CLARKSBURG, MARYLAND REAL ESTATE TREND INDICATOR
If you are thinking about buying or selling a home in zip code 20871, you should take a close look at the following report that compares the statistics for September with the same month last year. There were 35 new listings in the area and 14 listings went to contract. There were 14 actual settlements as compared to 8 homes sold last year. The total sold dollar volume was up 58.2%. The average number of days on the market was up to 210 from 67 days last year. The average days on the market is much longer than the average for Montgomery County. The average sale price was 89.73% of the average list price. What does this mean? It is still a soft market which favors buyers. 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: 20871 Clarksburg, 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 | 2 | |
| $100,000 - 149,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31-60 Days | 2 | |
| $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 | 2 | 6 | 0 | 91-120 Days | 1 | |
| $250,000 - 299,999 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | Over 120 Days | 9 | |
| $300,000 - 349,999 | 0 | 2 | 0 | 0 | 0 | 4 | 2 | 0 | Total | 14 | |
| $350,000 - 399,999 | 0 | 2 | 0 | 0 | 0 | 20 | 0 | 0 | |||
| $400,000 - 449,999 | 0 | 0 | 1 | 0 | 0 | 21 | 0 | 0 | Type of Financing of Units Sold (No. of Units) |
||
| $450,000 - 499,999 | 0 | 0 | 4 | 0 | 0 | 15 | 0 | 0 | |||
| $500,000 - 599,999 | 0 | 0 | 4 | 0 | 0 | 34 | 0 | 1 | Conventional | 7 | |
| $600,000 - 699,999 | 0 | 0 | 1 | 0 | 0 | 21 | 0 | 0 | FHA | 6 | |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | VA | 1 | |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | Assumption | 0 | |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | Cash | 0 | |
| $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 | 0 | 4 | 10 | 0 | 0 | 136 | 10 | 1 | Total | 14 | |
| Grand Totals | 14 | 147 | |||||||||
|
|
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.
WASHINGTON COUNTY, MARYLAND REAL ESTATE TREND INDICATOR
If you are planning to purchase or sell a home in Washington County, you will want to know what is going on in the market. The following report is for September and the statistics are compared with the same month last year. During the month, there were 178 new listings and 98 pending contracts. The sold dollar volume was down 3.05% from last year. The number of homes sold was up to 97 from 84 last year. The average days on the market was up to 150 days as compared to 136 days last year. The average sale price was 87.75% of the average list price. The market is still soft which means that it favors buyers. Foreclosures and short sales listings still influence the area market. Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which is attractive for most of the buyers. More investors are buying in the area because the prices on lender owned foreclosures are the lowest in several years. Investors are now experiencing the new underwriting restrictions that limit the number of financed homes to four per borrower.
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
Washington County, 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 | 2 | 8 | 0 | 0 | 0 | 53 | 3 | 5 | 1 -30 Days | 25 | |
| $100,000 - 149,999 | 4 | 9 | 2 | 2 | 0 | 153 | 16 | 0 | 31-60 Days | 7 | |
| $150,000 - 199,999 | 3 | 16 | 8 | 0 | 0 | 292 | 12 | 0 | 61 - 90 Days | 15 | |
| $200,000 - 249,999 | 2 | 6 | 5 | 2 | 0 | 230 | 4 | 0 | 91-120 Days | 12 | |
| $250,000 - 299,999 | 0 | 6 | 9 | 0 | 0 | 210 | 0 | 0 | Over 120 Days | 38 | |
| $300,000 - 349,999 | 0 | 0 | 7 | 0 | 0 | 104 | 3 | 0 | Total | 97 | |
| $350,000 - 399,999 | 0 | 0 | 0 | 0 | 0 | 95 | 0 | 0 | |||
| $400,000 - 449,999 | 0 | 1 | 1 | 0 | 0 | 43 | 0 | 0 | Type of Financing of Units Sold (No. of Units) |
||
| $450,000 - 499,999 | 0 | 0 | 2 | 0 | 0 | 47 | 0 | 0 | |||
| $500,000 - 599,999 | 0 | 0 | 1 | 0 | 0 | 45 | 0 | 0 | Conventional | 24 | |
| $600,000 - 699,999 | 0 | 0 | 0 | 0 | 0 | 22 | 0 | 1 | FHA | 47 | |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | VA | 2 | |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | Assumption | 8 | |
| $900,000 - 999,999 | 0 | 0 | 1 | 0 | 0 | 6 | 0 | 0 | Cash | 14 | |
| $1,000,000 - 2,499,999 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | Owner Finance | 0 | |
| $2,500,000 - 4,999,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | All Other | 2 | |
| $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Unreported | 0 | |
| Totals | 11 | 46 | 36 | 4 | 0 | 1322 | 38 | 6 | Total | 97 | |
| Grand Totals | 97 | 1366 | |||||||||
|
|
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.
