MoCoRealEstate
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- $1,300,000 - 10841 Stanmore Dr
- $845,000 - 8521 Churchill Downs Rd
- $924,900 - 15216 Rockport Dr
- $1,016,753 - 14938 Finegan Farm Dr
- $1,345,000 - 7316 Bradley Blvd
- $875,000 - 5225 Pooks Hill Rd #1810-12s
- $799,000 - 505 Sherwood Mills Ct
- $1,250,000 - 10801 Rosemont Dr
- $799,900 - 15109 Grey Pebble Dr
- $1,350,000 - 6101 Rosemont Cir
- $999,000 - 3312 Coquelin Ter
- $1,450,000 - 11109 Smokey Quartz Ln
- $950,000 - 13700 Canal Vista Ct
- $1,699,000 - 8432 Burning Tree Rd
- $995,000 - 5736 Bradley Blvd
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$1,300,000 - 10841 Stanmore Dr
Rockville
6 beds, 3 full, 1 part bathsHome size: 3,502 sq ftLot size: 2.10 acYear built: 1963 -
$845,000 - 8521 Churchill Downs Rd
Gaithersburg
5 beds, 5 full, 1 part bathsLot size: 2.05 acYear built: 1990 -
$924,900 - 15216 Rockport Dr
Silver Spring
7 beds, 6 full, 1 part bathsHome size: 9,110 sq ftLot size: 43,560 sq ftYear built: 1996 -
$1,016,753 - 14938 Finegan Farm Dr
Germantown
6 beds, 6 full, 1 part bathsLot size: 3.80 acYear built: 2005 -
$1,345,000 - 7316 Bradley Blvd
Bethesda
6 beds, 5 full, 1 part bathsLot size: 29,899 sq ftYear built: 1965 -
$875,000 - 5225 Pooks Hill Rd #1810-12s
Bethesda
3 beds, 3 full, 1 part bathsHome size: 3,800 sq ftYear built: 1974 -
$799,000 - 505 Sherwood Mills Ct
Sandy Spring
5 beds, 4 full, 1 part bathsHome size: 7,631 sq ftLot size: 14,335 sq ftYear built: 2006 -
$1,250,000 - 10801 Rosemont Dr
Rockville
6 beds, 4 full, 1 part bathsLot size: 15,068 sq ftYear built: 2005 -
$799,900 - 15109 Grey Pebble Dr
Germantown
5 beds, 4 full, 1 part bathsHome size: 6,607 sq ftLot size: 3.64 acYear built: 1994 -
$1,350,000 - 6101 Rosemont Cir
Rockville
5 beds, 4 full, 1 part bathsLot size: 15,069 sq ftYear built: 2005 -
$999,000 - 3312 Coquelin Ter
Chevy Chase
4 beds, 3 full, 1 part bathsLot size: 8,666 sq ftYear built: 2005 -
$1,450,000 - 11109 Smokey Quartz Ln
Potomac
7 beds, 7 full, 2 part bathsLot size: 2.00 acYear built: 1985 -
$950,000 - 13700 Canal Vista Ct
Potomac
5 beds, 4 full, 1 part bathsLot size: 2.20 acYear built: 1986 -
$1,699,000 - 8432 Burning Tree Rd
Bethesda
7 beds, 6 full bathsLot size: 29,233 sq ftYear built: 2009 -
$995,000 - 5736 Bradley Blvd
Bethesda
6 beds, 5 full bathsLot size: 29,256 sq ftYear built: 1938
January’s sales activity: the good and the bad
February 6th, 2009 Categories: Market Updates
Home sales statistics for the last four months for Montgomery County are a good-news-bad-news story. Let’s start with the good news.
- Compared to the last four months this time last year, overall sales activity increased over 7%.
- As a sign that buyers may be starting to shake off their buying blues, contracts for December and January were much stronger up 28% and 13% respectively.
Sounds great! So what’s the bad news?
Pricing continues to be pressured downward which is good or bad depending if you are buying or selling. Clearly this is bad news for home sellers with little or no equity, and for retirees with a need to sell right now. Continued downward pricing pressure increases distress sales and foreclosures which is bad for everyone. For buyers and local move-ups, this is good news as homes are more affordable.
The number of contracts by listing price clearly tells the story. Buyers are dealing at lower prices:
OK – back to the good news. Overall, I believe the increase in home contracts is a very good sign for our real estate market. It tells us that buyers and sellers in Montgomery County are still coming together. And, with low interest rates and stable employment, we could soon see price stability this year.
I’ll followup with posts looking at specific areas in the county. If you are ready to buy in today’s market, see all homes for sale in Montgomery County. Contact us anytime if you would like more information on the value of your home or neighborhood.
[...] the overview of Montgomery County sales stats from January, we see that over the last four months, contracts have increased 7% compared to the same period [...]