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Damascus, MD

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DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR

12-14-08
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD
  • view my blog
  • Office: (301) 921-4569

DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR

If you are thinking about buying or selling a home in zip code 20872, you should take a close look at the following report that compares the statistics for November with the same month last year. There were 11 new listings in the area and 13 listings went to pending new contracts. There were 7 actual settlements as compared to 8 homes sold last year. The total sold dollar volume was down 2.91%. The average number of days on the market was up to 270 from 129 days last year. The average sale price was 86.85% of the average list price. The average sold price was $362,400 and up 10.96% from last year. What does this mean? It is still a soft market which favors buyers. Buyers have the largest selection and the lowest prices that have been available for several years. First time home buyers have the benefit of the currently available $7,500 tax credit. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking advantage of the bargains.

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website: www.roykelley.com

Email: roykelley@mris.com; Client Assistance: 301-670-8996

ZIP Code: 20872 Damascus, MD
From: 11/01/2008 to 11/30/2008 Statistics generated on: 12/08/2008

Residential
Unit Sales
Number of Bedrooms		 Active Listings Time on Market
Price Class 2
Or Less
3		 4
or More 		Condo
Coop		 Ground
Rent		 Residential
 Condo
Coop		 Ground
Rent		 of Units Sold
(No. of Units)
Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 0
$100,000 - 149,999 0 0 0 0 0 0 3 0 31-60 Days 0
$150,000 - 199,999 0 0 0 0 0 6 4 0 61 - 90 Days 2
$200,000 - 249,999 0 0 0 0 0 5 2 0 91-120 Days 0
$250,000 - 299,999 0 0 0 0 0 12 1 0 Over 120 Days 5
$300,000 - 349,999 0 2 2 0 0 8 0 0 Total 7
$350,000 - 399,999 0 1 1 0 0 11 0 0
$400,000 - 449,999 0 0 0 0 0 8 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 2 0 0
$500,000 - 599,999 0 0 1 0 0 6 0 0 Conventional 3
$600,000 - 699,999 0 0 0 0 0 4 0 0 FHA 4
$700,000 - 799,999 0 0 0 0 0 2 0 0 VA 0
$800,000 - 899,999 0 0 0 0 0 4 0 0 Assumption 0
$900,000 - 999,999 0 0 0 0 0 1 0 0 Cash 0
$1,000,000 - 2,499,999 0 0 0 0 0 1 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 0 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 3 4 0 0 70 10 0 Total 7
Grand Totals 7 80
2008 2007 % Change
Total Sold Dollar Volume: $ 2,536,800 $ 2,612,750 - 2.91 %
Average Sold Price: $ 362,400 $ 326,594 10.96 %
Median Sold Price: $ 326,900 $ 305,000 7.18 %
Total Units Sold: 7 8 - 12.50 %
Average Days on Market: 270 129 109.30 %
Average List Price for Solds: $ 417,254 $ 362,200 15.20 %
Avg Sale Price as a
percentage of Avg List Price:		 86.85 % 90.17 %
Total NEW listings: 11
Total Properties Marked Contract: 8
Total Properties Marked Contingent Contract: 5
Total NEW pendings (Contracts + Contingents): 13

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.

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DAMASCUS FORECLOSURE - 25624 COLTRANE DR, DAMASCUS, MD 20872

11-19-08
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD
  • view my blog
  • Office: (301) 921-4569

DAMASCUS FORECLOSURE

Harvey West Auctioneers has scheduled a trustee sale for 25624 Coltrane Drive, Damascus, MD 20872 for November 21, 2008 at 1 PM at tbe premises. The property will be open for inspection at noon on the same date. This is a 3 BR/1.5 BA townhouse.

The required deposit is $12,000. The loan balance is $246,000. See the advertisement in the Washington Post for more details.

