GAITHERSBURG, MD 20878, KENTLANDS, LAKELANDS, NORTH POTOMAC ZIP CODE STATISTICS  

Since we live in Kentlands and do a lot of business in zip code 20878, the real estate statistics in this area have a high level of personal interest. There were 281 homes listed for sale on MRIS during the past month. 87 new listings were added to the inventory and 80 properties went to pending contracts. 81 went to settlement during the month as compared with 50 settlements during the same month last year.  The sold dollar volume was up 68.96% from last year. The average sold price was $485,579 and the median sold price was $480,000, up 8.78% from last year. The average days on the market was 86 as compared to 78 last year. The average sale price was 93.66% of the average list price. It is a wonderful market for first time home buyers. The situation is fine for those that are moving up in price range since the more expensive homes are selling at even greater discounts from the previous very hot market.    

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website (Homes Prospector):  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

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

ZIP Code: 20878 Gaithersburg, MD
From: 07/01/2009 to 07/31/2009                Statistics generated on: 08/06/2009

  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 3 0 0 4 0 1 -30 Days 38
$100,000 - 149,999 0 0 0 1 0 1 16 0 31-60 Days 12
$150,000 - 199,999 0 0 0 1 0 4 6 0 61 - 90 Days 10
$200,000 - 249,999 1 2 0 4 0 7 8 0 91-120 Days 2
$250,000 - 299,999 0 3 0 2 0 20 13 0 Over 120 Days 19
$300,000 - 349,999 0 2 0 3 0 17 11 0 Total 81
$350,000 - 399,999 0 3 0 2 0 11 12 0  
$400,000 - 449,999 0 1 4 1 0 16 6 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 4 5 0 0 19 3 0
$500,000 - 599,999 0 4 12 0 0 37 0 0 Conventional 45
$600,000 - 699,999 0 3 11 0 0 19 0 0 FHA 24
$700,000 - 799,999 0 0 5 0 0 10 0 0 VA 4
$800,000 - 899,999 0 0 0 0 1 10 0 0 Assumption 0
$900,000 - 999,999 0 0 2 0 0 13 0 0 Cash 8
$1,000,000 - 2,499,999 0 0 1 0 0 18 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 22 40 17 1 202 79 0 Total 81
Grand Totals 81 281    
    2009   2008   % Change
Total Sold Dollar Volume: $ 39,331,888 $ 23,278,387 68.96 %
Average Sold Price: $ 485,579 $ 465,568 4.30 %
Median Sold Price: $ 480,000 $ 441,250 8.78 %
Total Units Sold: 81 50 62.00 %
Average Days on Market: 86 78 10.26 %
Average List Price for Solds: $ 518,454 $ 504,895 2.69 %
Avg Sale Price as a
percentage of Avg List Price:		 93.66 % 92.21 %  
Total NEW listings: 87
Total Properties Marked Contract: 27
Total Properties Marked Contingent Contract: 53
Total NEW pendings (Contracts + Contingents): 80

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.

Your Real Estate Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   Client Assistance:  301-670-8996

Email: roykelley@mris.com Main Office:  301-258-7757 x 569

Home Search Website: www.roykelley.com Visit Homes Prospector to view all available listings on MRIS.

Blog:  http://activerain.com/blogs/roykelley  

Meet with me on Twitter:  http://twitter.com/roykelley  Links to our posts appear on Twitter and Facebook.

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties.

Your Real Estate Professional in Maryland,

Roy Kelley

Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group
6 Montgomery Village Ave., Suite 200
Gaithersburg, MD 20879 
 
Client Assistance:  301-670-8996

Direct: 301-921-4569 
Fax: 301-921-4586  Main Office:  301-258-7757 x 569
Email: roykelley@mris.com  Home Search Website: www.roykelley.com 

Follow me on Twitter:  http://twitter.com/roykelley  

Recipient of the RE/MAX International Lifetime Achievement Award - 2008

 

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Roy Kelley

Gaithersburg, MD

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RE/MAX Realty Group

Address: 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

Office Phone: (301) 921-4569

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Roy Kelley advises home buyers and sellers in the Maryland suburbs of Washington DC and nearby counties. REO and foreclosures sales. Market area includes Montgomery County, Frederick County, Washington County and Prince George's County.


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