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MoCo Areas
- Bethesda
- Clarksburg
- Darnestown
- Gaithersburg
- Germantown
- North Potomac
- Olney
- Poolesville
- Potomac
- Rockville
- Silver Spring
Article Topics
Past Articles
- August 2010 (3)
- July 2010 (8)
- June 2010 (22)
- May 2010 (15)
- April 2010 (4)
- March 2010 (5)
- February 2010 (3)
- January 2010 (8)
- December 2009 (53)
- November 2009 (4)
- October 2009 (5)
- September 2009 (4)
- August 2009 (21)
- July 2009 (6)
- June 2009 (14)
- May 2009 (6)
- April 2009 (5)
- March 2009 (3)
- February 2009 (7)
- January 2009 (8)
- December 2008 (5)
- November 2008 (8)
Gaithersburg, Derwood and Montgomery Village
Gaithersburg (zips 20877 and 20879) and Montgomery Village (zip code 20886) are located on the northeast side of I-270 and are shown in red. Gaithersburg (zip 20886) extends north to Laytonsville and the crescent of the Agricultural Reserve. Derwood (zip 20855) is wedged between Gaithersburg and Olney to the east.
Public school assignments for this area is summarized below. Always verify a home’s school assignment at MCPS.
- Gaithersburg (20877, 20879) and Montgomery Village - Watkins Mill H.S., Gaithersburg H.S. and Magruder H.S.
- Gaithersburg (20882) – Gaithersburg H.S. and Damascus H.S.
- Derwood - Magruder H.S., Gaithersburg H.S., Richard Montgomery H.S. and Rockville H.S.
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| Communities in Gaithersburg, Montgomery Village and Derwood are great places to live. Call anytime at 301-527-9079 or send an email for help buying and selling here. |  |
Gaithersburg Contracts in 2010
June 14th, 2010 Categories: Gaithersburg
The overall contract activity in Gaithersburg, Derwood and Montgomery Village is 26% higher than 2009. Activity has increased in all price segments except for higher-priced homes – over 95% of all contract activity takes place for homes priced under $600,000.
Contact us for information about the market in Gaithersburg and see these stats for other areas in Montgomery County.
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Pristine Three Level Townhome
February 26th, 2010 Categories: Gaithersburg, North Potomac
It’s rare to discover a home in any price range with the same condition of this end-unit townhome. Everything has been updated and everything is perfect. You’ll love the condition with renovated kitchen and baths, the stylish paint and new systems. Even better, this home enjoys a fantastic location walking distance to coffee shops, a grocery store and more. Take a virtual tour and get all the details at www.100PontiacWay.com.
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Gaithersburg Pricing Trends
August 13th, 2009 Categories: Gaithersburg
Contract activity over the last six months in Gaithersburg is up over 70% from last year. Although entry level homes priced $200,000 and less make up most of the increase, activity has been up in all price ranges. Here’s the overview of the contract activity by price range:
See the overall Montgomery County market update and the Gaithersburg area’s inventory by price range from June’s market update.
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| Do you have questions about the Gaithersburg real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Gaithersburg, Maryland. |  |
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Gaithersburg Market Update
June 28th, 2009 Categories: Gaithersburg
90% of the sales in Gaithersburg are for homes listed under $500,000. For homes in this price range, the market is solid with under 3 months available inventory. Above that, the market is more balanced. As with other areas of Montgomery County, demand for homes priced around $1M or more is soft.
These stats show inventory in late June 2009 and the number of contracts for the previous six months.
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| Do you have questions about the Gaithersburg real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Gaithersburg, Maryland. | |
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Delightful brick home in Whetstone
May 25th, 2009 Categories: Gaithersburg
Not that long ago, finding a brick, four bedroom home in Montgomery County for under $500,000 was unthinkable. Today, this fantastic home is available in the low $400s. With four sides brick, hardwood flooring on the main levels and a bright walk-out lower level, this home is an unbeatable value. Tour big pictures and see all the details at www.BlueWillowLane.com.
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Gorgeous in Gaithersburg
March 13th, 2009 Categories: Gaithersburg
This colonial has fantastic space just where you need it — the kitchen, family room, sunroom and breakfast area. The kitchen island is a staggering 11 feet that can comfortably seat six. Want to get away from it all? The master suite is a mini-villa with double cathedral ceilings, hanger-sized closet, two room master bath and sitting room. Check out huge pictures and all the details at www.PineConeCourt.
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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.
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