Today's View - Jan. 4, 2017 - Damascus, Md. detached homes

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Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – January 4, 2017Damascus, Md. 20872 – Detached

This is a market report for detached homes in Damascus, Md. 20872.  At the time of this report (1/4/17) there are 27 such homes on the market FOR SALE, another 19 under contract, and 10 that have sold in the last 30 days. Thus the absorption rate (27/10) shows a 2.7 month inventory, considered a sellers market.

 

Two Bedrooms

There is at the time of this report no two-bedroom detached home in the area covered by this report on the market for sale.  There is 1 that is under contract.  The last known list price of this home is $123,900 and it was on the market for 5.5 months (168 days).  There are no two-bedroom detached homes in Damascus that have successfully completed the sale process in the last 30 days.

 

Three Bedrooms

There are 9 three-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $169,900 to $1,500,000 with the median being $325,000  The days on market for these homes ranges from new to the market (1 day ) to 13 months  (399 days), with the median being over 3 months (96 days).  That $1,500,000 home is located on 107 acres of ground.

There are 5 three-bedroom detached homes in the area that are under some form of contract.  The last known list price of these homes ranged from $289,900 to $409,900, with the median being $295,000.  The days on market for these homes ranges from 3 weeks (17 days) to approaching 4 months (114 days) with the median being 1 month (36 days).

In the last 30 days, 5 three-bedroom detached homes in the area have successfully completed the sales process.  The closing price of these homes ranging from $309,000 to $432,000; with the median being $350,000.  The days on market ranges from a week (5 days) to 3 months (88 days), with the median being 1.5 months (40 days).

 

Four Bedrooms

Clearly the majority (13 homes) of the detached homes on the market for sale in Damascus are the four bed-rooms. These homes range in price from a low of $349,900 to $1,200,000 with the median being $399,999  The days on market for these homes ranges from 2 weeks  (13 days ) to 9.5 months (287 days), with the median approaching 2 months (54 days).

There are 12 four-bedroom detached homes in the Damascus currently under some form of contract.  The last known list price of these homes ranged from $295,900 to $639,000 with the media being $374,900.  The days on market ranged from 1 week (5 days) to approaching 7 months (201 days) with the median being 1 month (34 days)

In the last 30 days, 4 four-bedroom detached homes in the area have successfully completed the sales process.  The closing price of these homes ranging from $379,900 to $545,750, with the median being $423,389.  The days on market for these homes ranged from new to the market (3 days) to 2 months (68 days), with the median being 2 weeks (12 days).

 

 

Five Bedrooms

 

There are 3 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $315,000 to $449,900 with the median being $425,000  The days on market for these homes ranges from 1 month (30 day ) to  2.5 months (79 days), with the median being 2 month (63 days).

There are no five-bedroom detached home in the area that arw under some form of contract at this time. 

In the last 30 days, 1 five-bedroom detached home in the area has successfully completed the sales process.  This home sold for $405,000 after being on the market for 1.5 months (44 days).

 

 

Six Bedrooms

There are 2 six-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $519,900 being on the market for 2 months (69 days) and $1,749,000 being on the market for 9.5 months (289 days).

There is 1 six-bedroom detached homes in Damascus currently under any form of contract.  The last known list price of the home being $450,000 and was on the market for over a week (10 days). 

No six-bedroom detached home in this market has successfully completed the sales process in the last 30 days.

 

 

If you have any questions about this report, please contact me.  I look forward to helping you with your real estate needs.

Posted by

Robert J. Force
Weichert Realtors - New Colony
108 E. Ridgeville Blvd           
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)
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