March 2017                       

                  

Happy Spring! We are now in my busiest time of the year! Buyer activity is very strong at all of my listings and I am averaging about 25 groups through open houses. This is a very high number and is indicative of the lack of choice buyers have. With very little for sale, there is intense activity on any new listings which come on the market. This does not mean you should list without having your house ready or that you can overprice your home, but if you list a home in good condition at the appropriate price you will have many interested buyers looking at the house. As we head deeper into the Spring the inventory is sure to increase as it does every year, so perhaps the frenzy will slow. If you are planning to sell, the sooner the better.
As you can see in one of the articles in the right hand column, the Fed did raise interest rates as expected but since the mortgage market anticipated this change there was no immediate impact on mortgage rates. There is also an article detailing the impact the low inventory of homes for sale had on the total number of homes sold in February. If you are planning to sell in the next few months I suggest you get your house ready and put it on the market while there is still very low inventory.
I am happy to meet with you now to discuss the current market value of your home, improvements you may want to consider making to your home and current market conditions.

Please visit my website at www.kathywhalen.com . It is easy to search the Multiple Listing Service for homes with upgraded map searches. there is more information on Schools, more Community information, easy access to information on upcoming open houses in Montgomery County and DC as well as links to pictures and disclosures for my listings. I also have a mobile website: m.kathywhalen.com which allows you to search for homes based on where you are located using the GPS feature. Please scan the QR code at the bottom of this article to take a test drive.

Also, be sure to see my listngs below, read the real estate articles in the column to the right and visit my website where you can click to see current interest rates and a link to all homes currently listed for sale.
As always, if you have any real estate questions or needs I am available to help. 

Thanks,
Kathy Whalen   .


My Listings.......

 

Woodridge 3507 

NEW LISTING!

$395,000

10605 Bucknell Drive

Silver Spring, MD 20902

Please Click on Picture Above to see Additional pictures

Charming Home with Spacious Rooms, Family Room Addition, Table Space Kitchen, Master Bedroom with Full Bath, New Furnace & Central Air & the List Goes on! Super Location on Quiet Street Near Metro. Hurry! Estimated property tax and non-tax charges in first fiscal year of ownership is $4,111.94

Woodridge 3507 

NEW LISTING!

$349,900

1517 Ingram Terrace

Silver Spring, MD 20906

Please Click on Picture Above to see Additional pictures

Pristine Townhouse in Popular Tivoli! Gorgeous Hardwood Flooring, Family Room off the Kitchen, Private Landscaped Yard with Slate Patio, 3 Finished Levels and Wonderful Location Near Metro! Estimated property tax and non-tax charges in first fiscal year of ownership is $3,652.59

Woodridge 3507 
UNDER CONTRACT
$465,000
1905 Dayton Street
Silver Spring, MD 20902
Click on picture above to see additional photos
Beautifully Updated Home with 4 Bedrooms, 3 Full Baths, Updated Kitchen with Stainless Appliances, Master Bedroom with Full Bath, Daylight Lower Level with In Law Suite and Wonderful Location Near Metro! Estimated property tax and non-tax charges in first fiscal year of ownership is $4,589.27

Woodridge 3507 
UNDER CONTRACT
$385,000
1702 Windham Lane
Silver Spring, MD 20902
Click on Picture above to see virtual tour
Hurry! Unbelievable Price for Charming Rambler with 3 Bedrooms, 2 Full Baths, Living Room with Fireplace, Updated Kitchen, Front Porch & Deck!
Estimated property tax and non-tax charges in first fiscal year of ownership is $4,293.66

 

Woodridge 3507 

SOLD
$425,000
1011 Forest Glen Road
Silver Spring, MD 20901
Please Click on Picture Above to see Additional Pictures
Completely Remodeled Split Level with Four Bedrooms plus Office, Three Remodeled Full Baths, Brand New Kitchen with Granite & Stainless, Separate Dining Room, Living Room with Fireplace, Large Rooms and Incredible Price. New Lighting & Paint Throughout! Hurry!
Estimated property tax and non-tax charges in first fiscal year of ownership is $4,514.12
Woodridge 3507 

SOLD

$449,900

10710 Jamaica Drive

Silver Spring, MD 20902

Please click on picture above to see more photos.

