Montgomery County MD Market Report February - March 2009 - 03/21/09 02:29 PM
The real estate market in Montgomery County continues to be dominated in many places by short sales and foreclosures.  Downcounty (Bethesda, Potomac, parts of Kensington, Chevy Chase) has fared better than upcounty areas.
These properties are pushing prices lower in the hard hit areas.  As of March 21, there are over 850 properties that are bank owned (REO).  I would characterize the present market as a price war and a beauty contest.  My homebuyers are uncertain about the future direction of home prices and the overall economy, so they are very cautious right now.
On the bright side, mortgage rates are … (0 comments)

Gaithersburg MD Real Estate Market Analysis - 03/13/09 02:16 PM
Compared to the same time last year, the number of Gaithersburg MD home sales in February 2009 has held steady overall with 61 properties sold (compared to 59 sold in February 2008).  The overall trend is that supply is down, there are fewer new listings coming on the market, REOs and foreclosures are up, and buyers are getting bargains.
There was quite a drop off in activity in zip code 20878 - decreasing from 34 to 25 properties sold, due partly to less inventory.  There was an increase in zip code 20877 neighborhoods from 11 to 24 properties sold, where inventory … (0 comments)

North Potomac MD Real Estate Market Update - 03/05/09 09:48 AM
As of March 4, 2009 there are 46 homes for sale in North Potomac Md.  Prices on these homes range from $289,900 to $1,665,000.  Click here for detailed sales data for North Potomac MD real estate - including homes in zip codes 20878 and 20850 on my website. 
Six homes are for sale in the neighborhoods of Dufief, Dufief Mill, Dufief Mill Brook, and Dufief Mill Estates.  Another six homes are in Potomac Chase, another four are in Quince Orchard Knolls and another four are in Stonebridge.
Three of these homes have been on the market for more than a year, eight of … (0 comments)

Clarksburg Home Offered for Sale - Exquisite Details and Totally Upgraded - 03/04/09 10:37 AM
This exquisitely detailed 5 bedroom, 4.5 bath Craftmark Westchester model is not even two years old and is being offered for less than the owner paid for it.  (This is not a short sale – you won’t have to wait for an answer to your offer.)  The owner added on a screened porch and Trex deck plus a flagstone patio with a fire pit.  You can see how great a value this home is by comparing it to other Clarksburg MD Real Estate listings.
The spacious open floor plan boasts over 7,480 square feet of living space, privately sited on an … (0 comments)

 
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Bob Myers, Montgomery County MD Real Estate

Rockville, MD

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Re/Max Realty Services

Address: 15020 Shady Grove Road, Suite 400, Rockville, MD, 20850

Office Phone: (240) 403-0400

Cell Phone: (301) 910-9910

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Real Estate News for Gaithersburg, Rockville, Germantown, North Potomac, Clarksburg, Potomac and other great communities in Montgomery County MD.



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