Winning With Undervalued Luxury Real Estate In Potomac, MD 20854

www.MarylandLuxuryGroup.com http://www.marylandluxurygroup.com Get Market Insider Data for Potomac, MD 20854 Introducing Market Insider, the FREE report that gives you valuable, customized, and up-to-date information on real estate trends in your local communities. Whether you're buying or selling a home, you'll have access to the data you need to make informed decisions in this ever-changing market. Create a customized Market Insider report on the areas you care about most, and then sign up to receive FREE monthly updates. Market Insider provides home listing and sale prices, community demographics, school ratings, side-by-side neighborhood comparisons, and more! Whether you are looking to sell and want local market data, or are thinking about buying and want to explore different homes and neighborhoods, here is a great resource for you! For more information, and to discuss how to interpret this data for your situation, please reply by email or call! View Market Insider Market Insider's Powerful Resources for Buyers and Sellers Market Insider offers a wealth of current information to help you make the best real estate decisions. Local real estate market data including current listings and recent sales Easy-to-use charts that clarify local price and market inventory trends Side-by-side comparisons of areas by zip code Maps, charts, and valuable insight into specific neighborhoods using income by household, criminal activity, education levels attained, and weather risks Neighborhood points of interest including shopping, restaurants, and healthcare services School district summary information and a map/grid of individual schools for your zip code Tips to help you better understand the factors that impact the real estate market Become a "Market Insider" today! Best regards, Aaron Rice View Market Insider Aaron Rice Keller Williams Realty Baltimore 2936 O'Donnell St. Baltimore, MD 21224 410-342-4444 (Office) 443-244-0051 (Cell) CONTACT BY EMAIL Each Office is Independently Owned and Operated ©2011 - 2012 Imprev, Inc. RealtyTrac recently introduced a new foreclosure map search interface, allowing users to more easily display only the types of foreclosures, for-sale and recently sold properties they want on the search map.

• • SHORT SALE

    8624 CHATEAU DR

    POTOMAC, MD 20854

    $1,675,000

    • 10 bds
    • 13 ba
    • 7297 sq ft
    • Status: Active
    • Listing #: MC7368895

    Spectacular Estate over 2 wooded acres.Situated on a quiet cul-de-sac w/custom brick paver drive,prkg for 30 cars,hwd flrs 2 lev,gourmet kitchen w/vik...Listing courtesy of Rose Realty Group, Inc.
  • SHORT SALE

    11109 SMOKEY QUARTZ LN

    POTOMAC, MD 20854

    $1,450,000

    • 7 bds
    • 9 ba
    • 7222 sq ft
    • Status: Active
    • Listing #: MC7699813

    Fabulous all brick home with 5 bedrooms upstairs with 5 attached full baths. Two lower level bedrooms with 2 attached full baths! Great main level wit...Listing courtesy of W.C. & A.N. Miller, Realtors, A Long & Foster Co.

  

  • You may have read or heard in the news that home values have tanked, unemployment has spiked and homeownership has taken a turn for the worse.
  • Millions feel stuck in a home they can't afford to sell because they owe more on their mortgage than the home is worth. And for many, the mortgage payment is no longer manageable, so they are slipping farther and farther behind every month.
    At the same time, scam artists are coming up with new schemes to take advantage of homeowners who are down on their luck.
    As a Certified Distressed Property Expert (CDPE) my mission is to help homeowners to steer clear of scams and figure out the best option based on their circumstances. The fact is, no one wants to see you foreclose on your home, and more help is available than ever before.
    If anyone you know may need my expertise, please have them visit my website www.MarylandLuxurySolutions.com for a copy of my recent report entitled, "Are You Living Under the Cloud of an Unmanageable Mortgage?"
    And then contact me for a confidential consultation.
    Aaron Rice, aaron@marylandluxurygroup.com or 443-244-0051
    I invite you to visit my website for more information and please feel free to pass one of my enclosed business cards to someone you know who could benefit from a confidential consultation.
    All my best to you in 2012,
    Aaron Rice, CDPE
    Keller Williams Realty Baltimore
  • SHORT SALE

    12506 STONEY CREEK RD

    POTOMAC, MD 20854

    $999,000

    • 5 bds
    • 4 ba
    • 3249 sq ft
    • Status: Active
    • Listing #: MC7613765

    INVESTORS OPPORTUNITY!!! Up to date magnificent home, well kept by fabulous tenants under lease until 12/31/2012. Treed lot, circular drive on 2.4 a...Listing courtesy of Long & Foster Real Estate, Inc.
  • SHORT SALE

    7550 CODDLE HARBOR LN

    POTOMAC, MD 20854

    $499,900

    • 3 bds
    • 4 ba
    • 1540 sq ft
    • Status: Active
    • Listing #: MC7695794

    Renovated townhome with close-in Potomac location. Gorgeous hardwood under main level carpet . Walk to shopping, close to transportation. Three finish...Listing courtesy of Long & Foster Real Estate, Inc.
• FORECLOSURE

