Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format Montgomery County, MD Roy Kelley, Associate Broker, RE/MAX Realty Group Client Service: 301-670-8996; Email: roykelley@mris.com Home Search Website: http://www.roykelley.com/
From: 03/01/2008 to 03/31/2008 Statistics generated on: 04/08/2008 | | Residential
Unit Sales
Number of Bedrooms | Active Listings | | Time on Market | | Price Class | 2
Or Less |
3 | 4
or More | Condo
Coop | Ground
Rent | Residential
| Condo
Coop | Ground
Rent | of Units Sold
(No. of Units) | | Under $100,000 | 0 | 0 | 0 | 1 | 0 | 0 | 21 | 1 | 1 -30 Days | 158 | | $100,000 - 149,999 | 0 | 2 | 0 | 3 | 0 | 1 | 80 | 0 | 31-60 Days | 74 | | $150,000 - 199,999 | 1 | 3 | 1 | 14 | 0 | 61 | 292 | 0 | 61 - 90 Days | 50 | | $200,000 - 249,999 | 2 | 11 | 1 | 24 | 0 | 195 | 365 | 0 | 91-120 Days | 56 | | $250,000 - 299,999 | 5 | 23 | 7 | 30 | 0 | 447 | 282 | 0 | Over 120 Days | 224 | | $300,000 - 349,999 | 1 | 38 | 10 | 19 | 0 | 520 | 147 | 0 | Total | 562 | | $350,000 - 399,999 | 6 | 33 | 28 | 12 | 0 | 632 | 119 | 0 | | | | $400,000 - 449,999 | 3 | 17 | 29 | 5 | 0 | 492 | 48 | 0 | Type of Financing
of Units Sold
(No. of Units) | | $450,000 - 499,999 | 3 | 8 | 15 | 4 | 0 | 409 | 39 | 1 | | $500,000 - 599,999 | 0 | 16 | 36 | 8 | 0 | 526 | 52 | 0 | Conventional | 421 | | $600,000 - 699,999 | 0 | 8 | 31 | 3 | 0 | 337 | 19 | 0 | FHA | 50 | | $700,000 - 799,999 | 0 | 11 | 14 | 0 | 1 | 256 | 11 | 0 | VA | 9 | | $800,000 - 899,999 | 0 | 2 | 23 | 1 | 0 | 166 | 6 | 0 | Assumption | 40 | | $900,000 - 999,999 | 0 | 0 | 14 | 0 | 0 | 91 | 1 | 0 | Cash | 33 | | $1,000,000 - 2,499,999 | 0 | 0 | 34 | 0 | 0 | 469 | 22 | 0 | Owner Finance | 1 | | $2,500,000 - 4,999,999 | 0 | 0 | 1 | 0 | 0 | 66 | 2 | 0 | All Other | 8 | | $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | Unreported | 0 | | Totals | 21 | 172 | 244 | 124 | 1 | 4681 | 1506 | 2 | Total | 562 | | Grand Totals | 562 | 6189 | | |
| | 2008 | 2007 | % Change | | Total Sold Dollar Volume: | $ 287,477,094 | $ 481,111,969 | - 40.25 % | | Average Sold Price: | $ 511,525 | $ 520,684 | - 1.76 % | | Median Sold Price: | $ 402,500 | $ 430,000 | - 6.40 % | | Total Units Sold: | 562 | 924 | - 39.18 % | | Average Days on Market: | 106 | 93 | 13.98 % | | Average List Price for Solds: | $ 552,658 | $ 544,128 | 1.57 % | Avg Sale Price as a
percentage of Avg List Price: | 92.56 % | 95.69 % | |
| | Total Number of NEW listings | | | taken for the month: | 1878 |
Total Number of Properties | | | marked Contract for the month: | 500 | | Total Number of Properties | | | marked Contingent for the month: | 329 |
Total Number of NEW pendings | | | (CONTRACTS + CONTINGENTS): | 829 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed. Montgomery County, MD - Disclosure - Property Tax Effective April 1, 2008: Effective April 1, a new law in Montgomery County, MD is in effect. The purpose of this new law is to provide the buyer of an owner-occupied principal residential property an estimate of the property tax bill (plus non-tax charges included on the bill) in the first full fiscal year of ownership. For more detail regarding this law: http://gw.vtrenz.net/?WC2K9LCN26:JINPYF7SE1=ssID:216147369,email:roykelley@mris.com To assist sellers and buyers and their real estate professionals in Montgomery County, the County's Office of Consumer Protection, has developed an online "calculator" that determines the approximate property tax and other non-tax charges that a new homeowner would pay on a property during the first full year of ownership. The calculator is located at http://gw.vtrenz.net/?WC2K9LCN26:OW2CEPKKMP=ssID:216147369,email:roykelley@mris.com . By entering the address of any residence, the approximate tax obligation of a potential new homeowner is provided.
1 Comments on Montgomery County, MD Real Estate Trend Indicator
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Wow. I am trying to sort throught the stats and I am not sure why your median is dropping so much faster than your average? I never was a stat guy though.