Sales Statistics For Gaithersburg Maryland 20878

By
Real Estate Agent with RE/MAX Realty Services

These are the statistics for the month of July 2008 for zip code 20878.  This would include Gaithersburg, North Potomac and the Darnestown area.  As you can see the average sales price is down about 38% from last year.  The chart also shows us that the average contract is netting the seller approximately 92% of his sales price for a closed sale.

These statistics are furnished by MRIS.

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20878 Gaithersburg, MD
From: 07/01/2008 to 07/31/2008                Statistics generated on: 08/07/2008

 

Residential
Unit Sales
Number of Bedrooms

Active Listings

 

Time on Market

Price Class

2
Or Less  


3

4
  or More  

Condo
Coop

Ground
Rent

Residential
  

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

13

$100,000 - 149,999

0

0

0

1

0

0

6

0

31-60 Days

12

$150,000 - 199,999

0

0

0

0

0

1

19

0

61 - 90 Days

10

$200,000 - 249,999

0

0

0

2

0

10

12

0

91-120 Days

6

$250,000 - 299,999

0

0

3

1

0

26

11

0

Over 120 Days

9

$300,000 - 349,999

0

2

0

3

0

21

7

0

Total

50

$350,000 - 399,999

1

5

1

1

0

31

9

0

 

$400,000 - 449,999

0

0

2

3

0

13

6

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

1

2

3

0

0

28

1

0

$500,000 - 599,999

1

3

5

0

0

50

0

0

Conventional

37

$600,000 - 699,999

0

3

3

0

0

33

1

0

FHA

9

$700,000 - 799,999

0

0

0

0

0

24

0

0

VA

2

$800,000 - 899,999

0

0

2

0

0

11

0

0

Assumption

1

$900,000 - 999,999

0

0

2

0

0

11

0

0

Cash

0

$1,000,000 - 2,499,999

0

0

0

0

0

16

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

0

0

0

All Other

1

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

3

15

21

11

0

275

72

0

Total

50

Grand Totals

50 347
    2008    2007    % Change
Total Sold Dollar Volume: $ 23,278,387 $ 37,922,446 - 38.62 %
Average Sold Price: $ 465,568 $ 566,007 - 17.75 %
Median Sold Price: $ 441,250 $ 538,000 - 17.98 %
Total Units Sold: 50 67 - 25.37 %
Average Days on Market: 78 60 30.00 %
Average List Price for Solds: $ 504,895 $ 583,344 - 13.45 %
Avg Sale Price as a
percentage of Avg List Price:
92.21 % 97.03 %
Total NEW listings: 86
Total Properties Marked Contract: 21
Total Properties Marked Contingent Contract: 25
Total NEW pendings (Contracts + Contingents): 46

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.


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Rainer
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James Wexler
wexzilla.com - Scottsdale, AZ

Congratulations on your hometown boy; The Amazing Michael Phelps. Incredible!!

Aug 16, 2008 06:15 PM #1
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Rainmaker
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Audrey June-Forshey

GRI, Gaithersburg, MD
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