PRINCE GEORGE'S COUNTY, MARYLAND REAL ESTATE TREND INDICATOR
If you are planning to purchase or sell a home in Prince George's County, you will want to know what is going on in the market. The following report is for September and the statistics are compared with the same month last year. During the month, there were 1,555 new listings and 645 pending contracts. The sold dollar volume was up 5.28% from last year. The number of homes sold was up to 546 from 465 last year. The average days on the market was up to 141 days as compared to 95 days last year. The average sale price was 89.98% of the average list price. The market is still soft which means that it favors buyers. Foreclosures and short sales listings still influence the area market. Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which is attractive for most of the buyers. More investors are buying in the area because the prices on lender owned foreclosures are the lowest in several years. Investors should be aware of new underwriting guidelines that restrict the number of financed homes to a total of four.
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
Prince Georges County, 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 | 1 | 1 | 0 | 3 | 1 | 44 | 50 | 7 | 1 -30 Days | 101 | |
| $100,000 - 149,999 | 0 | 2 | 3 | 16 | 0 | 191 | 161 | 4 | 31-60 Days | 74 | |
| $150,000 - 199,999 | 9 | 17 | 5 | 18 | 0 | 631 | 259 | 0 | 61 - 90 Days | 58 | |
| $200,000 - 249,999 | 14 | 77 | 31 | 17 | 1 | 1109 | 189 | 3 | 91-120 Days | 60 | |
| $250,000 - 299,999 | 4 | 74 | 57 | 7 | 0 | 1471 | 121 | 2 | Over 120 Days | 253 | |
| $300,000 - 349,999 | 2 | 24 | 55 | 2 | 0 | 1141 | 12 | 0 | Total | 546 | |
| $350,000 - 399,999 | 1 | 6 | 37 | 0 | 1 | 811 | 9 | 1 | |||
| $400,000 - 449,999 | 0 | 2 | 22 | 0 | 0 | 446 | 2 | 0 | Type of Financing of Units Sold (No. of Units) |
||
| $450,000 - 499,999 | 1 | 1 | 17 | 0 | 0 | 363 | 2 | 0 | |||
| $500,000 - 599,999 | 0 | 1 | 6 | 0 | 0 | 359 | 3 | 0 | Conventional | 97 | |
| $600,000 - 699,999 | 0 | 0 | 5 | 0 | 0 | 180 | 0 | 1 | FHA | 334 | |
| $700,000 - 799,999 | 0 | 0 | 2 | 0 | 0 | 86 | 0 | 0 | VA | 40 | |
| $800,000 - 899,999 | 0 | 0 | 2 | 0 | 0 | 57 | 0 | 0 | Assumption | 47 | |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 28 | 0 | 0 | Cash | 18 | |
| $1,000,000 - 2,499,999 | 0 | 0 | 1 | 0 | 0 | 53 | 0 | 0 | Owner Finance | 1 | |
| $2,500,000 - 4,999,999 | 0 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | All Other | 9 | |
| $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | Unreported | 0 | |
| Totals | 32 | 205 | 243 | 63 | 3 | 6978 | 808 | 18 | Total | 546 | |
| Grand Totals | 546 | 7804 | |||||||||
|
|
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.
If you are planning to purchase or sell real residential real estate in Montgomery County, you will want to know what is happening in the market. This report compares September statistics with the same month last year. The total dollar volume sold was up 17.98%. The number of housing units sold was up to 768 from 583 last year, an increase of 31.73%. The average days on the market increased to 101 days. The average sales price was 91.31% of the average list price. What does this mean? The market is still soft which means that it favors purchasers. Investors should be aware of the new underwriting guidelines that restrict the number of owned homes that have mortgage financing to a total of four.
