Damascus Real Estate News & Market Updates for the week of 10/17/2012

 

There are currently 50 Properties currently available in Damascus Maryland for Montgomery County in Maryland

 

Psst. . mortgages rates are at record lows


With mortgage rates at or near record lows and prices rolled back, we are puzzled finding buyers that are still waiting for the market to drop some more.. .well. you are in for a lonnnnng wait!

An inventory shortage has whipped up a feeding frenzy in our local market. .specially in the lower range properties. With bidding wars and price increases coming from apartment renters that are finding that mortgage payments are LOWER than their monthly rental bill. .is a no brainier!

As a broker, I ask myself if  this pressure is justified? 
Would most buyers be better served by waiting?

Absolutely not!

Check the chart below.. 

rEAL eSTATE

Year over Year (YoY) statistics are on the positive side in all aspects of the market today, 

The only thing were there is a negative gain. . is  the DAYS ON THE MARKET!
Things are selling quicker now. .I can assure you.

Everything points that the market is in the upswing!

HOMES
The most dramatic data for September 2012 is the comparison of month to month from last year.
Look at the Sold Dollar Volume over 16% higher than last year.

Even the average Sold Price shows almost a 10% jump over last year. .That is good news if you are a seller. . .

HOUSES

The inventory declined to record lows in the last 12 months,if you are waiting to buy. . pay attention to this critical number 

The number of LISTINGS!

The market in 2008 when everything started to unravel.. we had 12,908 ACTIVE LISTINGS THEN
Now?
From 2008 to 2012, we have only 4500 ACTIVE LISTINGS!
Homes are selling because ..the interest rates are low and inventory is at record lows!



Search All Damascus Homes For Sale here

The most expensive active home for sale in Damascus is:

10400 MOXLEY ROAD, Damascus MD 20872

$1,375,000

10400 MOXLEY ROAD, Damascus

Move right in and start your horse boarding, breeding or training business. Beautiful home with all the upgrades. Wrap around porc...

  • Beds 4
  • Baths 3.0
  • MLS MC7909558

The least  expensive active home for sale in Damascus is:

11805 PRICES DISTILLERY ROAD, Damascus MD 20872

$140,300?

11805 PRICES DISTILLERY ROAD, Damascus

Come and see the deer and the stunning views across from this lovely home! Three large bedrooms and two full baths! Spacious deck ...

  • Beds 3
  • Baths 2.0
  • MLS MC7909307

 

Foreclosure active homes for sale in Damascus:

10020 FOUNDERS WAY, Damascus MD 20872

$499,900

10020 FOUNDERS WAY, Damascus

This lovely Colonial home was built by NV Homes with tons of upgrades featuring a two story family room with overlooking walkway, ...

  • Beds 5
  • Baths 3.0
  • MLS MC7932085

 

10109 RIDGE MANOR TERRACE Unit #4000-M, Damascus MD 20872

$159,499

10109 RIDGE MANOR TERRACE Unit #4000-M, Damascus — Ridgeview

Top floor condo located in the heart of Damascus. New paint, carpet and appliances. Vaulted ceilings. Table space kitchen. Lig...

  • Beds 2
  • Baths 2.0
  • MLS MC7937587
  • SqFt. 1,095

 

11805 PRICES DISTILLERY ROAD, Damascus MD 20872

$140,300?

11805 PRICES DISTILLERY ROAD, Damascus

Come and see the deer and the stunning views across from this lovely home! Three large bedrooms and two full baths! Spacious deck ...

  • Beds 3
  • Baths 2.0
  • MLS MC7909307

 

Latest Listings in Damascus Maryland as of 10/17/2012

 

10400 MOXLEY ROAD, Damascus MD 20872

$1,375,000

10400 MOXLEY ROAD, Damascus

Move right in and start your horse boarding, breeding or training business. Beautiful home with all the upgrades. Wrap around porc...

  • Beds 4
  • Baths 3.0
  • MLS MC7909558

 

9430 DAMASCUS ROAD, Damascus MD 20872

$999,995?

9430 DAMASCUS ROAD, Damascus

Custom all brick colonial situated on 9+ acres. Chefs kitchen with granite counter tops, stainless steel appliances. MB with gas...

