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Olney, MD

Homes for sale in Olney, Maryland 20832 - Single Family Detached Homes

Barbara Michaluk Realtor in Maryland: Real Estate Agent in Leisure World, MD

Homes for sale in Olney, Maryland 20832 - Single Family Detached Homes

Olney, MD is one of the most desirable communities in Montgomery County, Maryland. There are approximately 8,000 homes in Olney. The zip code for Olney, MD is 20832.

Money Magazine voted in 2007 Olney, Marylandas #17 out of the top 100 places to living in the country. You'll find great schools, live theater, every type of shopping and other services including public library, several banks, hospital, drug stores, grocery stores, pet store, toy store, bakery, restaurants, public parks and lots more.

Here is the current list of single family detached homes for sale in Olney, MD.

Address Price Bedrooms Full Baths Half Baths Levels Fireplace Garage Bsmt Acres Age Subdivision Style
18519 Bowie Mill Rd $375,000 4 3 0 2 2 1 Yes 0.422 38 OLNEY SQUARE Rambler
18912 Rolling Acres Way $399,000 4 2 0 2 1 0 Yes 0.236 35 OLNEY MILL Split Foyer
4028 Mount Olney Ln $429,000 4 2 1 2 1 0 Yes 0.361 38 OLNEY MILL Split Foyer
3500 Singers Glen Dr $429,000 4 2 1 3 0 1 Yes 0.271 26 WILLIAMSBURG VILLA Split Level
17248 Sandy Knoll Dr $447,000 5 3 1 2 1 2 Yes 0.41 28 CASHELL MANOR Colonial
19404 Charline Manor Rd $450,000 4 2 1 2 2 2 Yes 0.416 38 OLNEY MILL Split Foyer
3430 High St $450,000 4 2 0 2 1 0 No 0.344 66 PT OLNEY OUT RES 2 Cape Cod
18620 Rolling Acres Way $479,000 3 2 1 3 1 2 Yes 0.346 35 OLNEY MILL Colonial
17904 Danube Ln $515,000 5 3 1 3 1 2 Yes 0.286 22 OLNEY OAKS Colonial
3224 Llewellyn Field Rd $529,000 6 3 1 3 1 1 Yes 0.273 36 BROOKVILLE KNOLLS Colonial
17540 Queen Elizabeth Dr $540,000 6 3 1 4 1 0 Yes 0.418 41 WILLIAMSBURG VILLA Split Level
18145 Darnell Dr $545,000 4 3 1 3 1 2 Yes 0.23 22 OLNEY OAKS Colonial
4236 Cherry Valley Dr $569,986 4 2 2 3 1 2 Yes 0.304 23 CHERRYWOOD Colonial
4008 Morningwood Dr $599,900 5 2 1 3 1 2 Yes 0.459 21 WILLIAMSBURG VILLA Colonial
5038 Tothill Dr $625,000 4 4 1 3 1 2 Yes 0.408 9 BARNSLEY MANOR EST Colonial
4109 Queen Mary Dr $649,777 5 4 1 3 1 1 Yes 0.553 42 WILLIAMSBURG VILLA Colonial
1501 Gold Mine Rd $649,900 2 2 1 3 2 3 Yes 4.35 10 BROOKE GROVE Contemp
18505 Hawkstone Ct $684,800 4 2 1 3 0 2 Yes 0.432 -1 THE RESERVE AT FAI Colonial
4710 Broom Dr $690,000 4 3 1 3 1 2 Yes 0.224 9 BARNSLEY MANOR EST Colonial
18507 Hawkstone Ct $698,300 5 3 1 3 1 2 Yes 0.43 -1 THE RESERVE AT FAI Colonial
18617 Woodgate Pl $754,800 5 4 0 3 0 2 Yes 0.347 -1 THE RESERVE AT FAI Colonial
18265 Wickham Rd $769,900 6 4 1 4 2 2 Yes 0.302 9 BARNSLEY MANOR EST Colonial
18628 Wickham Rd $786,000 4 4 1 3 2 2 Yes 1.078 0 THE RESERVE AT FAI Colonial
18400 Forest Crossing Ct $829,900 4 3 1 3 1 2 Yes 0.292 0 JAMES CREEK Colonial
2435 Westminster Dr $1,075,000 4 3 1 3 2 3 Yes 2.12 22 ANSCROFT Colonial
2423 Westminster Dr $1,399,000 5 4 1 4 1 3 Yes 1.776 4 ANSCROFT Colonial
11 Shallow Brook Ct $1,500,000 5 4 0 3 4 2 Yes 2.326 83 OLNEY OAKS

Colonial

Contact Barbara Michaluk, Realtor for more information about any home for sale in Olney, Maryland or for a private tour.

