Clarksburg Real Estate News & Market Updates for the week of 11/15/2012

 

There are currently 66 Properties currently available in Clarksburg Maryland for Montgomery County in Maryland

 

Other good news overall for the whole country is about foreclosures. .

Realty Trac has reported just recently that foreclosure filings felt to a 5 year low!

We are on our way to recovery

The caveat for homeowners in our area still remain a high probability that their homes are still underwater
Don't expect prices to shoot up to 2005 levels in the near future. .
There is a sense of more disciplined healthy market growth and slow in this case is good for the economy. Home values growth will be directly proportional  at the reluctance of appraisers to increase their opinions and keep them constricted no matter what the buyers want to pay.

I can tell you that we have experienced this first hand in the last 7 days. Two of our closings were halted because of the appraisals coming way too low.


Prices of homes are going up because of the low inventory. .but only for certain price ranges. The luxury real estate remains stable . . but there are fewer people buying homes above the $750,000 and up range.

Mortgage rates at still or near record lows. This is good indication that we are still going upwards and I caution not to expect this to remain as it is. .if you are near teh decision to buy a house, you shoudl do so now.

There is no bottom of the market anymore. . .you'll  have to wait for the next recession if you want to see it again. . .better luck next time!

The  inventory shortage has whipped up a buyer frenzy in our local market. .specially in the lower range properties.
Bidding wars and price increases are coming from all angles. .
From apartment renters that are finding mortgage payments to be LOWER than their monthly rentals
To the lucky ones in position to buy and upgrade their housing.

          

The average increase in home values remains  constant in the Washington Metropolitan Area

In average overall we should see around 7% to 10% total gains from 2011.


Affordability still is an issue in Montgomery County
The median Value of owner-occupied housing in Montgomery County is $482.900
yet
The median per capita  income money is $47,310
Direct data taken  from Census.Gov
That's TEN TIMES the average housing vs income per capita
In Florida the median per capita is around $25,000
Only 5 times that. . buys them a house OVER the median value in Florida (around $125,000)
try doing the same here in Montgomery County and you will be lucky to get a condo at that price.

Our market is dependent in the affordability range. .like it or not


Until we achieve a balanced real estate market in our area. .prices will continue to be stagnant in the high end.

The most dramatic data for October 2012 is the change of SOLD DOLLAR VOLUME
A change of 23.61 %
A great representation in the condition of our local market
As you can see below: 
                                                  

Search All Clarksburg Homes For Sale here

The most expensive active home for sale in Clarksburg is:

24519 PEACH TREE ROAD, Clarksburg MD 20871

$1,750,000

24519 PEACH TREE ROAD, Clarksburg

18 acre country estate built by high-end custom contractor/car collector as his personal residence. 9' ceilings, skylights, home o...

  • Beds 4
  • Baths 6.0
  • MLS MC7881494
  • SqFt. 4,468

    The least  expensive active home for sale in Clarksburg is:

    25828 OLD HUNDRED ROAD, Clarksburg MD 20871

    $175,000

    25828 OLD HUNDRED ROAD, Clarksburg

    Motivated sellers. Home needs some work. This is your chance to own a single family home on .23acre in Montgomery County in a grea...

    • Beds 2
    • Baths 1.0
    • MLS MC7855953

     

    Foreclosure active homes for sale in Clarksburg:

    13024 BLACKSMITH DRIVE, Clarksburg MD 20871

    $419,000

    13024 BLACKSMITH DRIVE, Clarksburg

    This is a Fannie Mae HomePath property and can be purchased with as little as 3% down! This property is approved for HomePath Mort...

    • Beds 3
    • Baths 3.0
    • MLS MC7949966
    • SqFt. 2,630

     

    Latest Listings in Clarksburg Maryland as of 11/15/2012

     

    24519 PEACH TREE ROAD, Clarksburg MD 20871

    $1,750,000

    24519 PEACH TREE ROAD, Clarksburg

    18 acre country estate built by high-end custom contractor/car collector as his personal residence. 9' ceilings, skylights, home o...

    • Beds 4
    • Baths 6.0
    • MLS MC7881494
    • SqFt. 4,468

     

    11407 PIEDMONT COURT, Clarksburg MD 20871

    $1,129,900

    11407 PIEDMONT COURT, Clarksburg

    GORGEOUS rarely available Craftmark Kenwood II Colonial with all the bells & whistles. From the two story great room with gas fire...

    • Beds 6
    • Baths 8.0
    • MLS MC7925345

     

    11808 PIEDMONT ROAD, Clarksburg MD 20871

    $965,000

    11808 PIEDMONT ROAD, Clarksburg

    Truly a MUST see!!! This BRAND NEW CUSTOM home sits on a PREMIUM lot. Stone Front 3 Car Garage Hardwood floors Gourmet kitchen wit...

    • Beds 5
    • Baths 6.0
    • MLS MC7938667

     

    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

     

    12005 TREGONING PLACE, Clarksburg MD 20871

    $890,000?

