Reports of increasing luxury home sales

by Dan Krell © 2013
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DanKrell.com

frontLuxury real estate brokers throughout the country are signaling that there is an increased interest in luxury home sales.  An Austin TX broker, Regent Property Group, reports a 75% month over month increase.  While in Colorodo, reports that the market segment has sales increases of 19.5%. And it is no surprise, as the upscale market has reportedly rebounded quicker than other sectors.

Local upper bracket markets in Chevy Chase and Bethesda have also revealed increased home sales, as well as average home sale prices.  A survey of local agent responses to local media in the Bethesda and Chevy Chase area indicate an increased positive attitude toward luxury properties as well as increased activity.

And although there is a plethora luxury homes for sale in the Montgomery County area, home buyers are voicing that they are frustrated about either not finding what they want, or being confronted with heavy competition by other buyers.

Leading the way for luxury sales is new home builders.  New homes offer custom features that buyers are seeking.

Posted in Bethesda MD, Chevy Chase MD, home sales, luxury home sales, Luxury Homes for Sale, Luxury Real Estate, market report, Montgomery County MD, New homes, Potomac MD, real estate, trends | Tagged , , , , , , , , , , , | Leave a comment

Montgomery County MD real estate market report – May update

by Dan Krell © 2013
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DanKrell.com

Housing numbers for Montgomery County MD during May 2013 indicate that strong sales figures are meaningful – but still lag behind 2010 figures.  2013 figures may also indicate that the bottom of the market may have passed.

 Compared to:
Listing Activity
Contract Activity
Sales Activity
Avg Monthly Home Sale Price
May-10 16% 35% 2% 19%
May-11 12% 26% 20% 10%
May-12 19% 23% 5% 6%
Montgomery County MD Home Sales

Montgomery County MD Home Sales

Montgomery County MD Year to Date Home Sales

Montgomery County MD Year to Date Home Sales

 

 Compared to: Listing Activity Contract Activity Sales Activity
YTD 2010 -15% 7% -2%
YTD 2011 0% 19% 10%
YTD 2012 6% 13% 7%

 

Montgomery County MD Average Home Sale Price

Montgomery County MD Average Home Sale Price

Montgomery County MD Housing Absorption Rate

Montgomery County MD Housing Absorption Rate

May Absorption Rate Year to Date Absorption Rate
2010 77% 51%
2011 61% 54%
2012 78% 59%
2013 67% 60%
Posted in average home prices, Average Home Sale Prices, home prices, home sale statistics, home sales, housing market, luxury home sales, Luxury Real Estate, market report, market snapshot, Montgomery County MD, real estate | Tagged , , , , , , , , , , | Leave a comment

Real estate market report – Chevy Chase MD

by Dan Krell © 2013
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DanKrell.com

Chevy Chase average home sale price during April increased over previous years.  April’s sales activity seems to be slowing, however year to date activity is still strong.

Compared to
Listing activity
Contract activity
Sales activity
Average Monthly Home Sales Price
Apr 2010
-22%
6%
17%
28%
Apr 2011
3%
39%
-10%
22%
Apr 2012
22%
0%
3%
7%
Chevy Chase MD Home Sales

Chevy Chase MD Home Sales

Chevy Chase MD Year to Date Home Sales

Chevy Chase MD Year to Date Home Sales

Compared to
YTD Listing Activity
YTD Contract Activity
YTD Sales Activity
YTD 2010
-11%
23%
28%
YTD 2011
4%
28%
12%
YTD 2012
6%
6%
17%
Chevy Chase MD Average Home Sale Price

Chevy Chase MD Average Home Sale Price

Chevy Chase MD Home Sale Absorption Rate

Chevy Chase MD Home Sale Absorption Rate

April Absorption
Year to Date Absorption
2010
26%
32%
2011
52%
45%
2012
64%
43%
2013
45%
49%
Posted in 20815, average home prices, Average Home Sale Prices, Chevy Chase MD, home prices, home sale statistics, home sales, housing market, luxury home sales, Luxury Real Estate, market report, market snapshot, Montgomery County MD, real estate | Tagged , , , , , , , , , , , , , , | Comments Off

Real estate market report – Bethesda MD

by Dan Krell © 2013
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DanKrell.com

Bethesda home sales activity remains brisk during April 2013, despite slight decrease in year over year average home sales price.

Compared to
Listing Activity
Contract Activity
Home Sales Activity
Average Monthly Home Sales Price
Apr 2010
-16%
-6%
5%
7%
Apr 2011
-12%
23%
22%
-10%
Apr 2012
12%
16%
16%
-1%
Bethesda MD Year to Date Home Sales

Bethesda MD Year to Date Home Sales

Bethesda Home Sales
Bethesda Home Sales
Compared to
YTD Listing Activity
YTD Contract Activity
YTD Sales Activity
YTD 2010
-15%
7%
5%
YTD 2011
-9%
19%
9%
YTD 2012
-3%
9%
8%

 

Bethesda MD Average Home Sale Price

Bethesda MD Average Home Sale Price

Bethesda MD Absorption Rate

Bethesda MD Absorption Rate

April Absorption
Year to Date Absorption
2010
46%
44%
2011
42%
45%
2012
58%
49%
2013
57%
54%

Sales data is inclusive of homes listed in MRIS. Home sales data compiled from local MLS, MRIS.com; Property information posted on this site is believed to be accurate, but should not be relied upon without verification.

Posted in 20814, 20815, 20816, 20817, average home prices, Average Home Sale Prices, Bethesda MD, home prices, home sale statistics, home sales, housing market, luxury home sales, Luxury Real Estate, market report, market snapshot, Montgomery County MD | Tagged , , , , , , , , , , , , , , , | Comments Off