New $71 Million Wheaton Library Has Opened!

The $70.9 million project has 92,000 sq. ft and is located at the corner of Georgia (11701) and Arcola avenues. This is the first combined complex of its kind in Montgomery County, which includes a library, community recreation center, Friends of the Library used bookstore, park, underground parking garage and a redesigned roadway.

For more Information online, use the following convenient URL:     Wheaton Library

Library Services
• Access to place holds & pick up materials on hold: Books, DVDs, and CD books
• Early Literacy/School readiness programs
• Go! Kits
• Homework Help
• Magazines and newspapers
• Material return during open hours
• Workforce development training
• World Language Collection

Technology
• Computers for public use
• Earbuds & flash drives (64 MB) for purchase
• Early Literacy and After School Edge workstations & AWE tablets Loanable laptops
• Mobile Device Charging Station
• Photocopying/printing: B&W $0.15. & Color $1.00 (costs per page)
• WiFi

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My Team Shared in Highest GCAAR Gold Team Award!

The regional Realtor® organization, GCAAR, announced 2018 awardees and placed my Team in the highest category. We had over 90 closed sales and rental transaction sides, resulting in $35M in Sales. We greatly appreciate referrals from prior clients and customers. Rest assured they will receive the same high level of professional, ethical and caring services that are the basis of my team’s success. Thanks for your continued support.

Mel, my business manger, and I accepted award on behalf of my Team. My Sales Team members: Emily, Judi and Bracha, made this huge sales accomplishment and award possible!

 

 

 

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Relocation Services: Across the USA and the World, in Particular, If Relocating to Florida!

I provide outgoing referral services to all parts of the USA and to foreign countries. My referrals have been very successful with many satisfied clients. Agents receiving my referrals take them very seriously, as they know I am a Top Office producer and part of Long & Foster, and now even more, we are a Berkshire Hathaway Affiliate.

In Particular, If Relocating to Florida? I Have Many Personal Contacts!

We have been going down to Florida for Winter vacations for decades. My husband, Mel grew up in Florida, and he needs to get to warmer climates in the winter. Being Realtors, we tend to follow real estate wherever we go and after touring homes and condos and trying out numerous communities ranging from Boynton Beach, Deerfield Beach, Hollywood, Bal Harbour, Bay Harbour Islands, and Surfside, we have become very familiar with the real estate search and buying process in South Florida. Over the years, we have made lots of contacts and gathered helpful information that we are now able to share. We have some good agent contacts and better understand the inspection and review processes in Florida. Mel took the lead on these activities in Florida and he is happy to share our insights and contacts with anyone looking to secure a foothold in Florida.

Feel free to contact Mel directly at: mel@ciment.com

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Radon Testing Now Required in Most County Sales

As of October, 2016, Montgomery County law requires that a detached single-family and townhouse located in the County must be tested for radon before completing a sale of the home. The law does not apply in the sale of certain home sales, e.g., REO sale, tax sale, and administration of a decedent’s estate.  The law requires the seller to perform the radon test, or permit the buyer to perform the radon test. If the seller offers the buyer the opportunity to do the test, and the buyer chooses not to, the seller must perform the test to meet the statutory requirement that a test be performed. Both the seller and the buyer must receive a copy of the results of the radon test.  The test may be done by the seller, buyer, or third party (for example a home inspector or radon testing professional) using a testing device approved for use by the County. This law requires reporting radon results, but does not impose contingency requirements in the contract.
In drafting sales contracts, care and thought must be given to the implications of this law. For example, if a buyer neglects to make the contract contingent on radon inspection, the buyers may end up with a radon report with bad results but, have no recourse against owner to remediate the problem! For more details call me, or see Radon GCAAR Article

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Montgomery County Sales for November 2015

Montgomery County Breaking News: Market Report for November 2015 Sales Prices and Sales Volume are Both Up from Nov 2014. My Snapshot of Montgomery County Market Shows: Sales Volume in November 2015 was up 13.81% relative to November 2014 (857 units versus 753 units). Average price was up 4.74% ($504,492 versus $481,656). Days on the Market (DOM) was steady at 57 in both 2015 and 2014.
To See Detailed Map search
A new Monthly Report is issued around the 12th Day of each month. For a full report check out Market Snapshot

Montgomery County Sales Nov 2015

Montgomery County Sales Nov 2015

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Sales Volume Up and Days on the Market Up

Montgomery County sales volume in March 2015 was 15.6% above March 2014 (860 units versus 744 units). Average price was essentially unchanged. However, there was a decided difference in Days on the Market (DOM) which was much higher in 2015 than in year before, 75 DOM versus 55 DOM in 2014. This shows that the pace of sales is taking longer in this year’s market. If we look at the preceding 90 day period (Jan 11= April 11) for each year than sales volume was up 6.8% while average sales prices were down 2.4%.

For a full instantaneous report check out legacy.ciment.com/monthly-market-snapshot

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Despite a colder winter, Montgomery County sales volume was up 6.9% and Days on the Market was down in Jan ’14 versus Jan ’13. Prices were also up 6%. For more details see my Monthly Market Snapshot Report or, you can wait until April for the Washington Post Report.

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Montgomery County MD Sales: All Positive Signs for Sellers

I just used my proprietary software to compare the recently closed out 3rd Quarter 2013 (July-Sept) to 3rd Quarter 2012 and the results are very informative of the new market condition in Montgomery County, MD!
Montgomery County (MoCo) Sales Volume for this third quarter is up an amazing 20% while prices are also up 6.9% and Days on Market (DOM) has dropped from 61 Days to 39 Days.

MoCo Sales Volume (units) is up so dramatically that inventory has sold out and inventory has dropped by 37% from last year at this time. DOM is down even more sharply for Silver Spring from 69 Days in 2012 to 41 Days in 2013. This is a leading indicator that the Silver Spring Market has improved.

This is all good news for sellers and interest rates are still quite low. The tables seem to have turned into a seller’s market.

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Market Rising Steadily

The monthly Case-Schiller residential sales report that spans 20 major metropolitan areas showed that home prices had risen at the fastest pace in over 7 years at 12.4%. Their data reports on May-July 2013. For a good summary and a worthwhile article see, Wall Street Journal

My web site provides even more current analysis of August 2013 just for Montgomery County, see My Monthly Market Snapshot ReportIt shows that in that month alone prices increased by 9.9%.

Even more current, I am now working on my October Newsletter and looking at early returns of Montgomery County for the Third Quarter ’13 (July-September 2013). With 5 more days to go in September, volume is already up 9% and prices are up over last year’s 3rd Quarter by 8.7%. The market may be cooling from May-July pace but, it is rising steadily now.

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Silver Spring Market Improving for Sellers

A new Long & Foster Report confirms that the Silver Spring Market (Zip 20901,02,03,04,05,06,10) is improving for sellers. Data for May 2013 show that Units Sold at 279 is Up 6%. The # Active Listings at 509 is Down -34%, while Median Price at $360K is Up 7%. Another positive indicator for Sellers is that Days On Market at 39 is Down from 53 days (-26%). The Months of Supply is now 1.8 and is Down from 2.9 to months of supply (-38%).

All these are factors showing the strengthening of the seller market. See full Silver Spring report:  Silver Spring Market Minute Report,

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Barbara Ciment, Realtor