    12005 TREGONING PLACE, Clarksburg

    Short Sale;LRG CUSTOM KITCHEN, CERAMIC TILE BATHS, HARDWOOD FLRS ON MAIN LEVEL,WALK-OUT SEPARATE ENTRANCE, SOLD AS IS, BUT EXCELLE...

    • Beds 5
    • Baths 5.0
    • MLS MC7557606

     

    22511 WINDING WOODS WAY, Clarksburg MD 20871

    $852,000

    22511 WINDING WOODS WAY, Clarksburg

    (Lot-22)ready for july '12 occupancy. Must see! Builder model home. 2 Sides stone.stone fireplace. Walk-out lot w/ preserved trees...

    • Beds 5
    • Baths 5.0
    • MLS MC7859672
    • SqFt. 6,315

     

    9013 DAMASCUS HILLS LANE, Clarksburg MD 20871

    $829,267

    9013 DAMASCUS HILLS LANE, Clarksburg

    (Lot-8)call for delivery. 4 Bedrooms, 5.5 baths, 3-car side-load garage, brick front. Damascus overlook. Everything you've been ...

    • Beds 4
    • Baths 6.0
    • MLS MC7852593
    • SqFt. 4,908

     

    12800 LEWISDALE ROAD, Clarksburg MD 20871

    $799,900

    12800 LEWISDALE ROAD, Clarksburg

    Horse lover's paradise, Indoor ring 94x114, Outdoor ring, 100x75, 18 stalls provide boarding opportunities, barn has 2 Tact rooms ...

    • Beds 5
    • Baths 4.0
    • MLS MC7931912
    • SqFt. 4,448

     

    23607 TREGONING DRIVE, Clarksburg MD 20871

    $798,900

    23607 TREGONING DRIVE, Clarksburg

    (Lot-8) ready now! 4 Bedrooms, 5.5 baths, 3-car sideload garage, brick front. 4 Foot extenson on the entire back of home. Final s...

    • Beds 4
    • Baths 6.0
    • MLS MC7621472
    • SqFt. 4,600

     

    23406 ARORA HILLS DRIVE, Clarksburg MD 20871

    $789,990

    23406 ARORA HILLS DRIVE, Clarksburg

    $200K+ in additions! This designer showcase boasts a spacious master suite, gourmet kitchen, fully finished lower level with built...

    • Beds 5
    • Baths 5.0
    • MLS MC7921848
    • SqFt. 6,231

     

    TREGONING DRIVE, Clarksburg MD 20871

    $789,900

    TREGONING DRIVE, Clarksburg

    To-be-built. "Kenwood" floorplan. 4 Bedrooms, 4.5 baths, 3-car sideload garage. Most phenomenal floorplan. Final section released...

    • Beds 4
    • Baths 5.0
    • MLS MC7626258
    • SqFt. 5,136

     

    TREGONING DRIVE, Clarksburg MD 20871

    $779,900

    TREGONING DRIVE, Clarksburg

    To-be-built. "Oakmont" floorplan. 4 Bedrooms, 3.5 baths, 2-car sideload garage. Most phenomenal floorplan. Final section released....

    • Beds 4
    • Baths 4.0
    • MLS MC7627706
    • SqFt. 5,120

     

    KIGGER JACK LANE, Clarksburg MD 20871

    $749,900

    KIGGER JACK LANE, Clarksburg

    To-be-built.new section & final section released. Large home-sites! Fantastic floorplans. Prices/terms/availability subject to coi...

    • Beds 4
    • Baths 5.0
    • MLS MC7797502
    • SqFt. 4,213

     

    22567 WINDING WOODS WAY, Clarksburg MD 20871

    $745,385

    22567 WINDING WOODS WAY, Clarksburg

    (Lot-35) ready dec'12. Beautiful wooded lot. Very spacious floorplan built by highly respected craftmark homes. Fireplace. Hardwoo...

    • Beds 4
    • Baths 5.0
    • MLS MC7939037
    • SqFt. 5,795

     

    24904 FREDERICK ROAD, Clarksburg MD 20871

    $700,000?

    24904 FREDERICK ROAD, Clarksburg

    This 4 bedroom 4.5 bath brick estate in a very private beautifully landscaped lot is ready to move into. All oak hardwood floors. ...

    • Beds 4
    • Baths 5.0
    • MLS MC7911738
    • SqFt. 3,221

     

    KIGGER JACK LANE, Clarksburg MD 20871

    $698,900

    KIGGER JACK LANE, Clarksburg

    To-be-built.new section & final section released. Large home-sites! Fantastic floorplans. Prices/terms/availability subject to coi...

    • Beds 4
    • Baths 5.0
    • MLS MC7797500
    • SqFt. 3,426

     

    12614 FOREMAN BOULEVARD, Clarksburg MD 20871

    $689,900

    12614 FOREMAN BOULEVARD, Clarksburg

    (Lot-45) call for delivery. Over 1 acre lot available in the clarksburg village area! 2-Car side-load garage. Hard to believe, b...

