Germantown, MD 20874 Zip Code Home Sales Statistics - Average Sold Price $241,097

Germantown, MD 20874 Zip Code Home Sales Statistics - Average Sold Price $241,097

The following residential sales statistics are for the past month and are compared with the same month last year. There were 68 new listings of homes for sale and 148 homes for sale went to pending new contracts. The sold dollar volume for the zip code was down 31.52% from last year. The number of homes sold and settled was 38 from 58 last year. The average time on the market was 62 days from 66 days last year. The average sale price was 94.2% of the average list price. The average sold price was $241,097. The median sold price was $232,500.   

http://173.203.83.133/get_report.php?action=pdf&loc_type=5&loc_id=20874&time_period=201101

Please contact us if you wish to receive statistics for another zip code.

What is available by price range in zip code 20874?  210 homes are listed for sale.

There are 118 active listings if you exclude lender owned foreclosures and short sale pre-foreclosure listings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-133911869-774

27 lender owned foreclosures are on the market. Most of the investor purchases are REO listings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-133911710-203

65 short sale pre-foreclosures are currently being offered for sale.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-133911621-126

Mortgage Financing:  Pre-approval for financing is the first step in the home purchase process. Buyers, including investors, need to have a lender letter in hand when they submit an offer on a property. Buyers should be prepared to fully document their income and obligations. Ask us for a referral if you do not have an existing relationship with a mortgage lender.

The FHA loan limit for Montgomery County and Frederick County is $729,750.  FHA financing has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount. The limit for FHA reverse mortgages: $625,000.  Age 62+ seniors use reverse mortgages when they need to eliminate mortgage payments.

All of the available listings of homes for sale may be viewed on MRIS, the regional multiple listing service, on Homes Prospector at www.roykelley.com  

Please contact us with your questions on the residential real estate market. Buyers and sellers should understand the impact of short sale listings and REO properties.

Your referrals of friends and family members will always be appreciated.

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