Andy Pagano-Clopper's Mill West-August 2020

ANDY PAGANO

RE/MAX Success 10244 River Road Potomac, MD 20854

REALTOR® | RE/MAX Success

Direct: 240.506.6990 Office: 240.252.5833

CLOPPER’S MILL WEST

Homes@AndyPagano.com www.AndyPagano.com www.CloppersMillWestHomes.com

www.CloppersMillWestHomes.com

Each Office Independently Owned and Operated.

August 2020 Real Estate Market Report Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

YO U H O L D T H E POWER. IT’S A SELLER’S MARKET!

THE MARKET IS HOT! NOW IS THE TIME TO ACT! HIGH BUYER DEMAND

HISTORICALLY LOW INTEREST RATES

LOW HOUSING INVENTORY

PRESENTED BY ANDY PAGANO Your Clopper’s Mill West Real Estate Specialist

Johnathan and Angela-Marie, With interest rates remaining low and home prices increasing at a healthy pace, homes in Clopper’s Mill West are in high demand. If you are planning on selling, contact Andy today at 240.506.6990 to create a safe and effective plan that works for you and your family.

PREPARED ESPECIALLY FOR

Johnathan and Angela-Marie Williams

JUST SOLD OVER ASKING!

ANDY PAGANO REALTOR® | RE/MAX Success

18456 CROWNSGATE CIRCLE

Direct: 240.506.6990 Office: 240.252.5833

4 Beds | 2.2 Baths | 4,424 Est. Sq. Ft. Sold in ONLY 6 Days for $650,000

Homes@AndyPagano.com www.AndyPagano.com www.CloppersMillWestHomes.com

Would you like to achieve the same exceptional results for your home? Call Andy today at 240.506.6990 to get the conversation started!

Proudly Serving Montgomery County Since 2004 Homes Currently Listed in Clopper’s Mill West Status

Address

Active

17720 Cricket Hill Drive

Property Type

Beds

Total Baths

Estimated Finished Sq. Ft.*

Detached

4

3.1

3,500

List Price $685,000

Homes Currently Pending in Clopper’s Mill West There are 4 Homes Currently Pending in Clopper’s Mill West.

For more information on any listing, give me a call at 240.506.6990.

Homes Sold in Clopper’s Mill West in the Past 6 Months Status Address

Property Type

Beds

Total Baths

Estimated Finished Sq. Ft.*

List Price

Sold Price

Sold Date

Sold

13407 Smokewood Terrace

Townhouse

4

3.1

1,700

$399,000

$405,000

07/17/20

Sold

13618 Ansel Terrace

Townhouse

4

3.1

1,800

$420,000

$420,000

07/17/20

Sold

13524 Sanderling Place

Sold

13506 Ansel Terrace

Sold

Detached

4

3.1

3,100

$695,000

$715,000

07/17/20

Townhouse

3

3.1

1,700

$415,000

$410,000

07/08/20

13530 Sanderling Place

Detached

5

3.1

2,900

$714,000

$700,000

06/23/20

Sold

13315 Queenstown Lane

Detached

4

2.1

2,500

$565,000

$561,500

05/18/20

Sold

17900 Red Rocks Drive

Detached

4

2.2

2,600

$589,500

$590,000

05/15/20

Sold

18022 Red Rocks Drive

Detached

4

3.1

2,000

$572,000

$572,000

05/01/20

Sold

17804 Cricket Hill Drive

Detached

5

4.1

3,700

$734,900

$724,000

04/23/20

Sold

17716 Cricket Hill Drive

Sold

13432 Ansel Terrace

Sold Sold

Detached

4

3.1

2,800

$668,000

$668,000

04/14/20

Townhouse

3

2.1

1,700

$430,000

$430,000

04/10/20

17703 Cricket Hill Drive

Detached

5

3.1

2,900

$660,000

$660,000

03/31/20

18031 Red Rocks Drive

Detached

4

3.1

2,500

$590,000

$590,000

03/12/20

Andy Pagano and RE/MAX Success are not in any way affiliated with Clopper’s Mill Home Owners Association, nor is this in any way an official advertisement or publication of Clopper’s Mill. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BrightMLS between January 1st, 2020 and July 27th, 2020. Listings and sales may not be those of RE/MAX Success. The BrightMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated Square Feet rounded down to nearest hundred.

ASK ME ABOUT MY BUY/SELL PROGRAM!

RECENT SUCCESS!

THE SUMMER RECOVERY MARKET IS HERE!

Real estate activity is inching closer to January trends, nearly half way through the path to a full recovery. As the market heads into the summer, two of the four recovery index components remain above their January baseline.

Housing Demand remained visibly above recovery. Homebuyer interest recovered quickly and remains high as low mortgage rates, virtual tools, and lockdown lifts have enabled buyers to continue the search.

Home Price moved further past the recovery threshold. Prices have regained momentum as the mix of inventory shifts back toward higher priced homes and demand for entry-level properties surges.

Housing Supply continues to follow a path to recovery. While lockdown measures subside and foot traffic resumes, we have yet to see normal levels of listings enter the market. Inventory is critically low!

Pace of Sales has started to stabilize.

As more buyers and sellers reunite, days on market may decrease. Buyers eager to capitalize on historically low interest rates are looking to take advantage of unique market conditions.

Make 2020 Your Best Year!

JOHNATHAN AND ANGELA-MARIE, Position your home above the rest. Call me today at 240.506.6990 for more details and find out how my exceptional listing service, marketing savvy, and negotiation expertise can work for you!

Johnathan and Angela-Marie, Selling your property during the upcoming months could realize a great return on your investment. Contact me today at 240.506.6990 for a no-obligation market analysis of your home.