Although in many areas of Potomac, MD, home prices have gone down recently, June was an incredibly busy month for our team.  Many Buyers finallly decided to go ahead and "pull the trigger".   Historically, June is a crazy busy month for Realtors, and I can attest that this year was true to that pattern for my team. I'm truly grateful for that. Potomac fared much better than the rest of the county (see below).  Potomac's Total Sold Dollar Volume was up 5.09% in June of 2008 compared to June of 2007.  Two additional properties were sold, and days on market actually went down one day!  Best of all, Average Sold Price is up 1.90% from June of 2007.  Here's the 20854 (Potomac) Zip Code June 2008 Statistics:     2008    2007    % Change Total Sold Dollar Volume: $ 74,191,846 $ 70,600,351 5.09... 07/12/2008

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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 deliver ... 07/08/2008

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Greetings All!        I am A realtor / real estate agent in Potomac, Maryland. I work with Luxury Sales Group & Fairfax Realty. I am writing all buyers and sellers of property in Potomac, Chevy Chase, Bethesda, Great Falls, Cabin John, Maryland, Etc.        The real estate market has been picking up tremendously lately. As prices are becoming more and more attractive people are slowly starting to jump in. Is this the sign of stability to come? Possibly. Homes, which were on the market for 200+ days are starting to sell. I even see a lot of properties selling in around 3 weeks or so. Now when I speak of Sold this is either Under Contract or Sold. So for the luxury market in general, things are looking up.     If you have any questions regarding the information I am provide, I welcome it.... 06/25/2008

HOMES FOR SALE IN POTOMAC, MARYLAND, WHO CAN RESIST?  Just look at this fabulous Potomac real estate .  When you're ready to tour, contact Homefinders.com for a personal tour of the best homes in Potomac, MD in your price range.   Homefinders.com experinced agents and broker partners will help you with valuation, inspections and all the way to settlement.  The homes shown below are all in the Churchill High School Cluster.  Property Details for listing # MC6799250 Price:  $2,298,500 City:  POTOMAC Bedrooms:  5 Bathrooms:  4 full  1 half Type of Home:  Detached Style:  Colonial Year Built:  2004 Lot Acreage:  2.160009 Subdivision:  ESWORTHY PARK  County:  MONTGOMERY, MD  State, Zip:  MD, 20854  Status:  ACTIVE  Listing Office: WC & AN Miller Realtors, A Long & Foster Company  Property De... 06/25/2008

      If you are not an investor buying a home now is and most likely will always be a great investment. Considering you are earning a return on the value of the home not the most spent, like most investments. If you buy a home now with a low interest rate you can capitalize on VERY low payments and at worst lose somewhere around10% equity. Long-term you will be fine, for sure.           Certain areas may go down a lot further in price soon and you will still be able to take advantage of a low rate at near bottom pricing. Like most speculation you usually only want to be partly right. Waiting to the best possible time increases risk tremendous so being a little behind the curve is the Conservative sure bet. Good though. 06/23/2008

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With home prices edging down and in some areas going up slightly, Now is the time to buy. This is why. The Federal Reserve has signaled, that with inflation on the rise, that they will start to raise interest rates. what does that mean to you?   Based on a 30 year 20 percent down mortgage if you buy a home now and pay $500,000 with a 5.5 percent mortgage rate thats  $2838.95   Now if rates go up to 7.5 percent, which is stilla historically low rate and the home price falls 10 percent your payments would be $3146.47   If you are not selling the home soon, which do you prefer? Call me if you have any question, I welcome them. Anthony Dashtizadeh 240.353.3163 06/09/2008

With the rise in oil, up 11...11 bucks on friday and inflation in general; we will have tough times ahead of us. I think real estate is slowly stepping away from the spotlight and other issues are popping up as priorities. Inflation is really hurting most Americans and due to this the Fed has hinted to us that their concerns will be to fight inflation rather than rescue the housing slump, hence get ready for higher interest rates. The bottom may not be as close as we think! For Consumers their will be a balancing act. Do you choose to buy while interest rates or low OR do you wait a bit for the prices to go down slighty and pay higher interest rates. If you are in it for thelong term it will pay off to by now with lower interest rate. You will save more in the long run. 06/09/2008

