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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)
Germantown and Boyds
Germantown (20874) is a narrow area spanning from I270 to the Potomac River. Boyds (20841) is adjacent to Germantown and extends into the Agricultural Reserve to the west.
Schools in Germantown and Boyds are summarized below. Always verify a home’s school assignment at MCPS.
- Germantown - Northwest H.S. and Seneca Valley H.S.
- Boyds - Northwest H.S., Poolesville H.S. and Clarksburg H.S.
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| Germantown and Boyds are great places to live. Call anytime at 301-527-9079 or send an email for help buying and selling in these great communities. |  |
Renovated Colonial on Cul-de-Sac
July 9th, 2010 Categories: Germantown, Our Homes
This gleaming, four bedroom colonial home is in superb condition. It’s in move-in condition with new hardwood kitchen cabinets, appliances, heating and air-conditioning, and fully renovated baths. The main level features a gas fireplace and a sunken living room. Check out all of the details at www.WheatridgeTerrace.com and call to setup a private showing!
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Spectacular Brick Townhome
July 9th, 2010 Categories: Germantown, Our Homes
The three best words to describe this brick end-unit townhome: Wow, Wow and Wow! This home is in immaculate condition and has been renovated from top to bottom. This home is full of highlights, but the two master suites are spectacular. Take a long virtual tour at www.BlackSaddleLane.com and be ready to be impressed!
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Germantown and Boyds Contracts in 2010
June 14th, 2010 Categories: Germantown
The overall contract activity in Germantown and Boyds is on third higher than in 2009. Activity has increased in most price segments. Over 86% of all contract activity took place for homes priced under $400,000.
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Charming Home in Kings Crossing
March 18th, 2010 Categories: Germantown, Our Homes
You can look at homes for months and never find one as charming as this. This 3 bedroom, 2.5 bath home features a welcoming front porch, immaculately landscaped yard and two car garage. Why buy a townhome when you can buy this better-than new home? See all the details at www.BrightPlumeTerrace.com.
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Germantown Pricing Trends
August 11th, 2009 Categories: Germantown
The number of contracts in Germantown over the last six months is up 40% compared to the same period last year. All the action is for entry level homes. Activity for homes priced $200,000 and less is up a staggering 370%. Here’s the stats for all price ranges:
See the overall Montgomery County market update and the Germantown area’s inventory by price range from June’s market update.
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| Do you have questions about the Germantown real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Germantown, Maryland. |  |
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Germantown Market Update
June 28th, 2009 Categories: Germantown
Germantown is great place for first-time home buyers in Montgomery County. Townhome sales over the last six months make up 63% of all sales. Townhomes priced $300,000 or less make up 50% of sales of all property types in all price ranges. Bank-owned and pre-foreclosures are driving this segment of the market.
Practically all sales for single family homes in Germantown and Boyds occur for homes priced $200,000 to $700,000. Demand for homes over $700,000 drops off a cliff.
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 Germantown and Boyds real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Germantown, Maryland. | |
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Three-times the sales compared to last year? Isn’t this a slow market?
November 20th, 2008 Categories: Foreclosures, Germantown, Market Updates, Silver Spring
Entry-level housing in Montgomery County is heating-up. Looking at the last four weeks, the number of contracts in many parts of Montgomery County is more than tripled compared to this time last year for homes priced under $300,000. As inventory has climbed, foreclosures and distress sales have applied downward pressure on prices in this segment.
So is this a harbinger that we’re reaching the illusive “bottom” of the real estate market? To me, it’s clear this is a sign that demand for homes in Montgomery County is fundamentally strong. For most people who live and work here, a home purchase has simply been too expensive. As prices have come down, homes are now within reach to more people. So it’s a great sign that buyers are getting into the market in such a turbulent time. Still, there’s many homes on the market. For the nine zip codes included in the chart, there are nearly 1,400 homes available in that price range. If the sales volume continues to increase over the next several months as new homes enter the market, then we can be more confident that we’re finding the floor in our market.
What trends do you see for entry level housing in Montgomery County? Are you beginning to be hopeful, or do you see harder times ahead? Add a comment and let me know your thoughts.
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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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