25624 COLTRANE DR, DAMASCUS, MD 20872

Tax Fiscal Year 2008 Estimated property tax and non-tax charges in first full fiscal year of ownership.
TOTAL EST. CHARGES: $3,469 City Tax: Tax Year: 2008
State/County Tax: $2,209 Refuse: Base Tax Rate: 0.77
Special Tax: $832 Homestd/Exempt Status: Exempt Class: 000
Front Foot Fee: $226 Tax Class: 42 Mult Class:



ASSESSMENT

Year Assessed
Phase-in Value
Land
Improvement
Land Use
2009 $285,780 $120,000 $165,780

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DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR

11-16-08
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD
  • view my blog
  • Office: (301) 921-4569

DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR

If you are thinking about buying or selling a home in zip code 20872, you should take a close look at the following report that compares the statistics for October with the same month last year. There were 13 new listings in the area and 9 listings went to pending new contracts. There were 9 actual settlements as compared to 11 homes sold last year. The total sold dollar volume was down 3.68%. The average number of days on the market was up to 139 from 86 days last year. The average sale price was 92.38% of the average list price. The average sold price was $415,533 and up 17.73% from last year. What does this mean? It is still a soft market which favors buyers. Buyers have the largest selection and the lowest prices that have been available for several years. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking advantage of the bargains.

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website: www.roykelley.com

Email: roykelley@mris.com; Client Assistance: 301-670-8996

ZIP Code: 20872 Damascus, MD From: 10/01/2008 to 10/31/2008 Statistics generated on: 11/06/2008

Residential
Unit Sales
Number of Bedrooms		 Active Listings Time on Market
Price Class 2
Or Less
3		 4
or More 		Condo
Coop		 Ground
Rent		 Residential
 Condo
Coop		 Ground
Rent		 of Units Sold
(No. of Units)
Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 1
$100,000 - 149,999 0 0 0 0 0 0 2 0 31-60 Days 2
$150,000 - 199,999 1 0 0 0 0 3 5 0 61 - 90 Days 0
$200,000 - 249,999 0 1 0 0 0 6 2 0 91-120 Days 2
$250,000 - 299,999 0 1 0 0 0 8 1 0 Over 120 Days 4
$300,000 - 349,999 0 2 0 0 0 10 0 0 Total 9
$350,000 - 399,999 0 1 1 0 0 16 0 0
$400,000 - 449,999 0 0 0 0 0 6 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 4 0 0
$500,000 - 599,999 0 0 0 0 0 9 0 0 Conventional 3
$600,000 - 699,999 0 0 0 0 0 5 0 0 FHA 4
$700,000 - 799,999 0 0 1 0 0 4 0 0 VA 0
$800,000 - 899,999 0 0 0 0 0 3 0 0 Assumption 0
$900,000 - 999,999 0 0 1 0 0 1 0 0 Cash 2
$1,000,000 - 2,499,999 0 0 0 0 0 1 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 0 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 1 5 3 0 0 76 10 0 Total 9
Grand Totals 9 86
2008 2007 % Change
Total Sold Dollar Volume: $ 3,739,800 $ 3,882,500 - 3.68 %
Average Sold Price: $ 415,533 $ 352,955 17.73 %
Median Sold Price: $ 320,400 $ 332,000 - 3.49 %
Total Units Sold: 9 11 - 18.18 %
Average Days on Market: 139 86 61.63 %
Average List Price for Solds: $ 449,811 $ 405,155 11.02 %
Avg Sale Price as a
percentage of Avg List Price:		 92.38 % 87.12 %
Total NEW listings: 13
Total Properties Marked Contract: 7
Total Properties Marked Contingent Contract: 2
Total NEW pendings (Contracts + Contingents): 9

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.

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Montgomery County MD Real Estate- Upgraded 4 Bedroom Rancher on Over One Half Acre!

11-14-08
Andy Werner, Jr Gaithersburg, MD, Real Estate
Andy Werner, Jr Gaithersburg, MD, Real Estate: Real Estate Agent in Gaithersburg, MD
  • view my blog
  • Office: (301) 721-0000
  • Mobile: (301) 252-4770
  • Secondary: (301) 921-4566
Andy Werner, Jr. | RE/MAX Realty Group | 301-721-0000
26717 Haney Avnue, Damascus, MD
Great Rancher with lots of upgrades on a half acre lot!
4BR/3BA Single Family House
offered at $400,000
Year Built 1960
Sq Footage 1,064
Bedrooms 4
Bathrooms 3 full, 0 partial
Floors 2
Parking 1 Car garage
Lot Size 0.57 acres
HOA/Maint $0 per month

DESCRIPTION
Great ranch with lots of uprades. 4BR/3FB, 3 fireplaces, 1-car garage, replacement windows, upgraded bathrooms, remodeled kitchen, fresh paint, hardwood floors, ceramic tile, built-in bookcases, and a possible in-law suite in the walkout basement. Estimated property taxes first full year of ownership are $4402.

