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

 

There are currently 49 Properties currently available in North Potomac 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 North Potomac Homes For Sale here

The most expensive active home for sale in North Potomac is:

 

13604 STONEBARN LANE, North Potomac MD 20878

$2,199,000?

13604 STONEBARN LANE, North Potomac

All brick custom 6bed,7full ba, 2 half ba, 4fin lvl,4FP home just completed on 2acres in Belvedere.Each bed has custom bath & walk...

  • Beds 6
  • Baths 9.0
  • MLS MC7600859

 

The least  expensive active home for sale in North Potomac is:

 

43 TRIPLE CROWN COURT, North Potomac MD 20878

$275,000

43 TRIPLE CROWN COURT, North Potomac

Wow, a three level home in sought after North Potomac under $300K. Just perfect - freshly painted, new carpet and tile. Ready for...

  • Beds 3
  • Baths 2.0
  • MLS MC7959500

 

 

 

Latest Listings in North Potomac Maryland as of 11/15/2012

 

13604 STONEBARN LANE, North Potomac MD 20878

$2,199,000?

13604 STONEBARN LANE, North Potomac

All brick custom 6bed,7full ba, 2 half ba, 4fin lvl,4FP home just completed on 2acres in Belvedere.Each bed has custom bath & walk...

  • Beds 6
  • Baths 9.0
  • MLS MC7600859

 

13524 BONNIE DALE DRIVE, North Potomac MD 20878

$2,100,000?

13524 BONNIE DALE DRIVE, North Potomac

Awesome 12.8 thousand sq ft brick colonial on private 2.3 acre lot backing to wooded parkland 4 car garage soaring ceilings hardwo...

  • Beds 7
  • Baths 8.0
  • MLS MC7901855

 

13571 STONEBARN LANE, North Potomac MD 20878

$1,250,000?

13571 STONEBARN LANE, North Potomac

Fantastic home in Belvedere on 3.12 acres loaded w/upgrades incl gated entrance, whole house GENERATOR, 4 firepl, hardwd flrs on 3...

  • Beds 4
  • Baths 7.0
  • MLS MC7845683
  • SqFt. 6,124

 

13810 TURKEY FOOT ROAD, North Potomac MD 20878

$1,215,000?

13810 TURKEY FOOT ROAD, North Potomac

This beautiful home sited on over two spectacular acres in belvedere.this lovely home offers great space for entertaining as well ...

  • Beds 5
  • Baths 5.0
  • MLS MC7893626

 

13818 HIDDEN GLEN LANE, North Potomac MD 20878

$1,199,900

13818 HIDDEN GLEN LANE, North Potomac

Gorgeous NORTH POTOMAC wooded site backing to parkland and meandering creek. Exceptional location right off Turkey foot and Travil...

  • Beds 4
  • Baths 4.0
  • MLS MC7929385

 

13101 ESWORTHY ROAD, North Potomac MD 20878

$950,000?

13101 ESWORTHY ROAD, North Potomac

Close in acreage. Here is your chance to own a total of 7.55ac on 2 parcells. Sale includes 4BR, 4.5 BA sfh and 9 stall stable on ...

  • Beds 4
  • Baths 5.0
  • MLS MC7730963

 

14305 STONEVIEW PLACE, North Potomac MD 20878

$929,500?

14305 STONEVIEW PLACE, North Potomac

PRICE REDUCED! Exciting, bright & spacious 4BR/3.5BA Colonial on beautifully landscaped lot. Features include renovated eat-in Gou...

  • Beds 4
  • Baths 4.0
  • MLS MC7953630

 

12104 SHEETS FARM ROAD, North Potomac MD 20878

$919,750?

12104 SHEETS FARM ROAD, North Potomac

Stunning 5 bdrm colonial in pristine condition with main level in-law suite. Perfect for entertaining, gleaming hardwoods, superb ...

  • Beds 5
  • Baths 6.0
  • MLS MC7818341
  • SqFt. 6,851

 

13307 QUERY MILL ROAD, North Potomac MD 20878

$879,900

13307 QUERY MILL ROAD, North Potomac

Set back in a private enclave of homes off Query Mill, this wonderful colonial features a study on main level; family room w/stone...

  • Beds 4
  • Baths 4.0
  • MLS MC7923942

 

15101 GRAVENSTEIN WAY, North Potomac MD 20878

$829,000?

15101 GRAVENSTEIN WAY, North Potomac

rm.,2 walk-in closets,luxury bath; pull down stairs to floored attic; fully finished walk-out bsmnt w full bath,bdrm,work station ...

  • Beds 5
  • Baths 5.0
  • MLS MC7928006
  • SqFt. 4,996

 

12220 QUINCE VALLEY DRIVE, North Potomac MD 20878

$819,000

12220 QUINCE VALLEY DRIVE, North Potomac

Beautiful 3500 Sqft Kingsmill Model by Classic Homes Of Maryland to be built in private wooded enclave in wonderful established ne...

  • Beds 4
  • Baths 4.0
  • MLS MC7915237
  • SqFt. 3,500

 

15502 HALLMAN GROVE COURT, North Potomac MD 20878

$809,875

15502 HALLMAN GROVE COURT, North Potomac

Space and value packed into Winchester Homes expanded, double gable, brick front and steps Bradley model. Family room is 323 SF w...

