Olney Market Report & All Homes For Sale

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

 

Olney Real Estate News & Market Updates for the week of 10/17/2012

 

There are currentl 41 Properties currently available in Olney Maryland for Montgomery County in Maryland

 

 

Psst. . mortgages rates are at record lows


With mortgage rates at or near record lows and prices rolled back, we are puzzled finding buyers that are still waiting for the market to drop some more.. .well. you are in for a lonnnnng wait!

An inventory shortage has whipped up a feeding frenzy in our local market. .specially in the lower range properties. With bidding wars and price increases coming from apartment renters that are finding that mortgage payments are LOWER than their monthly rental bill. .is a no brainier!

As a broker, I ask myself if  this pressure is justified? 
Would most buyers be better served by waiting?

Absolutely not!

Check the chart below.. 

rEAL eSTATE

Year over Year (YoY) statistics are on the positive side in all aspects of the market today, 

The only thing were there is a negative gain. . is  the DAYS ON THE MARKET!
Things are selling quicker now. .I can assure you.
 

Everything points that the market is in the upswing!

HOMES
The most dramatic data for September 2012 is the comparison of month to month from last year.
Look at the Sold Dollar Volume over 16% higher than last year.
 

Even the average Sold Price shows almost a 10% jump over last year. .That is good news if you are a seller. . .

HOUSES

The inventory declined to record lows in the last 12 months,if you are waiting to buy. . pay attention to this critical number 

The number of LISTINGS!

The market in 2008 when everything started to unravel.. we had 12,908 ACTIVE LISTINGS THEN
Now?
From 2008 to 2012, we have only 4500 ACTIVE LISTINGS!
 
Homes are selling because ..the interest rates are low and inventory is at record lows!



 
 

Search All Olney Homes For Sale here

The most expensive active home for sale in Olney is:

 

2417 WESTMINSTER DRIVE, Olney MD 20832

$1,275,000

2417 WESTMINSTER DRIVE, Olney

Magnificent Home, Breath-Taking Private 1.58 Acres, Gourmet Kitchen, Main Lvl Library, Laundry, Mud, Sun & Family Rms, 2-Gas Firep...

  • Beds 6
  • Baths 6.0
  • MLS MC7871001

 

The least  expensive active home for sale in Olney is:

 

3210 SPARTAN ROAD Unit #3, Olney MD 20832

$109,999

3210 SPARTAN ROAD Unit #3, Olney — Camelback Village Condominium

Very well kept condo. Top floor. Perfect Location! Very close to shopping center and public transportation. Short sale. Commission...

  • Beds 1
  • Baths 1.0
  • MLS MC7896285
  • SqFt. 719

 

 

 

Latest Listings in Olney Maryland as of 10/17/2012

 

2417 WESTMINSTER DRIVE, Olney MD 20832

$1,275,000

2417 WESTMINSTER DRIVE, Olney

Magnificent Home, Breath-Taking Private 1.58 Acres, Gourmet Kitchen, Main Lvl Library, Laundry, Mud, Sun & Family Rms, 2-Gas Firep...

  • Beds 6
  • Baths 6.0
  • MLS MC7871001

 

4709 OLNEY LAYTONSVILLE ROAD, Olney MD 20832

$940,000?

4709 OLNEY LAYTONSVILLE ROAD, Olney

Needle in haystack. Two true Owner's Suites! Spectacular custom home on over 5 ACRES of park-like setting with all luxury amenitie...

  • Beds 6
  • Baths 5.0
  • MLS MC7865520

 

129 BRIMSTONE ACADEMY, Olney MD 20832

$902,995?

129 BRIMSTONE ACADEMY, Olney

Toll Brothers newest community in Montgomery County! Great schools, great location. Located just minutes from the ICC, Routes 28, ...

  • Beds 4
  • Baths 4.0
  • MLS MC7842411
  • SqFt. 4,058

 


The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

 

Nearby Cities Market Reports

Bethesda

Damascus

Clarksburg

Germantown

Gaithersburg

North Potomac

Potomac

Rockville

Silver Spring

Olney

 


                      securedownload 
Project1 
 

Why Should You Choose Us?

Our network is our prime advantage over our competition and your most important advantage over other buyers on the market today. Yet the true secret to our success is how we focus completely on our clients' needs. For us, servicing one client at a time is our top priority. That's why our agents are committed to understanding every single client's needs and strategic objectives. Our promise to you is to continuously strive to serve better and achieve the best results of anyone else available today. 
 

Let's get started!

Call

301-246-0001

Olney Real Estate News & Market Updates for the week of 10/17/2012 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Industry
Location:
Maryland Montgomery County
Groups:
Local Expert
Marketing and Selling to the Latino Community
Localism Beta
Market Reports
Tags:
olney
montgomery county real estate
homes
home
condos
listings
foreclosures
short sales
luxury homes
land
new homes
houses
maryla

Spam prevention
Show All Comments
Rainmaker
1,343,790
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Fernando - Great real estate market information for Olney, love all the charts.

Oct 18, 2012 12:20 PM #1
Show All Comments

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

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

Ambassador
2,083,030

Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
Ask me a question
*
*
*
*

Additional Information