Maryland Montgomery Homes for Sale

GAITHERSBURG MD REAL ESTATE MARKET REPORT FOR OCTOBER 2007-2008

GAITHERSBURG MD REAL ESTATE FOR SALE IS PRICED FROM ABOUT 11% TO 25% LOWER IN 2008 THAN HOMES SOLD IN OCTOBER 2007.  Many of the homes sold were bank owned and short sales. 

SOLD INFORMATION BELOW SHOWS THE PRICE REDUCTIONS FOR HOMES THROUGHOUT GAITHERSBURG, A VERY POPULAR TOWN IN MONTGOMERY COUNTY, MARYLAND.  See map below.

20886

• Average SOLD Price - October, 2008 - $245,793.
• Average SOLD Price - October, 2007 - $325,320.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 24.45%.

20877

• Average SOLD Price - October, 2008 - $274,667.
• Average SOLD Price - October, 2007 - $318,484.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 13.76%.

EXAMPLES OF HOMES FOR SALE IN GAITHERSBURG, MARYLAND.  To tour the homes below or any Gaithersburg homes for sale, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Property Details for listing # MC6750963

Price:  $359,900 City:  GAITHERSBURG Bedrooms:  3 Bathrooms:  2 full  1 half Type of Home:  Detached Style:  Split Foyer Year Built:  1978 Lot Acreage:  0.243916 Subdivision:  THE PLANTATIONS  County:  MONTGOMERY, MD  State, Zip:  MD, 20882  Status:  ACTIVE

Property Details for listing # MC6801230

Price:  $580,000 City:  GAITHERSBURG Bedrooms:  5 Bathrooms:  3 full  1 half Type of Home:  Detached Style:  Colonial Year Built:  2000 Lot Acreage:  0.248554 Subdivision:  SHARON WOODS  County:  MONTGOMERY, MD  State, Zip:  MD, 20879  Status:  ACTIVE

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

Visit our Montgomery County Real Estate web page. 

20882

• Average SOLD Price - October, 2008 - $566,768.
• Average SOLD Price - October, 2007 - $643,300.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 11.90%.

20878

• Average SOLD Price - October, 2008 - $505,979.
• Average SOLD Price - October, 2007 - $565,933.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 10.59%.

• Average SOLD Price - October, 2008 - $266,806.
• Average SOLD Price - October, 2007 - $340,806.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 21.55%.

20879

GAITHERSBURG MD REAL ESTATE FOR SALE IS PRICED FROM ABOUT 11% TO 25% LOWER IN 2008 THAN HOMES SOLD IN OCTOBER 2007.  Many of the homes sold were bank owned and short sales. 

SOLD INFORMATION BELOW SHOWS THE PRICE REDUCTIONS FOR HOMES THROUGHOUT GAITHERSBURG, A VERY POPULAR TOWN IN MONTGOMERY COUNTY, MARYLAND.  See map below.

20886

• Average SOLD Price - October, 2008 - $245,793.
• Average SOLD Price - October, 2007 - $325,320.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 24.45%.

20877

• Average SOLD Price - October, 2008 - $274,667.
• Average SOLD Price - October, 2007 - $318,484.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 13.76%.

EXAMPLES OF HOMES FOR SALE IN GAITHERSBURG, MARYLAND.  To tour the homes below or any Gaithersburg homes for sale, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Property Details for listing # MC6750963

Price:  $359,900 City:  GAITHERSBURG Bedrooms:  3 Bathrooms:  2 full  1 half Type of Home:  Detached Style:  Split Foyer Year Built:  1978 Lot Acreage:  0.243916 Subdivision:  THE PLANTATIONS  County:  MONTGOMERY, MD  State, Zip:  MD, 20882  Status:  ACTIVE

Property Details for listing # MC6801230

Price:  $580,000 City:  GAITHERSBURG Bedrooms:  5 Bathrooms:  3 full  1 half Type of Home:  Detached Style:  Colonial Year Built:  2000 Lot Acreage:  0.248554 Subdivision:  SHARON WOODS  County:  MONTGOMERY, MD  State, Zip:  MD, 20879  Status:  ACTIVE

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

Visit our Montgomery County Real Estate web page. 