For more photos go to www.andywerner.com

see additional photos below
ADDITIONAL PHOTOS
Seller contact info:
Andy Werner, Jr.
RE/MAX Realty Group
301-721-0000
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Nov 14, 2008, 9:59am PST
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DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR

10-14-08
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD
  • view my blog
  • Office: (301) 921-4569

DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR

If you are thinking about buying or selling a home in zip code 20872, you should take a close look at the following report that compares the statistics for September with the same month last year. There were 21 new listings in the area and 16 listings went to pending contracts. There were 21 actual settlements as compared to 21 homes sold last year. The total sold dollar volume was up 21.48%. The average number of days on the market was down to 107 from 129 days last year. The average sale price was 90.62% of the average list price. The average sold price was $291,361 and down 30.58% from last year. What does this mean? It is still a soft market which favors buyers. The good news is that most of us in the real estate business have noticed an increase in activity and the number of contracts being submitted. Interest rates were attractive and have gone lower since the government took over Fannie Mae and Freddie Mac. Buyers have the largest selection and the lowest prices that have been available for several years. The lenders still have a surplus inventory of foreclosures in Montgomery County, but they are also selling fairly quickly as buyers take advantage of the bargains.

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website: www.roykelley.com

Email: roykelley@mris.com; Client Assistance: 301-670-8996

ZIP Code: 20872 Damascus, MD From: 09/01/2008 to 09/30/2008

Statistics generated on: 10/08/2008

Residential
Unit Sales
Number of Bedrooms		 Active Listings Time on Market
Price Class 2
Or Less
3		 4
or More 		Condo
Coop		 Ground
Rent		 Residential
 Condo
Coop		 Ground
Rent		 of Units Sold
(No. of Units)
Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 3
$100,000 - 149,999 0 0 0 2 0 0 0 0 31-60 Days 5
$150,000 - 199,999 0 2 0 2 0 3 6 0 61 - 90 Days 2
$200,000 - 249,999 1 1 0 2 0 6 2 0 91-120 Days 4
$250,000 - 299,999 0 1 0 0 0 11 0 0 Over 120 Days 7
$300,000 - 349,999 0 1 3 0 0 13 0 0 Total 21
$350,000 - 399,999 0 1 1 0 0 24 0 0
$400,000 - 449,999 0 0 2 0 0 5 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 7 0 0
$500,000 - 599,999 0 0 2 0 0 8 0 0 Conventional 6
$600,000 - 699,999 0 0 0 0 0 4 0 0 FHA 11
$700,000 - 799,999 0 0 0 0 0 3 0 0 VA 2
$800,000 - 899,999 0 0 0 0 0 3 0 0 Assumption 0
$900,000 - 999,999 0 0 0 0 0 3 0 0 Cash 2
$1,000,000 - 2,499,999 0 0 0 0 0 2 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 0 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 1 6 8 6 0 92 8 0 Total 21
Grand Totals 21 100
2008 2007 % Change
Total Sold Dollar Volume: $ 6,118,584 $ 5,036,800 21.48 %
Average Sold Price: $ 291,361 $ 419,733 - 30.58 %
Median Sold Price: $ 285,000 $ 422,500 - 32.54 %
Total Units Sold: 21 12 75.00 %
Average Days on Market: 107 129 - 17.05 %
Average List Price for Solds: $ 321,536 $ 457,567 - 29.73 %
Avg Sale Price as a
percentage of Avg List Price:		 90.62 % 91.73 %
Total NEW listings: 16
Total Properties Marked Contract: 12
Total Properties Marked Contingent Contract: 4
Total NEW pendings (Contracts + Contingents): 16

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.

Your Real Estate Advisor,

Roy Kelley

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA

Direct: 301-921-4569

Client Assistance: 301-670-8996

Email: roykelley@mris.com Fax: 301-921-4586 Main Office: 301-258-7757 x 569

Home Search Website: www.roykelley.com

Blog: http://activerain.com/blogs/roykelley

Real Estate Professional since 1960. Comprehensive solutions for residential real estate needs.

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