Germantown Real Estate News & Market Updates for the week of 10/17/2012
There are currently 134 Properties currently available in Germantown Maryland for Montgomery County in Maryland
Psst. . mortgages rates are at record lows
With mortgage rates at or near record lows and prices rolled back, we are puzzled finding buyers that are still waiting for the market to drop some more.. .well. you are in for a lonnnnng wait!
An inventory shortage has whipped up a feeding frenzy in our local market. .specially in the lower range properties. With bidding wars and price increases coming from apartment renters that are finding that mortgage payments are LOWER than their monthly rental bill. .is a no brainier!
As a broker, I ask myself if this pressure is justified?
Would most buyers be better served by waiting?
Absolutely not!
Check the chart below..
Year over Year (YoY) statistics are on the positive side in all aspects of the market today,
Everything points that the market is in the upswing!
Even the average Sold Price shows almost a 10% jump over last year. .That is good news if you are a seller. . .
The inventory declined to record lows in the last 12 months,if you are waiting to buy. . pay attention to this critical number
The number of LISTINGS!
Search All Germantown Homes For Sale here
The most expensive active home for sale in Germantown is:
$2,495,000
13301 MANOR STONE DRIVE, Germantown
"Greenheath" - a magnificent estate constructed by master builder Patrick Cullinane, available on 5 or 10 acres. Two story marble ...
- Beds 7
- Baths 10.0
- MLS MC7890379
- SqFt. 12,750
The least expensive active home for sale in Germantown is:
$97,000
12217 PEACH CREST DRIVE Unit #905-H, Germantown — The Knolls/N Lke
Well priced nice and bright 2nd flr unit only one flight up. Fresh paint and new carpet. Large master bedroom. Storage area in lau...
- Beds 2
- Baths 1.0
- MLS MC7938714
- SqFt. 888
Foreclosure active homes for sale in Germantown:
$167,000?
19712 TEAKWOOD CIRCLE Unit #70, Germantown — Willow Cove Mnr
lots of space in this 3 level townhome, master bedroom suite, 2 full baths, full size washer and dryer, not a short sale, quick re...
- Beds 3
- Baths 3.0
- MLS MC7869282
- SqFt. 1,374
$155,500
13232 WONDERLAND WAY Unit #384, Germantown — Farmingdale
Incredible valjue for this 3 bedroom end unit townhouse with walk out lower level and fireplace in rec room. Propert is sold in...
- Beds 3
- Baths 3.0
- MLS MC7947639
- SqFt. 1,140
Latest Listings in Germantown Maryland as of 10/17/2012
$2,495,000
13301 MANOR STONE DRIVE, Germantown
"Greenheath" - a magnificent estate constructed by master builder Patrick Cullinane, available on 5 or 10 acres. Two story marble ...
- Beds 7
- Baths 10.0
- MLS MC7890379
- SqFt. 12,750
$1,390,000?
15831 BERRYVILLE ROAD, Germantown
Price adjustment!! Welcome to the castle! All stone custom house w/castle-like exterior on 10 subdividable acres (5 acre zoning)....
- Beds 6
- Baths 5.0
- MLS MC7788283
$1,150,000?
14700 SENECA ROAD, Germantown
PRICE REDUCED...Serene retreat in Seneca, Maryland. Custom Built home on 5.5 acres of rolling land in one of the most beautiful ar...
- Beds 5
- Baths 5.0
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012
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Germantown Real Estate News & Market Updates for the week of 10/17/2012
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