Clarksburg, MD

Here is the Clarksburg Area supply and demand chart for October 2009. The Red lines are the active homes, blue under contract, and green are sold. The absorption rate is determined by the number of homes on the market and the number of homes selling that month.

October was another great month in the Clarksburg real estate market. Of the homes available for sale, 1 in went undercontract. The undercontracts trail the absorption rate by about 45 days, so look forward to a strong Nov for absorption.

Our office is at 23214 Brewers Tavern and we have seen a lot of buyers and sellers walk in our doors looking for help and finding it. The housing stimulus credit of $8000 has really moved the market in a positive direction. Things have really picked up in Clarksburg. We have seen a major spike in new home sales which in turn has helped the existing home sales as well. We have also added several CDPEs. These are Certified Distressed Property Experts. These are great agents who have added a higher level of training to be able to navigate short sales and foreclosures for their clients.

Absorption Rates:

October 2009 8% absorption rate

October 2008 7% absorption rate

October 2007 5% absorption

Adventist HealthCare is continuing to move forward with its plans for a full-service hospital and medical campus in Clarksburg, MD. It unveiled the architectural rendering for the proposed campus, which can be seen on www.clarksburghospital.com/news

The project has received key environmental, transportation, and land-use approvals from Montgomery County, and is under review by the Maryland Health Care Commission.

Last month, eleven upcounty state legislators signed a joint letter to the Commission, urging approval of the Clarksburg project.

Stay tuned....

CLARKSBURG, 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 49 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-93144340-849

The second report shows the 11 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-93144357-482

The third report shows the 6 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-93144374-241

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.

HOW DO YOU IDENTIFY SHORT SALES AND FORECLOSURES IN CLARKSBURG?

CLARKSBURG, 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 50 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-92628400-1

The second report shows the 13 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-92628250-555

The third report shows the 3 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-92628233-996

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.