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Audrey June-Forshey, GRI, Gaithersburg, MD

Glen Echo Park Partnership Holiday Art Show and Sale

I often have people ask me if I ever rode the Carousel at Glen Echo Park as a kid? Unfortunately I did not grow up here and never had the privilidge of riding the carousel. The carousel is the Dentzel Carousel built in 1921. The Park was formed back in 1891 and was used for Arts, science and literature mostly. In the early part of the 1900's it became an amusement park that most local Washingtonians grew up with until 1968.

The Federal Government took the land over as part of the park service, but in 2002 Montgomery County Maryland took the park back. It has been set up as a non profit organization and still today it remains true to the Arts, science and literature as started in 1891. The park sits perched above the Potomac River.

You can still ride the Dentzel Carousel. It opens in the Spring and runs through the fall. It is scheduled to open May 2, 2009.

Apart from the amusement park Glen Echo Park has so much to offer. From Mid November through January 2009 the Annual Holiday Art Show and Sale will be held in the Popcorn Gallery. The works featured will be from the artists in residence at Glen Echo Park. Admission is free.

Pop Corn Gallery Glen Echo Park Bethesda

In addition to the amusment park and the art gallery, there is a children's museum and gallery, the Spanish Dance Hall which had a complete renovation. You can reserve the dance hall for special occasions. There are classes you can sign up for in pottery, glass making, you name it you can fill your art indulgence to your hearts content. Glen Echo Calendar of Events.

Many Washingtonians have kept Glen Echo Park memories in their hearts from their childhood years and now they can continue the tradition with their families through their adult years.

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Market Statistics Germantown Maryland, 20876 September 2008

The 20876 section of Germantown is smaller than 20874 so the volume numbers are typically smaller. There were a total of 18 sales in Septmeber. The dollar volume is down from last year at this time about 10%. The average sales price is down by 25%.

The interesting part is that the percentage of contract price is almost the same. It is 94% this year and was 95% last year.

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

ZIP Code: 20876 Germantown, MD
From: 09/01/2008 to 09/30/2008 Statistics generated on: 10/08/2008

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

1

1

1 -30 Days

6

$100,000 - 149,999

0

0

0

0

0

0

2

0

31-60 Days

4

$150,000 - 199,999

0

1

0

0

0

25

8

0

61 - 90 Days

2

$200,000 - 249,999

0

3

0

2

0

27

21

0

91-120 Days

2

$250,000 - 299,999

0

2

0

0

0

20

5

0

Over 120 Days

4

$300,000 - 349,999

0

3

0

1

0

19

6

0

Total

18

$350,000 - 399,999

0

1

1

0

0

17

1

0

$400,000 - 449,999

0

0

0

0

0

5

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

0

2

0

0

15

0

0

$500,000 - 599,999

0

0

2

0

0

17

0

0

Conventional

7

$600,000 - 699,999

0

0

0

0

0

12

0

0

FHA

10

$700,000 - 799,999

0

0

0

0

0

1

0

0

VA

0

$800,000 - 899,999

0

0

0

0

0

1

0

0

Assumption

0

$900,000 - 999,999

0

0

0

0

0

2

0

0

Cash

0

$1,000,000 - 2,499,999

0

0

0

0

0

2

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

1

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

0

10

5

3

0

163

44

1

Total

18

Grand Totals

18 208
2008 2007 % Change
Total Sold Dollar Volume: $ 6,028,400 $ 6,712,000 - 10.18 %
Average Sold Price: $ 334,911 $ 447,467 - 25.15 %
Median Sold Price: $ 316,000 $ 425,000 - 25.65 %
Total Units Sold: 18 15 20.00 %
Average Days on Market: 79 94 - 15.96 %
Average List Price for Solds: $ 355,528 $ 469,210 - 24.23 %
Avg Sale Price as a
percentage of Avg List Price:
94.20 % 95.37 %
Total NEW listings: 41
Total Properties Marked Contract: 15
Total Properties Marked Contingent Contract: 19
Total NEW pendings (Contracts + Contingents): 34

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.


Market Statistics Germantown Maryland 20874, September 2008

These are the statistics from the sales information the agents provide to MRIS. As you can see 76 homes sold during September. The good news is those numbers are up over 53% in dollar volume from the same time last year. The average sold price is down from $329,000 to $306,000.

The average days on the market is higher for 2008, it went from 67 days on average to 97.

One of the most important numbers I think the consumer should pay attention to is what percentage of the asking price is to contract price. In 2007 sellers got 95.57% of their asking price as their contract price. Now in 2008, sellers are getting 91.91% in zip code 20874.

If you have any questions about this information, please do not hesitate to contact me at Audrey@audreyjune.com.

