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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)
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Rockville and North Bethesda
Rockville includes the zip codes of 20850, 20851, 20852 and 20853. Homes in North Bethesda are in Rockville zip 20852. The city of Rockville is the fifth largest city in Maryland and is the county seat of Montgomery County.
Homes in Rockville and North Bethesda are assigned to the Richard Montgomery H.S., Gaithersburg H.S., Thomas Wootton H.S., Magruder H.S., Rockville H.S. and the Downcounty Consortium school clusters. Always verify a home’s school assignment at MCPS.
Are you just learning about Montgomery County? Take a tour and see all home prices for Montgomery County.
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| Rockville and North Bethesda is a great place to live. Call anytime at 301-527-9079 or send an email for help buying and selling in this great area. |  |
Rockville Pricing Trends
August 9th, 2009 Categories: Rockville
Compared to the previous six months last year, sales in the Rockville area are smoking — up over 25%. Affordability is driving the increase in sales. Contracts for homes priced $300,000 or lower is up 170% from last year. Most of these are distress sales — short sales and bank owned properties. Activity for sales in higher price ranges has been generally lower. Here’s the graph:
See the overall Montgomery County market update and the Rockville area’s inventory by price range from June’s market update.
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| Do you have questions about the Rockville real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Rockville, Maryland. |  |
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Home Prices in Walter Johnson H.S. Cluster
August 1st, 2009 Categories: Bethesda, Rockville, Schools
The Walter Johnson page is the 5th most popular school area on this site. Homes in this cluster are the most affordable of the ‘Top 5′. Looking at the last six months, home sales here have been brisk with around 460 contracts and only about 230 homes are currently available giving an overall inventory of 3 months. 51% of the sales were detached homes, 35% condos and 13% townhomes.
Here’s a breakdown of sales and inventory by price range:
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| Looking for homes in a specific school district in Montgomery County? Call us at 301-527-9079 or send an email and we can establish a custom home search. | |
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Rockville Market Update
June 28th, 2009 Categories: Rockville
For homes priced under $700,000, it’s a hot seller’s market in Rockville and North Bethesda. 60% of the sales are single family home with 20% condos and 20% townhomes. Most of the action here is for single family homes priced under $400,000 making up almost 40% of all sales. The stats are a little skewed for homes priced over $1 million since there’s little activity in Rockville in this market segment. 30 homes priced $1M or more are currently available. 15 homes in this price range have gone under contract over the last six months indicating about a years’ worth of inventory.
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 Rockville real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Rockville, Maryland. | |
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You bargain hunters are driving me crazy!
June 8th, 2009 Categories: Buying, Foreclosures, North Potomac, Potomac, Rockville
At least once a week I have the following conversation with a buyer:
Buyer - I’m really interested in foreclosures so I can get a great price.
Me - OK, foreclosures have pushed prices lower in several segments of our market. What else are you looking for?
Buyer - I would like a single family home in Potomac, Rockville or North Potomac under $1M in a good school district.
Me - Now we have a problem.
Don’t get me wrong, no one loves a bargain better than me. When buying a home, however, having “get a bargain” as the #1 purchase criteria is a recipe for disappointment. Why? Primarily, the inventory of distress sales is very low — and getting lower. This removes 80% of the available market for consideration.
But getting a bargain isn’t the primary criteria, is it? You also want a home that meets your needs and is located in your desired area and goes to your preferred school district. Filter the inventory of distress sales with this critieria and there’s nothing left.
Take a different approach. Even if distress sales are unavailable for homes that meet your needs, you can still find good values. Step #1 – Focus on the homes that meet your needs first. Step #2 – Find the best values within this subset of homes. Some distress sales may now be worth a look, but don’t overlook regular resales. For my buyers, I’ve negotiated the very best values with sellers who are motivated and have a lot of home equity.
Don’t be disappointed. First – find homes that meet your needs. Next – narrow in on the bargains.
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| Do you have questions about the Montgomery County real estate market? Call us at 301-527-9079 or send an email for more info about buying, selling and living in Montgomery County, Maryland. | |
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This King Farm townhome has it all
February 26th, 2009 Categories: Rockville
This townhome has it all: brick end-unit, professional decor, oversized master suite, finished lower level, two car garage, private courtyard and more. What more could a homeowner want? “Location”, you say? You’re a quick walk to shops, restaurants and the King Farm Shuttle only minutes from the Metro Redline. Check out lots of big pics. See all the details at www.KingFarmTown.com.
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One level luxury in King Farm
January 24th, 2009 Categories: Rockville
King Farm is a fantastic planned community in Montgomery County. Everything is just a quick walk away – pools, parks, restaurants, coffee shops, grocery stores and more. With the King Farm shuttle, homeowners are on the Metro Red Line in minutes — no car required! This home has many great features. It’s really big with over 2,300 square feet of living space on the main levels, it features a 1st floor master suite, and – maybe best of all – it’s the former Bozzuto model so it’s loaded with tons of features: amazing kitchen, professional decor and window treatments, fireplace, hardwood floors and more. See tons of big pics, then visit this home’s private web site at www.807Gaither.com for all the details.
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