kemp mill area real estate report prsrt std the barbara ... mill.pdf · long & foster real...

Our Negotiating SkillsOur sales success relies on many skills and tools but, one skill that remains important no matter what technologies come along, is the ability to deal with people. My Team has patience and social skills to help people make deals. When other agents often give up, we double-down and work to achieve the desired result that our clients and customers want!

Help You Get Ready For Sale We specialize in helping you make decisions and getting the right experts to solve all your selling/moving problems. We will discuss how to prepare your home for sale with needed home repairs, possible renovations, yard work, and, ‘declutter’. We will share our contacts of varied real estate/home-care professionals who serve you knowing, that we are very watchful how they treat our referrals.

See testimonials in next column from former clients attesting to these claims!

My Team’s 2019 ProductionIn 2019, we helped settle over 85 sellers, buyers and renters amounting to $31 Million in Closed Sales. My Team continues to produce in all markets and right now sales are still very active as buyers enjoy historically low interest rates on mortgages. In fact, there are lots of buyers and very little inventory. It is a great time sell!

Recent TestimonialsBarbara is absolutely the best. She is extremely well-versed in local real estate, is always on top of things and responds quickly to queries. She is completely straightforward and so easy to work with. She knows good people to help you with repairs .

Barbara Ciment’s Team was absolutely fabulous – They are competent, prompt and efficient. Barbara is a straight shooter, no hard sell, just the facts. She is the most helpful person I have EVER met. ~Len & Jamie Lenoci

All references in the dashboards below are to DEC in each year. MoCo Inventory of Active Listings in DEC ’19 was down -13.6% compared to DEC ’18. Average Close Prices were up 4.0% in DEC ’19 vs. DEC ’18. Despite low inventory, MoCo Sold Volume was up a whopping 18.3%, in DEC ‘19 compared to last year DEC’18. Days on Market (DOM) of Sold Listings was down substantially, from an average of 55 days in DEC ’18 to 39 days in DEC ‘19, a a 29.1% drop. The DOM trend confirms the faster pace of sales in 2019 for well-priced homes.

Montgomery County (MoCo) JAN, 2020 Sales Report: Low Inventory - Quicker & Higher Sales Prices

The Barbara Ciment Teamof Long and Foster Real Estate

For Help Selling Your HomeCall for My Free Market Analysis

301-346-9126

[email protected] www.ciment.com

$500 Million in Career SalesHelped Over 500 Buyers/Renters

#1 Office Producer 25 Years in a Row Over 1,000 Closed Sales Transactions

Emily Lurie Judi Shields Brooke CharnerBarbara Ciment

Associate Broker, Realtor®Long & Foster Real Estate, Inc 795 Rockville PikeRockville, MD 20852(O) 301-424-0900

PRSRT STDUS POSTAGE

PAIDSUBURBAN MD

PERMIT NO 2803

Fig. 1 Listings inventory was down -13.6% in DEC ’19 compared to DEC ’18

Call Today forMy Free Market Analysis!

301-346-9126

Fig. 3 Sold Volume rocketed 18.3% in DEC ’19 compared to DEC ’18

Fig. 2 Prices were up 4.0% in DEC ’19 compared to DEC ’18 Fig. 4 DOM fell dramatically from 55 DOM in DEC ’18 to 39 DOM in DEC ’19

Figures 1-4: Montgomery County Residential Sales: Data Source for all our reports: Bright MLS - subject to change.

Comparing Sales: DEC ‘19 to DEC ‘18 Prices DOM # Active # Sold

Year-in-Review: See Comparison Chart Other SideWhen we look at averages over MoCo cities and major subdivisions for Year 2019 versus 2018, it is amazing how small are the differences. Total sales and prices vary by a little over +2%. Looking back helps understand the market going forward. However, some areas are literally oversold, in that there are hardly any listings available. So, it is really important to drill down to neighborhoods and subdivisions, which requires that we sit down and discuss personally. Call for My Free Market Analysis.

1,400

1,600

1,800

2,000

2,200

2,400

2,600Inventory Active Listings

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2018 2019

303540455055606570

Days on the Market (DOM) Sold Listings


$490,000

$510,000

$530,000

$550,000

$570,000

$590,000Average Close Price


500

700

900

1,100

1,300

1,500 Volume Sold Listings


Kemp Mill Area Real Estate Report

Call Today for My Personalized Free Comparative Market Analysis (CMA) (C) 301-346-9126 [email protected]

Montgomery County Sales Comparison Chart: Full Year2019 2018

#UNITS

AVERAGENET PRICE DOM $ %

CHANGE# %

CHANGE#

UNITSAVERAGENET PRICE DOM

SUBDIVISIONSArcola 12 $465,730 92 13.54% -14.29% 14 $410,203 35Aspen Hill 38 $419,732 17 1.62% -26.92% 52 $413,052 22Burnt Mills 25 $476,903 25 12.67% 13.64% 22 $423,258 27Conn Ave 97 $355,008 17 1.94% 25.97% 77 $348,255 21Dumont Oaks 19 $406,069 22 10.11% -38.71% 31 $368,798 29Forest Knolls 19 $423,467 26 2.96% 58.33% 12 $411,292 16Indian Spring 42 $550,400 26 6.64% -6.67% 45 $516,122 21Kemp Mill 57 $490,248 31 1.04% 23.91% 46 $485,192 34Northwood 35 $445,551 25 -3.18% -7.89% 38 $460,175 30Poplar Run 38 $632,511 47 3.57% 15.15% 33 $610,731 43Sherwood Forest 30 $513,177 18 4.39% 57.89% 19 $491,592 16Sligo 54 $457,362 28 2.04% -16.92% 65 $448,221 21Springbrook Forest 2 $667,950 87 -25.37% -33.33% 3 $895,000 31Tivoli 17 $427,400 30 3.62% -29.17% 24 $412,479 15University Towers 21 $128,671 20 2.38% -12.50% 24 $125,684 18Wheaton Forest Area 42 $439,233 30 3.85% 7.69% 39 $422,951 37Wheaton Hills Area 51 $398,982 24 1.09% 37.84% 37 $394,687 39Woodmoor 45 $550,656 19 1.39% -16.67% 54 $543,095 22Woodside 93 $672,007 23 0.95% 13.41% 82 $665,715 37

