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June 2008 Market Statistics for 20878

By
Real Estate Agent with RE/MAX Realty Services

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20878 Gaithersburg, MD
From: 06/01/2008 to 06/30/2008                Statistics generated on: 07/08/2008

 

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

0

0

0

0

0

1 -30 Days

15

$100,000 - 149,999

0

0

0

0

0

0

7

0

31-60 Days

19

$150,000 - 199,999

0

0

0

1

0

0

20

0

61 - 90 Days

10

$200,000 - 249,999

0

0

0

3

0

8

15

0

91-120 Days

3

$250,000 - 299,999

0

2

0

0

0

27

14

0

Over 120 Days

8

$300,000 - 349,999

0

6

0

3

0

27

8

0

Total

55

$350,000 - 399,999

0

3

1

2

0

29

11

0

 

$400,000 - 449,999

0

1

0

2

0

16

6

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

4

2

1

0

22

3

0

$500,000 - 599,999

0

3

4

0

0

52

0

0

Conventional

40

$600,000 - 699,999

0

1

6

0

0

36

0

0

FHA

9

$700,000 - 799,999

0

1

3

0

0

25

0

0

VA

1

$800,000 - 899,999

0

0

2

0

0

14

0

0

Assumption

1

$900,000 - 999,999

0

0

1

0

0

8

0

0

Cash

4

$1,000,000 - 2,499,999

0

0

3

0

0

17

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

0

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

0

21

22

12

0

281

84

0

Total

55

Grand Totals

55 365
    2008    2007    % Change
Total Sold Dollar Volume: $ 28,846,415 $ 45,294,800 - 36.31 %
Average Sold Price: $ 524,480 $ 566,185 - 7.37 %
Median Sold Price: $ 465,000 $ 539,750 - 13.85 %
Total Units Sold: 55 80 - 31.25 %
Average Days on Market: 85 71 19.72 %
Average List Price for Solds: $ 558,001 $ 588,660 - 5.21 %
Avg Sale Price as a
percentage of Avg List Price:
93.99 % 96.18 %
Total NEW listings: 87
Total Properties Marked Contract: 25
Total Properties Marked Contingent Contract: 32
Total NEW pendings (Contracts + Contingents): 57