  • Beds 4
  • Baths 5.0
  • MLS MC7865530

 

9513 GREENEL ROAD, Damascus MD 20872

$840,000

9513 GREENEL ROAD, Damascus

<B>an entertainers dream* over 6500 of gorgeous living space*impeccably renovated from top to bottom** custom designed chefs dream...

  • Beds 7
  • Baths 6.0
  • MLS MC7900091
  • SqFt. 6,522

 

DAMASCUS HILLS, Damascus MD 20872

$754,900

DAMASCUS HILLS, Damascus

To-be-built. Call for delivery! Craftmark's oakmont floorplan,brick front,2-car garage. Damascus overlook features estate homes on...

  • Beds 4
  • Baths 5.0
  • MLS MC7757753
  • SqFt. 5,136

 

DAMASCUS HILLS, Damascus MD 20872

$739,900

DAMASCUS HILLS, Damascus

To-be-built. Call for delivery! Craftmark's oakmont floorplan,brick front,2-car garage. Damascus overlook features estate homes on...

  • Beds 4
  • Baths 5.0
  • MLS MC7757691
  • SqFt. 5,120

 

DAMASCUS HILLS, Damascus MD 20872

$694,900

DAMASCUS HILLS, Damascus

To-be-built. Call for delivery! Craftmark's oakmont floorplan,brick front,2-car garage. Damascus overlook features estate homes on...

  • Beds 4
  • Baths 4.0
  • MLS MC7757770
  • SqFt. 4,200

 

9609 MCWHORTER FARM COURT, Damascus MD 20872

$658,000?

9609 MCWHORTER FARM COURT, Damascus

Open Sat 9/22 & Sun 9/23 1-3. Beautiful, immaculate 5 bedroom, 4 1/2 bath colonial home on a 1.2 acre lot at the end of a cul-de-s...

  • Beds 5
  • Baths 5.0
  • MLS MC7854358

 

27916 BARNES ROAD, Damascus MD 20872

$637,900

27916 BARNES ROAD, Damascus

Wow! Gorgeous 3 Level Home of approx. 4912 total sf. Offered below appraisal. Spectacular view of Sugarloaf Mtn. & sunsets. Master...

  • Beds 4
  • Baths 3.0
  • MLS MC7917995
  • SqFt. 3,394

 

9005 DAMASCUS HILLS WAY, Damascus MD 20872

$636,900

9005 DAMASCUS HILLS WAY, Damascus

(Lot-6)call for delivery! Craftmark's chevy chase floorplan,brick front,2-car sideload garage. Damascus overlook features estate h...

  • Beds 4
  • Baths 3.0
  • MLS MC7500081
  • SqFt. 2,994

 

8521 GUE ROAD, Damascus MD 20872

$625,000

8521 GUE ROAD, Damascus

Pristine 12.5 acre lot w/contemporary home built in 2004. Spectacular over view of land from this 3br, 2.5 ba. Tennessee slate foy...

  • Beds 3
  • Baths 3.0
  • MLS MC7929103
  • SqFt. 2,338

 

10806 AVONLEA RIDGE PLACE, Damascus MD 20872

$588,000

10806 AVONLEA RIDGE PLACE, Damascus

Spectacular brick front colonial on .91 acres, beautiful treed lot on quiet cul-de-sac Rd. while offering the convenience of being...

  • Beds 4
  • Baths 4.0
  • MLS MC7945643
  • SqFt. 3,848

 

26009 SCHOOL YARD COURT, Damascus MD 20872

$569,990?

26009 SCHOOL YARD COURT, Damascus

Immediate Delivery! $5000 towards closing! Luxury home with full upgrades and amenities, stainless steel appliances, granite count...

  • Beds 4
  • Baths 3.0
  • MLS MC7759734
  • SqFt. 3,191

 

26012 SCHOOL YARD COURT, Damascus MD 20872

$539,990?

26012 SCHOOL YARD COURT, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759858
  • SqFt. 3,332

 

26005 SCHOOL YARD COURT, Damascus MD 20872

$539,990?

26005 SCHOOL YARD COURT, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759759
  • SqFt. 3,191

 

26007 SCHOOL YARD COURT, Damascus MD 20872

$539,990?

26007 SCHOOL YARD COURT, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759746
  • SqFt. 3,191

 

24814 SWEET CHERRY LANE, Damascus MD 20872

$539,900

24814 SWEET CHERRY LANE, Damascus

Stunning home backing to woods. Main level offers spacious living room/dining room, gourmet kitchen with granite counters, large ...