MONTGOMERY COUNTY, MD REAL ESTATE TREND INDICATOR
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
Montgomery County, 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 | 4 | 0 | 3 | 44 | 1 | 1 -30 Days | 210 | |
| $100,000 - 149,999 | 0 | 0 | 0 | 17 | 0 | 18 | 167 | 0 | 31-60 Days | 129 | |
| $150,000 - 199,999 | 8 | 15 | 4 | 37 | 0 | 185 | 328 | 0 | 61 - 90 Days | 106 | |
| $200,000 - 249,999 | 6 | 41 | 7 | 32 | 0 | 353 | 321 | 0 | 91-120 Days | 96 | |
| $250,000 - 299,999 | 7 | 51 | 21 | 19 | 0 | 631 | 187 | 0 | Over 120 Days | 227 | |
| $300,000 - 349,999 | 3 | 51 | 38 | 14 | 0 | 505 | 119 | 0 | Total | 768 | |
| $350,000 - 399,999 | 0 | 24 | 38 | 9 | 0 | 567 | 78 | 0 | |||
| $400,000 - 449,999 | 3 | 19 | 34 | 4 | 0 | 332 | 36 | 0 | Type of Financing of Units Sold (No. of Units) |
||
| $450,000 - 499,999 | 0 | 12 | 25 | 7 | 0 | 367 | 33 | 0 | |||
| $500,000 - 599,999 | 0 | 15 | 49 | 3 | 1 | 479 | 45 | 1 | Conventional | 409 | |
| $600,000 - 699,999 | 0 | 11 | 30 | 1 | 0 | 320 | 11 | 0 | FHA | 255 | |
| $700,000 - 799,999 | 0 | 7 | 15 | 3 | 0 | 205 | 9 | 0 | VA | 18 | |
| $800,000 - 899,999 | 0 | 3 | 16 | 1 | 0 | 150 | 10 | 0 | Assumption | 25 | |
| $900,000 - 999,999 | 0 | 0 | 16 | 0 | 0 | 123 | 3 | 0 | Cash | 47 | |
| $1,000,000 - 2,499,999 | 0 | 4 | 38 | 2 | 0 | 458 | 27 | 1 | Owner Finance | 1 | |
| $2,500,000 - 4,999,999 | 0 | 0 | 2 | 1 | 0 | 76 | 0 | 0 | All Other | 13 | |
| $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 16 | 0 | 0 | Unreported | 0 | |
| Totals | 27 | 253 | 333 | 154 | 1 | 4788 | 1418 | 3 | Total | 768 | |
| Grand Totals | 768 | 6209 | |||||||||
|
|
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.
FREDERICK COUNTY, MARYLAND REAL ESTATE TREND INDICATOR
If you are planning to purchase or sell a home in Frederick County, you will want to know what is going on in the market. The following report is for September and the statistics are compared with the same month last year. During the month, there were 4183 new listings and 244 pending contracts. The sold dollar volume was up 14.92% from last year. The number of homes sold was up to 205 from 152 last year. The average days on the market was up to 120 days as compared to 129 days last year. The average sale price was 93% of the average list price. The market is still soft which means that it favors buyers. Foreclosures and short sales listings still influence the area market. Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which is attractive for most of the buyers. More investors are buying in the area because the prices on lender owned foreclosures are the lowest in several years. Investors should be aware of the new underwriting guidelines that restrict mortgage financing to a total of four financed homes.
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
Frederick County, 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 | 1 | 0 | 0 | 1 | 0 | 6 | 3 | 1 | 1 -30 Days | 54 | |
| $100,000 - 149,999 | 1 | 4 | 2 | 1 | 0 | 70 | 29 | 0 | 31-60 Days | 30 | |
| $150,000 - 199,999 | 4 | 18 | 7 | 7 | 0 | 218 | 84 | 1 | 61 - 90 Days | 22 | |
| $200,000 - 249,999 | 5 | 24 | 14 | 3 | 0 | 312 | 39 | 0 | 91-120 Days | 25 | |
| $250,000 - 299,999 | 1 | 20 | 17 | 1 | 0 | 331 | 9 | 1 | Over 120 Days | 74 | |
| $300,000 - 349,999 | 0 | 10 | 19 | 0 | 0 | 231 | 2 | 0 | Total | 205 | |
| $350,000 - 399,999 | 0 | 7 | 13 | 0 | 0 | 211 | 3 | 0 | |||
| $400,000 - 449,999 | 0 | 1 | 8 | 0 | 0 | 148 | 3 | 0 | Type of Financing of Units Sold (No. of Units) |
||
| $450,000 - 499,999 | 0 | 0 | 6 | 0 | 0 | 124 | 1 | 0 | |||
| $500,000 - 599,999 | 1 | 0 | 5 | 0 | 0 | 161 | 4 | 1 | Conventional | 85 | |
| $600,000 - 699,999 | 0 | 0 | 2 | 0 | 0 | 82 | 0 | 0 | FHA | 73 | |
| $700,000 - 799,999 | 0 | 1 | 0 | 0 | 0 | 48 | 0 | 0 | VA | 13 | |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 27 | 1 | 0 | Assumption | 6 | |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 18 | 1 | 0 | Cash | 20 | |
| $1,000,000 - 2,499,999 | 0 | 0 | 1 | 0 | 0 | 34 | 0 | 0 | Owner Finance | 0 | |
| $2,500,000 - 4,999,999 | 0 | 0 | 0 | 0 | 0 | 5 | 1 | 0 | All Other | 8 | |
| $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Unreported | 0 | |
| Totals | 13 | 85 | 94 | 13 | 0 | 2026 | 180 | 4 | Total | 205 | |
| Grand Totals | 205 | 2210 | |||||||||
|
|
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.
Providing exclusive buyer and seller representation. Advising clients on pre-foreclosures, trustee sales, foreclosures and REOs. Listing agent for Countrywide Home Loans in Montgomery County.
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