Real Estate Market Demand in Olney MD During COVID19 Pandemic.

REAL ESTATE MARKET DURING PANDEMIC: BUYERS ARE GRATEFUL AND SELLER GOALS ARE BEING MET IN OLNEY, MD!

To those hesitant about entering the market now locally, let me explain the facts that are indicative of HIGH demand. During this pandemic, in Olney and Brookeville MD alone, as of one month ago exactly, real estate sales of Single Family Homes continue and buyers are still doing business - more virtually then ever.

Since March 11th, 21 Homes have sold and settled at an average list to sales price ratio of 100.68% Meaning full price offers on average signaling buyers are grateful to sellers who are selling! In addition, 20 home sellers (Single Family Homes) have accepted offers from buyers and are waiting to settle.

Active Supply includes 19 plus 5 coming soon. 8 properties went temporarily off market most likely waiting to go active again. Of the 19 still actives, 4 sellers have reduced price.

Whether Buying or Selling, keeping everyone safe from this virus is a priority for everyone. Tools for video chat and tours are available.

Please contact us at (301)-943-8612 OR EMAIL merrysloane@gmail.com.

Merry Sloane Has a New Listing in Olney, MD Open House on Sunday, 1/6/2018

4313 MORNINGWOOD DRIVE

OLNEY, MD  20832

 Open House on Sunday, 1/6/2018

Previous 5 Years - Barnsley Manor Estates in Olney, MD

ARE YOU SELLING YOUR HOME IN OLNEY MD? Would you like a break out of your neighborhood?  Norbeck Grove in Olney, MD also known as Barnsley Manor Estates, is a highly desirable neighborhood and once you move in, there is not a whole lot of turnover.

The builders mainly are Winchester, Craftmark, and Greentree Homes.  This chart gives a general idea what other similar sized homes have sold for in Barnsley Manor Estates (Norbeck Grove Community in Olney, MD.) over 5 years broken out by quarter.  The single family homes run from 2,000 to 2,499 sq ft, 2,500 to 2,999 square feet and 3,000 to 4,000 sq ft and all of this is not including the basement/lower level. Of course the basement square footage means something in terms of pricing a home, yet most basements are below grade and might not be weighted equally like how square footage of upper and lower levels effect sales. Condition is always and will always be a  factor in pricing yet appraisers care mostly about square footage. which is why my theory of sq footage falls in line with the price chart of the average sales over a 5 year period.

SELL & BUY A HOME WITH MERRY SLOANE OF RE/MAX REALTY CENTRE 

301-943-8612

MERRYSLOANE@GMAIL.COM

WWW.MONTCOMDHOMES.COM

Olney Real Estate Market Activity :: Olney, MD Listings, Contracts and Sales :: Homesnap

Olney Real Estate Market Activity :: Olney, MD Listings, Contracts and Sales :: Homesnap

MAP IT OUT: REAL ESTATE'S ROLLER COASTER

This interactive map shows home appreciation and depreciation by state and time. Can you time the market right by looking at past results to predict an appreciation rate over time on your home investment?.  The volatility of the market is shown in a majority of the States.  I am a Real Estate Agent in Montgomery County, MD  from 1999 to present.  I have seen Real Estate's Up's & Downs and to see it benefit greatly, then turn around and lose greatly.  Perhaps life is about balance and without it, no one would be able to afford to buy a home.  Prices would continue rising over and above what anyone could afford. We all do or should strive hard for balance ... straight lines in life may be stable but awfully boring and would never test our limits.   I am pleased to share this interactive chart so that my viewers have an opportunity to see this, comment and perhaps share their insights as well. 

Kudos & thank you  Brian Larrabee for pulling together this information, creating the map and sharing it with us all.  It is very cool.

CLICK ON LINK

Merry Holidays!

Government Shutdown? Is it Time to Make a Move?

Thought I'd share since we are full speed ahead into the 4th quarter. Dreams do come true in spite of the recent events with the gov't shutdown. Home ownership and expansion happens every day despite what you might think. Looking forward to making your dream of a new home come true too! Go to http://www.montcomdhomes.com to the buy or sell tab and take a look at what's happening and then create your own dreams.

I'm excited to continue to serve the public with the best of my ability as I've done for 14 years so that your dream of home ownership or moving somewhere else can and will happen! I am the Realtor that will always be your advocate and look forward to our working together, Merry Sloane Knows Homes! 301-943-8612  I've helped dreams come true for my clients for many years. Let me help you too! — with Merry Sloane of Re/Max Realty Center