Potomac

Map Potomac MDPotomac is included in a single zip code, 20854, and is located along the Potomac River outside the Beltway. Potomac Village is the geographical center of Potomac located at the intersection of River Road and Falls Road. Here you’ll find small upscale shops, restaurants and local businesses.

Most homes in Potomac are assigned to the Winston Churchill H.S. Cluster.  Other homes are assigned to Thomas Wootton H.S., Walt Whitman H.S. and Richard Montgomery H.S. A couple streets in the far west of Potomac are assigned to Northwest H.S. Always verify a home’s school assignment at MCPS.

Potomac Home Prices

What can you buy in Potomac? Here’s a quick summary of available inventory by price range and type of home. Scroll down to see a list of all homes available in this area.

Neighborhoods in Potomac

Here’s a few of the most popular neighborhoods in Potomac:

- Avenel - Lake Normandy Estates
- Bedfordshire - McAuley Park
- Bells Mill Estates - Montgomery Square
- Beverly Farms - Oldfield
- Bradley Farms - Orchard Ridge
- Clagett Farm - Palatine
- Copenhaver - Park Potomac
- East Gate of Potomac - Pine Knolls
- Falconhurst - Piney Glen Village
- Fallsberry - Potomac Commons
- Fallsmead - Potomac Crest
- Fallsreach - Potomac Manor
- Fawcett Farms - Potomac Ranch
- Fawsett Farms Manor - Potomac View Estates
- Fox Hills - Potomac Village
- Glen Mill Knolls - Potomac Woods
- Glen Oaks - Regency Estates
- Great Falls Estates - Regent Park
- Heritage Farm - River Falls
- Highland Stone - Roberts Glen
- Horizon Hill - Saddle Ridge
- Inverness Forest - Wheel of Fortune
- Inverness Knolls - Willerburn Acres
- Inverness North - Windsor Hills
- Kentsdale Estates - Winterset
.

Potomac Homes for Sale

Showing properties 1 - 10 of 189. See more Available Homes for Sale in Potomac.
(all data current as of 2/4/2012)

  1. 4 beds, 3 full baths
    Lot size: 15,983 sq ft
    Year built: 1967
    Parking spots: 2
    Days on market: 0
  2. 4 beds, 3 full baths
    Home size: 2,006 sq ft
    Lot size: 10,016 sq ft
    Year built: 1965
    Days on market: 1
  3. 4 beds, 4 full, 1 part baths
    Lot size: 15,218 sq ft
    Year built: 1973
    Parking spots: 2
    Days on market: 1
  4. 4 beds, 4 full, 1 part baths
    Lot size: 1.05 ac
    Year built: 1998
    Parking spots: 2
    Days on market: 2
  5. 7 beds, 4 full, 1 part baths
    Lot size: 11,578 sq ft
    Year built: 1967
    Parking spots: 1
    Days on market: 2
  6. 7 beds, 7 full, 2 part baths
    Home size: 11,638 sq ft
    Lot size: 2.00 ac
    Year built: 1998
    Parking spots: 3
    Days on market: 2
  7. 4 beds, 4 full, 1 part baths
    Lot size: 11,625 sq ft
    Year built: 1996
    Parking spots: 2
    Days on market: 2
  8. 6 beds, 3 full, 1 part baths
    Lot size: 23,317 sq ft
    Year built: 1973
    Parking spots: 2
    Days on market: 3
  9. 5 beds, 4 full, 1 part baths
    Lot size: 2.00 ac
    Year built: 1989
    Parking spots: 3
    Days on market: 5
  10. 5 beds, 4 full, 2 part baths
    Lot size: 2.08 ac
    Year built: 1982
    Parking spots: 2
    Days on market: 5

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Distress Sales in Potomac

Showing properties 1 - 10 of 18. See more Bank Properties and Short Sales in Potomac.
(all data current as of 2/4/2012)

  1. 5 beds, 3 full, 1 part baths
    Home size: 2,245 sq ft
    Lot size: 9,342 sq ft
    Year built: 1963
    Days on market: 8
  2. 3 beds, 1 full bath
    Home size: 2,436 sq ft
    Lot size: 2.00 ac
    Year built: 1870
    Days on market: 11
  3. 2 beds, 1 full bath
    Home size: 937 sq ft
    Year built: 1996
    Parking spots: 2
    Days on market: 16
  4. 4 beds, 3 full baths
    Lot size: 9,000 sq ft
    Year built: 1963
    Days on market: 17
  5. 6 beds, 3 full, 1 part baths
    Home size: 3,502 sq ft
    Lot size: 2.10 ac
    Year built: 1963
    Parking spots: 2
    Days on market: 23
  6. 5 beds, 2 full, 1 part baths
    Home size: 2,385 sq ft
    Lot size: 9,000 sq ft
    Year built: 1968
    Parking spots: 2
    Days on market: 47
  7. 7 beds, 7 full, 2 part baths
    Lot size: 2.00 ac
    Year built: 1985
    Parking spots: 3
    Days on market: 119
  8. 5 beds, 4 full, 1 part baths
    Lot size: 2.20 ac
    Year built: 1986
    Parking spots: 2
    Days on market: 125
  9. 3 beds, 3 full, 1 part baths
    Lot size: 2,000 sq ft
    Year built: 1980
    Parking spots: 2
    Days on market: 133
  10. 5 beds, 5 full, 1 part baths
    Lot size: 2.00 ac
    Year built: 2000
    Parking spots: 3
    Days on market: 148

