 |
 |
 |
 |
 |
|
 |
 |
MoCo Areas
- Bethesda
- Clarksburg
- Darnestown
- Gaithersburg
- Germantown
- North Potomac
- Olney
- Poolesville
- Potomac
- Rockville
- Silver Spring
Article Topics
Past Articles
- March 2010 (4)
- February 2010 (3)
- January 2010 (7)
- December 2009 (53)
- November 2009 (4)
- October 2009 (5)
- September 2009 (5)
- August 2009 (21)
- July 2009 (7)
- June 2009 (16)
- May 2009 (6)
- April 2009 (5)
- March 2009 (4)
- February 2009 (7)
- January 2009 (8)
- December 2008 (6)
- November 2008 (9)
 |
Clarksburg and Damascus
Clarksburg (zip 20871) and Damascus (zip 20872) are located in the north-western most part of the county adjacent to Frederick County. The area of Germantown north of I270 (zip 20876) is also included in this area.
Public schools assignments are summarized below. Always verify a home’s school assignment at MCPS.
- Clarksburg - Clarksburg H.S. and Poolesville H.S.
- Damascus - Damascus H.S. and Clarksburg H.S.
- Germantown - Clarksburg H.S., Seneca Valley H.S., Damascus H.S., and Watkins Mill H.S.
Are you just learning about Montgomery County? Take a tour and see all home prices for Montgomery County.
 |
 |
 |
 |
_________________________________________________________
| Clarksburg and Damascus are great places to live. Call anytime at 301-527-9079 or send an email for help buying and selling in these great communities. |  |
Clarksburg and Damascus Pricing Trends
August 13th, 2009 Categories: Clarksburg
New construction is still underway at Clarksburg, so looking at resales won’t show a complete picture. Looking at resales over the last six months in the Clarksburg area, contracts are up over 62% compared to 2008. Here’s the stats for contracts by price range:
See the overall Montgomery County market update and the Clarksburg area’s inventory by price range from June’s market update.
__________________________________________________________
| Do you have questions about the Clarksburg and Damascus real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Clarksburg, Maryland. |  |
|
| Currently No Comments »
Clarksburg Market Update
June 28th, 2009 Categories: Clarksburg
Have you wondered where you can buy a practically brand new single family home for around $450,000 in Montgomery County? Clarksburg is the place. The values have been eye-popping especially when compared to sales at the market’s peak in 2005 and 2006. Foreclosures and short sales have really smushed home values and prices over the last year.
Demand here is hottest for homes priced under $500,000. For homes priced $600,000 and over, there’s a lot less demand. A buyer can acquire a huge, new Craftmark home in the $700,000s. Unthinkable not long ago.
These stats show inventory in late June 2009 and the number of contracts for the previous six months.
__________________________________________________________
| Do you have questions about the real estate market for Clarksburg and Damascus? Call us at 301-527-9079 or send an email for more info about buying, selling and living in and around Clarksburg, Maryland. | |
|
| Currently No Comments »
Montgomery County foreclosure hotspots
November 3rd, 2008 Categories: Clarksburg, Foreclosures, Gaithersburg, Germantown, Silver Spring
With foreclosures and declining home prices, news on the real estate market isn’t good. True, our local real estate market is under pressure; but Montgomery County is much healthier than markets in California, Las Vegas and Florida that we always hear about. Foreclosures in our area are mostly concentrated in two areas: entry-level housing, and areas that experienced a lot of new construction in the early 2000s.
Right now, about 50% of all available homes in Montgomery County are priced under $400,000 in the zip codes of Silver Spring, Gaithersburg and Germantown. As price appreciation stopped, marginal buyers with riskier loans drove-up foreclosure rates which pressured prices lower for all owners in this segment. Unlike other parts of the country, however, homes are still selling here with over 2,200 homes sold in 2008. With 6 to 8.5 months’ available inventory, there’s a lot available – but buyers are still buying.
Only a few areas in the County saw big increases in inventory from new construction. In Clarksburg for example, home builders added a flood of new homes starting around 2002. Fueled by fast appreciation and significant investor activity, demand for new construction went up even more. When appreciation stopped, inventory shot up and values started heading down. The result today – about a years’ worth of inventory is on the market with approximately 130 homes available. At least 1/3 are bank-owned or distress sales, 1/3 are new construction, and about 1/3 are typical home resales. Again, Clarksburg is the exception here. As a whole, our County has not recently added significant new inventory.
So what does all this mean if you have to sell a home in today’s market? It’s easy to be anxious if you need to sell in the coming months, but know that homes are selling here and buyers are getting loans. Still, selling a home is hard work and it can take longer to find your buyer. You must understand your local market segment and how to position your home in it. For market segments with a large number of foreclosures, home sellers must price their home aggressively. In segments with stronger demand, sellers can stick with a premium price provided they maintain good showing activity and positive feedback. In all cases, your home must show well to stand out. With so much selection, buyers are more selective than ever.
If you are planning a sale in the coming months, give us a call and we can review activity for your specific area and recommend cost-effective improvements if needed.
| Currently No Comments »