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Russ-Gelston-Milestone-July 2020

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THINKING OF SELLING BEFORE THE YEAR IS OVER?

JULY 2020 REAL ESTATE MARKET REPORT

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Receive the most accurate assessment of your home's value:

HOME FOR SALE

www.RussSellsMilestone.com

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HOMES SOLD (SINCE 04/01/20)

HOMES PENDING

Milestone Homes Sold Since April 1st, 2020 BEDS

TOTAL BATHS

12505 Hawks Nest Lane

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21331 Emerald Drive

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Sold

21524 Fox Field Circle

Sold Sold

STATUS

ADDRESS

EST. SQ. FT.

SOLD PRICE

Sold Sold

SOLD DATE

2.5

1,432

$436,000

06/12/20

2.5

2,096

$539,900

06/05/20

4

3.5

3,186

$640,000

05/29/20

12108 Stardrift Drive

4

3.5

2,468

$539,900

05/28/20

12116 Red Admiral Way

4

3.5

2,451

$581,000

05/15/20

Sold

21305 Village Green Circle

4

3.5

2,094

$540,000

05/01/20

Sold

21304 Autumn Rose Way

4

3.5

1,831

$504,900

04/08/20

Russ Gelston and RE/MAX Realty Group are not in any way affiliated with Milestone Owners Association, nor is this in any way an official advertisement or publication of Milestone. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Bright MLS between April 1st, 2020 and June 17th, 2020. Listings and sales may not be those of RE/MAX Realty Group. The Bright MLS 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.


WHAT ARE BUYER’S EXPECTATIONS IN A NEW HOME? Buyers reported that the following aspects held more importance to them in light of the virus:

43.5%

45.7%

45.7%

50.0%

[ Extra Bedrooms ]

[ Open Floor Plan ]

[ Good Lighting ]

[ Kitchen Style ]

PREPARED ESPECIALLY FOR JONATHAN AND ANGELA-MARIE WILLIAMS

Russ Gelston

REALTOR®, Associate Broker MD & VA Property Manager RE/MAX Realty Group The Wineman Team

301.370.6005

Office Phone: 301.258.7757 WinemanTeam@gmail.com www.RealEstateSold.com www.RussSellsMilestone.com Each Office Independently Owned and Operated.

This postcard is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. E&OE covered. Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

No one is denying that the spread of COVID-19 has had a profound impact on buyer confidence in the real estate market. However, a new study shows that many buyers still want to buy, with 30% reportedly looking at available listings more often than before their search was impacted. 20% of buyers reported expediting their home-buying timeline, citing low interest rates as their motivation. Buyers are putting new emphasis on searching for better common spaces.

RE/MAX Realty Group 6 Montgomery Village Ave., Suite 200 Gaithersburg, MD 20879


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