RECENT SUCCESS
SEPTEMBER 2020 REAL ESTATE MARKET REPORT
JUST SOLD FOR $355,000!
NO HOMES FOR SALE
8
3
HOMES SOLD (SINCE 01/01/20)
HOMES PENDING
Woodland Hills Homes Sold Since March 1st, 2020 BEDS
TOTAL BATHS
EST. SQ. FT.
1319 Carlsbad Drive
3
3.50
1584
$355,000
08/14/20
906 Wild Forest Drive
3
3.50
1584
$356,000
06/30/20
Sold
1382 Carlsbad Drive
3
3.50
1496
$345,000
06/29/20
Sold
1723 Logmill Lane
3
3.50
1496
$350,000
06/26/20
Sold
302 Wye Mill Court
3
3.50
1440
$350,000
05/06/20
Sold
1531 Tanyard Hill Road
4
3.50
1400
$360,000
04/17/20
1319 Carlsbad Drive
Sold
226 High Timber Court
3
2.50
1496
$356,000
03/31/20
3 Beds, 3.5 Baths | 1,584 Est. Sq. Ft.
Sold
1826 Windjammer Way
3
2.50
1400
$339,000
03/23/20
Sold
1101 Wildpark Avenue
3
2.50
1440
$345,000
03/12/20
If you would like to achieve these same exceptional results, please call Russ today at 301.370.6005.
STATUS
ADDRESS
Sold Sold
SOLD PRICE
SOLD DATE
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 March 1st, 2020 and August 14th, 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.
Inventory and Appreciation The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand. Use of Home Equity Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow. This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth. Source: www.watersongmortgage.com
COMPARING 2020 TO 2008 12.5%
11.4%
Annual Home Price Appreciation
8.5% 8.7%
8.6%
Source: Black Knight
6.5% 4.4%
5.2% 5.5%
6.4% 4.8% 4.7%
The 6 Years Leading up to The Housing Crash
The Last 6 Years
2000 2001 2002 2003 2004 2005
2014 2015 2016 2017 2018 2019
Total Home Equity Cashed Out Then...
by Refinance in Billions Source: Freddie Mac
Year
Dollars
Year
Dollars
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
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
COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market. Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at 301.370.6005.
Now...
RE/MAX Realty Group 6 Montgomery Village Ave., Suite 200 Gaithersburg, MD 20879