The Potomac, Maryland 20854 residential market is much stronger than the Upcounty market. The average days on the market before a sale is 81. The average sales price as a percentage of the average list price is 90.78%. The average sales price is up 33.17% from last year to $1,346,380. The large number of lender owned homes in the county has not impacted the Potomac area as badly as it has lower cost areas.
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20854 Potomac, MD
Roy Kelley, Associate Broker, RE/MAX Realty Group, roykelley@mris.com
From: 04/01/2008 to 04/30/2008 Statistics generated on: 05/07/2008
| |
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 |
0 |
0 |
0 |
0 |
0 |
1 -30 Days |
23 |
| $100,000 - 149,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
31-60 Days |
8 |
| $150,000 - 199,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
61 - 90 Days |
0 |
| $200,000 - 249,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
91-120 Days |
3 |
| $250,000 - 299,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Over 120 Days |
13 |
| $300,000 - 349,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Total |
47 |
| $350,000 - 399,999 |
0 |
0 |
0 |
0 |
0 |
1 |
0 |
0 |
|
| $400,000 - 449,999 |
0 |
0 |
0 |
0 |
0 |
4 |
0 |
0 |
Type of Financing
of Units Sold
(No. of Units) |
| $450,000 - 499,999 |
0 |
0 |
0 |
0 |
0 |
3 |
0 |
0 |
| $500,000 - 599,999 |
0 |
0 |
3 |
0 |
0 |
10 |
2 |
0 |
Conventional |
36 |
| $600,000 - 699,999 |
0 |
1 |
6 |
0 |
0 |
26 |
0 |
0 |
FHA |
2 |
| $700,000 - 799,999 |
0 |
2 |
7 |
0 |
0 |
29 |
3 |
0 |
VA |
0 |
| $800,000 - 899,999 |
0 |
0 |
0 |
0 |
0 |
18 |
0 |
0 |
Assumption |
3 |
| $900,000 - 999,999 |
0 |
0 |
5 |
0 |
0 |
11 |
0 |
0 |
Cash |
5 |
| $1,000,000 - 2,499,999 |
0 |
0 |
20 |
0 |
0 |
132 |
4 |
1 |
Owner Finance |
0 |
| $2,500,000 - 4,999,999 |
0 |
0 |
2 |
0 |
0 |
37 |
0 |
0 |
All Other |
1 |
| $5,000,000 & Over |
0 |
0 |
0 |
0 |
1 |
5 |
0 |
0 |
Unreported |
0 |
| Totals |
0 |
3 |
43 |
0 |
1 |
276 |
9 |
1 |
Total |
47 |
| Grand Totals |
47 |
286 |
|
|
| |
2008 |
2007 |
% Change |
| Total Sold Dollar Volume: |
$ 63,279,860 |
$ 44,484,825 |
42.25 % |
| Average Sold Price: |
$ 1,346,380 |
$ 1,011,019 |
33.17 % |
| Median Sold Price: |
$ 998,000 |
$ 845,000 |
18.11 % |
| Total Units Sold: |
47 |
44 |
6.82 % |
| Average Days on Market: |
81 |
122 |
- 33.61 % |
| Average List Price for Solds: |
$ 1,483,078 |
$ 1,072,798 |
38.24 % |
Avg Sale Price as a
percentage of Avg List Price: |
90.78 % |
94.24 % |
|
|
| Total NEW listings: |
98 |
| Total Properties Marked Contract: |
28 |
| Total Properties Marked Contingent Contract: |
21 |
| Total NEW pendings (Contracts + Contingents): |
49 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
0 Comments on Potomac, Maryland 20854 - Real Estate Statistics
|
;)
Links;)
Tags (Tag Cloud);)
Archives