  9416 COPENHAVER DR

  POTOMAC, MD 20854

  $599,900

  • 4 bds
  • 3 ba
  • 1988 sq ft
  • Status: Active
  • Listing #: MC7652394

  Huge 4 bedroom rambler in Potomac! Granite countertops in kitchen & large fireplace in family room. Living room exits through double doors to great ...Listing courtesy of Rosselle Realty Services

  
  
• FORECLOSURE

  7916 STABLE WAY

  POTOMAC, MD 20854

  $275,000

  • 2 bds
  • 1 ba
  • 937 sq ft
  • Status: Active
  • Listing #: MC7757933

  This charming two-level 2 BR/1 BA condominium is one of only 12 townhouse-style residences in River Falls. 15 min. to Bethesda, Tysons & D.C! Over 900...Listing courtesy of Champion Homes Realty, LLC

My independent MRIS research shows that 4% of the current active luxury residential inventory ($500k and up) in Potomac, MD 20854 is distressed (short sale or bank owned).

• • 

    10501 CHAPEL RD

    POTOMAC, MD 20854

    $10,000,000

    • 9 bds
    • 16 ba
    • 16727 sq ft
    • Status: Active
    • Listing #: MC7663419

    Majestic manor is approx. 25,000SF & is a masterful blend of exquisite architecture, stunning apptments & luxurious amenities. Surrounded by mature tr...Listing courtesy of Washington Fine Properties LLC
  • 

    12514 PENNYFIELD LOCK RD

    POTOMAC, MD 20854

    $8,500,000

    • 5 bds
    • 4 ba
    • 2529 sq ft
    • Status: Active
    • Listing #: MC9001517

    See MC9001501 for accurate lot info .Rare 24 +/- acres in sought after loc. offers extraordinary opp for genuinely majestic res or potential for priv....Listing courtesy of Long & Foster Real Estate, Inc.

    There are currently 145 active listings on the market ($500k and up)in Potomac, MD 20854. Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market. The average day's on the market for these active properties is 210.

  • 

    9411 NEWBRIDGE DR

    POTOMAC, MD 20854

    $6,900,000

    • 7 bds
    • 12 ba
    • 0 sq ft
    • Status: Active
    • Listing #: MC7285623

    INCREDIBLE CUSTOM MASTERPIECE BY PREMIER BLDR DAVID NIROO. LIMESTONE ELEVATION WITH EUROPEAN VILLA DESIGN. MATERIALS, FINISHES & WORKMANSHIP RESERVED ...Listing courtesy of Long & Foster Real Estate, Inc.
  • 

    9210 FOX MEADOW

    POTOMAC, MD 20854

    $6,850,000

    • 7 bds
    • 10 ba
    • 13415 sq ft
    • Status: Active
    • Listing #: MC7736709

    INCREDIBLE MASTERPIECE WITH UNPARALLEL DESIGN, MATERIALS AND WORKMANSHIP. EXTRAORDINARY TWO STORY WOOD PANELED BARRELED CEILINGS IN GREAT ROOM AND MAS...Listing courtesy of Long & Foster Real Estate, Inc.

    There is currently 4.11 months of luxury inventory ($500k and up) on the market in Potomac, MD 20854. It's very important that sellers price the property correctly and competitively. Buyers are looking for value pricing and if sellers don't meet these expectations, they're property will be overpriced and overlooked.
  • 

    9009 CONGRESSIONAL CT

    POTOMAC, MD 20854

    $6,485,000

    • 8 bds
    • 10 ba
    • 12340 sq ft
    • Status: Active
    • Listing #: MC7737580

    NEW PRICE! $1.2M Reduction. Grand Southampton Estate set on 2.10 acres incl Carriage House w/ Apt, 50'x22' heated pool w/ spa & outdoor Family Rm. 19,...Listing courtesy of Washington Fine Properties LLC

HOMES FOR SALE in POTOMAC MARYLAND and SOLD MARKET REPORT for November 2011

MARKET STATISTICS FOR SOLD SINGLE FAMILY HOMES IN POTOMAC IN NOVEMBER.

Average List Price - $1,010,887
Average SOLD Price - $980,844
Average Bedrooms - 5
Average Baths - 4
Average Days on the Market - 76
Average Lot Size - 3/4 Acre
Average Age - 33
List/Sold Price - 97%

Vies ALL detached homes for sale in Potomac HERE.