Olney Area Supply and Demand Chart October 2009

Joe Buffington, GRI, CDPE: Real Estate Brokerage in Olney, MD

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) 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 of 2009 was another improving month over this last year and 2 years ago. Are we out of the woods? Not yet. Experts predict that there are still more foreclosures and short sales until 2012. However that doesn't necessarily mean that we will see a decline in property values across the board. The best advice is to get professional advice. RE/MAX Realty Centre has some of the industries finest agents.

Our office has added several CDPEs. These are Certified Distressed Property Experts. They are great agents who can help their clients navigate short sales and foreclosures.

Absorption Rates:

October 2009 16% absorption rate

October 2008 11% absorption rate

October 2007 9% absorption rate

OLNEY, MARYLAND RESIDENTIAL MARKET - MONTGOMERY COUNTY

10-28-09
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD

OLNEY, 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 34 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-93143271-561

The second report shows the 12 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-93143297-591

The third report shows the 1 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-93143306-528

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.

OLNEY, MARYLAND RESIDENTIAL REAL ESTATE MARKET - MONTGOMERY COUNTY

10-21-09
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD

OLNEY, 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 41 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-92526982-938

The second report shows the 12 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-92527025-773

The third report shows the 1 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-92527053-606

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.

OLNEY, MARYLAND 20832 - REAL ESTATE TREND INDICATOR

10-14-09
Roy Kelley
Roy Kelley: Real Estate Agent in Gaithersburg, MD

OLNEY, MARYLAND 20832 - REAL ESTATE TREND INDICATOR

If you are thinking about buying or selling a home in zip code 20832, you should take a close look at the following report that compares the statistics for the past month with the same month last year. During the month, there were 79 active listings of homes for sale in Olney. There were 23 new listings in the area and 25 properties went to pending new contracts. There were 26 settlements as compared to 16 homes sold last year. The total sold dollar volume was up 47.09%. The median sales price was $297,500. The average sales price was 94.37% of the average list price. The average days on the market was 89 as compared to 107 days last year. 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 buyers have the benefit of the currently available $8,000 tax credit for settlements that take place before the end of November, 2009. Many buyers are using FHA financing to take advantage of the low 3.5% minimum cash requirement. The FHA Streamlined 203(k) program allows borrowers to include the cost of home improvements up to $35,000 in the mortgage amount.

There are 62 homes for sale in Zip Code 20832. Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-91897488-433

Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20832 Olney, MD
From: 09/01/2009 to 09/30/2009 Statistics generated on: 10/07/2009

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 8
$100,000 - 149,999 0 0 0 0 0 0 1 0 31-60 Days 6
$150,000 - 199,999 0 0 0 1 0 0 2 0 61 - 90 Days 5
$200,000 - 249,999 1 2 0 1 0 4 4 0 91-120 Days 0
$250,000 - 299,999 0 6 0 2 0 8 4 0 Over 120 Days 7
$300,000 - 349,999 0 2 1 0 0 3 0 0 Total 26
$350,000 - 399,999 0 2 0 0 0 8 0 0
$400,000 - 449,999 0 2 1 0 0 9 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 2 0 0 8 0 0
$500,000 - 599,999 0 1 0 0 0 9 0 0 Conventional 14
$600,000 - 699,999 0 0 1 0 0 3 0 0 FHA 10
$700,000 - 799,999 0 0 1 0 0 6 0 0 VA 1
$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 1
$1,000,000 - 2,499,999 0 0 0 0 0 5 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 15 6 4 0 68 11 0 Total 26
Grand Totals 26 79
2009 2008 % Change
Total Sold Dollar Volume: $ 9,135,730 $ 6,210,800 47.09 %
Average Sold Price: $ 351,374 $ 388,175 - 9.48 %
Median Sold Price: $ 297,500 $ 387,000 - 23.13 %
Total Units Sold: 26 16 62.50 %
Average Days on Market: 89 107 - 16.82 %
Average List Price for Solds: $ 372,350 $ 411,462 - 9.51 %
Avg Sale Price as a
percentage of Avg List Price:
94.37 % 94.34 %
Total NEW listings: 23
Total Properties Marked Contract: 14
Total Properties Marked Contingent Contract: 11
Total NEW pendings (Contracts + Contingents): 25

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

FIRST TIME HOME BUYER $8,000 TAX CREDIT: www.federalhousingtaxcredit.com Home settlement deadline is November 30, 2009

FHA loan limits for Montgomery County and Frederick County: $729,750. Limit for FHA reverse mortgages: $625,000

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