North Potomac MD Real Estate Market Update

As of March 4, 2009 there are 46 homes for sale in North Potomac Md. Prices on these homes range from $289,900 to $1,665,000. Click here for detailed sales data for North Potomac MD real estate - including homes in zip codes 20878 and 20850 on my website.

Six homes are for sale in the neighborhoods of Dufief, Dufief Mill, Dufief Mill Brook, and Dufief Mill Estates. Another six homes are in Potomac Chase, another four are in Quince Orchard Knolls and another four are in Stonebridge.

Three of these homes have been on the market for more than a year, eight of the 46 have been on the market for six months to a year.

Since January 1 of this year, 15 properties have gone under contract: 4 in Stonebridge, 2 in Quince Haven, 2 in Potomac Ridge and 3 in Potomac Chase.

Only nine properties have settled since January 1 - one was a REO (bank owned) property and one was a short sale. In this same time period in 2008, 27 homes settled.

The latest statistics show there are five properties at auction and three properties in default in North Potomac. If you are interested in North Potomac foreclosures and short sales, call me at 301-910-9910.

Most of these neighborhoods have always had strong market values due to the excellent schools in the Wootton and Quince Orchard clusters and the great location. This area features Muddy Branch Park, a short drive to Rt 28 and major commuting routes, minutes to major shopping areas like Kentlands and the Washingtonian Center at Rio plus Johns Hopkins Research Campus (which is experiencing significant growth) and the Shady Grove Adventist complex.

I have buyers looking in the North Potomac area, so I know that the homes that have sold were ‘the cream of the crop' - I would characterize this market for home sellers as a ‘price war and a beauty contest'.

The spring market is about to begin, I have received inquiries from several potential sellers in the area. Let me know if you would like a free, no-obligation competitive market analysis for your North Potomac home.