“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home

POOLESVILLE, MARYLAND REAL ESTATE TREND INDICATOR

POOLESVILLE, MARYLAND 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 October with the same month last year. There were 9 new listings in the area and 4 listings went to pending new contracts. There were 5 actual settlements as compared to 1 home sold last year. The total sold dollar volume was up 242.94%. The average number of days on the market was down to 90 from 108 days last year. The average sale price was 91.06% of the average list price. 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. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking 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: 20837 Poolesville, MD From: 10/01/2008 to 10/31/2008 Statistics generated on: 11/06/2008

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 3
$100,000 - 149,999 0 1 0 0 0 0 0 0 31-60 Days 0
$150,000 - 199,999 0 2 0 0 0 2 0 0 61 - 90 Days 0
$200,000 - 249,999 0 0 0 0 0 5 0 0 91-120 Days 0
$250,000 - 299,999 0 0 0 0 0 3 0 0 Over 120 Days 2
$300,000 - 349,999 0 0 1 0 0 2 0 0 Total 5
$350,000 - 399,999 0 0 0 0 0 4 0 0
$400,000 - 449,999 0 0 0 0 0 7 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 3 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 3 0 0 FHA 0
$700,000 - 799,999 0 0 1 0 0 3 0 0 VA 0
$800,000 - 899,999 0 0 0 0 0 1 0 0 Assumption 1
$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 0 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 2 0 0 All Other 1
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 3 2 0 0 39 0 0 Total 5
Grand Totals 5 39
2008 2007 % Change
Total Sold Dollar Volume: $ 1,542,875 $ 449,900 242.94 %
Average Sold Price: $ 308,575 $ 449,900 - 31.41 %
Median Sold Price: $ 197,875 $ 449,900 - 56.02 %
Total Units Sold: 5 1 400.00 %
Average Days on Market: 90 108 - 16.67 %
Average List Price for Solds: $ 338,880 $ 449,900 - 24.68 %
Avg Sale Price as a
percentage of Avg List Price:		 91.06 % 100.00 %
Total NEW listings: 9
Total Properties Marked Contract: 3
Total Properties Marked Contingent Contract: 1
Total NEW pendings (Contracts + Contingents): 4

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. roykelley@mris.com

Posted Monday Nov 10