Saturday, August 30, 2008

How bad the market really is....

In today's markets people often want to know how bad it really is. We often hear "Last year there home appraised for $350,000 you mean its only worth $220,000 now?" and sometimes unfortunately the answer is yes. Not all markets are bad but however some are much worse then others and knowing which are good and bad can give you the edge in todays market.

We put together a study to compair real estate prices in key locations comparing over the past serveral years the median sale price every month. You can use this as a gudie as to what to realistically expect when working with a client.

Since are home office is located in the Washington D.C it only makes sense to study the surronding areaa.















These charts are key in knowing where to spend your time marketing to clients. All of these market areas are within 15 - 20 miiles of each other and with the vast differences in prices it could make a big difference in your market and success of knowing where to go and where not to.

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