GAITHERSBURG MD REAL ESTATE MARKET REPORT FOR OCTOBER 2007-2008

GAITHERSBURG MD REAL ESTATE FOR SALE IS PRICED FROM ABOUT 11% TO 25% LOWER IN 2008 THAN HOMES SOLD IN OCTOBER 2007. Many of the homes sold were bank owned and short sales.

SOLD INFORMATION BELOW SHOWS THE PRICE REDUCTIONS FOR HOMES THROUGHOUT GAITHERSBURG, A VERY POPULAR TOWN IN MONTGOMERY COUNTY, MARYLAND. See map below.

20886

• Average SOLD Price - October, 2008 - $245,793.
• Average SOLD Price - October, 2007 - $325,320.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 24.45%.

20877

• Average SOLD Price - October, 2008 - $266,806.
• Average SOLD Price - October, 2007 - $340,806.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 21.55%.

20879

• Average SOLD Price - October, 2008 - $274,667.
• Average SOLD Price - October, 2007 - $318,484.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 13.76%.

20878

• Average SOLD Price - October, 2008 - $505,979.
• Average SOLD Price - October, 2007 - $565,933.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 10.59%.

20882

• Average SOLD Price - October, 2008 - $566,768.
• Average SOLD Price - October, 2007 - $643,300.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 11.90%.

EXAMPLES OF HOMES FOR SALE IN GAITHERSBURG, MARYLAND. To tour the homes below or any Gaithersburg homes for sale, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Property Details for listing # MC6750963

Price: $359,900 City: GAITHERSBURG Bedrooms: 3 Bathrooms: 2 full 1 half Type of Home: Detached Style: Split Foyer Year Built: 1978 Lot Acreage: 0.243916 Subdivision: THE PLANTATIONS County: MONTGOMERY, MD State, Zip: MD, 20882 Status: ACTIVE

Descriptions

Comments: Super plantations community. Former model home. Remodeled kitchen w/silestone counters. Kitchen bay window and Breakfast area. New carpeting, florida/sun-room with high ceilings and fan. Level fenced lot. Heat pump 2000. Replaced all thermal windows. Roof 10 years. Vinyl siding. Home warranty.Bathrooms updated. A pleasure to show.Just bring your furniture!! Listing Office: Weichert, REALTORS

Property Details for listing # MC6801230

Price: $580,000 City: GAITHERSBURG Bedrooms: 5 Bathrooms: 3 full 1 half Type of Home: Detached Style: Colonial Year Built: 2000 Lot Acreage: 0.248554 Subdivision: SHARON WOODS County: MONTGOMERY, MD State, Zip: MD, 20879 Status: ACTIVE

Descriptions

Comments: Great location!!!!Gorgeous home, beautiful hardwood floors, granite counter top, maple cabinets. Upgraded baths, beautiful deck. Walk out entertaining sun room. Close to shopping centers. Near 270. You must seet it!!! Listing Office: Exit Realty Enterprises

Courtesy, Lenn Harley, Broker, Lenn Harley, Homefinders.com, 800-711-7988, E-Mail.

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