LIST PRICE vs. CLOSED PRICE IN MONTGOMERY COUNTY, MD, Market Report SEPT, 2008 - Rockville.
Montgomery County Maryland real estate markets offer a market where negotiation is popular. Home buyers often call asking "What is the lowest price the seller will take?"
The only way to discover the lowest price is to make an offer and negotiate the price, terms and conditions until both sides believe that they have the best that they are going to get. Negotiation is more than price in real estate in Montgomery County. How quickly a buyer can close the sale is important for properties that are vacant. Cash buyers can often get better prices because there will not always be a financing contingency. Any contingency included in a contract offer deminishes the value of the offer.
Contingencies often include but are not limited to:
- Financing
- Closing date
- Inspections
- Inclusions/Exclusions
- Earnest Money Amount/Payment
- HOA and Condo Documents
- Acceptance
ROCKVILLE MD CLOSED PRICES IN SEPT, 2008.
Communities in Rockville in the average price range include: Manor Lake, Bel Pre, Manor Woods, West End Park, Halprin Village, Twinbrook, Hungerford, Aspen Hill, Weaton Woods, Rockwood, Sycamore Acres, Franklin Park, Brookehaven, Maryvale.
EXAMPLES of SOLD prices in Montgomery County for Single Family Homes for September 2008. The list below shows the list price AND the closed price. The close price reflects the final list price and final closed price.
Examples of homes in the average sold price range:
 
List price vs. Sold Price Rockville MD September 2008
| ListPrice |
ClosePrice |
|
City |
| $332,777 |
$323,000 |
|
Rockville |
| $599,500 |
$599,500 |
|
Rockville |
| $350,000 |
$350,000 |
|
Rockville |
| $246,900 |
$242,000 |
|
Rockville |
| $319,900 |
$311,000 |
|
Rockville |
| $349,900 |
$340,000 |
|
Rockville |
| $600,000 |
$565,000 |
|
Rockville |
| $450,000 |
$430,000 |
|
Rockville |
| $315,000 |
$305,000 |
|
Rockville |
| $359,000 |
$348,500 |
|
Rockville |
| $549,900 |
$542,700 |
|
Rockville |
| $399,000 |
$350,000 |
|
Rockville |
| $675,000 |
$650,000 |
|
Rockville |
| $849,000 |
$763,000 |
|
Rockville |
| $349,900 |
$337,500 |
|
Rockville |
| $349,000 |
$333,000 |
|
Rockville |
| $575,000 |
$550,000 |
|
Rockville |
| $439,900 |
$415,000 |
|
Rockville |
| $275,000 |
$260,000 |
|
Rockville |
| $669,900 |
$635,000 |
|
Rockville |
| $311,400 |
$300,000 |
|
Rockville |
| $769,000 |
$755,000 |
|
Rockville |
| $449,900 |
$435,000 |
|
Rockville |
| $705,000 |
$680,000 |
|
Rockville |
| $299,900 |
$290,000 |
|
Rockville |
| $299,900 |
$300,000 |
|
Rockville |
| $434,000 |
$400,000 |
|
Rockville |
| $399,900 |
$380,000 |
|
Rockville |
| $915,000 |
$865,000 |
|
Rockville |
| $420,000 |
$390,000 |
|
Rockville |
| $320,000 |
$299,500 |
|
Rockville |
| $310,000 |
$310,000 |
|
Rockville |
| $356,250 |
$365,000 |
|
Rockville |
| $375,000 |
$355,000 |
|
Rockville |
| $424,990 |
$400,000 |
|
Rockville |
| $237,500 |
$220,000 |
|
Rockville |
| $298,000 |
$275,000 |
|
Rockville |
| $299,900 |
$305,000 |
|
Rockville |
| $629,000 |
$600,000 |
|
Rockville |
| $325,000 |
$323,000 |
|
Rockville |
| $264,900 |
$264,000 |
|
Rockville |
| $440,000 |
$429,600 |
|
Rockville |
| $270,000 |
$267,300 |
|
Rockville |
| $775,000 |
$720,000 |
|
Rockville |
| $675,000 |
$651,000 |
|
Rockville |
| $729,000 |
$729,000 |
|
Rockville |
| |
|
|
|
MARKET REPORT FOR ROCKVILLE ZIP CODE 20852.
- Average List Price all properties - $406,643
- Average Sold Price all properties - $375,754
- Average List to Sold price - 92.40%
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, e-mail. Real estate talk
Homes for sale in Bethesda, Gaithersburg, Germantown, Kensington, Laytonsville, Montgomery Village, Potomac, Olney, Burtonsville, Takoma Park
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10 Comments on ROCKVILLE, MD REAL ESTATE MARKET REPORT SEPTEMBER 2008, List vs. Sold Prices
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Your numbers are interesting as you look at the price ranges. Lower you have almost no movement....
It is interesting that the market is changing so rapidly that numbers can start to changed dramatically on any given day. I want to watch the hot sheets in Atlanta to see if the daily "price changes" will reflect yesterdays stock drop. Stock prices and liquidity are great motivators. Next months statistics may reflect more give in lieu of it being harder to obtain financing, fewer buyers in the market, and nervous homeowners that have to sell to get liquid.