Damascus Md. Sales Market Report - Sept 2009

Damascus Md. Sales Market Report - August 2009

This is a market report on the homes for sale in the town of Damascus, Md. The information is taken from the Metropolitan Regional Information System (MRIS) on September 22, 2009.

While there are several shells and two bedroom homes on the market, the cheapest home for sale is a three bedroom one bath with two fireplaces for $125,000. While there are five, six, and even seven bedroom homes on the market, the most expensive home on the market at this time is a four bedroom two bath detached home with a two car garage on 13 acres for $1,190,000. While some are new to the market within the last week and two have been on the market for near two years, the average days on market since initially listed for sale is short of five months (146 days).

There is currently a total of 24 homes in Damascus Md. where an offer to purchase has been accept by the owner. The last know list prices of these homes ranged from a low of $159,900 for a three-bedroom one full bath home to a high of $559,900 for a seven-bedroom four full bath home.

Since August 22, 2009, nine homes in Damascus Md. have been successfully sold. The closing prices on these homes ranged from a low of $180,000 to a high of $378,000. The days on market with the last Realtor ranged from less than a week (5 days) to five months (153 days), with the average being only two months (63 days).

Shells

There are two shells on the market for sale at this time. One is located on 6.5 acres and listed for $320,900. The second is on 1.88 acres and is currently listed for $175,000. There are no shells currently under contact nor has any gone to the closing table since July 22, 2009.

Two Bedrooms

There are currently ten two-bedroom homes on the market for sale in Damascus, Md. The list prices of this homes range from $125,000 to $335,000; with the average being $206,229. The days on market with the current Realtor for the set ranges from as little 12 days to just over six months (185 days); the average being a little over two months (77 days).

There are currently no two-bedroom home under contract in Damascus, Md., nor has a two-bedroom home been successfully closed.

Three Bedrooms

There are currently 25 three-bedroom homes on the market for sale in Damascus, Md. The list prices of these homes range from $125,000 to $741,900; with the average being $310,116. The days on market with the current Realtor for the set ranges from less than a week (3 days) to just over a year (376 days); the average being three months (90 days).

There are 11 three-bedroom homes currently under contact in Damascus, Md. The last known list prices of these homes ranged from a low of $159,900 to a high of $299,000, with the average being $245,655. The days on market with the current Realtor before the offers were accepted ranged from just under a week (1 day) to nearly four months (114 days), with the average being near a month (34 days).

Since August 22, 2009, six three-bedroom homes have successfully sold in Damascus Md. The closing price of these homes ranged from a low of $190,000 to a high of $378,000. The days on market with the last Realtor ranged from just a week (5 days) to over four months (138 days); with the average approaching two months (48 days).

Four Bedrooms

There are at this time 16 four-bedroom homes on the market for sale in Damascus, Md. The list prices of these homes range from a low of $294,900 to the highest of any home in the town of $1,190,000. The days on market with the current Realtor for the set ranges from just over a week (8 days) to over two years ( 742 days), with the average being near six months (165 days).

Currently there are nine four-bedroom homes under contract in Damascus, Md. The last known list prices of these homes ranged from a low of $229,900 to a high of $499,900, with the average being $332,894. The days on market with the current Realtor for these homes went from a soon as 11 days to nearly four months (109 days), with the average being near two months (61 days).

Since August 22, 2009, three four-bedroom Damascus, Md. homes have successfully reached the closing table. The closing prices have ranged from $200,000 to $370,000. The days on market with the last Realtor ranged from just over a month (40 days) to near five months (153 days), with the average being three months (93 days).

Five Bedrooms

There are at this time a total of seven five-bedroom homes on the market for sale in Damascus, Md. The list prices of these homes range from a low of $455,000 to $899,000, with the average being $599,714 The days on market for the set range from two week (12 days) to six months (180) days, with the average for the set being nearly two months (66 days).

There are currently three five-bedroom home under contact in Damascus, Md. The last known list prices of these homes ranged from a low of $36500 to a high of $525,000, with the average being $446,667. The days on market with the current Realtor for these homes went from a soon as four days to nearly three months (93 days), with the average being near two months (49 days).

Since August 22, 2009, no five-bedroom Damascus, Md. homes have successfully reached the closing table.

Six Bedrooms

There is only one six-bedroom home on the market for sale in Damascus, Md. The home is currently listed for $693,500 and has been on the market for just short of two months (54 days). There are currently no six-bedroom homes under contract in Damascus, Md., nor has there been a six-bedroom home going to closing since August 22, 2009

Seven Bedrooms

There are two seven-bedroom homes on the market for sale in Damascus, Md. at this time. The list price for both of these homes $675,000. While one has been on the market with the current Realtor for just about three months (92 days), the other has been for over 15 months (463 days).

Currently there is one seven-bedroom home under contract in Damascus, Md. The last known list price of this home is $559,900 and it was on the market with the current Realtor for less than two weeks (10 days). No seven-bedroom home in Damascus Md. gone to closing since August 22, 2009

If you or anyone you know would be interested in one of these homes, or looking for more detail on this set of homes, please get in contact with me.

Time is running short on the $8000 federal-tax credit, one must act soon.