Takoma Park, Maryland - A HOT Real Estate Market in 2013

By
Real Estate Agent with Long & Foster Real Estate, Inc MD 82788 DC SP97220
https://activerain.com/droplet/4btc

Founded in 1883, by Benjamin Franklin Gilbert, Takoma Park was developed as a "summer resort" area, as a healthful alternative to Washington, DC's malarial swamps.  With a population of approximately 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


Takoma Park is a perfect "bedroom community" for professionals.  It is a 15 minute commute to the middle of Downtown D.C. by Metro from the 
Takoma Station on the Red Line. 

Takoma 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  
Low Sales Price 2013 - Takoma Park Rambler
Takoma Park is one the HOTTEST Pockets of Real Estate in the DC Metro Area!
In 2013 there were 159 sales of Single Family Detached homes in Takoma Park, Montgomery County, Maryland:

The Average LIST price for a single family home in Takoma Park in 2013 was $526,597
UP $68,722 from (2012) last year.

 

The Average SOLD price for a single family home in Takoma Park in 2013 was $531,386

UP $89,564 from 2012 and The Average Sold Price for a home is over the average asking price. 

 

Highest Sales Price 2013 Takoma Park BungalowIn 2013 the Average Days on the Market for a single family home in Takoma Park, MD was 43  

Selling 14 days faster than last year

  

LOWEST Sale Price  -   $152,000 for a 3 Bedroom, 2 Bath, 2 Level  Brick Rambler - A "Short Sale" built in 1941.  

HIGHEST Sale Price  -  $1,282,000  for a 5 Bedroom, 3 & 1/2 Bath Arts and Crafts Bungalow inspired by the Pasadena Gamble House built in 2006 on a parklike double lot. 


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

 

Posted by


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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Rainmaker
3,241,371
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Debbie - your introduction to Takoma Park is very thorough and prospective buyers will have a lot of insight into the community.   There is a very active real estate market and it is an obviously very popular place to live given the ratio of sales price versus list price.   Nicely presented.   

Jan 02, 2014 09:56 PM #1
Rainmaker
362,967
Bridget "Mortgage Mama" McGee
SWBC Mortgage 410-960-2061 - Baltimore, MD
Maryland Mortgage Mama NMLS#196068

This is a great overview of a lovely area!  The increase in average list price and average sold price is amazing...that seems like a much larger increase than many of the surrounding areas, is it?

Jan 02, 2014 10:29 PM #2
Rainmaker
438,065
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

Michael - Thank You for the compliment!

Bridget - Yes, Vintage Takoma Park is so HOT right now, it will burn your feet and the tires off your car as you enter the Historic District! 

Jan 02, 2014 11:07 PM #3
Rainmaker
722,050
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Debbie-Takoma Park sounds like a great place for those looking to be in the DC area. 

Jan 04, 2014 02:02 PM #4
Rainmaker
4,021,091
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, you do have a HOT market, and great market report sharing valuable information with buyers and sellers!

Jan 06, 2014 11:27 PM #5
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Rainmaker
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Debbie Cook

Silver Spring and Takoma Park Maryland Real Estate
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