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

 

There are currently 134 Properties currently available in Germantown 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 Germantown Homes For Sale here

The most expensive active home for sale in Germantown is:

13301 MANOR STONE DRIVE, Germantown MD 20874

$2,495,000

13301 MANOR STONE DRIVE, Germantown

"Greenheath" - a magnificent estate constructed by master builder Patrick Cullinane, available on 5 or 10 acres. Two story marble ...

  • Beds 7
  • Baths 10.0
  • MLS MC7890379
  • SqFt. 12,750

The least  expensive active home for sale in Germantown is:

 

12217 PEACH CREST DRIVE Unit #905-H, Germantown MD 20874

$97,000

12217 PEACH CREST DRIVE Unit #905-H, Germantown — The Knolls/N Lke

Well priced nice and bright 2nd flr unit only one flight up. Fresh paint and new carpet. Large master bedroom. Storage area in lau...

  • Beds 2
  • Baths 1.0
  • MLS MC7938714
  • SqFt. 888

 

Foreclosure active homes for sale in Germantown:

 

19712 TEAKWOOD CIRCLE Unit #70, Germantown MD 20874

$167,000?

19712 TEAKWOOD CIRCLE Unit #70, Germantown — Willow Cove Mnr

lots of space in this 3 level townhome, master bedroom suite, 2 full baths, full size washer and dryer, not a short sale, quick re...

  • Beds 3
  • Baths 3.0
  • MLS MC7869282
  • SqFt. 1,374

 

13232 WONDERLAND WAY Unit #384, Germantown MD 20874

$155,500

13232 WONDERLAND WAY Unit #384, Germantown — Farmingdale

Incredible valjue for this 3 bedroom end unit townhouse with walk out lower level and fireplace in rec room. Propert is sold in...

  • Beds 3
  • Baths 3.0
  • MLS MC7947639
  • SqFt. 1,140

 

 

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

 

13301 MANOR STONE DRIVE, Germantown MD 20874

$2,495,000

13301 MANOR STONE DRIVE, Germantown

"Greenheath" - a magnificent estate constructed by master builder Patrick Cullinane, available on 5 or 10 acres. Two story marble ...

  • Beds 7
  • Baths 10.0
  • MLS MC7890379
  • SqFt. 12,750

 

15831 BERRYVILLE ROAD, Germantown MD 20874

$1,390,000?

15831 BERRYVILLE ROAD, Germantown

Price adjustment!! Welcome to the castle! All stone custom house w/castle-like exterior on 10 subdividable acres (5 acre zoning)....

  • Beds 6
  • Baths 5.0
  • MLS MC7788283

 

14700 SENECA ROAD, Germantown MD 20874

$1,150,000?

14700 SENECA ROAD, Germantown

PRICE REDUCED...Serene retreat in Seneca, Maryland. Custom Built home on 5.5 acres of rolling land in one of the most beautiful ar...

  • Beds 5
  • Baths 5.0
  • MLS MC7541660
  • SqFt. 5,704

 

10124 SYCAMORE HOLLOW LANE, Germantown MD 20876

$1,150,000?

10124 SYCAMORE HOLLOW LANE, Germantown

A rare find! Over 8,000 well appointed sq. ft. of elegance & significant updates await the most discriminating purchaser. Gourmet...

  • Beds 6
  • Baths 6.0
  • MLS MC7349298
  • SqFt. 8,057

 

21600 DAVIS MILL ROAD, Germantown MD 20876

$1,100,000

21600 DAVIS MILL ROAD, Germantown

A rare opportunity to own a circa 1703 home with 10.5 acres.first time on the market since the 1950's.extensive renovations done I...

  • Beds 5
  • Baths 4.0
  • MLS MC7870638

 

10156 SYCAMORE HOLLOW LANE, Germantown MD 20876

$1,054,900

10156 SYCAMORE HOLLOW LANE, Germantown

Build a new MITCHELL & BEST Wellington on a 2+ acre wooded lot located in LONG MEADOWS at DAVIS MILL, a Premier Gated Community. U...

  • Beds 4
  • Baths 5.0
  • MLS MC7886702
  • SqFt. 6,100

 

14426 SENECA ROAD, Germantown MD 20874

$899,000?

