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Home POTOMAC, MARYLAND 20854 REAL ESTATE TREND ...

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 271 homes listed for sale on the multiple listing service (MRIS). There were 89 new listings in the area and 44 listings went to new pending contracts. There were 34 actual settlements as compared to 30 homes sold last year. The total sold dollar volume was up 20.43%. The average number of days on the market was 115 from 81 days last year. The average sale price was 85.16% of the average list price. The average sold price was $1,032,040. The median sold price was $853,500, up 14.74% 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.

There are 226 homes listed for sale in Zip Code 20854. Click the following URL to see the listings. Sort by column headers:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-91717869-721

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

ZIP Code: 20854 Potomac, 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 9
$100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 5
$150,000 - 199,999 0 0 0 0 0 0 0 0 61 - 90 Days 3
$200,000 - 249,999 0 0 0 0 0 0 0 0 91-120 Days 4
$250,000 - 299,999 0 0 0 0 0 0 1 0 Over 120 Days 13
$300,000 - 349,999 0 0 0 0 0 0 0 0 Total 34
$350,000 - 399,999 0 0 0 0 0 0 2 0
$400,000 - 449,999 0 1 1 0 0 1 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 1 0 0 4 0 0
$500,000 - 599,999 0 1 3 0 0 16 0 0 Conventional 29
$600,000 - 699,999 0 1 2 0 0 11 1 0 FHA 1
$700,000 - 799,999 0 0 2 0 0 22 1 0 VA 0
$800,000 - 899,999 0 0 2 0 0 19 1 0 Assumption 0
$900,000 - 999,999 0 0 3 0 0 9 2 0 Cash 4
$1,000,000 - 2,499,999 0 0 17 0 0 134 2 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 36 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 9 0 0 Unreported 0
Totals 0 3 31 0 0 261 10 0 Total 34
Grand Totals 34 271
2009 2008 % Change
Total Sold Dollar Volume: $ 35,089,350 $ 29,136,000 20.43 %
Average Sold Price: $ 1,032,040 $ 971,200 6.26 %
Median Sold Price: $ 979,325 $ 853,500 14.74 %
Total Units Sold: 34 30 13.33 %
Average Days on Market: 115 81 41.98 %
Average List Price for Solds: $ 1,211,822 $ 1,065,701 13.71 %
Avg Sale Price as a
percentage of Avg List Price:		 85.16 % 91.13 %
Total NEW listings: 89
Total Properties Marked Contract: 19
Total Properties Marked Contingent Contract: 25
Total NEW pendings (Contracts + Contingents): 44

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. We always welcome your referrals.

Posted Monday Oct 12