COMBINED AREASForest Glen Metro Area 56 $495,192 21 2.38% 16.67% 48 $483,657 25Wheaton Metro Area 147 $421,288 32 2.07% -1.34% 149 $412,724 35Wheaton Regional Park 104 $541,426 29 6.50% 0.97% 103 $508,392 29

CITIESBethesda 1,257 $983,076 43 2.94% 5.54% 1,191 $955,020 43Chevy Chase 467 $1.097M 41 -0.42% 14.74% 407 $1.102M 50Gaithersburg 1,627 $399,686 32 -1.17% -4.24% 1,699 $404,438 34Germantown 1,190 $342,758 29 6.44% 0.59% 1,183 $322,035 29Kensington 316 $678,237 32 1.52% 14.91% 275 $668,094 34Olney 344 $484,200 21 2.53% -0.29% 345 $472,250 27Potomac 588 $1.052M 45 -0.74% 2.44% 574 $1.060M 49Rockville 1,710 $501,691 33 -2.06% 6.08% 1,612 $512,233 31Silver Spring 2,985 $409,812 29 3.52% 1.77% 2,933 $395,862 32Takoma Park 220 $501,496 30 3.79% 11.68% 197 $483,195 36

ZIP CODES20901 385 $467,975 24 2.21% -10.47% 430 $457,878 2520902 504 $402,180 27 2.07% 2.23% 493 $394,007 2920904 415 $407,782 31 4.20% 3.75% 400 $391,353 3420905 198 $503,374 26 -1.22% -6.16% 211 $509,608 3820906 998 $328,846 31 8.80% 4.18% 958 $302,259 3520910 400 $524,365 31 1.81% 13.31% 353 $515,064 31

COUNTY TOTALSMontgomery County 12,719 $551,181 34 2.58% 2.24% 12,440 $537,317 35

AVERAGE NET PRICE: Average (Close Prices - Seller Subsidies). Blank space indicates no sales.

Recent Sales in Greater Kemp Mill

ADDRESS SALE PRICE SELLERSUBSIDY

CLOSEDATE STYLE BR BA/

HBA DOM SUBDIVISION

11611 Kemp Mill Rd $602,000 10/31/2019 Colonial 5 3/1 16 Kemp Mill Estates11420 Fairoak Dr $600,000 12/26/2019 Bedford Colonial 5 3/1 15 Kemp Mill Estates11724 Stonington Pl $597,000 $6,500 12/18/2019 Bedford Colonial 4 3/1 263 Kemp Mill Estates11520 Daffodil Ln $565,000 11/15/2019 Colonial 5 3/1 56 Kemp Mill12112 Somersworth Dr $562,000 12/9/2019 Colonial 4 3/1 51 Kemp Mill Forest

204 Hermleigh Rd $549,000 11/7/2019 Split Level 5 3 0 Kemp Mill Estates611 Northwood Ter $475,000 11/21/2019 Split Foyer 5 3 14 Kemp Mill Hills701 Belgrade Rd $449,900 $5,000 11/21/2019 Split Foyer 3 2/1 19 Kemp Mill Estates610 Lamberton Dr $445,000 10/23/2019 Split Foyer 3 2 40 Kemp Mill Estates

11402 Charlton Dr $440,000 $5,000 11/13/2019 Bedford Colonial 5 3/1 4 Kemp Mill Estates11506 Lamberton Ct $435,000 $10,000 12/31/2019 Split Level 4 2/1 105 Kemp Mill Estates

420 Lamberton Dr $380,000 10/24/2019 Split Level 4 2/1 1 Kemp Mill EstatesBright MLS Data is subject to change. No inference should be made nor is one intended that sales are from my team's or my broker's

activities as listing or cooperating agent.

My Team's Greater Kemp Mill Current Listings and Recent Sales

SPRINGBROOK FOREST313 Stonington Rd

SoldSold Price: $920,000

KEMP MILL ESTATES11724 Stonington Pl

I Listed & SoldSold Price: $597,000

KEMP MILL ESTATES11624 Lebaron Ter

For SaleAsking Price: $535,000

KEMP MILL ESTATES11739 Lovejoy StUnder Contract

Asking Price: $459,000

KEMP MILL ESTATES11503 Lamberton Ct

Under ContractAsking Price: $459,000

KEMP MILL HILLS611 Northwood Ter

SoldSold Price: $475,000

KEMP MILL ESTATES610 Lamberton Dr

I Listed & SoldSold Price: $445,000

KEMP MILL ESTATES814 Hillsboro DrUnder Contract

Asking Price: $325,000

KEMP MILL FOREST13 Cosgrave Ct

Represented Buyer in this SaleSold Price: $562,000

KEMP MILL1100 Kersey Rd


KEMP MILL ESTATES11402 Charlton Dr


KEMP MILL ESTATES11425 Fairoak Dr


kemp mill area real estate report prsrt std the barbara ... mill.pdf · long & foster real...

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