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Signs of Recovery for Luxury Homes in Montgomery County?

Ferocious catSales of upper bracket homes have suffered over the last couple of years, yet 2010′s numbers show signs of a turnaround.  Is this the beginning of a recovery for this segment of the market, or are we seeing a dead cat bounce (apologies to cat lovers)?  Let’s take a look.

Most Expensive Sales in 2009 and 2010

Before we dig into the numbers, let’s look at the five most expensive sales in 2009 and 2010. Read the rest of this entry »

Posted by Bruce Lemieux | 2 Comments »

The State of Our $2M+ Real Estate Market

Even in today’s market, you’ll see sprawling new estates sprout up along River Road in Potomac.  A few of our clients heard that the upper end of the market was really strong, and others heard it was really soft.  So who’s right?  Let’s take a look at the stats.

Sales History Since 2005

Our market peaked in 2005/2006, so I went back to 2005 to summarize all sales for homes listed $2M or higher:

2010 09 Contracts by Month Montgomery County MD V3

The sales stats show the demand for $2M+ homes has steadily declined since 2006.  I noted the Lehman Brothers Bankruptcy since it heralded the beginning of the current Great Recession.  Still, credit for high-end properties  tightened-up many months before that.  My own personal benchmark was a very tough $1M closing in March of 2008.  The buyer got what could have been the last jumbo loan with 5% down offered by Bank of America.

Taking a look at annual sales better shows this trend:

2010 09 Contracts by Year Montgomery County MD

Location of 2M+ Sales

It’s no surprise that most of these home sales were located in Bethesda, Chevy Chase and Potomac.  What may be a little surprising is that practically all sales in Montgomery County occurred here – 98%.

2010 09 Location of 2M Month Montgomery County MD

Days to Sell

Let’s look at one more metric: time required to sell.  Compared to other price ranges, the most expensive homes have always taken longer to sell.  Since 2006, the average number of days to sell has gone up every year.

2010 09 Avg Days to Sell 2M Homes in Montgomery County MD

As home prices have come down, home buyers in this price segment can get a lot more house for the money.  Still, these trends tell us that downward pricing pressure is still very strong.  Contact us and we can help guide your home search in this market segment of Montgomery County.

Posted by Bruce Lemieux | Leave A Comment

Potomac Contracts in 2010

The overall contract activity in Potomac is 40% higher than 2009.  These statistics suggest that home prices have generally gone up this year with much stronger sales activity for homes priced over $600,000.  The market for homes priced $1.5M or higher, however, is still soft.  15% fewer homes in this price bracket have gone under contract so far this year.

2010 06 Potomac Contracts

Contact us for information about the market in Potomac and see these stats for other areas in Montgomery County.

Posted by Bruce Lemieux | Leave A Comment

Potomac Neighborhood Past Sales

z Potomac MDNot counting the last couple days of 2009, 451 homes sold for nearly $440 million in Potomac, Maryland.  2009 past sales for the most popular neighborhoods in Potomac can be accessed below. Check them out and let us know what you think.  Contact us for information on these or other Potomac neighborhoods not listed here.

Avenel Fallsreach
Lake Normandy Estates Fawsett Farms Manor
Bedfordshire Fox Hills
McAuley Park Potomac Village
Montgomery Square Potomac Woods
Bradley Farms Glen Oaks
Orchard Ridge Regency Estates
Clagett Farm Great Falls Estates
Copenhaver River Falls
Park Potomac Highland Stone
East Gate of Potomac Horizon Hill
Falconhurst Inverness Forest
Piney Glen Village Wheel of Fortune
Potomac Commons Inverness Knolls
Fallsmead Willerburn Acres
Potomac Crest Kentsdale Estates

Posted by Bruce Lemieux | 2 Comments »

Potomac Foreclosure Home Tour

Inventory remains super high for the most expensive homes in Montgomery County, so I expect to see distress sales for some time in this market segment.  Here’s a summary of three upper bracket homes in Potomac that I previewed this week:

11752 Lake Potomac Drive, Potomac

11752 Lake Potomac DriveThis home is an imposing wall of bricks.  It’s big with 7,000 sq feet of living on the main two levels and about 4,000 more on the finished lower level.  From the street, it’s classic, regal and impressive; but the layout and finishings inside are a bit bewildering.  Except for hardwoods in the library, the entire main level has granite tile flooring which most buyers would find cold and impractical.  The main level has a traditional room layout, but the upper level is maze-like – I would describe it if I could.  The lower level is bright and usable.

