GAITHERSBURG, MD 20878, KENTLANDS, LAKELANDS, NORTH POTOMAC ZIP CODE STATISTICS

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Real Estate Agent with Realty Group Referrals 16766

GAITHERSBURG, MD 20878, KENTLANDS, LAKELANDS, NORTH POTOMAC ZIP CODE STATISTICS  

Since we live in Kentlands and do a lot of business in zip code 20878, the real estate statistics in this area have a high level of personal interest. There were 244 homes listed for sale on MRIS during the past month. 72 new listings were added to the inventory and 85 properties went to pending contracts. 65 went to settlement during the month as compared with 50 settlements during the same month last year.  The sold dollar volume was up 18.08% from last year. The average sold price was $439,748 and the median sold price was $365,000, down 16.28% from last year. The average days on the market was 66 as compared to 96 last year. The average sale price was 94.39% of the average list price. It is a wonderful market for first time home buyers. The situation is fine for those that are moving up in price range since the more expensive homes are selling at even greater discounts from the previous very hot market.    

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

ZIP Code: 20878 Gaithersburg, MD
From: 08/01/2009 to 08/31/2009                Statistics generated on: 09/09/2009

  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 2 0 0 10 0 1 -30 Days 35
$100,000 - 149,999 0 0 0 4 0 1 12 0 31-60 Days 13
$150,000 - 199,999 0 0 0 3 0 3 1 0 61 - 90 Days 5
$200,000 - 249,999 0 1 0 3 0 8 5 0 91-120 Days 1
$250,000 - 299,999 0 5 1 2 0 19 14 0 Over 120 Days 11
$300,000 - 349,999 0 4 2 2 0 16 12 0 Total 65
$350,000 - 399,999 0 1 3 3 0 10 8 0  
$400,000 - 449,999 0 0 1 0 0 10 8 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 2 1 0 0 21 0 0
$500,000 - 599,999 0 4 6 0 0 26 0 0 Conventional 39
$600,000 - 699,999 0 0 3 0 0 18 0 0 FHA 17
$700,000 - 799,999 0 2 3 0 0 8 0 0 VA 1
$800,000 - 899,999 0 0 5 0 0 9 0 0 Assumption 2
$900,000 - 999,999 0 0 1 0 0 8 0 0 Cash 5
$1,000,000 - 2,499,999 0 0 1 0 0 17 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 0 0 0 All Other 1
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 19 27 19 0 174 70 0 Total 65
Grand Totals 65 244    
    2009   2008   % Change
Total Sold Dollar Volume: $ 28,583,650 $ 24,207,639 18.08 %
Average Sold Price: $ 439,748 $ 484,153 - 9.17 %
Median Sold Price: $ 365,000 $ 436,000 - 16.28 %
Total Units Sold: 65 50 30.00 %
Average Days on Market: 66 96 - 31.25 %
Average List Price for Solds: $ 465,877 $ 524,341 - 11.15 %
Avg Sale Price as a
percentage of Avg List Price:
94.39 % 92.34 %  
Total NEW listings: 72
Total Properties Marked Contract: 42
Total Properties Marked Contingent Contract: 43
Total NEW pendings (Contracts + Contingents): 85

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market. We represent clients as their exclusive agents.  

Your Real Estate Professional,

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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