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9/13/13
OPEN 9/22 1-4!! Well maintained 2BR condo with balcony & 24-hr desk, just steps from Metro & all Bethesda offers!
August Housing Statistics for Montgomery County & DC
Low Inventory Still the Story for DC Condos and Single-Family Homes
Contract and Settlement Activity Remains Brisk for Both Jurisdictions
Inventory remained tight in the District for condos and single-family homes during the month of August. Condo inventory rose slightly in Montgomery County, but there was less available single-family inventory than the same time last year. Both jurisdictions continue to see strong contract and settlement activity.
The average number of days on market was down 30% compared to August 2012. The median price for condos was up 6.5%, and single-family homes saw an 14.3% increase. Available inventory continued to decline in August, with 20.8% fewer condo listings and 5.4% fewer single-family listings. Condo contracts rose 7%, and condo settlement activity was robust with a 43.6% increase over 2012. Single-family contracts increased 12.5%, with single-family settlements showing a 5.7% increase over August 2012.
The average number of days on market was down 28% from August 2012. Median condo prices saw a 7.3% increase, with the price of single-family homes increasing by 8.1%. The amount of available inventory for single-family homes was 5.4% lower than last year, but condo inventory increased 1.6% compared to August 2012. New condo contracts saw a 11.4% in August, and new single-family contracts rose by 10.8%. Settlements were again on the rise in August, with a 13.9% gain for condos, and a 19.7% increase for single-family homes.
Washington, DC
The average number of days on market was down 30% compared to August 2012. The median price for condos was up 6.5%, and single-family homes saw an 14.3% increase. Available inventory continued to decline in August, with 20.8% fewer condo listings and 5.4% fewer single-family listings. Condo contracts rose 7%, and condo settlement activity was robust with a 43.6% increase over 2012. Single-family contracts increased 12.5%, with single-family settlements showing a 5.7% increase over August 2012.
Montgomery County
The average number of days on market was down 28% from August 2012. Median condo prices saw a 7.3% increase, with the price of single-family homes increasing by 8.1%. The amount of available inventory for single-family homes was 5.4% lower than last year, but condo inventory increased 1.6% compared to August 2012. New condo contracts saw a 11.4% in August, and new single-family contracts rose by 10.8%. Settlements were again on the rise in August, with a 13.9% gain for condos, and a 19.7% increase for single-family homes.
Looking for a Realtor who is always up to date on the current market conditions? As top 3% in the nation, I offer my clients valuable information on all real estate matters. I am licensed in Washington, D.C., Maryland, and Virginia. And I specialize in Bethesda and Chevy Chase, as well as the subdivisions of Rosemary Hills, Rock Creek Forest, East Bethesda and Whitehall Condominium. Contact me today!
9/10/13
PR/Marketing Internship Opportunity
Mynor and Associates, a small, but top producing real estate team, is looking for a creative, business-minded individual to fill its PR/Marketing position! This is currently an internship that could grow into a paid position.
POSITION SUMMARY
Client Communications
Candidate must be personable, detail-oriented, self-motivated and possess excellent written and verbal communication skills.
Key Responsibilities
- Developing and implementing marketing plans.
- Reaching out to former and current clients.
- Assist in establishment of long-term relationship with clients.
- New business development.
- Organize client-oriented events.
- Individual and mass communication efforts.
- Preparing and/or coordinating the production of collateral marketing materials.
- Identifying sponsorship, speaking, award and PR opportunities.
- Monitoring the effectiveness of marketing initiatives.
Candidate must have a knack for writing, breaking information down to the consumer level and the ability to sustain and develop the company's voice across all blog content.
Key Responsibilities
- Writing & curating various types of articles on a wide range of topics for our blog.
- Optimizing content for search engines and lead generation.
- Conducting analytical projects to improve blog strategies/tactics.
- Growing blog subscribers and expanding the overall blog's reach.
Candidate will manage, leverage, and grow our online social media accounts by creating and implementing strategies and tactics that improve our social media presence.
Key Responsibilities
- Managing all social media platforms for the business.
- Creating and evaluating social media strategies.
- Monitoring, responding to, and communicating with our online community.
- Developing new methods to engage customers on social platforms.
- Growing the company's social media reach.
Candidate will be expected to develop and track email campaigns to ultimately increase our business' email marketing success.
Key Responsibilities
- Managing email campaigns from start to finish, including creation of pieces, planning, testing, evaluating, and reporting.
