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POOLESVILLE, 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 15 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-93144874-603
The second report shows the 3 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-93144895-452
The third report shows the 2 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-93144952-243
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.
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WHAT'S GOING ON WITH THE POOLESVILLE RESIDENTIAL MARKET?
POOLESVILLE, 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 16 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-92717832-574
The second report shows the 2 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-92717901-904
The third report shows the 2 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-92717927-790
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.
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POOLESVILLE MD 20837 REAL ESTATE TREND INDICATOR
If you are thinking about buying or selling a home in zip code 20837, 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 23 active listings of homes for sale in Poolesville. There were 5 new listings in the area and 7 went to pending new contracts. There were 6 settlements, from 4 last year. The total sold dollar volume was down 1.12% from last year. The median sold price was $354,500. 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 $8,000 tax credit for settlements that take place before the end of November, 2009. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking advantage of the bargains. Many home 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 up to $35,000 of the cost of home improvements in the mortgage.
Winchester Homes has opened a beautiful model in the new Stoney Springs community on Whites Ferry Road. It will be interesting to watch the success of this community and its impact on the real estate market in Poolesville.
There are 22 homes for sale on the multiple listing service for Zip Code 20837. Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-91804718-22
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20837 Poolesville, 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 | 1 |
| $100,000 - 149,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31-60 Days | 1 |
| $150,000 - 199,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61 - 90 Days | 0 |
| $200,000 - 249,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 91-120 Days | 2 |
| $250,000 - 299,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | Over 120 Days | 2 |
| $300,000 - 349,999 | 0 | 2 | 1 | 0 | 0 | 3 | 0 | 0 | Total | 6 |
| $350,000 - 399,999 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | ||
| $400,000 - 449,999 | 0 | 0 | 1 | 0 | 0 | 4 | 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 | 0 | 0 | 0 | 4 | 0 | 0 | Conventional | 3 |
| $600,000 - 699,999 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | FHA | 3 |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | VA | 0 |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | Assumption | 0 |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 3 | 0 | 0 | 23 | 0 | 0 | Total | 6 |
| Grand Totals | 6 | 23 |
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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
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. We always appreciate your referrals.
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POOLESVILLE MD 20837 REAL ESTATE TREND INDICATOR
If you are thinking about buying or selling a home in zip code 20837, 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 28 active listings of homes for sale in Poolesville. There were 5 new listings in the area and 8 went to pending new contracts. There were 7 settlements, from 8 last year. The total sold dollar volume was down 45.44% from last year. The median sold price was $400,000. 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 $8,000 tax credit for settlements that take place before the end of November, 2009. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking advantage of the bargains. Many home 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 up to $35,000 of the cost of home improvements in the mortgage. Winchester Homes has opened a beautiful model in the new Stoney Springs community on Whites Ferry Road. It will be interesting to watch the success of this community and its impact on the real estate market in Poolesville.
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20837 Poolesville, MD
From: 08/01/2009 to 08/31/2009 Statistics generated on: 09/09/2009
| 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 | 1 |
| $100,000 - 149,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31-60 Days | 1 |
| $150,000 - 199,999 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 61 - 90 Days | 1 |
| $200,000 - 249,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 91-120 Days | 1 |
| $250,000 - 299,999 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | Over 120 Days | 3 |
| $300,000 - 349,999 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | Total | 7 |
| $350,000 - 399,999 | 0 | 0 | 1 | 0 | 0 | 5 | 0 | 0 | ||
| $400,000 - 449,999 | 0 | 0 | 1 | 0 | 0 | 3 | 0 | 0 | Type of Financing of Units Sold (No. of Units) |
|
| $450,000 - 499,999 | 0 | 0 | 1 | 0 | 0 | 2 | 0 | 0 | ||
| $500,000 - 599,999 | 0 | 0 | 2 | 0 | 0 | 3 | 0 | 0 | Conventional | 3 |
| $600,000 - 699,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | FHA | 1 |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | VA | 2 |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | Assumption | 1 |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 2 | 5 | 0 | 0 | 28 | 0 | 0 | Total | 7 |
| Grand Totals | 7 | 28 |
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Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.
Please contact us with your questions on the residential real estate market.
Your Real Estate Advisor,
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POOLESVILLE MD 20837 REAL ESTATE TREND INDICATOR
If you are thinking about buying or selling a home in zip code 20837, 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 34 active listings of homes for sale in Poolesville. There were 7 new listings in the area and 3 went to pending new contracts. There were 3 settlements, the same as last year. The total sold dollar volume was down 5.79% from last year. The median sold price was $263,000. 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 $8,000 tax credit for settlements that take place before the end of November, 2009. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking advantage of the bargains. Many home 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 up to $35,000 of the cost of home improvements in the mortgage. Winchester Homes has opened a beautiful model in the new Stoney Springs community on Whites Ferry Road. It will be interesting to watch the success of this community and its impact on the real estate market in Poolesville.
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20837 Poolesville, MD
From: 07/01/2009 to 07/31/2009 Statistics generated on: 08/06/2009
| 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 | 1 |
| $100,000 - 149,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31-60 Days | 0 |
| $150,000 - 199,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 61 - 90 Days | 0 |
| $200,000 - 249,999 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 91-120 Days | 0 |
| $250,000 - 299,999 | 0 | 0 | 1 | 0 | 0 | 2 | 0 | 0 | Over 120 Days | 2 |
| $300,000 - 349,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | Total | 3 |
| $350,000 - 399,999 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | ||
| $400,000 - 449,999 | 0 | 0 | 0 | 0 | 0 | 5 | 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 | 0 | 0 | 0 | 6 | 0 | 0 | Conventional | 1 |
| $600,000 - 699,999 | 0 | 0 | 1 | 0 | 0 | 3 | 0 | 0 | FHA | 1 |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | VA | 0 |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | Assumption | 0 |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Cash | 1 |
| $1,000,000 - 2,499,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Owner Finance | 0 |
| $2,500,000 - 4,999,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | All Other | 0 |
| $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Unreported | 0 |
| Totals | 0 | 1 | 2 | 0 | 0 | 34 | 0 | 0 | Total | 3 |
| Grand Totals | 3 | 34 |
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Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - 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 Main Office: 301-258-7757 x 569
Home Search Website: www.roykelley.com Click on Homes Prospector for access to all of the available home listings on MRIS.
Blog: http://activerain.com/blogs/roykelley
Follow me on Twitter: http://twitter.com/roykelley
FIRST TIME HOME BUYER $8,000 TAX CREDIT: www.federalhousingtaxcredit.com
FHA loan limits for Montgomery County and Frederick County: $729,750. New limit for FHA reverse mortgages: $625,000.
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