Burtonsville, MD

BURTONSVILLE, MARYLAND RESIDENTIAL MARKET - MONTGOMERY COUNTY

Home owners and prospective home owners are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale.

The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers.

The first report shows the 25 active listings excluding the lender owned (REO) homes and the short sale listings. Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-93144821-819

The second report shows the 24 short sale listings that are available. Short sales are transactions where the proceeds of the sale will not cover the outstanding mortgages. These are sometimes called pre-foreclosures. Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-93144836-162

The third report shows the 4 lender owned foreclosures (REO) properties that are for sale. The lender owned properties are vacant and prices are reduced until they are sold by the highly motivated sellers. Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-93144853-241

Please contact us with your questions. We always appreciate your referrals.

If you have prospective first time home buyers among your family and friends, please tell them that time is running out for the opportunity to receive the currently available $8,000 tax credit. Settlement must take place by 11/30/09. This cash incentive is too good to miss by those that have not owned a home during the past three years.

ARE SHORT SALE AND FORECLOSURE LISTINGS IMPACTING THE BURTONSVILLE MARKET?

THE ANSWER IS YES, IN A BIG WAY!

BURTONSVILLE, MARYLAND RESIDENTIAL REAL ESTATE MARKET - MONTGOMERY COUNTY

Home owners and prospective home owners are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale.

The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers.

The first report shows the 26 active listings excluding the lender owned (REO) homes and the short sale listings. Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-92716938-574

The second report shows the 24 short sale listings that are available.Short sales are transactions where the proceeds of the sale will not cover the outstanding mortgages. These are sometimes called pre-foreclosures. Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-92716965-301

The third report shows the 5 lender owned foreclosure (REO) property for sale. The lender owned properties are vacant and prices are reduced until they are sold by the highly motivated sellers. Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-92716990-820

Please contact us with your questions. We always appreciate your referrals.

If you have prospective first time home buyers among your family and friends, please tell them that time is running out for the opportunity to receive the currently available $8,000 tax credit. Settlement must take place by 11/30/09. This cash incentive is too good to miss by those that have not owned a home during the past three years.

September 2009 as compared to September 2008 was very different for two local Maryland cities.

For Burtonsville Md real estate the numbers this September look good compared to September 2008. Total Sold Dollar Volume was up almost 80 percent and the total units sold doubled! Sellers were getting a little more of their list price than the previous September.

However, for Laurel Maryland in Howard County, the numbers are a little different. September 2009 was not as good as September 2008. Total Sold Dollar Volume down almost 40 percent. The number of homes sold dropped from 28 to 18, a 35% decline.

What is strange is that these two communities border each other. Burtonsville Maryland is in Montgomery County and Laurel Maryland 20723 is in Howard County.

Why did one community seem to have a better September than the other?

I am not sure.

However, if we take a look at the Average and Medium Sold Price categories, they may offer a clue.

Laurel Maryland Medium price for sold homes, dropped almost 15% to $269,000. Burtonsville Md Average Sold Price had a much smaller drop to $260,000.

My experience with buyers indicates to me that a significant portion of first time home buyers, are much more comfortable with the lower price point. As we say sales, there are a lot more fish in that lower price range. Burtonsville, was already there and was good alternative for some buyers.

For more information on Maryland home sales, visit Maryland real estate.

Burtonsville Maryland borders Laurel Maryland. While most of Laurel is in Prince Georges County, all of Burtonsville is in Montgomery County Maryland.

Home Sales in Burtonsville Md increased significantly this September as compared to last September 2008.

Despite declining prices, the total dollar volume of homes sold almost doubled in September 2009 as compared to September a year ago. Total sold volume of Burtonsville Md homes went from just over two million dollars in homes last year to almost four and half million dollars a year later.

This increase was also marked by the number of homes sold increasing 100% over last September. In September of 2008 in Burtonsville Md, ten homes were sold. However, in September of 2009 twenty homes were sold in Burtonsville.

This increase was helped by the ten percent decrease in prices of homes for sale Burtonsville Md., this Septemeber as compare to last. Governement incentives and aggressive loan programs also helped sales in Burtonsville Md.

For more information on Maryland real estate, visit Maryland home sales.

This Bank Owned 3 Bedroom , 2 1/2 Bath single family colonial on a nice 1/4 lot in

the Burtonsville neighborhood of Silver Spring Country Club was just listed for $257,700

I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprededented buyer's market ... I would be glad to help.

rick.boothe@longandfoster.com

listing courtesy of Weichert, REALTORS

*This information is deemed reliable but not guaranteed