Below are ALL single family homes sold in November 2011 in Potomac MD 20854

City	Address	ListPrice	ClosePrice	Subsidy
Potomac	12913 GLEN MILL RD	$465,000	$500,000	$0
Potomac	11305 GAINSBOROUGH RD	$549,000	$520,000	$5,000
Potomac	1435 LONGHILL DR	$570,000	$570,000	$0
Potomac	10601 UNITY LN	$595,000	$595,000	$0
Potomac	12025 SMOKETREE RD	$614,500	$585,000	$17,000
Potomac	11308 GAINSBOROUGH RD	$635,000	$605,000	$0
Potomac	10408 GREAT ARBOR DR	$679,000	$670,000	$0
Potomac	11136 POWDER HORN DR	$749,000	$720,000	$0
Potomac	10810 OLD COACH RD	$750,000	$750,000	$9,355
Potomac	8805 BELLS MILL RD	$759,500	$750,000	$10,000
Potomac	8714 HICKORY BEND TRL	$769,900	$735,000	$12,500
Potomac	1607 BLUE MEADOW RD	$775,000	$765,000	$1,125
Potomac	9029 MARSEILLE DR	$775,000	$686,000	$0
Potomac	11133 HURDLE HILL DR	$899,000	$865,000	$3,600
Potomac	9525 LOST TRAIL WAY	$899,000	$891,000	$4,000
Potomac	10130 GARY RD	$899,000	$899,000	$0
Potomac	11216 FALL RIVER CT	$975,000	$967,500	$3,000
Potomac	12201 MEADOW CREEK CT	$999,900	$900,000	$0
Potomac	13311 MORNING FIELD WAY	$1,049,000	$1,010,000	$0
Potomac	11509 LAKE POTOMAC DR	$1,195,000	$1,100,000	$0
Potomac	13616 CANAL VISTA CT	$1,295,000	$1,200,000	$1,000
Potomac	9800 GLYNSHIRE WAY	$1,339,000	$1,260,000	$0
Potomac	8801 POTOMAC STATION LN	$1,395,000	$1,307,000	$0
Potomac	8109 RIVER FALLS DR	$1,398,000	$1,385,000	$0
Potomac	11705 WINTERSET TER	$1,399,000	$1,400,000	$0
Potomac	8805 WATTS MINE TER	$1,475,000	$1,475,000	$0
Potomac	11008 PICASSO LN	$1,489,000	$1,489,000	$1,450
Potomac	9616 PINKNEY CT	$1,590,822	$1,590,822	$0
Potomac	11211 RIVER VIEW DR	$1,649,000	$1,600,000	$0
Potomac	7828 STABLE WAY	$1,695,000	$1,635,000	$0
		$30,326,622	$29,425,322

HOMES FOR SALE in POTOMAC MARYLAND and SOLD MARKET REPORT for November 2011

EXAMPLES OF HOMES FOR SALE IN POTOMAC IN THE AVERAGE PRICE RANGE.

Call Lenn to see
Lenn Harley, Broker
Homefinders.com
800-711-7988

Call Lenn to see
Lenn Harley, Broker
Homefinders.com
800-711-7988

HOMES FOR SALE in POTOMAC MARYLAND and SOLD MARKET REPORT for November 2011

HOMEFINDERS.COM MAP OF POTOMAC, MARYLAND

WE ARE BUYERS AGENTS IN MONTGOMERY COUNTY MARYLAND. WE KNOW MONTGOMERY COUNTY REAL ESTATE, NEW AND RESALES.

WHEN EXPERIENCE COUNTS, home buyers will enjoy our many years of serving home buyers in Northern Virginia for over 25 years. We provide buyers with . . .
* Comprehensive home searches,
* Personal tours of homes for sale,
* Comparative Market Analysis for homes under consideration,
* Experienced financial analysis to help you understand different loan opportunities,
* Personally manage home inspections, termite inspections, settlement meetings,
AND MUCH, MUCH MORE.

Lenn Harley, Broker, Homefinders.com, 800-711-7988

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How’s the Potomac Real Estate Market?

The Potomac real estate market is in good shape in zip code 20854 compared to last year at this time - the average sold price is down by less than 1%, the average days on market are less; and sellers are getting more of what they are asking - 95.3% of of the list price vs. 92.5% of last year's average list price.

What Has Sold?

In September, 25 single family homes, 1 condo and 7 town homes were sold. There were 2 short sales and no foreclosures in the 20854 zip code. The neighborhoods with the most homes sold were Potomac Crest and Fox Hills.

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.



What Is Happening with Home Prices?

The average condo sales price increased in September from August to $780K. Townhome prices also increased to $931,429. Single family homes sales saw a very slight dip from August to September to $1 million (see chart - mouse over for details). 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 Potomac.

The most expensive home sold was a mini estate, custom colonial in Camotop. There were 10 homes sold in the 20854 zip code for over $1 million.

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

Are Sellers Getting Their Asking Price in Potomac?

The chart below (mouse over for details) shows this year's trend for the proportion of original listing price a home seller is getting when they sell. This takes into account price reductions. This month's overall average is 95.3%, compared to last year's average of 92.5% and the overall county average that is 93.9%.



How Long Is it Taking to Sell a Home?

The average number of days it took a home to sell in September was 74, compared to 91 days last year. The overall county average last month was 77. You can see more market statistics in our Potomac Real Estate Market Trends Report.

Who is Buying?

Cash buyers in 20854 (often investors) in September represented 6% of sales. Overall in Montgomery County, cash buyers made up 16.79% of home sales.

What is For Sale?

Click on the map below to start your Potomac 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.