Clarksburg, MD

Currently, there is one home listed for sale in the Catawba Manor neighborhood of Clarksburg, MD. It is a 4 bedroom, 3 1/2 bath detached colonial listed at $425,000 and has been on the market for 18 days.

One home in the neighborhood is listed for rent at $2,500 per month, and one is under contract after having been on the market for 13 days.

So far this year, one home in Catawba Manor has sold and closed. It is a 4 bedroom 4 1/2 bath detached colonial that was a bank foreclosure. It was listed at $370,000 and received multiple offers, eventually selling for $400,800.

For further details on homes for sale in Clarksburg, Maryland you can log onto www.ClarksburgLovelyHomes.com or you can call or email me anytime.

CLARKSBURG, MARYLAND RESIDENTIAL REAL ESTATE MARKET - MONTGOMERY COUNTY

We receive several calls each week from home owners and prospective purchasers that are asking about the local market. We email monthly statistics, but sometimes you need to have a closer 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-91175205-365

The second report shows the 16 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-91175091-722

The third report shows the 3 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-91174950-318

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.

The fourth annual Life Is Good pumpkin festival is set for this Saturday, October 10 at Clarksburg Town Center, starting at 1:00 p.m. and continuing until 8:00 p.m.

The celebration will include pumpkin carving, games, music, and food and proceeds from the event will benefit the Life Is Good Kid Foundation.

Look for the festival at the intersection of Public House Road and Ebenezer Chapel Drive in Clarksburg, Maryland. Rain date is October 11.

See you there!

Here is the Clarksburg Area supply and demand chart for August 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.

WOW!!! August was a great month in the Clarksburg real estate market. Of the homes available for sale, 1 in 5 sold. That is like 2005 numbers.

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:

August 2009 17% absorption rate

August 2008 10% absorption rate

August 2007 6.7% absorption