For a bank-owned property, it’s in good shape.  Still, especially with a home this size, a buyer will likely make significant investments to bring out its true potential.  The previous owner paid Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

Potomac Pricing Trends

z Potomac MDContracts in Potomac for the last six months are up a tepid 8% compared to the same time period in 2008.  This stat doesn’t tell the whole story, however.  For homes priced $1.1M and lower, contracts are up a dazzling 35%.  For homes priced over $1.1M, contracts are down 36%.  Here’s the breakdown by price range: Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

Notes from Tuesday Home Tour

Tuesdays are traditionally a day for real estate agents in the area to preview homes and hold Broker’s Opens.  I took a look at a few homes with acreage in Potomac and Darnestown.  Here’s my impression of the most interesting ones I saw today.

Bank Owned in Potomac

2009 07 19 Petitt Court PotomacI get a lot of questions about foreclosures in Potomac.  Normally, there isn’t much to report.  Today’s the exception.  19 Pettit Court came on the market on July 26th, is priced at $964,900 and is listed by Long and Foster.  This home has 3,900 sq feet of living space on the main two levels, sits on 2 acres and has a nice pool in back.  All the kitchen appliances and some light fixtures have been removed, but it’s in good showing condition.  The master suite and another bedroom is on the main level, and the upper level has 3 bedrooms.  A buyer would likely update bathrooms, replace some carpet and paint.  The cedar shake roof looks like it might be original (the home was built in 1978), but it’s hard to tell with cedar shake.  No funky smells and no obvious abuse.  Overall, I liked it.  It’s definitely priced to sell.  The previous owners paid $1,404,000 in 2005.

A Trip Back to the 1970s

2009 07 13500 Deakins Lane Darnestown13500 Deakins Lane in Darnestown sits on a jaw-droppingly beautiful lot of 13.5 acres.  One could mistake the  manicured back yard for a country club.  This home really gives off a strong vibe.  I’ve never met the owners, but I would bet this home has seen a lot of good times.  There’s definitely a lot of love here — sounds corny, but that’s how it feels.  The interior decor is a time capsule of the 1970s  — the shag carpet, the bold wall paper, the wood paneling — its all here.  I’m guessing that the buyer will fall in love with the lot and won’t mind bringing the home up to date.  It’s currently priced at $1,395,000.  Andrea Alderdice with W.C. & A.N. Miller/Long & Foster is the listing agent.

One Level Living with Nice Acreage

2009 07 13520 Deakins Lane Darnestown13520 Deakins Lane in Darnestown is listed for $1,199,000.  It sits on over 8 acres and has quite a regal approach.  The rooms are big and the hardwood floors are very nice.  The kitchen has been upgraded and every view outside is fantastic.  Built in 1964, it has some quirks.  The super low ceilings in the basement reduce the utility of the lower level.  I think the buyer on this home will place a high value on the main level layout and the privacy of the lot.  Andrea Alderdice with W.C. & A.N. Miller/Long & Foster also the listing agent on this property.
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Call us at 301-527-9079 or send an email for more info about these homes or any others in Montgomery County, Maryland. homes-for-sale-in-montgomery-county contact-the-lemieux-team

Posted by Bruce Lemieux | Leave A Comment

Potomac Market Update

z-potomac-mdLooking to buy a home in Potomac priced under $1M?  Don’t be surprised to be competing with other buyers.  It’s a strong seller’s market Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

Snapshot of Million Dollar Homes in Montgomery County

Amidst declining home values in Montgomery County, we still have a healthy market for homes in the upper brackets.  In 2008, 770 homes priced $950,000 or more sold for a total of $1.1 billion (with a ‘B’).  For all price ranges, about 8,500 homes sold for a total of $4.27 billion.  So even though 770 homes represents only about 9% of the number of homes sold, this was over 25% of the total sales volume for the year.

Over 80% of all homes in this price range sold in Bethesda, Potomac and Chevy Chase.  Of these areas, Chevy Chase has the Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

20854 – One Zip Code, Two Worlds

Most people think of Potomac as an area of grand estates on large, leafy lots.  One can easily find breath-taking estate homes in Potomac, but this isn’t the only type of home here.  This is a big area with about 17,000 homes.  This zip code usually takes the top spot in Montgomery County for sales volume, and is normally in the top 10 for units sold.  As you get to know the area, Potomac has two distinct flavors. Read the rest of this entry »

Posted by Bruce Lemieux | Leave A Comment

The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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