THE POTOMAC MARYLAND REAL ESTATE MARKET IS STABLE AND IN DEMAND.

THE POTOMAC MARYLAND REAL ESTATE MARKET IS STABLE AND IN DEMAND.

Potomac Maryland real estate is a luxury home market nestled along the Potomac River, just outside the Washington Beltway and an easy commute to business areas of Washington, D.C., Rockville (Montgomery County Seat), Bethesda, and Northern Virginia in McLean and Vienna.

Some facts about the Potomac real estate market.

• The average list price for all homes for sale in Potomac in September 2009 was $1,211,822.
• The average list price for a single family home in Potomac on October 15, is $2,012,469.
• The average list price for a town home (fee simple) in Potomac on October 15, is $964,425.
• The average list price for a condominium owned property in Potomac on October 15, is $624,174.
• The average SOLD price for all properties in Potomac in September 2009 was $1,032,040.
• The average SOLD price for single family homes (detached) in September 2009 was $1,235,568.
• The average SOLD price for town homes in Potomac in September 2009 was $693,167.
• No condominium homes SOLD in September 2009.
• Home prices SOLD in September 2009 for 6.26% MORE than for the same period in 2008.
• The average time on the market for homes SOLD in September 2009 was 115 days.

Resale homes in Avenel like the one shown sell for about $3,000,000.

Home in Potomac Sold in 2005 for $5,000,000. Listed for sale for $5,395,000

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.

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