Germantown MD Market Report Zip Code 20876

As of 1/31/2008 there were 41 condo/coop listings and 151 townhomes and single family homes for sale in the Germantown zip code of 20876, which includes the Brandermill, Fox Chapel, Middlebrook and Seneca Park communities.  There were only 4 condo/coops that sold and 9 townhomes or single families.  Compared to last year, total dollar volume in sales has decreased by 50%, but the average sold price has gone down just 4%.  There has been an increase in the number of days a home is on the market before it is sold - from 96 in January 2007 to 147 in January 2008.

Across Germantown, there is a large proportion of short sales - where the home is being sold for less than what the owner owes on the property.  Out of 687 properties for sale or under contract in all Germantown zip codes as of February 11, 97 are short sales, a whopping 14%.  In Zip 20876, there were 35 short sales either under contract or for sale.

Click here to see more detail on home sales in Germantown MD neighborhoods on my website.  If you don't see the neighborhood you are interested in, just give me a call at 301-910-9910.