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POTOMAC, MARYLAND 20854 REAL ESTATE TREND INDICATOR

POTOMAC, MARYLAND 20854 REAL ESTATE TREND INDICATOR

If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for past month with the same month last year. During the month, there were 251 homes listed for sale on the multiple listing service (MRIS). There were 54 new listings in the area and 42 listings went to new pending contracts. There were 65 actual settlements as compared to 37 homes sold last year. The total sold dollar volume was up 65.10%. The average number of days on the market was 104 from 63 days last year. The average sale price was 86.89% of the average list price. The average sold price was $942,012. The median sold price was $730,000, down 11.41% from last year. It is still a market which favors buyers. Buyers have the largest selection and the lowest prices that have been available for several years. This market is fine for move up buyers but may be difficult for home owners that wish to downsize.

Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20854 Potomac, MD
From: 08/01/2009 to 08/31/2009 Statistics generated on: 09/09/2009

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 25
$100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 8
$150,000 - 199,999 0 0 0 0 0 0 0 0 61 - 90 Days 9
$200,000 - 249,999 0 0 0 0 0 0 0 0 91-120 Days 6
$250,000 - 299,999 0 0 0 0 0 0 0 0 Over 120 Days 17
$300,000 - 349,999 0 0 0 0 0 0 0 0 Total 65
$350,000 - 399,999 0 2 0 0 0 0 1 0
$400,000 - 449,999 0 2 0 0 0 1 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 1 0 0 0 3 0 0
$500,000 - 599,999 0 6 6 0 0 13 0 0 Conventional 48
$600,000 - 699,999 1 5 5 0 0 10 1 0 FHA 6
$700,000 - 799,999 0 0 13 0 0 20 1 0 VA 1
$800,000 - 899,999 0 0 9 0 0 17 1 0 Assumption 0
$900,000 - 999,999 0 0 4 0 0 8 2 0 Cash 9
$1,000,000 - 2,499,999 0 0 9 0 0 131 2 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 1 0 0 30 0 0 All Other 1
$5,000,000 & Over 0 0 1 0 0 10 0 0 Unreported 0
Totals 1 16 48 0 0 243 8 0 Total 65
Grand Totals 65 251
2009 2008 % Change
Total Sold Dollar Volume: $ 61,230,774 $ 37,086,000 65.10 %
Average Sold Price: $ 942,012 $ 1,002,324 - 6.02 %
Median Sold Price: $ 730,000 $ 824,000 - 11.41 %
Total Units Sold: 65 37 75.68 %
Average Days on Market: 104 63 65.08 %
Average List Price for Solds: $ 1,084,150 $ 1,086,246 - 0.19 %
Avg Sale Price as a
percentage of Avg List Price:		 86.89 % 92.27 %
Total NEW listings: 54
Total Properties Marked Contract: 23
Total Properties Marked Contingent Contract: 19
Total NEW pendings (Contracts + Contingents): 42

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

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Posted Tuesday Sep 15