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- $859,000 - 13739 Valley Oak Cir
- $1,175,000 - 11017 Daybreak Ct
- $875,000 - 20900 Slidell Rd
- $1,095,000 - 11802 Henry Fleet Dr
- $1,250,000 - 12833 Talley Ln
- $1,295,000 - 13317 Beall Creek Ct
- $899,000 - 408 Autumn Wind Way
- $1,350,000 - 11411 Patriot Ln
- $1,399,000 - 17510 Sir Galahad Way
- $1,250,000 - 8601 Nutmeg Ct
- $1,550,000 - 8925 Harvest Square Ct
- $1,550,000 - 10801 Piney Meetinghouse Rd
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$859,000 - 13739 Valley Oak Cir
Rockville
4 beds, 2 full, 1 part bathsHome size: 2,880 sq ftLot size: 9,956 sqftYear built: 1994 -
$1,175,000 - 11017 Daybreak Ct
Rockville
4 beds, 3 full bathsHome size: 5,426 sq ftLot size: 40,095 sqftYear built: 2001 -
$875,000 - 20900 Slidell Rd
Boyds
4 beds, 3 full, 2 part bathsHome size: 4,337 sq ftLot size: 4.64 acYear built: 2006 -
$1,095,000 - 11802 Henry Fleet Dr
Potomac
7 beds, 6 full bathsHome size: 5,098 sq ftLot size: 9,075 sqftYear built: 2006 -
$1,250,000 - 12833 Talley Ln
Gaithersburg
6 beds, 5 full, 1 part bathsLot size: 2.43 acYear built: 2006 -
$1,295,000 - 13317 Beall Creek Ct
Potomac
5 beds, 4 full, 1 part bathsLot size: 2.91 acYear built: 1977 -
$899,000 - 408 Autumn Wind Way
Rockville
5 beds, 4 full, 1 part bathsHome size: 4,746 sq ftLot size: 6,467 sqftYear built: 2001 -
$1,350,000 - 11411 Patriot Ln
Potomac
6 beds, 6 full, 2 part bathsHome size: 7,756 sq ftLot size: 6,385 sqftYear built: 2006 -
$1,399,000 - 17510 Sir Galahad Way
Ashton
7 beds, 9 full, 2 part bathsHome size: 11,839 sq ftLot size: 5.00 acYear built: 2006 -
$1,250,000 - 8601 Nutmeg Ct
Potomac
4 beds, 3 full bathsLot size: 2.03 acYear built: 1977 -
$1,550,000 - 8925 Harvest Square Ct
Potomac
8 beds, 5 full, 3 part bathsHome size: 8,930 sq ftLot size: 2.00 acYear built: 1987 -
$1,550,000 - 10801 Piney Meetinghouse Rd
Potomac
7 beds, 6 full, 3 part bathsHome size: 9,522 sq ftLot size: 2.94 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.