    • Beds 4
    • Baths 4.0
    • MLS MC7835786
    • SqFt. 3,426

     

    22560 CASTLE OAK BOULEVARD, Clarksburg MD 20871

    $649,990

    22560 CASTLE OAK BOULEVARD, Clarksburg

    RARELY AVAILABLE FOR IMMEDIATE DELIVERY...RYAN HOMES' FABULOUS TAYLOR in the amenity filled community of Clarksburg Village. Home ...

    • Beds 4
    • Baths 3.0
    • MLS MC7963282

     

    22575 CASTLE OAK ROAD, Clarksburg MD 20871

    $619,990?

    22575 CASTLE OAK ROAD, Clarksburg

    NV Homes' Remington Place to be built in the close -in, amenity filled community of Clarksburg Village which includes pools, club...

    • Beds 4
    • Baths 3.0
    • MLS MC7852481
    • SqFt. 4,399

     

    13403 LATROBE LANE, Clarksburg MD 20871

    $599,990

    13403 LATROBE LANE, Clarksburg

    Beautiful Model Home Available-MI Homes at Gateway Commons in Clarksburg! This lovely brick front carriage style home has it all: ...

    • Beds 4
    • Baths 4.0
    • MLS MC7931140
    • SqFt. 2,589

     

    $599,900

    22591 CASTLE OAK ROAD, Clarksburg

    Call Jessica or Ben at 301-515-2695 about NV Homes' Remington Place to be built to your specifications in the amenity filled commu...

    • Beds 4
    • Baths 3.0
    • MLS MC7964112
    • SqFt. 3,352

     

    WINDING WOODS WAY, Clarksburg MD 20871

    $594,900?

    WINDING WOODS WAY, Clarksburg

    To-be-built. The chevy chase. Phase ii, clarksburg village, now open! Walk-out lots available. Some lots backing to woods. Don't ...

    • Beds 4
    • Baths 3.0
    • MLS MC7722472
    • SqFt. 2,994

     

    22593 WINDING WOODS WAY, Clarksburg MD 20871

    $589,990?

    22593 WINDING WOODS WAY, Clarksburg

    Ryan Homes' Shakespeare Home of the week to be built in Clarksburg Village, featuring a Morning Rm, Fin Rec Rm, Gas FP, & Lux Own...

    • Beds 4
    • Baths 4.0
    • MLS MC7872538
    • SqFt. 4,383

     

    23516 SUGAR VIEW DRIVE, Clarksburg MD 20871

    $579,900?

    23516 SUGAR VIEW DRIVE, Clarksburg

    5 bedroom 3.5 Bath 5100+/- sq ft finished with 35K remodeled kitchen with granite/stainless steel appliances including 6 burner ga...

    • Beds 5
    • Baths 4.0
    • MLS MC7942936

     

    22520 WINDING WOODS WAY, Clarksburg MD 20871

    $579,090

    22520 WINDING WOODS WAY, Clarksburg

    (Lot-11)ready nov'12. Beautiful "new windsor" floorplan. Finished basement with full bath. Front porch. Clarksburg village is a o...

    • Beds 4
    • Baths 5.0
    • MLS MC7946829
    • SqFt. 3,903

     

    23117 BIRCH MEAD ROAD, Clarksburg MD 20871

    $565,000?

    23117 BIRCH MEAD ROAD, Clarksburg

    This home is perfect. Lovely hardwood floors and gourmet kitchen. Family Room has fireplace. Master Bath has soaking tub and conn...

    • Beds 5
    • Baths 5.0
    • MLS MC7911672

     

    22911 MUSCADINE DRIVE, Clarksburg MD 20871

    $548,990

    22911 MUSCADINE DRIVE, Clarksburg

    Open kitchen design allows you to prepare your meals while still entertaining your guests. Study located to maximize privacy while...

    • Beds 4
    • Baths 4.0
    • MLS MC7843362
    • SqFt. 3,226

     

    22912 MUSCADINE DRIVE, Clarksburg MD 20871

    $534,990

    22912 MUSCADINE DRIVE, Clarksburg

    Center island created for easy food prep and a place for your family to snack or spend time together. Study located to maximize pr...

    • Beds 4
    • Baths 3.0
    • MLS MC7843353
    • SqFt. 3,005

     

    WINDING WOODS WAY, Clarksburg MD 20871

    $527,900?

    WINDING WOODS WAY, Clarksburg

    To-be-built. The new windsor. Phase ii, clarksburg village, now open! Walk-out lots available. Some lots backing to woods. Don't ...

    • Beds 4
    • Baths 4.0
    • MLS MC7778268
    • SqFt. 2,988

     

    23332 RAINBOW ARCH DRIVE, Clarksburg MD 20871

    $524,900

    23332 RAINBOW ARCH DRIVE, Clarksburg

    Beautiful detached 4 bdrm, 3.5 bthrm home conveniently located in Clarksburg Village. This friendly community features pool(s) tot...

    • Beds 4
    • Baths 4.0
    • MLS MC7957201




     The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

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    Clarksburg Real Estate News & Market Updates for the week of 11/15/2012