Ever Popular Takoma Park Real Estate and Home Sales - 2012 Market Report

By
Real Estate Agent with Long & Foster Real Estate, Inc MD 82788 DC SP97220

Takoma Park, MD City LogoTakoma Park, or "Granola Park" as some locals call it now, was the first planned suburban community of Washington, DC.  Founded in 1883, by Benjamin Franklin Gilbert, Takoma Park was developed along a branch of the B & O railroad. It was originally conceived as a "summer resort" area, as a healthful clean-water alternative to Washington, DC's malarial swamps. With a population of 18,000 it rests along the upper northeast boundary of D.C.   Takoma Park in Montgomery County has it's own city government, police department, library and is served by Montgomery County Schools

Religion and politics has shaped the Takoma Park community. From the early 1900's to 1990, Takoma Park was the world headquarters of the Seventh-Day Adventist Church. Two of the church's institutions remain today, The Washington Adventist Hospital, and Columbia Union College. Takoma Park is a perfect "bedroom community" for young professionals.  It is a 15 minute commute to the middle of Downtown D.C. by Metro from the Takoma Station on the Red Line. 

Cottage - Lowest Priced Sale Takoma Park 2012Takoma Park is a friendly "laid back", independent, small town with liberal politics.  The residents are politically active and have put in place a number of progressive measures such as the declaration of a nuclear-free zone and legal recognition of non-marital partnerships.   

The
Old Town offers an eclectic, funky mix of small, locally owned specialty shops and small restaurants, cafes and a very popular FOOD COOP.  From the end of April to mid December there is a farmers market every Sunday in the center of town. To celebrate July 4th, the town puts on its own parade and its own fireworks display.

In  2012 there were 184 sales of Single Family Detached homes in Takoma Park, Montgomery County, 1904 Victorian Takoma Park Md - Highest Sale Price 2012Maryland:

LOWEST Sale Price  -   $95,000 for a 2 Bedroom, 1 Bath, 1 Level  Brick Cottage - A Foreclosure Sale in need of total rehab built in 1947 in the Carole Highlands Neighborhood  

HIGHEST Sale Price  -  $1,075,000  for a 6 Bedroom, 5 Bath Victorian origianally built in 1904. A restoration on almost a one acre lot in the heart of the Historic District. 

The Average List price for a single family home in Takoma Park in 2012 was $448,875.
The Average SOLD price for a single family home in Takom Park in 2012 was $441,822
In 2012 the Average Days on the Market for a single family home in Takoma Park, MD was 57 

Takoma Park remains popular with today's home buyers and has retained it's home values - The Average Sales Price  was UP  1.9% from 2011 and the days on Market is Down 10 days from 2011.


                              Search all 
Homes for Sale Now in Takoma Park, Maryland, 20912


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If you are planning a move to or from the Silver Spring or Takoma Park, Maryland area, put my 30 years of local experience and expertise to work for you.  Licensed in Maryland and the District of Columbia. 

Call or email me at: 

DebbieCookRE@outlook.com  

Cell      (301) 233-8309            Debbie Cook - Silver Spring Takoma Real Estate
The Silver Bee Silver Spring Real Estate Blog
Home  (301) 587-3528

www.DebbieCook.net

 

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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Debbie, Excellent market report full of all the data a prospective buyer will need to get familiar with the market.

Jan 09, 2013 12:44 PM #1
Rainer
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Lanise Warrior-Johnson
Real Estate Brokers Services, Inc. - Compton, CA
Real Estate Specialist

I love the two story home pictured in your blog.  Thanks for giving me a comprehensive idea of the housing market in Takoma!

Jan 09, 2013 01:36 PM #2
Rainmaker
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Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Takoma Park sounds like the perfect answer for young DC professionals who would like to raise a family in a quiet surrounding.

Jan 10, 2013 05:08 AM #3
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are having a most productive month as home buyers continue to take advantage of the very low mortgage interest rates.

Jan 10, 2013 07:22 AM #4
Rainmaker
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Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Hi Debbie - I love that your market report is more about the town than about the dollars. Takoma Park sounds like a great place to live and work!

Jan 10, 2013 08:34 AM #5
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Debbie Cook

Silver Spring and Takoma Park Maryland Real Estate
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