Real Estate Blog - MONTGOMERY COUNTY, MD REAL ESTATE MARKET REPORT, SEPTEMBER 2007

Home : Blogs : Lenn Harley, Real Estate Broker, Maryland & Virginia : Lenn Harley, Broker, Homefinders.com in Maryland and Virginia

MONTGOMERY COUNTY, MD REAL ESTATE MARKET REPORT, SEPTEMBER 2007

Homes for Sale in Montgomery County are just the beginning of the real estate profile for Montgomery County, Maryland.

The Market in Montgomery County real estate shows a pattern.

SEPTEMBER 2007
Active Listings of Homes for Sale - 5,740 (October 3, 2007)

Montgomery County Maryland SOLD Report
Homes Under Contract - 76
Homes Sold with Kick/Out Contingency - 44
Homes Sold with NO Kick/Out Contingency - 345
Total SOLD (Settled) properties - 556

The Montgomery County real estate profile is not complete without the "unsold" report.
Expired Listings in September - 281
Withdrawn Listings - 635
Total unsold properties - 916

HOMES FOR SALE - Average Price

Bethesda - $1,1301,400
Brookeville - $930,503
Burtonsville - $423,612
Chevy Chase - $1,175,516
Damascus - $575,015
Derwood - $631,693
Gaithersberg - $446,823
Garrett Park - $713,333
Germantown - $391,861
Kensington - $643,875
Laytonsville - $1,284,121
Montgomery Village - $310,234
North Potomac - $659,183
Olney - $485,517
Potomac - $1,580,702
Rockville - $516,165
Silver Spring - $438,863

Home in Germantown md Home in Bethesda

Home in Germantown - $700,000 Home in Bethesda - $700,000

Homes in Bethesda, Maryland demand a high price per square foot because of the location and popular schools.

Courtesy: Homefinders.com

Lenn Harley, Homefinders.com, 800-711-7988

montgomery county real estate, montgomery county homes for sale

Posted by Lenn Harley, Real Estate Broker, Maryland & Virginia on 10/03/2007 07:50 PM

Comments (4)

montgomery county real estate, montgomery county homes for sale

This post has been included in Maryland Information Montgomery County, MD Information

4 Comments on MONTGOMERY COUNTY, MD REAL ESTATE MARKET REPORT, SEPTEMBER 2007

OCT

2007

Lenn, my old stomping grounds. I have a question though; what is a 'kick out' contingency? I'll take the home in Bethesda.

Carole.

The Kick-Out contingency is a contingency is usually used when the buyer has a home to sell. Settlement is "contingent" on the sale of the buyers' existing home.

If another buyer comes in, the seller can give the buyer "24, 72, etc. hours to remove the contingency or the seller can "kick them out" and take another contract.

The house in Bethesda is the one I sold in 2005 when I purchased my new one in VA.

Thanks Lenn, we call that our 48 hour contingency, so now I get it! I'd say you have wonderful taste in personal properties!

Carole.

That property was very interesting. I purchased it in 2003 for $363,400 and sold it in 2005 for $700,000.

My sons and I remodeled the interior and redid the exterior. It was an adventure. But, as soon as it was finished I sold it right away. Bethesda had just about reached the peak of pricing and I knew it.

So, I built a new home in Virginia which promply went into the dumps like everything else in this market.

Can't complain. I love my house.

This blog does not allow anonymous comments