20882

• Average SOLD Price - October, 2008 - $566,768.
• Average SOLD Price - October, 2007 - $643,300.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 11.90%.

20878

• Average SOLD Price - October, 2008 - $505,979.
• Average SOLD Price - October, 2007 - $565,933.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 10.59%.

• Average SOLD Price - October, 2008 - $266,806.
• Average SOLD Price - October, 2007 - $340,806.
• Average SOLD Price - October, 2007 - October, 2008 - DOWN 21.55%.

20879

POOLESVILLE MD REAL ESTATE - HOMES FOR SALE WITH 100% FINANCING, NO DOWN PAYMENT LOANS

POOLESVILLE MD REAL ESTATE INFORMATION, DEMOGRAPHICS, SCHOOL REPORT AND FINANCING.

POOLESVILLE HOMES FOR SALE, MONTGOMERY COUNTY, A LOVELY RURAL AREA.  Poolesville offers low density, rural countryside development with highly ranked public schools and beautiful views of the Catoctin and Blue Ridge Mountain Ranges. 

100% Financing for home buyers in Poolesville.  NO DOWN PAYMENT, Seller can pay closing. 

Homes in Poolesville offer generous square feet for the price and larger lots than most locations in Montgomery County real estate. 

Poolesville High School Report.

HOMES FOR SALE IN POOLESVILLE ELLIGIBLE FOR 100% FINANCING WITH NO DOWN PAYMENT. 

POOLESVILLE DEMOGRAPHICS

• Population - 5,500
• Average income for families with children - $108,000
• Land Area - 3.9 Sq. Miles
• Population Density - 1,403 for township.  Rural areas surround Poolesville
• Economic Growth - 1.1% (annualized over 5 years)
• Average Age - 34 years
• High School Graduates - 96%
• College Graduages - 51%
• Average commuting time - 40 minutes

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

WHAT MAKES OLD FARM SO PUPULAR?

Location:  Close to Rockville Metro Stations Twinbrook, White Flint and Rockville. Minutes from Route 270, Washington Beltway and Route 355.

Public School Cluster:  Click school name for comprehensive school profile and test scores. 

• Farmland Elementary School
• Tilden Middle School 
• Walter Johnson High School

Close to Shopping and Montgomery County Services.  Some of the shopping conveniences close to Old Farm include:

Balducci’s Food Lover’s Market - For fabulous fresh produce, wines, cheeses, deli, seafood and meats.

Montgomery Mall:  Nordstrom, Sears, Macy’s, Abercrombie, Old Navy, Borders Books and much more. 

SEE BELOW:  Old Farm community is located in southern Rockville on Tilden Lane between Old Georgetown Road and Montrose Road. 

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

ROCKVILLE, MD REAL ESTATE MARKET REPORT SEPTEMBER 2008, List vs. Sold Prices

LIST PRICE vs. CLOSED PRICE IN MONTGOMERY COUNTY, MD, Market Report SEPT, 2008 - Rockville.

Montgomery County Maryland real estate markets offer a market where negotiation is popular.  Home buyers often call asking “What is the lowest price the seller will take?” 

The only way to discover the lowest price is to make an offer and negotiate the price, terms and conditions until both sides believe that they have the best that they are going to get.  Negotiation is more than price in real estate in Montgomery County.  How quickly a buyer can close the sale is important for properties that are vacant.  Cash buyers can often get better prices because there will not always be a financing contingency.   Any contingency included in a contract offer deminishes the value of the offer. 

Contingencies often include but are not limited to:

• Financing
• Closing date
• Inspections
• Inclusions/Exclusions
• Earnest Money Amount/Payment
• HOA and Condo Documents
• Acceptance

ROCKVILLE MD CLOSED PRICES IN SEPT, 2008.