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

ZIP Code: 20874 Germantown, MD
From: 09/01/2008 to 09/30/2008 Statistics generated on: 10/08/2008

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

22

$100,000 - 149,999

0

0

0

0

0

3

2

0

31-60 Days

11

$150,000 - 199,999

6

1

1

5

0

36

27

0

61 - 90 Days

10

$200,000 - 249,999

1

15

1

3

0

83

36

0

91-120 Days

10

$250,000 - 299,999

1

11

1

2

0

71

23

0

Over 120 Days

23

$300,000 - 349,999

1

9

0

0

0

44

7

0

Total

76

$350,000 - 399,999

0

2

4

1

0

38

2

0

$400,000 - 449,999

0

2

0

0

0

10

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

0

3

1

0

9

0

0

$500,000 - 599,999

0

0

2

0

0

22

0

0

Conventional

28

$600,000 - 699,999

0

0

2

0

0

8

0

0

FHA

40

$700,000 - 799,999

0

0

0

0

0

3

0

0

VA

1

$800,000 - 899,999

0

0

0

0

0

2

0

0

Assumption

5

$900,000 - 999,999

0

0

0

0

0

0

0

0

Cash

1

$1,000,000 - 2,499,999

0

0

1

0

0

19

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

1

0

0

All Other

1

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

9

40

15

12

0

349

97

0

Total

76

Grand Totals

76 446
2008 2007 % Change
Total Sold Dollar Volume: $ 23,295,190 $ 15,177,400 53.49 %
Average Sold Price: $ 306,516 $ 329,943 - 7.10 %
Median Sold Price: $ 261,000 $ 309,000 - 15.53 %
Total Units Sold: 76 46 65.22 %
Average Days on Market: 97 67 44.78 %
Average List Price for Solds: $ 333,494 $ 345,254 - 3.41 %
Avg Sale Price as a
percentage of Avg List Price:
91.91 % 95.57 %
Total NEW listings: 96
Total Properties Marked Contract: 45
Total Properties Marked Contingent Contract: 25
Total NEW pendings (Contracts + Contingents): 70

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.


Home Sales Statistics For Zip Code 20878 September 2008

The following information is compiled from our sales provided to the MRIS system. You can see that a total of 60 units sold for the month. 18 of the properties sold within the first 30 days of being on the market.

The good news is the dollar volume for the month of September is up 48% from September of 2007. The average sales price is down from from $485,000 to $420,000. The other number I think is important for consumers to pay attention to is the percentage of the price sold to the price asked for a home. In 2007 sellers got almost 95% of the asking price as a contract price and in 2008 that is down to 92.55%

Please let me know if you have questions in regard to this information. You may contact me at Audrey@audreyjune.com or my office direct 301-921-2672 .

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

ZIP Code: 20878 Gaithersburg, MD
From: 09/01/2008 to 09/30/2008 Statistics generated on: 10/08/2008

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

18

$100,000 - 149,999

0

0

0

4

0

0

7

0

31-60 Days

8

$150,000 - 199,999

0

1

0

2

0

1

20

0

61 - 90 Days

4

$200,000 - 249,999

0

2

0

0

0

10

14

0

91-120 Days

5

$250,000 - 299,999

1

6

3

2

0

25

9

0

Over 120 Days

25

$300,000 - 349,999

0

5

1

1

0

23

10

0

Total

60

$350,000 - 399,999

0

2

4

1

0

19

7

0

$400,000 - 449,999

0

1

2

1

0

10

4

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

2

1

0

0

27

0

0

$500,000 - 599,999

0

3

6

0

0

48

1

0

Conventional

44

$600,000 - 699,999

0

0

2

0

0

25

1

0

FHA

11

$700,000 - 799,999

0

1

3

0

0

20

0

0

VA

0

$800,000 - 899,999

0

0

1

0

0

10

0

0

Assumption

2

$900,000 - 999,999

0

0

0

0

0

14

0

0

Cash

3

$1,000,000 - 2,499,999

0

0

2

0

0

15

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

1

23

25

11

0

247

73

0

Total

60

Grand Totals

60 320
2008 2007 % Change
Total Sold Dollar Volume: $ 25,254,632 $ 16,997,235 48.58 %
Average Sold Price: $ 420,911 $ 485,635 - 13.33 %
Median Sold Price: $ 350,000 $ 514,900 - 32.03 %
Total Units Sold: 60 35 71.43 %
Average Days on Market: 110 74 48.65 %
Average List Price for Solds: $ 454,793 $ 511,473 - 11.08 %
Avg Sale Price as a
percentage of Avg List Price:
92.55 % 94.95 %
Total NEW listings: 91
Total Properties Marked Contract: 26
Total Properties Marked Contingent Contract: 27
Total NEW pendings (Contracts + Contingents): 53

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Big Yard Sale

Yard Sale Saturday October 4th

8:00 to 2:00

15113 Water Oak Drive

Darnestown, MD 20878

301-938-8028 if you need directions.

Some furniture, rugs, lighting, small appliances,

housewares. Knick knacks, clothes, shoes,

purses, costume jewelry. Computer items,

printers, etc. Something for

everyone.

See you there!!

Rt 28 North, passed Quince Orchard, left on Chestnut Oak to Right on Water Oak, follow the signs to 15113.