Gaithersburg, MD 20879 Zip Code Home Sales Statistics - Average Sold Price $225,830

By
Real Estate Agent with Realty Group Referrals 16766

Gaithersburg, MD 20879 Zip Code Home Sales Statistics - Average Sold Price $225,830

The following residential sales statistics are for the past month and are compared with the same month last year. There were 48 new listings of homes for sale and 43 homes for sale went to pending new contracts. The sold dollar volume for the zip code was down 8.05% from last year. The number of homes sold and settled was 30 from 33 last year. The average time on the market was 59 days from 48 days last year. The average sale price was 93.91% of the average list price. The average sold price was $225,830. The median sold price was $222,450.   

Please contact us if you wish to receive statistics for another zip code.

 Life is good in Montgomery County, MD.

RealEstate Business Intelligence, LLC.
ZIP Code Statistics - Higher Price Segment Format

ZIP Code: 20879 Gaithersburg, MD
From: 09/01/2010 to 09/30/2010                Statistics generated on: 10/06/2010

  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 3 0 0 6 0 1 -30 Days 13
$100,000 - 149,999 0 0 0 3 0 2 20 0 31-60 Days 3
$150,000 - 199,999 0 1 0 2 0 20 9 0 61 - 90 Days 7
$200,000 - 249,999 0 11 0 0 0 34 3 0 91-120 Days 5
$250,000 - 299,999 0 7 0 0 0 31 1 0 Over 120 Days 2
$300,000 - 349,999 0 1 0 0 0 6 0 0 Total 30
$350,000 - 399,999 0 0 0 0 0 7 0 0  
$400,000 - 449,999 0 0 1 0 0 5 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 2 0 0
$500,000 - 599,999 0 0 0 0 0 1 0 0 Conventional 9
$600,000 - 699,999 0 0 1 0 0 7 0 0 FHA 15
$700,000 - 799,999 0 0 0 0 0 1 0 0 VA 1
$800,000 - 899,999 0 0 0 0 0 1 0 0 Assumption 1
$900,000 - 999,999 0 0 0 0 0 2 0 0 Cash 4
$1,000,000 - 2,499,999 0 0 0 0 0 0 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 20 2 8 0 119 39 0 Total 30
Grand Totals 30 158    
    2010   2009   % Change
Total Sold Dollar Volume: $ 6,774,900 $ 7,368,000 - 8.05 %
Average Sold Price: $ 225,830 $ 223,273 1.15 %
Median Sold Price: $ 222,450 $ 215,000 3.47 %
Total Units Sold: 30 33 - 9.09 %
Average Days on Market: 59 48 22.92 %
Average List Price for Solds: $ 240,467 $ 235,506 2.11 %
Avg Sale Price as a
percentage of Avg List Price:
93.91 % 94.81 %  
Total NEW listings: 48
Total Properties Marked Contract: 13
Total Properties Marked Contingent Contract: 30
Total NEW pendings (Contracts + Contingents): 43


MRISSource: RealEstate Business Intelligence, LLC. An MRIS company. All Rights Reserved.
Copyright 2010 - Information deemed reliable, but is not guaranteed.  

Mortgage Financing:  Pre-approval for financing is the first step in the home purchase process. Buyers, including investors, need to have a lender letter in hand when they submit an offer on a property. Buyers should be prepared to fully document their income and obligations. Ask us for a referral if you do not have an existing relationship with a mortgage lender.

The FHA loan limit for Montgomery County and Frederick County is $729,750.  FHA financing has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount. The limit for FHA reverse mortgages: $625,000.  Age 62+ seniors use reverse mortgages when they need to eliminate mortgage payments.

All of the available listings of homes for sale may be viewed on MRIS, the regional multiple listing service, on Homes Prospector at www.roykelley.com  

Please contact us with your questions on the residential real estate market. Buyers and sellers should understand the impact of short sale listings and REO properties.

Your referrals of friends and family members will always be appreciated.

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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Maryland Montgomery County Gaithersburg
Groups:
Posts to Localism
Tags:
20879 zip code home sales statistics

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
5,773,627

Roy Kelley

Ask me a question
*
*
*
*
Spam prevention