- Developing and optimizing lead nurturing campaigns.
- Segmenting contact lists and personalizing emails.
- Keeping up to date with practices and standards in the email marketing industry.
- Candidate must own a laptop.
- Candidate is expected to be at the office least two days per week. Flexible schedule between 10-20 hours per week.
- Opportunity to build your portfolio and strengthen your résumé with experience at a top producing real estate team.
- Get real world office experience where you will have an active role of creating and implementing your ideas.
- Opportunity to establish business relationships.
If you think you have what it takes to thrive in this position, we would love to know more about you! Please contact Brenda Pomar at 240-383-1350 ext 685 or info@mynorandassociates.com.
9/6/13
NEW LISTING: Well-maintained 3BR/2BA home in sought after Bethesda-Chevy Chase School Cluster!
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8/8/13
July Housing Statistics for Montgomery County & DC
DC Metro Housing Market Continues Its Comeback
Settlements Remain Strong in the District of Columbia
Despite the rise in interest rates, the amount of available inventory in the District and Montgomery County continued to shrink in July. Housing continued to make a comeback in both jurisdictions with settlements for both condos and single-family homes up significantly over July 2012.
Washington, DC
The average number of days on market was down 33% from July 2012. The median price for condos was up 6.1%, and single-family homes saw an 14.3% increase. Available inventory continued to decline compared to July 2012, with 25.1% fewer condo listings and 7.5% fewer single-family listings. Condo contracts saw a sizeable increase, 24.2%, and condo settlement activity remained strong as well with a 20.8% increase over 2012. Single-family contracts in the District saw a modest increase, 4.5%, but single-family settlements fared much better with a 21.7% increase over July 2012.
Montgomery County
The average number of days on market was down 39% over July 2012. The median condo price saw an increase of 5.7%, with the price of single-family homes increasing by 8.1%. The amount of available inventory decreased slightly for both single-family homes and condos, 5.6% and 3.2% respectively compared to July 2012. New condo contracts increased by 26.9% in July, and new single-family contracts rose by 15.9%. Settlements were again on the rise in July, with a 31.1% gain for condos, and a 32.2% increase for single-family homes.
Looking for a Realtor who is always up to date on the current market conditions? As top 3% in the nation, I offer my clients valuable information on all real estate matters. I am licensed in Washington, D.C., Maryland, and Virginia. And I specialize in Bethesda and Chevy Chase, as well as the subdivisions of Rosemary Hills, Rock Creek Forest, East Bethesda and Whitehall Condominium. Contact me today!
8/6/13
A Real Estate Investor’s Guide to Buying a Home
Most people only buy a couple homes in
their lifetime. This lack of experience leads many home buyers to feel woefully
unprepared — increasing their stress level which affects their decision-making
at the worst possible time. The process doesn’t have to be so complicated
if you keep things in perspective. Here are five helpful tips to keep in mind
when buying a home.
One: determine your needs for the next
five years. Affordability is number one. Make sure you consider all the costs
(like maintenance). Also, family size, life style, and profession and important
factors.
Two: get the facts. Try to determine what
the home is worth based on comparable sales. Be very careful trying to project
future value. In addition, if the home needs repairs, be very realistic when
you estimate costs. Every problem is fixable as long as the home price is
low enough.
Three: Don’t fall completely in love with
the house. Real estate agents know that buyers rely on emotions, that’s why
real estate agents put a lot of emphasis on the staging. Instead, buyers should
be aware of the things behind the staging, like the price of improving home insulation.
Four: Get professional help. The key is
to trust but verify. Not all real estate agents are created equal so
interview several and ask for references. Educate yourself as much as
possible so that you can better utilize your agent. Real estate agents
have many tools to help determine value.
Five: Don’t be afraid to pull the trigger
or walk away. If you love a house, the price is fair and affordable then don’t
be afraid to seal the deal. On the other hand, if the home price is above
market value or not appropriately discounted for the amount of work it needs,
then remind yourself that there are plenty of other houses to choose from.
For more information on
this article, go to: http://www.washingtonpost.com/blogs/where-we-live/post/a-real-estate-investors-guide-to-buying-a-home/2012/08/21/b3db4936-ebcc-11e1-aca7-272630dfd152_blog.html
Interested in investing in a home? Call Mynor Herrera for more information.
Interested in investing in a home? Call Mynor Herrera for more information.
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