14426 SENECA ROAD, Germantown

Major price reduction! Situated on a secluded cul-de-sac, this classic colonial estate sits on a 2+ acre hidden for the main stree...

  • Beds 5
  • Baths 5.0
  • MLS MC7794917
  • SqFt. 8,251

 

10160 SYCAMORE HOLLOW LANE, Germantown MD 20876

$854,990

10160 SYCAMORE HOLLOW LANE, Germantown

Build a new MITCHELL & BEST Ashton II on a 2+ acre wooded lot located in LONG MEADOWS at DAVIS MILL, a Premier Gated Community. Up...

  • Beds 4
  • Baths 3.0
  • MLS MC7886685
  • SqFt. 3,959

 

18920 LIBERTY MILL ROAD, Germantown MD 20874

$799,900

18920 LIBERTY MILL ROAD, Germantown

Build to suit, this plan or yours. Offering elegant 4-5 bedroom home with 2 story foyer, 3 car garage and NO HOA fees!!! half ac...

  • Beds 4
  • Baths 3.0
  • MLS MC7872191
  • SqFt. 3,091

 

22708 BLUE BANNER PLACE, Germantown MD 20876

$795,000?

22708 BLUE BANNER PLACE, Germantown

Wonderfully cared for Colonial on 3+ acres in sought after Banner Country subdivision. Lots of natural light with huge great room,...

  • Beds 5
  • Baths 4.0
  • MLS MC7921808

 

21305 LAWLAND COURT, Germantown MD 20876

$794,500

21305 LAWLAND COURT, Germantown

Open & Free-flowing &Impeccably maintained NV-Built "Estate in the Woods" on 2.58 ac.*4BR/3 full-BA upper-lvl*Gourmet Kit GRANITES...

  • Beds 4
  • Baths 5.0
  • MLS MC7900694
  • SqFt. 4,314

 

10148 SYCAMORE HOLLOW LANE, Germantown MD 20876

$749,990

10148 SYCAMORE HOLLOW LANE, Germantown

Build a new MITCHELL & BEST Kenbridge on a wooded lot in LONG MEADOWS AT DAVIS MILL, a Premier Gated Community in Montgomery Count...

  • Beds 4
  • Baths 3.0
  • MLS MC7886675
  • SqFt. 3,300

 

14914 SPRING MEADOWS DRIVE, Germantown MD 20874

$749,000?

14914 SPRING MEADOWS DRIVE, Germantown

Large colonial home in distinguished Miller-built development similar to Potomac Falls. Wood floors & elegant details in the home'...

  • Beds 5
  • Baths 5.0
  • MLS MC7887994

 

10000 BLUE BANNER DRIVE, Germantown MD 20876

$740,000?

10000 BLUE BANNER DRIVE, Germantown

NEW PRICE REDUCTION! Stunning 1988 VICTORIAN with a wrap porch and all the victorian detail you could want on 3 acres and a perfec...

  • Beds 6
  • Baths 6.0
  • MLS MC7557426

 

13704 CHARITY COURT, Germantown MD 20874

$725,000

13704 CHARITY COURT, Germantown

Beautifully updated with approx $360,000 in upgrades! Spacious sun filled rooms! Elegant 2-story foyer! Remod kit with granite cou...

  • Beds 4
  • Baths 4.0
  • MLS MC7892359

 

16100 GERMANTOWN ROAD, Germantown MD 20874

$719,900?

16100 GERMANTOWN ROAD, Germantown

REDUCED. Absolutely gorgeous. Fully renovated beauty nestled on a four acres private lot with swimming pool. Some of the upgrades ...

  • Beds 7
  • Baths 5.0
  • MLS MC7876262
  • SqFt. 5,696

 

21005 COG WHEEL WAY, Germantown MD 20876

$699,000?

21005 COG WHEEL WAY, Germantown

FURTHER REDUCED!!Wonderful bright colonial on cul-de-sac. This lovely home sits on two acres, has a completely fenced backyard and...

  • Beds 5
  • Baths 4.0
  • MLS MC7755454
  • SqFt. 3,595

 

21013 COG WHEEL WAY, Germantown MD 20876

$649,900

21013 COG WHEEL WAY, Germantown

BACK ON THE MARKET. GREAT VALUE. Buyer and 3rd party lender could not come to an agreement. Current list price reflects last BPO...

