Area Real Estate News & Market Updates for Montgomery County Maryland for August - September 2012

Real Estate Market Report

Including all homes for sale in the following cities:

Clarksburg, Damascus, Germantown, Boyds, Olney, Montgomery Village,Gaithersburg, Rockville, North Potomac, Bethesda, North Bethesda, Poolesville, Kensington and Silver Spring

The market report for August 2012 has good news and bad
Lets take a quick look at the report for Montgomery County Maryland
The bad news first: In May there was only 69000 jobs added for the whole United States.
The good news is that the private sector generated 1.8 million jobs between May 2011 to May 2012
Our local econ my is tops when it comes to job creations and economic conditions. .that is the good news!
Unemployment rate is 5.6% in Maryland compared to the rest of the country
The laws of SUPPLY AND DEMAND are forecasting what the end of the year and the start of 2013 would look like, ,
PRICES WILL GO UP BECAUSE OF LOW INVENTORY AND A GROWING POOL OF BUYERS. .. UNABLE TO BUY & COMPETE WITH OTHERS FOR THE VERY FEW LISTINGS AVAILABLE OUT THERE.


Activity in the Real Estate market is high . .but inventories  are at record lows
Easy to figure this out. .
A lot of people want to sell but, their equities are still too low to motivate them.
Most of the inventory is coming from the MUST SELL homeowners to short sales and a few foreclosures out there.
If you are a buyer, my advice is to act quickly and be prepared before going out there.
Montgomery County in Maryland is tops when it comes to job growth and real estate in the nation.
These numbers represent a vivid economy compressing like a spring to jump ahead to record numbers in the near future.
Notice the number of listing for August 2012
2345 Active Listings available
This is the lowest number recorded in the last 7 years
We have buyers. . but the listings are simply not there!
Prices are rising because of this.
The average Days on Market has dropped over 17% from last year, indicating the trend mentioned above. Listing priced well, are selling very quick!
Check a general overview of the market in the video below:
 
Sample Listings in Montgomery County Maryland
10215 NOLAN DRIVE, Rockville MD 20850
$900,000?

10215 NOLAN DRIVE, Rockville

Great reduction! See Bonus! Bring Offers!!private lot. No HOA! Wootton Cluster! Reno kit w/ granite. SS appl's and unlimited cab ...
  • Beds 5
  • Baths 5.0
  • MLS MC7852704
14937 TURKEY FOOT ROAD, Darnestown MD 20878
$900,000?

14937 TURKEY FOOT ROAD, Darnestown

Simple elegance in this solid brick "one of a kind" custom home sited on 1.24 acres. Charming frt porch, oak flrs on two lvls, 4 f...
  • Beds 6
  • Baths 6.0
  • MLS MC7755622
  • SqFt. 6,271
4006 WINTERSWEET COURT, Rockville MD 20853
$900,000?

4006 WINTERSWEET COURT, Rockville

Luxury living at its best!This exquisite home boasts a fabulous location and is situated on a beautiful quiet, cul-de-sac lot. Fi...
  • Beds 5
  • Baths 5.0
  • MLS MC7428172
948 GENTLEWOOD STREET, Gaithersburg MD 20878
$899,999?

948 GENTLEWOOD STREET, Gaithersburg

Breathtaking at every turn! Gorgeous upgrades include hrdwds all 3 lvls, gourmet kitch w/granite, cherry & huge brkfst bar, 2 st...
  • Beds 4
  • Baths 5.0
  • MLS MC7894334
10608 FLORAL PARK LANE, North Potomac MD 20878
$899,990?

10608 FLORAL PARK LANE, North Potomac

Wootton h.s. District and 4,320 sq ft of living space! Gorgeous brick colonial with 3 finished levels, 4 bedrooms, 4.5 bathrooms, ...
  • Beds 4
  • Baths 5.0
  • MLS MC7799804
  • SqFt. 4,320
11933 KIGGER JACK LANE, Clarksburg MD 20871
$899,975

11933 KIGGER JACK LANE, Clarksburg

Gorgeous, brick Craftmark Oakton with all the bells and whistles! Gourmet kitchen w/ SS appliances & granite counter tops. Floor-t...
  • Beds 5
  • Baths 6.0
  • MLS MC7902870
  • SqFt. 6,673
10806 HILLBROOKE LANE, Potomac MD 20854
$899,900

10806 HILLBROOKE LANE, Potomac

A fabulous house, churchill district. More than 4000 sf on this 3lv colonial, truly like a model home. All custom&designer touches...
  • Beds 5
  • Baths 4.0
  • MLS MC7899016
507 DENNIS AVENUE, Silver Spring MD 20901
$899,900

507 DENNIS AVENUE, Silver Spring

Amazing opportunity to own 1890 Colonial on lg 3/4 acre lot near 495/95. 2 additional adjoining lots convey with purchase. Propert...
  • Beds 6
  • Baths 4.0
  • MLS MC7897773
9128 GEORGIA AVENUE, Silver Spring MD 20910
$899,900

9128 GEORGIA AVENUE, Silver Spring

Stunning, nearly new contemporary Colonial, in a private 4-home enclave, just blocks from the vibrant center of downtown Silver Sp...
  • Beds 5
  • Baths 6.0
  • MLS MC7889855
19337 CYPRESS HILL WAY, Gaithersburg MD 20879
$899,900?

19337 CYPRESS HILL WAY, Gaithersburg

Stunning 5br, 4 full ba stone front colonial on 3+ acres in sought-after brookefield. Chef's kit w/ island, granite & ss, sunroom,...
  • Beds 5
  • Baths 5.0
  • MLS MC7827935
  • SqFt. 7,060