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ZIP Code Statistics: 20854 Potomac, MD - Real Estate Trends

By Roy Kelley

Industry Observer with Retired

August 10, 2008 01:00 PM

Metropolitan Regional Information Systems, Inc.

ZIP Code Statistics: 20854 Potomac, MD - Real Estate Trends

Roy Kelley, Associate Broker, RE/MAX Realty Group

Client Service: 301-670-8996

From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/07/2008

	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	21
$100,000 - 149,999	0	0	0	0	0	0	0	0	31-60 Days	9
$150,000 - 199,999	0	0	0	0	0	0	0	0	61 - 90 Days	4
$200,000 - 249,999	0	0	0	0	0	0	0	0	91-120 Days	8
$250,000 - 299,999	0	0	0	0	0	0	0	0	Over 120 Days	10
$300,000 - 349,999	0	0	0	0	0	0	0	0	Total	52
$350,000 - 399,999	0	0	0	0	0	1	1	0
$400,000 - 449,999	0	0	0	0	0	2	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	0	0	0	7	0	0	Type of Financing of Units Sold (No. of Units)
$500,000 - 599,999	0	0	1	0	0	16	2	0	Conventional	42
$600,000 - 699,999	0	0	9	0	0	31	1	0	FHA	2
$700,000 - 799,999	0	0	11	0	0	25	0	0	VA	0
$800,000 - 899,999	0	0	5	0	0	12	0	0	Assumption	4
$900,000 - 999,999	0	0	1	1	0	19	0	0	Cash	4
$1,000,000 - 2,499,999	0	1	21	0	0	126	4	1	Owner Finance	0
$2,500,000 - 4,999,999	0	0	2	0	0	38	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	9	0	0	Unreported	0
Totals	0	1	50	1	0	286	8	1	Total	52
Grand Totals	52					295

	2008	2007	% Change
Total Sold Dollar Volume:	$ 60,033,152	$ 77,913,200	- 22.95 %
Average Sold Price:	$ 1,154,484	$ 1,217,394	- 5.17 %
Median Sold Price:	$ 890,126	$ 947,500	- 6.06 %
Total Units Sold:	52	64	- 18.75 %
Average Days on Market:	76	80	- 5.00 %
Average List Price for Solds:	$ 1,250,500	$ 1,297,822	- 3.65 %
Avg Sale Price as a percentage of Avg List Price:	92.32 %	93.80 %

Total NEW listings:	87
Total Properties Marked Contract:	24
Total Properties Marked Contingent Contract:	10
Total NEW pendings (Contracts + Contingents):	34

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Please contact Roy Kelley & Associates for all of your residential real estate needs. We represent buyers as their exclusive buyer agents. There is a very large number of lender owned homes in the current housing inventory. During the next few months, buyers will have an unusually large selection of properties and the lenders will be highly motivated to accept reasonable offers for their REO homes.