  • Beds 4
  • Baths 4.0
  • MLS MC7774519

 

10035 BLUE BANNER DRIVE, Germantown MD 20876

$649,900?

10035 BLUE BANNER DRIVE, Germantown

UPPER GERMANTOWN FARMETTE w/OVER 8 beautiful private acres w/spring & stream. Well cared for Colonial on a cul-de-sac centrally lo...

  • Beds 6
  • Baths 4.0
  • MLS MC7908807

 

22316 CANTERFIELD WAY, Germantown MD 20876

$649,900?

22316 CANTERFIELD WAY, Germantown

PRICE REDUCED! Fabulous country setting just moments form Germantown amenities. Stunning complete kit. renovation with cherry cab...

  • Beds 4
  • Baths 3.0
  • MLS MC7875256

 

13716 CHARITY COURT, Germantown MD 20874

$649,900?

13716 CHARITY COURT, Germantown

Sq ft in tax record incorrect(taxable living area is 3150 sq ft) no detail spared...newer systems (heat pump, hwh & roof), curved ...

  • Beds 4
  • Baths 4.0
  • MLS MC7833628
  • SqFt. 4,350

 

23133 BANK BARN COURT, Germantown MD 20876

$599,000?

23133 BANK BARN COURT, Germantown

Panoramic paradise on 2 tranquil acres boasting a wrap front porch; ML LIB; central vac; Oak stiars; intricate moldings & FR w/sto...

  • Beds 5
  • Baths 4.0
  • MLS MC7853133

 

10008 BLUE BANNER DRIVE, Germantown MD 20876

$599,000?

10008 BLUE BANNER DRIVE, Germantown

DAMASCUS SCHOOLS. Large Colonial with expansive rooms throughout. Main Level features spacious kitchen with cherry cabinets; ceram...

  • Beds 6
  • Baths 4.0
  • MLS MC7812202
  • SqFt. 3,968

 

13806 ROCKINGHAM ROAD, Germantown MD 20874

$585,000?

13806 ROCKINGHAM ROAD, Germantown

Large single family home in sought after Kingsview Village. Four bedrooms, 3 1/2 baths, finished walk-out basement with recreati...

  • Beds 4
  • Baths 4.0
  • MLS MC7771598

 

22700 RIDGE ROAD, Germantown MD 20876

$549,000?

22700 RIDGE ROAD, Germantown

RENOVATED in 2001 & 2002 4 bedroom and 4 FULL baths resting on 2 acres of manicured grounds. This one of a kind home boasts hardw...

  • Beds 4
  • Baths 4.0
  • MLS MC7928340

 

21107 HICKORY FOREST WAY, Germantown MD 20876

$549,000

21107 HICKORY FOREST WAY, Germantown

Gorgeous brick front,2 car attached garage single family home backing to woods and complete privacy!You will be hard pressed to fi...

  • Beds 4
  • Baths 4.0
  • MLS MC7885641
  • SqFt. 5,456

 

20000 YELLOW LEAF TERRACE, Germantown MD 20876

$525,500?

20000 YELLOW LEAF TERRACE, Germantown

Well maintained corner house Full of upgrades, double wire for cable and satellite,surround system;cinema,game and family room, sp...

  • Beds 5
  • Baths 4.0
  • MLS MC7903045

 

20387 MILL POND TERRACE, Germantown MD 20876

$510,000?

20387 MILL POND TERRACE, Germantown

Open 9/30 1-4.Magnifcent brick front SFH with 2 story foyer, breathtaking LR with large arched transom window, DR w/ bay window, E...

  • Beds 5
  • Baths 4.0
  • MLS MC7907271

 

11606 TALL PINES DRIVE, Germantown MD 20876

$499,000

11606 TALL PINES DRIVE, Germantown

Priced to sell ! Welcome to this lovely,well cared home.This home boasts of an open floor plan,hard wood floors in the main level ...

  • Beds 5
  • Baths 4.0
  • MLS MC7904084

 

11906 LEATHERBARK WAY, Germantown MD 20874

$480,000

11906 LEATHERBARK WAY, Germantown

A must see. Spacious well kept colonial located on cul-de-sac. Gleaming hardwood floors on main level. Enter 2 story foyer, tremen...

  • Beds 4
  • Baths 4.0
  • MLS MC7932099



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