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Home POOLESVILLE MD 20837 REAL ESTATE TREND IND...

POOLESVILLE MD 20837 REAL ESTATE TREND INDICATOR

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
2009 2008 % Change
Total Sold Dollar Volume: $ 2,194,000 $ 2,218,900 - 1.12 %
Average Sold Price: $ 365,667 $ 554,725 - 34.08 %
Median Sold Price: $ 354,500 $ 569,450 - 37.75 %
Total Units Sold: 6 4 50.00 %
Average Days on Market: 175 158 10.76 %
Average List Price for Solds: $ 415,031 $ 601,040 - 30.95 %
Avg Sale Price as a
percentage of Avg List Price:		 88.11 % 92.29 %
Total NEW listings: 5
Total Properties Marked Contract: 4
Total Properties Marked Contingent Contract: 3
Total NEW pendings (Contracts + Contingents): 7

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.

Posted Tuesday Oct 13