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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 December with the same month last year. There were 7 new listings in the area and 1 listing went to pending new contracts. There were 4 actual settlements as compared to 1 home sold last year. The total sold dollar volume was up 142.48%. The median sold price was $290,000. The average number of days on the market was down to 45 from 118 days last year. The average sale price was 96.05% 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. First time home buyers have the benefit of the currently available $7,500 tax credit. 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: 12/01/2008 to 12/31/2008 Statistics generated on: 01/07/2009

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 2
$100,000 - 149,999 0 0 0 0 0 1 0 0 31-60 Days 1
$150,000 - 199,999 0 1 1 0 0 2 0 0 61 - 90 Days 0
$200,000 - 249,999 0 0 0 0 0 2 0 0 91-120 Days 1
$250,000 - 299,999 0 0 0 0 0 5 0 0 Over 120 Days 0
$300,000 - 349,999 0 0 0 0 0 3 0 0 Total 4
$350,000 - 399,999 0 0 0 0 0 5 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 3 0 0
$500,000 - 599,999 0 0 0 0 0 5 0 0 Conventional 3
$600,000 - 699,999 0 0 1 0 0 2 0 0 FHA 1
$700,000 - 799,999 0 0 0 0 0 2 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 2 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 1 3 0 0 39 0 0 Total 4
Grand Totals 4 39
2008 2007 % Change
Total Sold Dollar Volume: $ 1,370,000 $ 565,000 142.48 %
Average Sold Price: $ 342,500 $ 565,000 - 39.38 %
Median Sold Price: $ 290,000 $ 565,000 - 48.67 %
Total Units Sold: 4 1 300.00 %
Average Days on Market: 45 118 - 61.86 %
Average List Price for Solds: $ 356,595 $ 649,000 - 45.05 %
Avg Sale Price as a
percentage of Avg List Price:		 96.05 % 87.06 %
Total NEW listings: 7
Total Properties Marked Contract: 0
Total Properties Marked Contingent Contract: 1
Total NEW pendings (Contracts + Contingents): 1

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.

Posted Sunday Jan 11