLAND Potomac, Maryland real estate is the most popular location for luxury homes, luxury communities and luxury home buyers in the state. One of the more popular communities for luxury home buyers is AVENEL.     Avenel homes are quality built by some of the most prominent luxury home builders in Maryland. Several builders of luxury homes have their personal residence in Avenel. Prices are from the $1,000,000 range for golf course town homes to approx. $4,800,000 for the spectacular luxury single family in Avenel. COMMUNITY AMENITIES AT AVENEL  Avenel was developed beginning in 1988 and ... 08/05/2008

Meyer Leibovitch | RE/MAX Realty Group | 301-674-5227 7 Woodsend Court, Potomac, MD 4BR/2.5BA Single Family House offered at $600,000 Year Built 1973 Sq Footage 1,781 Bedrooms 4 Bathrooms 2 full, 1 partial Floors Unspecified Parking Unspecified Lot Size 26,364 sqft HOA/Maint $0 per month DESCRIPTION Upgrades like new carpet, fresh paint, newer windows, updated appliances, new furnace and A/C (2006) abound in this comfortable colonial. It is a commuter's dream located in the Saddlebrook community in Potomac, Maryland just minutes from I-270 and I-495 and is in the desirable Thomas Wootton High School district. The oversized lot and low traffic cul-de-sac location make this home even more desirable. The spacious and functional floorplan is perfect for entertaining and day to day lving. s... 07/25/2008

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