MoCoRealEstate
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- $2,100,000 - 7138 River Rd
- $1,300,000 - 10841 Stanmore Dr
- $845,000 - 8521 Churchill Downs Rd
- $924,900 - 15216 Rockport Dr
- $1,345,000 - 7316 Bradley Blvd
- $799,000 - 505 Sherwood Mills Ct
- $875,000 - 5225 Pooks Hill Rd #1810-12s
- $1,250,000 - 10801 Rosemont Dr
- $799,900 - 15109 Grey Pebble Dr
- $1,350,000 - 6101 Rosemont Cir
- $969,900 - 15602 Crimson Spire Ct
- $1,495,000 - 7711 Macarthur Blvd
- $999,000 - 3312 Coquelin Ter
- $1,450,000 - 11109 Smokey Quartz Ln
- $950,000 - 13700 Canal Vista Ct
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$2,100,000 - 7138 River Rd
Bethesda
4 beds, 4 full, 1 part bathsLot size: 40,089 sq ftYear built: 1982 -
$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 -
$1,345,000 - 7316 Bradley Blvd
Bethesda
6 beds, 5 full, 1 part bathsLot size: 29,899 sq ftYear built: 1965 -
$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 -
$875,000 - 5225 Pooks Hill Rd #1810-12s
Bethesda
3 beds, 3 full, 1 part bathsHome size: 3,800 sq ftYear built: 1973 -
$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 -
$969,900 - 15602 Crimson Spire Ct
Silver Spring
6 beds, 4 full, 1 part bathsLot size: 2.04 acYear built: 2007 -
$1,495,000 - 7711 Macarthur Blvd
Cabin John
8 beds, 5 full, 1 part bathsLot size: 14,661 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
November Housing Inventory Update for Montgomery County
November 21st, 2009 Categories: Market Updates
How low can you go? That’s the question for housing inventory in Montgomery County. Total available homes dropped 6.5% from mid-October. For the year, inventory is down over 34%. The total number of distress sales has been flat over the last couple of months. Since total inventory has shrunk, distress inventory is a larger part of the total – about 27%.
Compared to 2008, transaction volume is blazing. Volume in October was nearly double last years’.
Some of these contracts won’t go to closing, but this still shows that our market is hot compared to 2009. Prices have come down this year, but just about all price ranges have seen increased activity. Are we reaching the “bottom” of the real estate market? These stats tell me “absolutely”. Low Inventory + High Sales Volume = Higher Home Values. The only exception would be for our most expensive homes. Here’s a view of this year’s sales activity by price range compared to 2008:
Low interest rates and shrinking inventory have a big impact on buyers and sellers. Buyers looking for lots of bargains will be surprised to find fewer homes in the bargain bin. Sellers in many market segments can hold out out for higher prices compared to even just a few months ago.
Contact us if you are planning to buy or sell in Montgomery County in the coming months. Understanding the market dynamics in your particular area and price range is critical to get the most from your home sale or purchase.
