August Sales

RISMEDIA, September 28, 2009—Existing-home sales in the USA in August 2009 gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®.

Existing-home sales- including single-family, townhomes, condominiums and co-ops- declined 2.7% to a seasonally adjusted annual rate of 5.10 million units in August from a pace of 5.24 million in July, but remain 3.4% above the 4.93 million-unit level in August 2008. In the previous four months, sales had risen a total of 15.2%.

Read more: http://rismedia.com/2009-09-27/existing-home-sales-ease-following-4-monthly-gains/#ixzz0SPBSt2Nr

Update - September 7

Today, there are 5 properties very close to the metro that are offered for short sale. 4 of them are condo units, and one is a townhouse. The townhouse is an end unit - for less than 450k. 3 bedrooms 2 full baths and 2 half-baths. In excellent condition! So, if you are prepared to wait for 3-4 months, and if you have an experienced short-sale agent - make an attempt. It is worth it. Need guidance? Call me.

Regular sales - there are 8 other properties for sale. Most of them are condo units : from $350k to $380k for a 2 bedroom unit. All of them are right across the street from the metro.
You can also buy townhouses - from $400k to $690 - depending on the size and age of the property. And a single family house for $795k - built in 2005; 4 bedrooms and 4 1/2 baths.

For people who are looking for a rental, there are quite a few units for rent: from $1,350/mo for 1 bedroom to $1,900/mo for 2 bedrooms. And several townhouses (all at walking distance to the metro) - from $2,000/mo to $3,100/mo.