Best Places to Live - DC Metro Market

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Best Places to Live - DC Metro Market

"Best Places to Live" is the featured cover article in the May issue of the Washingtonian magazine.  A two page chart lists the "Golden Zip Codes" and the market conditions in the 100 areas in the DC Metro area with the most expensive home sales. 

The most expensive homes sales section shown in Maryland is the 20854 zip code, for the Potomac area of Montgomery County.  Potomac had a median price of $830,000 for 2011 and an average of 76 days on the market.  The one year price change was -1.78% in Potomac, down from the median of $845,000 in 2010. The 2008 median was $825,000.

Most of us tend to focus on the area where we live or work.  Dolores and I live in zip code 20878, in the Gaithersburg and North Potomac area of Montgomery County.  The median sales price was $430,000 in 2011 with an average of 66 days on the market.  This is up 2.38% from the $420,000 median in 2010.

Gaithersburg is discussed in the section that provides information on the best area for value and convenience.  I need to draw your attention to the Gaithersburg area because that is where I live and work and I am quoted in the article.  Over the years, I have distributed hundreds of market reports on the area and was not surprised to receive a call from a Washingtonian reporter in March.  We discussed the Montgomery County market and I provided the reasons that Gaithersburg should be highly considered by prospective home buyers.

I am a subscriber to the Washingtonian and have the article in front of me but have not been able to get the article online.  You may need to purchase the magazine to see the detailed information which should be in the hands of every real estate professional in the area.

The Washingtonian provides a very positive report on the area real estate market.  One of the most interesting sections is the information on the "50 Most Expensive Homes" in the area.  The most expensive home is located in McLean and is owned by Jim Kinsey.  At $45.5 million, The Falls is assessed at $33.9 million and the guest house is at $11.6 million.

In Maryland, the most expensive home is the $12.5 million residence of Mitchell Rales, in Potomac.  If you home is assessed at less than $7.2 million, you do not need to worry about appearing on this very public list of the "50 Most Expensive Homes".

Washingtonian, May, 2012 issue

Azaleas, National Arboretum, Spring Flowers IMG_8914

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

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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Re-Blogged 1 time:

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  1. Gloria Todor 04/26/2012 06:52 AM
Topic:
Real Estate General Information
Location:
Maryland Montgomery County Gaithersburg
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Rainmaker
350,136
Pam Miller
Realty Associates - Friendswood, TX
Broker Associate - Pearland/Friendswood

Roy - I would love to see that 45 million dollar home!  Beautiful photo, as always:)

Apr 26, 2012 03:40 AM #1
Rainmaker
961,787
Gloria Todor
Century 21 Absolute Realty - Media, PA
& Doug Durren (484) 431-3686 in SE PA

Hi Roy, You do live in a wonderful part of the country.  So close to everything.  You are quoted in this article, that is great!  Seems like they want people to purchase the magazine.....the link does not open the article.

Your market reports did the trick.

Thank you for the heads up.  

Gloria

Apr 26, 2012 06:50 AM #2
Rainmaker
820,740
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Roy, I'm not surprised the Washingtonian asked you for information - you write informed articles on your Gaithersburg real estate market and everyt hing about Gaithersburg.  

Apr 26, 2012 06:57 AM #3
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for your comments.  The magazine does not make links available until a few weeks after the publication.

I will try to remember to post links when they become available.

Azaleas, Kentlands Spring Flowers IMG_8752

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 26, 2012 07:07 AM #4
Rainmaker
2,049,403
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Roy,

Very good discussion of your area and pricing of homes. Gaithersburg sounds like the place to move to and you are the agent someone needs to select to represent them.

Apr 26, 2012 08:26 AM #5
Ambassador
3,666,644
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

OK, so now I'll have to run out and buy a Washingtonian to see how my favorite DC zips are doing.

Apr 26, 2012 11:17 AM #6
Rainmaker
1,204,320
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Roy, That is some interesting information!  Our area hasn't had anything near those values, but that is why we say all real estate is local.

Apr 26, 2012 02:08 PM #7
Ambassador
1,536,930
William Johnson
RE/MAX Associates - La Jolla, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
Hi Roy, While Maryland homes may not be as expensive, there is so such beauty there and it is not constructed of granite, marble or sandstone. I'll take the trees to live and the granite , marlbe or what have you, just to visit. :-)
Apr 26, 2012 02:48 PM #8
Rainmaker
3,086,345
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Roy -- congratulations for being included in Washingtonian magazine -- more google juice in the works for you!

Apr 26, 2012 04:22 PM #9
Rainer
535,474
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Roy, the Washingtonian is a great magazine and as always, you've shared great information. Thanks..

Apr 26, 2012 08:56 PM #10
Rainmaker
2,986,282
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Where you have employment, housing prices tend to be higher. You sir live in a gold mind area! Enjoy your day!

Apr 26, 2012 09:16 PM #11
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good morning to all.  Have a great day and a wonderful weekend.

We have another beautiful sunny morning in Maryland and life is good!

Daisy, Kentlands Spring Flowers IMG_7870

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 26, 2012 10:35 PM #12
Rainmaker
2,851,907
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Morning Roy, That is a nice report on the best places to live in your area. I have read the Washingtonian a few times and certainly should more. Have a great Friday

Apr 26, 2012 11:33 PM #13
Rainmaker
694,609
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hello Roy,

I bet you get a lot of congressmen and their familys looking for a new home after the elections.

Every four years should bring you a new set of client's.

All the best my friend.

Clint McKie

Apr 27, 2012 12:28 AM #14
Ambassador
3,619,771
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Roy- We lived in Leesburg VA about 5 years ago and love the whole area.  I can just picture some of those beautiful homes and the grounds on which they sit. 

Apr 27, 2012 12:13 PM #15
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your comments.

Have an outstanding weekend.

Lenten Rose, McCrillis Gardens Spring Blooms IMG_6376

Photograph by Dolores Kelley using a Canon PowerShot S90 camera.

Roy and Dolores Kelley Photographs

Apr 28, 2012 12:53 AM #16
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We are having another rainy day in Maryland. I hope you are enjoying a most productive week.

May 10, 2016 01:37 AM #17
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a sunny day in Maryland after an early dusting of snow. Have a great day and an outstanding weekend.

Mar 03, 2017 06:40 AM #18
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a chilly morning in Kentlands. This afternoon should be a good time to do some clean up work in our home garden.

May 10, 2017 06:09 AM #19
Rainmaker
5,022,614
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is sometimes a good practice to revisit old blogs and reblogs. We might even find some good ideas for new posts.

Aug 22, 2018 01:24 PM #20
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Roy Kelley

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