  • Beds 4
  • Baths 5.0
  • MLS MC7940645

 

26015 SCHOOL YARD COURT, Damascus MD 20872

$534,990?

26015 SCHOOL YARD COURT, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759521
  • SqFt. 3,476

 

26014 SCHOOL YARD COURT, Damascus MD 20872

$529,990

26014 SCHOOL YARD COURT, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 4.0
  • MLS MC7932163
  • SqFt. 2,955

 

24708 TANDEM DRIVE, Damascus MD 20872

$529,000?

24708 TANDEM DRIVE, Damascus

reduced $40,000 newer roof, siding, gutters, windows, doors, hardwood floors, new kitchen, new multi-purpose room, New window tre...

  • Beds 4
  • Baths 4.0
  • MLS MC7899125

 

24601 TANDEM DRIVE, Damascus MD 20872

$520,000?

24601 TANDEM DRIVE, Damascus

4 finished levels for zoned living. Gourmet kitchen w/warming oven, abundant cabinetry & island with sub-zero refrigerator drawers...

  • Beds 4
  • Baths 4.0
  • MLS MC7807455

 

26013 SCHOOL YARD COURT, Damascus MD 20872

$509,990?

26013 SCHOOL YARD COURT, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 4.0
  • MLS MC7759706
  • SqFt. 3,384

 

10020 FOUNDERS WAY, Damascus MD 20872

$499,900

10020 FOUNDERS WAY, Damascus

This lovely Colonial home was built by NV Homes with tons of upgrades featuring a two story family room with overlooking walkway, ...

  • Beds 5
  • Baths 3.0
  • MLS MC7932085

 

10246 BETHESDA CHURCH ROAD, Damascus MD 20872

$474,990?

10246 BETHESDA CHURCH ROAD, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759949
  • SqFt. 3,023

 

10248 BETHESDA CHURCH ROAD, Damascus MD 20872

$469,990?

10248 BETHESDA CHURCH ROAD, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759916
  • SqFt. 2,820

 

10244 BETHESDA CHURCH ROAD, Damascus MD 20872

$469,990?

10244 BETHESDA CHURCH ROAD, Damascus

One of 15 homesites in a new, to-be-built community. Luxury homes with full upgrades and amenities, stainless steel appliances, gr...

  • Beds 4
  • Baths 3.0
  • MLS MC7759906
  • SqFt. 2,820

 

24318 CLUB VIEW DRIVE, Damascus MD 20872

$465,000

24318 CLUB VIEW DRIVE, Damascus

Almost $200k in 2-story addition & upgrades include kitchen & baths, windows & sliders, heat pump, patio & lighting, finished base...

  • Beds 4
  • Baths 4.0
  • MLS MC7944795
  • SqFt. 3,720

 

10424 PEAK VIEW COURT, Damascus MD 20872

$449,000

10424 PEAK VIEW COURT, Damascus

Great house

  • Beds 4
  • Baths 3.0
  • MLS MC7928488

 

10732 MIDDLEBORO DRIVE, Damascus MD 20872

$424,900?

10732 MIDDLEBORO DRIVE, Damascus

Beautifully maintained split colonial with all the features you want in sought after Spring Garden Estates. Well cared for with n...

  • Beds 4
  • Baths 3.0
  • MLS MC7693657
  • SqFt. 2,807

 

26745 HOWARD CHAPEL DRIVE, Damascus MD 20872

$390,000?

26745 HOWARD CHAPEL DRIVE, Damascus

PRICE REDUCED! Fantastic updated 4BR, 2 BA Rambler w/ Pond and almost 2.5 Private Acres. Home has large rear Screened Porch, Fresh...

  • Beds 4
  • Baths 2.0
  • MLS MC7913735

 

9813 HAWKINS CREAMERY ROAD, Damascus MD 20872

$379,900?

9813 HAWKINS CREAMERY ROAD, Damascus

Beautiful 4 level home 3 of which are finished on a half an acre of manicured gardens with an 1100 gallon koi pond, paver patio, n...

  • Beds 3
  • Baths 3.0
  • MLS MC7860939
  • SqFt. 2,054



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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Damascus Real Estate News & Market Updates for the week of 10/17/2012