WHEN LIFE CHANGES, SO DO YOUR NEEDS. Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status of your local market, contact Russ today at 301.370.6005 to create a safe and effective plan that works for you and your family.
JUNE 2020 REAL ESTATE MARKET REPORT
NO HOMES FOR SALE
7
1
HOMES SOLD (SINCE 01/01/20)
HOME PENDING
Woodland Hills Homes Sold Since January 1st, 2020 BEDS
TOTAL BATHS
302 Wye Mill Court
3
3.5
1531 Tanyard Hill Road
4
3.5
Sold
226 High Timber Court
3
2.5
1,496
Sold
1826 Windjammer Way
3
2.5
Sold
1101 Wildpark Avenue
3
2.5
Sold
937 Wild Forest Drive
3
Sold
1528 Tanyard Hill Road
3
STATUS
ADDRESS
Sold Sold
EST. SQ. FT.
SOLD PRICE
SOLD DATE
1,440
$350,000
05/06/20
1,400
$360,000
04/17/20
$356,000
03/31/20
1,400
$339,000
03/23/20
1,440
$345,000
03/12/20
2.75
1,496
$365,000
01/24/20
2.5
1,496
$340,000
01/03/20
Russ Gelston and RE/MAX Realty Group are not in any way affiliated with Woodland Hills Owners Association, nor is this in any way an official advertisement or publication of Woodland Hills. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Bright MLS between January 1st, 2020 and May 15th, 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.
THE SELLING FRENZY IS COMING NOW IS THE TIME TO GET YOUR HOME READY TO SELL!
MARKET FACTORS
RESILIENCE
ALWAYS ESSENTIAL
Prior to COVID-19, the housing market showed signs of a hot spring season. The pre-pandemic market strength gives many experts hope that losses are temporary.
During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself.
What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live.
The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying at the first signs of normality. This will only delay spring purchasing, setting the stage for a frenzy by July.
While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980. Traditionally, the housing market actually aids the economy in recovering from recessions.
After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.
PREPARED ESPECIALLY FOR JONATHAN AND ANGELA-MARIE WILLIAMS
Russ Gelston RESIDENT 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.RussSellsWoodlandHills.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
Timing is critical to take advantage of the coming market. Waiting until summer will be too late - it’s important to stand out. Call me to help get your home ready; it’s what I do best! 301.370.6005.
RE/MAX Realty Group 6 Montgomery Village Ave., Suite 200 Gaithersburg, MD 20879