ANDY PAGANO
RE/MAX Success 10244 River Road Potomac, MD 20854
REALTOR® | RE/MAX Success
Direct: 240.506.6990 Office: 240.252.5833
NORBECK ESTATES
Homes@AndyPagano.com www.AndyPagano.com www.NorbeckEstatesHomes.com
www.NorbeckEstatesHomes.com
Each Office Independently Owned and Operated.
May 2019 Real Estate Market Report
YEAR-TO-DATE
NORBECK ESTATES REAL ESTATE REVIEW
4
TOTAL SALES Jonathan and Angela-Marie, This statistical analysis represents the current market trends during the first quarter in Norbeck Estates. For an in-depth analysis of your home’s value, call me today at 240.506.6990 for a complimentary evaluation.
ACT NOW - IT’S A SELLER’S MARKET
$611,950 AVERAGE SOLD PRICE LOW: $533,000 | HIGH: $739,900
98.18% AVERAGE SOLD PRICE/ LIST PRICE RATIO LOW: 94.21% | HIGH: 100.0%
33
PRESENTED BY ANDY PAGANO AVERAGE DAYS ON MARKET
LOW: 6 | HIGH: 87
Data based on listings from BrightMLS from January 1st, 2019 to April 12th, 2019. Information deemed accurate but not guaranteed.
Your Norbeck Estates Real Estate Specialist
PREPARED ESPECIALLY FOR
Jonathan and Angela-Marie Williams
ANDY PAGANO
Andy Pagano. Local Expert. Globally Connected!
REALTOR® | RE/MAX Success
Direct: 240.506.6990 Office: 240.252.5833
RE/MAX United States
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Homes@AndyPagano.com www.AndyPagano.com www.NorbeckEstatesHomes.com
Proudly Serving Montgomery County Since 2004
HOUSING MARKET IS NORMALIZING IN 2019
NORBECK ESTATES MARKET REPORT JON ATHAN A N D A N G EL A-M A R I E, If you’re curious about your home’s current value, whether for future sale, estate planning, or
Status Active Active
Address 16629 Cutlass Drive 16608 Summertree Court
Beds 4 4
Total Baths 3.50 4.00
Estimated Square Feet* 2,600 2,600
List Price $715,000 $659,000
Homes Currently Pending in Norbeck Estates There are several homes currently pending in Norbeck Estates. For more information on any listings, give me a call at 240.506.6990.
Homes Recently Sold in Norbeck Estates Status Sold Sold Sold Sold Sold
Address 4556 Minuteman Drive 16908 George Washington Drive 16509 George Washington Drive 17016 Freedom Way 4817 Cherry Valley Drive
Beds 4 4 4 5 4
Total Baths 3.50 2.20 2.50 2.20 2.50
Estimated Square Feet* 3,000 2,200 2,200 2,400 1,800
List Price $739,900 $599,900 $575,000 $559,900 $463,000
Sold Price $739,900 $599,900 $575,000 $533,000 $460,000
Sold Date 03/19/19 03/05/19 03/23/19 03/15/19 12/28/18
Andy Pagano and RE/MAX Success are not in any way affiliated with Norbeck Estates Home Owners Association, nor is this in any way an official advertisement or publication of Norbeck Estates. © 2019 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BrightMLS between December 28th, 2018 and April 19th, 2019. 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 to nearest hundred.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2019
any other reason, call me today at 240.506.6990. Let my marketing go to work for you!
Homes Currently Listed in Norbeck Estates
HISTORIC RATES
30-YEAR FIXED INTEREST RATES
Interest rates will rise as price appreciation starts to slow to more normal levels. Sales of new and existing homes will climb as more inventory comes to the market!
1970 8.86%
5.3
The real estate market is projected to have a GREAT year in 2019!
5.2 4.9 Q1
5.0
Q3
1980 12.7%
Q4
1990 8.12% 2000 6.29%
Q2
Even with rates rising, you can still secure a lower rate than your parents or grandparents did!
2019
2018 2019
in millions
6.08
According to CoreLogic’s Home Price Index
Home Prices in 2019 will appreciate by:
4.8%
6.24
HOME SALES
HOME PRICES
6.02
6.04
6.07 6.00
6.00
5.96
year-over-year
*Historic normal home price appreciation is 3.6%
Freddie Mac
Fannie Mae
MBA
NAR
JONATHAN AND ANGELA-MARIE, Call me today to find out how the specific market trends in Norbeck Estates could impact your home value! Source: Freddie Mac, Fannie Mae, MBA, CoreLogic & NAR https://www.keepingcurrentmatters.com/2018/12/28/where-is-the-housing-market-headed-in-2019-infographic/