Real Estate Information

Home Sales in Silver Spring, Maryland 20902 

The housing market in zip code 20902 surged during June.  A total of $17.8 million worth of homes sold this June compared to June of last year – a 38.72 percent increase. 

The median price of homes that sold was up 18.41 percent, and the number of units sold increased by 18.60 percent. 

Also of significance: The average days on the market for homes that sold was only 30 days, compared to 103 days last year.

Home Sales in Gaithersburg, Maryland 20878 

Things were hopping in Gaithersburg last month.  A total of $39.9 million worth of homes sold during June, which is up 12.51 percent compared to June of last year. 

The total number of homes sold increased by 21.92 percent, and the time that sold homes lingered on the market dropped by 58.67 percent.

Home Sales in Chevy Chase, Maryland 20815

A total of $58.6 million worth of homes sold in Chevy Chase, MD during June 2010, which is up 24.99 percent compared to June of last year.

The median sold price was up 14.36 percent, and the total units sold increased by 25.53 percent during that same period.

Given all the problems elsewhere, that adds up to some very welcome news for Chevy Chase homeowners.

Montgomery County, Maryland Home Sales 

A total of $579,734,994 worth of homes sold in Montgomery County during June, which is an 11.82 percent increase over June of year.

 The median price of homes that sold dropped slightly – by 0.57 percent, and the total number of homes that sold was up by 12.10 percent. 

Of great interest is that the number of homes which went under contract in June increased slightly compared to May.  So the end of the $8,000 tax credit seems not to have stalled home sales here.

Lowest mortgage rates in fifty years 

Mortgage interest rates reached their lowest level in fifty years – down to 4.69 percent last week for thirty-year fixed rate mortgages. 

Time to refinance, if you haven’t recently done so!  If you need the name of a good lender, please let us know....

Market Update for Bethesda, Maryland 20817 

A total of $28.50 million worth of homes sold in zip code 20817 during May, a drop of 7.63% compared to May of last year. 

The median price was up slightly -- by 3.12% -- and the total number of homes sold was down 17.07% during this time frame. 

Given the uptick in activity we’ve been seeing in nearby zip codes, the sales downturn in 20817 is anomalous, and we suspect, short-term.  We’ll keep you posted.

Home Sales in Potomac, Maryland 20854 

A total of $40.36 million worth of homes sold in Potomac during May – a 93.18 percent increase compared to May of last year. 

The median price of homes that sold was up 14.98 percent and the number of units sold increased by 88.46 percent compared to last year. 

Also, the average days on the market for homes that sold dropped 65.71 percent… all around good news for sellers.

Market Update for Chevy Chase, Maryland 20815 

During May a total of $22,085,419 worth of homes sold in zip code 20815, which is an increase of 21.98% compared to May of last year. 

The median price of homes that sold was up 11.79% and the number of homes sold increased by 23.08%, so it was a good month for home sellers in Chevy Chase.

Real Estate Update for Rockville, Maryland 20852 

A total of $25.4 million worth of homes sold in Rockville during May 2010, which represents a 44.50 percent increase over May 2009. 

The median price of homes sold was down 7.66 percent, but the number of homes that sold increased by 54.05 percent during this timeframe.

Homes Sales in Gaithersburg, Maryland, 20878 

During May a total of $41,638,497 worth of homes sold in zip code 20878, an increase of 88.57 percent over May of 2009.

The median price of homes sold was up 8.80 percent, and the total number of homes sold jumped by 74.00 percent during that same timeframe. 

So thing are heating up….