Gaithersburg Homes For Sale

Gaithersburg Homes For Sale

Home buyers and home sellers are advised to know about the conditions of the present market that will drive their purchase and sale decisions. It is best not to rely upon the national real estate figures that are mentioned in the press.  The local area information is readily available from your real estate professional.

Today, in Montgomery County, Maryland, there are 2,539 homes actively listed for sale on the multiple listing service.  42 (1.02%) are lender owned foreclosures (REO).  306 (12.05%) are short sale pre-foreclosues.  A quick look at these figures leads us to the conclusion that the number of foreclosure offerings is not currently having a major impact on the overall market for Montgomery County.

On the other hand, short sale offerings are adversely influencing the market since a high percentage of them will never reach settlement.  Unrealistic pricing, sellers that are not prepared with the required documentation and lenders that are unwilling to accept offers are some of the reasons that many of the short sale listings end up in trustee sale auctions (foreclosure auctions at the court house steps).

Gaithersburg is in the heart of Montgomery County and is a preferred location for many families.  It is nice to find a debt free city when we read about the problems faced by so many communities.
There are 238 homes for sale in Gaithersburg.  If you exclude short sale and lender owned foreclosure listings, there are 188 active listings.  There are 4 lender owned foreclosures (REO) on the market and 46 short sale pre-foreclosures on the multiple listing service (MRIS).

188 Regular Listings in Gaithersburg

4 Lender Owned Foreclosures in Gaithersburg

46 Short Sale Offerings in Gaithersburg

Some are curious to know about the most expensive home for sale. The highest price in Gaithersburg award goes to the home at 15213 Buckeye Court, Quail Run, Gaithersburg, MD 20878.  You will see the details on this home when you go to the above links for all of the listings.

We are beginning to see shortages in the inventory in some price ranges.  If you are among those that deferred your sale because of the recent troubled market, you may wish to offer it for sale at this time.  Talk with your real estate professional about your neighborhood market before making your final decisions.

According to today's issue of The Washington Post, the Washington region home prices are 27 percent below the market peak.  Home buyers still have the availability of record low mortgage interest rates and very favorable prices.  However, buyers should anticipate multiple contract competition in preferred neighborhoods.  It is no longer the time for low ball offers.

We welcome your questions on the local market and will do our best to give you the advice that you need for the best decisions.

Our “Spring” weather has finally arrived and this weekend is the perfect time  to contact our office and have us tour your favorite neighborhoods and stop in a few “OPEN” houses toge