North Potomac, MD

A Sample of Really Nice Homes for sale for

North Potomac in Montgomery County - Maryland 20878

14509 HIGH MEADOW WAY,  NORTH POTOMAC,  MARYLAND 20878

Price: $1,150,000

FABULOUS CUSTOM BUILT BRICK COLONIAL HOME IN NORTH POTOMAC SET ON A SCENIC ...

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MLS# MC7754339

Bedrooms: 5

Bathrooms: 5

Partial Baths: 1

Acres: 1.07

12816 PILOTS LANDING WAY,  NORTH POTOMAC,  MARYLAND 20878

Price: $1,148,300

NEW on wooded cul-de-sac in Roberts Landing. 3 car gar Great room off kit. w/ wet bar.Screen porch. ...

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MLS# MC7650034

Bedrooms: 5

Bathrooms: 4

Partial Baths: 1

Acres: 1.7666

13201 SQUIRES CT,  NORTH POTOMAC,  MARYLAND 20878

Price: $1,100,000

Gorgeous house just for you. The seller asked for a minimum amount of showings during the holiday s ...

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MLS# MC7744795

Bedrooms: 5

Bathrooms: 3

Partial Baths: 1

Acres: 2.38

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About North Potomac Maryland schools

Childrens Towne Academy

12172 Hidden Brook Ter

North Potomac, MD 20878 (map)

Ph: (301) 349-5500

Private | Grades: PK-KG

Stone Mill Elementary

4323 Stonebridge View Dr

North Potomac, MD 20878-8000 (map)

Ph: (301) 279-4975

Public | Grades: PK-5

Travilah Elementary

13801 Dufief Mill Rd

North Potomac, MD 20878-3844 (map)

Ph: (301) 840-7153

Public | Grades: KG-5

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North Potomac Homes For Sale

How’s the Gaithersburg North Potomac Real Estate Market in 20878?

The Gaithersburg and North Potomac real estate market saw strong activity for August 2011. Fifty homes sold, 63 went under contract and the median price increased over this same time last year by almost 15%.

What Has Sold?

In August, 26 single family homes, 13 townhomes and 11 condos were sold. Of these, there was 1 short sale and 2 foreclosures, making distressed properties 6% of total sales in 20878. The neighborhoods with the most homes sold were Ancient Oak, Kentlands and Lakelands.

Do you want to stay up to date on what homes are selling for in your neighborhood? Then sign up for our Market Snapshot Report.

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What Is Happening with Home Prices?

The average sales price has seen some fluctuation in each of the home categories over the summer months, but generally has been steady (see chart). A change in the average sales price for one month is not necessarily an indication of a trend, it could just indicate that more homes were sold in a more or less expensive neighborhood of 20878.

The most expensive home that sold in 20878 in August was a single family home in Potomac Chase for just under $1 million.

You can see more details about home sales in our report on Gaithersburg Property Values and North Potomac Property Values.

Are Homes Getting their Asking Price?

Are sellers in 20878 getting their asking price? The chart below shows the percentage of asking price sellers are getting (this takes into account any previous price reductions). The August percentage is a little better than at this time last year.

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How Long Is it Taking to Sell a Home?

The average number of days it took a home to sell in August was 67, compared to last year’s 53 days on market. You can see more market statistics in our Gaithersburg Real Estate Market Trends Report and North Potomac Real Estate Market Trends Report.

Who is Buying?

Cash buyers in 20878 (usually investors) in August represented 6% of sales. Overall in Montgomery County, cash buyers made up 17.9% of home sales, so Gaithersburg 20878 is attracting investors at a lesser rate than the rest of Montgomery County.

What is For Sale?

Click on the map below to start your Gaithersburg home search, save your favorites, set up automatic emails, and receive alerts for properties that fit your criteria.



Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.

Median sales prices have risen, although there is almost a six month suppy of inventory. The day on market are similar around 40 days on the market. The inventory is down a bit but fairly steady. Fewer homes are selling but they are selling for more money. North Potomac is a great community and if you'd like to sell your home or are thinking about purchasing a home, please contact a member of our team and we'd be delighted to work with you to achive your goals.

According to the S&P/Case-Shiller Home Price Index, national home prices jumped 3.6% in the past year. Prices also climbed 4.4% in the second quarter compared with a 2.8% plunge in the first quarter.   "While the numbers are upbeat, other more recent data on home sales and mortgages point to fewer gains ahead," said David M. Blitzer, chairman of the Index Committee at Standard & Poor's.  Home prices across the country could be substantially lower a year from now, according to Pat Newport, an analyst with IHS Global Insight. "It's now apparent that the demand for housing is a lot weaker than anyone thought," he said.  That has resulted in a glut of inventory, which a slew of bank repossessions of foreclosed properties is only making worse.

Plus job gains are still proving elusive.  "These three factors are enough to bring home prices down," Newport said.  A market basket of 20 metro areas tracked by the S&P/Case-Shiller home price indexes showed that prices gained in all markets but one. The index is up 4.2% year-over-year, well above a 3.1% forecast from industry experts as compiled by Briefing.com. The month-over-month gain was 1%.  "Las Vegas was the only city to record a fall in prices during June (-0.6%), compared with a month earlier. All 19 other markets were either up or flat, with Chicago, Detroit and Minneapolis the biggest winners. Each gained 2.5%.  Fifteen of the 20 cities recorded 12-month price rises, with San Francisco leading the way. Its 14.3% increase was one of three cities posting double-digit gains, with San Diego prices jumping 11.2% and Minneapolis 10.7%.  Las Vegas had the biggest 12-month loss, down 5.2%.

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Rob & Jeannie Steward ~ Weichert, Realtors ~ 20400 Observation Dr, Ste 200 ~ Germantown, Maryland 20876 ~ Direct: (301) 213-7351 ~ Office: (301) 540-1330 x180 ~ Fax: (301) 601-0250 ~ E-Mail: Rob.Jeannie@gmail.com ~ www.HomesByRobandJeannie.com ~ We Work Twice As Hard For You!