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.
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 P OW E R . I T ’ 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 Norbeck Estates Real Estate Specialist
Johnathan and Angela-Marie, With interest rates remaining low and home prices increasing at a healthy pace, homes in Norbeck Estates 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
ANDY PAGANO
JUST SOLD!
REALTOR | RE/MAX Success ÂŽ
17024 CASHELL ROAD
Direct: 240.506.6990 Office: 240.252.5833
5 Beds | 2.1 Baths | 2,295 Est. Sq. Ft. Sold for $562,000
Homes@AndyPagano.com www.AndyPagano.com www.NorbeckEstatesHomes.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
There are No Homes Currently Listed in Norbeck Estates Homes Currently Pending in Norbeck Estates There are 5 Homes Currently Pending in Norbeck Estates. For more information on any listing, give me a call at 240.506.6990.
Homes Sold in Norbeck Estates in the Past 6 Months Beds
Total Baths
Estimated Finished Sq. Ft.*
List Price
Sold Price
Sold Date
17024 Cashell Road
5
2.1
2,300
$584,500
$562,000
06/26/20
Status
Address
Sold Sold
16705 George Washington Drive
4
2.1
3,100
$550,000
$550,000
06/15/20
Sold
17020 Freedom Way
5
2.1
2,500
$599,900
$599,900
06/12/20
Sold
4641 Cherry Valley Drive
4
3.1
2,300
$499,900
$455,000
05/11/20
Sold
17005 Freedom Way
5
2.1
2,300
$585,000
$600,000
04/30/20
Sold
17009 George Washington Drive
5
2.1
2,300
$585,000
$560,000
04/17/20
Sold
4529 Valley Forge Drive
4
2.1
2,500
$600,000
$595,000
04/16/20
Sold
4713 Rams Head Court
4
2.1
2,600
$650,000
$651,000
04/13/20
Sold
4500 Cherry Valley Drive
5
2.1
2,300
$584,999
$586,000
04/03/20
Sold
4561 Minuteman Drive
4
2.1
3,300
$699,000
$677,000
03/30/20
Sold
5224 Continental Drive
4
2.1
2,500
$567,400
$567,400
03/27/20
Sold
16512 George Washington Drive
4
2.1
2,100
$579,000
$567,500
01/31/20
Andy Pagano and RE/MAX Success are not in any way affiliated with Norbeck Estates, nor is this in any way an official advertisement or publication of Norbeck Estates. Š 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 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.