Short Sales and Bank Owned Properties in North Potomac - June 13th 2009
We are not seeing as many short sales or bank owned properties, and that is good news. Property values have declined because of short sales and bank owned in surrounding areas. However, North Potomac remains a moderately stable real estate market, all things considered. When you look at this from a consumer standpoint what does it really mean to you, the buyer? It tells you that even though prices have declined and buying at today's market prices is a great deal, houses below 750K-800K are selling in an average of 60 days if priced competitively. I am seeing multiple offers and buyers excited to buy in an area they couldn't afford a few years ago.