Communities in Rockville in the average price range include:  Manor Lake, Bel Pre, Manor Woods, West End Park, Halprin Village, Twinbrook, Hungerford, Aspen Hill, Weaton Woods, Rockwood, Sycamore Acres, Franklin Park, Brookehaven, Maryvale. 

EXAMPLES of SOLD prices in Montgomery County for Single Family Homes for September 2008.  The list below shows the list price AND the closed price.  The close price reflects the final list price and final closed price.

Examples of homes in the average sold price range:

List price vs. Sold Price Rockville MD September 2008

MARKET REPORT FOR ROCKVILLE ZIP CODE 20852.

• Average List Price all properties - $406,643
• Average Sold Price all properties - $375,754
• Average List to Sold price - 92.40%                         

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

HOME BUYERS in MONTGOMERY COUNTY, MARYLAND ARE WAITING FOR THE RIGHT TIME TO BUY. 

Home buyers want to know:  “Have home prices come down enough for buying to be a good idea?”

My first questions to prospective home buyers with questions about market timing are, “Are you looking for a home?  Or, are you an investment buyer?”  It makes a tremendous difference.   If a caller is an investment buyer, they will want to consider short term benefits before selling or renting.  If a caller is a buyer seeking a home for themselves or themselves and their family, then the real question is:

“ARE YOU BUYING A HOUSE??  OR, ARE YOU BUYING A HOME??”

If a buyer is trying to decide whether to buy or continue to rent, they will have to weigh the monthly benefits of paying monthly rent or paying a monthly mortgage payment.  Many additional factors influence the location for purchasing a home:

• Transportation Alternatives
• Public School Districts
• Shopping Convenience
• Community Amenities

Monthly gross payment to rent or buy, Rental - That number is going to be the actual rent for the apartment, town house or single family property.  There are few short term orlong term benefits or expenses to renting.  The lease is for a specific time or may be on a month to month basis.  Most rental units will hold a security deposit during the tenancy, but that money will be refunded if the property is left in good condition. 

The average cost to rent in Montgomery County is about $2,900 a month.   $2,900 monthly will purchase a home in the price range of about $480,000. 

EXAMPLES OF HOMES IN MONTGOMERY COUNTY IN PRICE RANGES COMPARABLE TO THE AVERAGE RENTAL.  Click the Adv Subdivision to see the full description.

HOMES IN MONTGOMERY COUNTY in the $475,000 TO $500,000 price range.

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

OLD FARM IN ROCKVILLE MARYLAND, ONE OF MONTGOMERY COUNTY’S MOST POPULAR AREAS. 

OLD FARMis one of the most popular communities in the southern Rockville real estate market.  Nothing but detached single family homes, all on ample home sites with an average lot size of about 11,500 square feet, just over 1/4 acre.   There are about 501 deeded homes in Old Farm.  Only 3-5 are offered for sale at any time.  A total of 9 homes have sold in Old Farm in 2008 at an average price of $777,467. 

OLD FARM is one of the wonderful communities of homes in Montgomery County that sell quickly.  The average list price for homes in Old Farm is about $785,000.  Homes in Old Farm are on the market only about 45 days before going under contract. 

Homes in Old Farm are about 45-48 years old, with classic floor plans, large kitchens and full basements built on lovely wooded lots with sidewalks.

WHAT MAKES OLD FARM SO PUPULAR?

Location:  Close to Rockville Metro Stations Twinbrook, White Flint and Rockville. Minutes from Route 270, Washington Beltway and Route 355.

Public School Cluster:  Click school name for comprehensive school profile and test scores. 

• Farmland Elementary School
• Tilden Middle School 
• Walter Johnson High School

Close to Shopping and Montgomery County Services.  Some of the shopping conveniences close to Old Farm include:

Balducci’s Food Lover’s Market - For fabulous fresh produce, wines, cheeses, deli, seafood and meats.

Montgomery Mall:  Nordstrom, Sears, Macy’s, Abercrombie, Old Navy, Borders Books and much more. 

SEE BELOW:  Old Farm community is located in southern Rockville on Tilden Lane between Old Georgetown Road and Montrose Road. 

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