Updated & Expanded Rambler Home in Popular Northbrook Estates Neighborhood! This Spacious and Updated Home is the Home You Have Been Waiting For! With Off Street Parking, Brand New Roof, New Front Walkway, Refinished Hardwood Flooring, Fresh Paint, Updated Kitchen with Granite Counters, Family Room Addition and Wonderful Location Near Metro, this is the Perfect Home!

Estimated property tax and non-tax charges in first fiscal year of ownership is $4,572.02

Woodridge 3507 

SOLD

$425,000

3518 Anderson Road

Kensington, MD 20895

Click on picture above to see additional photos

Sought After Kensington Neighborhood! Gourmet Kitchen with Quartz Counters, Stainless Appliances, Ceramic Tile Flooring & Glass Tile Backsplash! Gorgeous Bath Renovation with Double Vanity! Amazing Family Room with Built In Murphy Bed! Hurry!

Estimated property tax and non-tax charges in first fiscal year of ownership is $4,183.28
Woodridge 3507 

SOLD

$625,000

1800 Sherwood Road

Silver Spring, MD 20902

Click on Picture Above to See Additional Photos

Don't miss this expanded and Updated Cape in Sought After Neighborhood just Blocks from Metro! Combing Old World Charm with Modern Updates this 4 Bedroom, 4 Bath Home with Gorgeous Yard is an Exceptional Find! Hurry!

Estimated property tax and non-tax charges in first fiscal year of ownership is $4,891.77
Woodridge 3507 
SOLD
$420,000
1525 Gridley Lane
Silver Spring, MD 20902
Click on picture above to see additional photos
Updated & Expanded Cape with Kitchen Addition, Open Floor Plan, 4 Bedrooms, 3 Full Baths, Family Room with New Carpet, Fresh Paint & More in Convenient Location near Metro!
Estimated property tax and non-tax charges in first fiscal year of ownership is $4,128.03
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Kathy Whalen,  Realtor
Long & Foster Real Estate, Inc.

 

Direct:  301-649-5743
Office: 240-497-1700

 

Montgomery County Schools Calendar

 

Source: Montgomery County Schools Website, montgomeryschoolsmd.org

 

 

Click on image above to see the 2016 - 2017 Calendar

 

 

Existing-Home Sales Sputter in February
Low Inventory Keeps a Lid on Activity
Source - RIS Media, Wednesday March 22, 2017

Existing-home sales sputtered in February as lower-than-low inventory kept a lid on activity, the National Association of REALTORSĀ® (NAR) reports. Existing-home sales totaled 5.48 million, a 3.7 percent slip from a decade-high in January and a 5.4 percent hike from one year prior.


Click on Picture Above to Read More


         

Fed hikes rates, as expected; mortgage rate movement not anticipated

The Federal Reserve voted to raise rates by 0.25 percent on Wednesday

Source - Inman News, by Amber Taufen, March 15, 2017

     
"The Fed will raise the overnight cost of money on Wednesday, from a band 0.50 percent-0.75 percent to 0.75 percent-1.00 percent," predicted Inman writer Lou Barnes on Friday. That's a 0.25-percent hike.
Sure enough, at its meeting today, the Federal Reserve governors voted to raise interest rates by 0.25 percent, to 0.75 percent to 1.00 percent.
     

Click on Picture Above to Read Entire Article


         

Maryland's Foreclosure Mediation Program

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Downtown Silver Spring
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Thank you for taking the time to read my Monthly Real Estate Newsletter! I hope you found it both interesting & informative. I would love to help you with your real estate needs! Please call or email me & I would be happy to set up a time to meet with you to discuss buying or selling your home.
Sincerely,

Kathy Whalen 
 
Kathy Whalen 
Long & Foster Real Estate
7700 Old Georgetown Road
Bethesda, MD 20814