Where Have I Been? The market is HOT!

The best way to figure out if anyone is reading what you write on-line - is to stop. I have gotten over 20 e-mails asking if the Potomac Secret Agent has taken a sabbatical. I have to apologize to all my patient readers. It is not as if I have stopped seeing and reviewing homes. I have been incredibly busy selling my listings and finding homes for my purchaser clients. THE MARKET IS HOT!

After a very difficult 2009, 2010 started off strong. Between the $8000 tax credit and pent up demand - the market is as strong as I have seen for years. Low inventory, motivated sellers and buyers looking for a bargain have really given a boost to our local market.

With that said - what does it mean to you?

If you have been waiting to sell a home - stop waiting. The market is back. There is little inventory in the Potomac market - and those homes that are priced right are selling quickly. Some of them are recieving multiple contracts and selling at above market price.

For all of you that want to enter the Potomac market - or sell your home here to move up - Don't Wait!Prices are already increasing in our marketplace. I see a 5% to 7% increase in prices in Potomac this year. The only segment of the market still suffering is the $1.3mm and above. Larger down payments and stricter lending guidelines are decimating this segment of the market. The deals to be had in this segment of the market are extraordinary.

So - where do we go from here?

I have sold 5 of my listings and need some inventory to sell. If you have not yet listed your home - call me. You will get my undivided attention to sell your home quickly and at the best price. We can than focus on finding you the home of your dreams in Potomac. Shoot me an e-mail and let me send you a list of my satisfied customers. Better yet - call today and become one of my satisfied customers! psa@MyPotomac.com