With the rise in oil, up 11...11 bucks on friday and inflation, in general; we will have tough times ahead of us. I think real estate is slowly stepping away from the spotlight and other issues are popping up as priorities. Inflation is really hurting most Americans and due to this the Fed has hinted to us that their concerns will be to fight inflation rather than rescue the housing slump, hence get ready for higher interest rates. The bottom may not be as close as we think! FOr Consumers their will be a balancing act. Do you choose to buy while interest rates or low OR do you wait a bit for the prices to go down slighty and pay higher interest rates. If you are in it for thelong term it will pay off to by now with lower interest rate. You will save more in the long run. 06/09/2008

The average home sale price in Potomac, MD's 20854 zip code in April of 2008 was $1,346,380.  That's up 33.17% from April of 2007.  With 47 homes sold in April of 2008, compared to 44 homes which were sold in April of 2007; this statistic doesn't exactly mean that everyone in Potomac can jump for joy, thinking that their home increased in value 33.17% since last year.  However, this is certainly a positive sign that our local real estate market is coming around.  The chart below shows that latest statistics available from our regional MLS system (MRIS).  Average days on market are down from 122 days in 2007 to 81 days in 2008.  That's a huge relief for Sellers.  Imagine trying to live your life and keep your home in "showcase condition" for 3 to 4 months straight!  Not an easy thing to ... 06/04/2008

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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 has been improving since. Amenities include a country c... 05/07/2008

There are currently no foreclosures listed in Potomac, Maryland area code 20854.  You won't find any condos listed in Potomac either...  but there are currently 33 Potomac townhomes listed on the MRIS and 194 single family detached Potomac houses for sale.  Believe it or not, the lowest priced detached home currently listed is for $550,000... MC6709423 Potomac is in Montgomery County, Maryland where the new FHA loan limit went up to $729,750.  With FHA you can get into a home with a 3% investment.  There's also a great program that will get you in with NO down payment, NO closing costs, and NO money needed at settlement.  The interest rate is currently in the low 6's, and is a fixed rate.  Check out more on this better than 100% financing loan program. Potomac's latest big development i... 05/02/2008

POTOMAC MARYLAND real estate is the luxury community for Maryland located in Montgomery County.  Proximity to Washington, D.C. is one of the attractions, together with beautiful luxury communities, top ranked public schools and close-by luxury shopping.  As of April, 2008, Potomac is not a viable location in which to search for foreclosures.  However, there are about 3 short sale opportunities.  Contact Lenn to see, 800-711-7988.CityListPrice TypeLot Acres    BRBathsAll    Fpl# GarPotomac$550,000  Detached0.22430 Potomac$665,000  Detached0.2413401Potomac$724,999  Detached0.2245512                       Public Schools in Potomac are amount the highest ranked in the state:The high schools that serve students in Potomac Maryland are Winston Churchill, Wootton and some students attend Walte... 04/04/2008

As of today, April 3rd, 2008, we have a total of 230 homes for sale in Potomac, MD.  12 homes sold in Potomac in the last 7 days; and we have 75 homes "Under Contract" at this point in time. As of the end of February 2008, homes are selling, on average, for 90.48% of their list price.  Compared to February 2007 when the average sales price in 20854 was $1,064,028; we've seen an increase in the average sales price which was $1,229,832 in February of 2008.  That's a 15.58% increase in the average home price in Potomac over the last year.  These are real numbers.  I realize that the media keeps touting doom and gloom, but the statistics seem to indicate that Potomac is not a declining market, as much of the country is.  For that, I'm grateful.On the downside, however, in February of 2007 4... 04/03/2008