OCTOBER 2020 REAL ESTATE MARKET REPORT
NO HOMES FOR SALE
TAKE ADVANTAGE OF A
SELLER’S MARKET!
NO HOMES AVAILABLE
Jonathan and Angela-Marie,
Now is a great time to list your home for sale! If you are planning in transitioning out of your home this year, please call me today at 301.370.6005 to get the conversation started.
8
3
HOMES SOLD (SINCE 04/01/20)
HOMES PENDING
Woodland Hills Homes Sold Since April 1st, 2020 BEDS
TOTAL BATHS
EST. SQ. FT.
SOLD PRICE
SOLD DATE
216 High Timber Court
3
2.75
1,736
$373,000
09/04/20
Sold
1927 Windjammer Way
3
2.75
1,360
$349,000
08/27/20
Sold
1319 Carlsbad Drive
3
3.50
1,584
$355,000
08/14/20
Sold
906 Wild Forest Drive
3
3.50
1,584
$356,000
06/30/20
Sold
1382 Carlsbad Drive
3
3.50
1,496
$345,000
06/29/20
Sold
1723 Logmill Lane
3
3.50
1,496
$350,000
06/26/20
Sold
302 Wye Mill Court
3
3.50
1,440
$350,000
05/06/20
Sold
1531 Tanyard Hill Road
4
3.50
1,400
$360,000
04/17/20
STATUS
ADDRESS
Sold
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 April 1st, 2020 and September 10th, 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.
REAL ESTATE RECORDS SHATTERED NOW IS THE TIME TO SELL! The U.S. Median Home Price Jumped 8.5%, Breaking $300,000 for the First Time
NEW RECORD!
NEW RECORD!
NEW RECORD!
NEW RECORD!
NEW RECORD!
Market
Buyers
8.5% Median Price
2.88% Interest Rate
Months of Inventory
$304,100, the first time breaking the $300,000 threshold.
The eighth drop in 2020 and the lowest in 5 decades.
Unsold inventory was 4.2 months in July 2019.
Increase
3.1
22 Days on
29 days in July 2019. 68% were sold in less than 30 days.
34% First-Time
First-time home buyers made up 32% a year ago.
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
“The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days. With the sizable shift in remote work, current homeowners are looking for larger homes, and this will lead to a secondary level of demand even into 2021.”
—Lawrence Yun, Chief Economist, NAR This is the perfect time to take advantage of improved market conditions and upgrade to your next dream home. Call me today to discuss the value of your home and your options at 301.370.6005.
RE/MAX Realty Group 6 Montgomery Village Ave., Suite 200 Gaithersburg, MD 20879