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GAITHERSBURG, MD 20878, KENTLANDS, LAKELANDS, NORTH POTOMAC ZIP CODE STATISTICS
If you own a home in zip code 20878 or wish to purchase in that area, you will want to know what is going on in the real estate market. There were 233 homes listed for sale on MRIS during the past month. 98 new listings were added to the inventory and 66 properties went to pending contracts. 76 went to settlement during the month as compared with 43 settlements during the same month last year. The sold dollar volume was up 63.07% from last year. The average sold price was $466,833 and the median sold price was $433,000, down 6.48% from last year. The average days on the market was 68 as compared to 98 last year. The average sale price was 94.27% of the average list price. It is a wonderful market for first time home buyers and move up home buyers.
There are 147 active listings of homes for sale in Zip Code 20878. Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-94385682-123
Do you qualify for a tax credit? The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20878 Gaithersburg, MD
From: 10/01/2009 to 10/31/2009 Statistics generated on: 11/09/2009
| |
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 |
1 |
0 |
0 |
4 |
0 |
1 -30 Days |
34 |
| $100,000 - 149,999 |
0 |
0 |
0 |
2 |
0 |
1 |
10 |
0 |
31-60 Days |
16 |
| $150,000 - 199,999 |
0 |
2 |
0 |
0 |
0 |
2 |
7 |
0 |
61 - 90 Days |
9 |
| $200,000 - 249,999 |
0 |
5 |
0 |
3 |
0 |
6 |
7 |
0 |
91-120 Days |
6 |
| $250,000 - 299,999 |
0 |
2 |
0 |
3 |
0 |
18 |
9 |
0 |
Over 120 Days |
11 |
| $300,000 - 349,999 |
0 |
6 |
1 |
5 |
0 |
24 |
17 |
0 |
Total |
76 |
| $350,000 - 399,999 |
0 |
0 |
2 |
2 |
0 |
14 |
11 |
0 |
|
| $400,000 - 449,999 |
0 |
1 |
6 |
0 |
0 |
14 |
1 |
0 |
Type of Financing
of Units Sold
(No. of Units) |
| $450,000 - 499,999 |
0 |
4 |
3 |
0 |
0 |
11 |
0 |
0 |
| $500,000 - 599,999 |
0 |
2 |
5 |
0 |
0 |
24 |
0 |
0 |
Conventional |
43 |
| $600,000 - 699,999 |
0 |
1 |
9 |
0 |
0 |
17 |
0 |
0 |
FHA |
19 |
| $700,000 - 799,999 |
0 |
0 |
4 |
0 |
0 |
12 |
0 |
0 |
VA |
4 |
| $800,000 - 899,999 |
0 |
0 |
2 |
0 |
0 |
7 |
0 |
0 |
Assumption |
2 |
| $900,000 - 999,999 |
0 |
0 |
4 |
0 |
0 |
6 |
0 |
0 |
Cash |
7 |
| $1,000,000 - 2,499,999 |
0 |
0 |
1 |
0 |
0 |
11 |
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 |
23 |
37 |
16 |
0 |
167 |
66 |
0 |
Total |
76 |
| Grand Totals |
76 |
233 |
|
|
| |
2009 |
2008 |
% Change |
| Total Sold Dollar Volume: |
$ 35,479,290 |
$ 21,757,100 |
63.07 % |
| Average Sold Price: |
$ 466,833 |
$ 505,979 |
- 7.74 % |
| Median Sold Price: |
$ 433,000 |
$ 463,000 |
- 6.48 % |
| Total Units Sold: |
76 |
43 |
76.74 % |
| Average Days on Market: |
68 |
98 |
- 30.61 % |
| Average List Price for Solds: |
$ 495,199 |
$ 547,570 |
- 9.56 % |
Avg Sale Price as a
percentage of Avg List Price: |
94.27 % |
92.40 % |
|
|
| Total NEW listings: |
98 |
| Total Properties Marked Contract: |
30 |
| Total Properties Marked Contingent Contract: |
36 |
| Total NEW pendings (Contracts + Contingents): |
66 |
|
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. 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 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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