  • Beds 4
  • Baths 5.0
  • MLS MC7836192

 

12222 QUINCE VALLEY DRIVE, North Potomac MD 20878

$799,000

12222 QUINCE VALLEY DRIVE, North Potomac

Beautiful home to be buildt by Classic Homes Of Maryland. The Clifton features brick elevation, hardwood floors, 3400 square feet ...

  • Beds 4
  • Baths 3.0
  • MLS MC7914958
  • SqFt. 3,400

 

15503 HALLMAN GROVE COURT, North Potomac MD 20878

$798,100

15503 HALLMAN GROVE COURT, North Potomac

All the bells and whistles, and new construction, too. Nine foot ceilings on all 3 levels, SS appliances, granite. Finished WO b...

  • Beds 4
  • Baths 5.0
  • MLS MC7836183
  • SqFt. 3,990

 

15310 KWANZAN COURT, North Potomac MD 20878

$780,000

15310 KWANZAN COURT, North Potomac

Graceful home offering 3-finished levels of thoughtful living space. 3,850 sq' above grade plus fully finished BMST(5,900 sq' tota...

  • Beds 5
  • Baths 5.0
  • MLS MC7926985

 

14800 ROLLING GREEN WAY, North Potomac MD 20878

$775,000

14800 ROLLING GREEN WAY, North Potomac

What a lovely home in sought after Stonebridge! Great neighborhood w/pool/tennis & good schools! Finished walk-out basement, fenc...

  • Beds 4
  • Baths 4.0
  • MLS MC7955927

 

15505 HALLMAN GROVE COURT, North Potomac MD 20878

$768,425

15505 HALLMAN GROVE COURT, North Potomac

Very livable Winchester Homes Danfield model 9 foot ceilings throughout. SS appliances and granite in kitchen. Luxurious owners ...

  • Beds 4
  • Baths 5.0
  • MLS MC7836196

 

11509 PLEASANT MEADOW DRIVE, North Potomac MD 20878

$719,900?

11509 PLEASANT MEADOW DRIVE, North Potomac

Open sunday 1-4! Stunning, spacious 5br, 3 1/2ba colonial in potomac farms backing to parkland! Wootton schools! Hardwoods on main...

  • Beds 5
  • Baths 4.0
  • MLS MC7871243

 

15108 GRAVENSTEIN WAY, North Potomac MD 20878

$699,000?

15108 GRAVENSTEIN WAY, North Potomac

NEW PRICE! BEST DEAL IN POTOMAC GROVE! Don't miss this bright and sunny colonial with traditional floor plan. Hardwood floors, f...

  • Beds 5
  • Baths 4.0
  • MLS MC7934185

 

14432 RICH BRANCH DRIVE, North Potomac MD 20878

$698,900?

14432 RICH BRANCH DRIVE, North Potomac

Big price reduction!! Amazing lot! Dramatic mitch/best colonial, deck backing to acres of wooded parkland, huge full walkout bas...

  • Beds 5
  • Baths 3.0
  • MLS MC7870238

 

15714 PISSARO TERRACE, North Potomac MD 20878

$695,000?

15714 PISSARO TERRACE, North Potomac

Spectacular brick-front colonial in private cul-de-sac. Beautiful finishes incl hdwds, built-ins, bay windows, French doors. Main ...

  • Beds 4
  • Baths 4.0
  • MLS MC7900133

 

11600 PARSIPPANY TERRACE, North Potomac MD 20878

$660,000?

11600 PARSIPPANY TERRACE, North Potomac

Very nice and spacious 5 bed room 3.5 bath with remodel kitchen with granite counter top, nicely finished basement with extra room...

  • Beds 6
  • Baths 4.0
  • MLS MC7855749

 

14640 ROLLING GREEN WAY, North Potomac MD 20878

$650,000

14640 ROLLING GREEN WAY, North Potomac

Spacious split level on 0.5 acre lot at the end of a private driveway! This home boasts a living room w/vaulted ceilings, an updat...

  • Beds 3
  • Baths 3.0
  • MLS MC7926390
  • SqFt. 2,464

 

12658 LLOYDMINSTER DRIVE, North Potomac MD 20878

$649,900

12658 LLOYDMINSTER DRIVE, North Potomac

INDESCRIBABLY LOVELY - EVERY DETAIL IS POLISHED. GORGEOUS Newly Updated Kitchen with Granite and Stainless and DELIGHTFUL Table S...

  • Beds 4
  • Baths 3.0
  • MLS MC7950446

 

15101 FALCONBRIDGE TERRACE, North Potomac MD 20878

$647,500

15101 FALCONBRIDGE TERRACE, North Potomac

Bright & Elegant home w/ many upgrades: kitchen, 2 baths, HVAC, roof! Largest model in neighborhood on quiet cul-de-sac. Renovate...

  • Beds 5
  • Baths 4.0
  • MLS MC7940924

 

11580 PARAMUS DRIVE, North Potomac MD 20878

$640,000?

11580 PARAMUS DRIVE, North Potomac

NEW PRICE!! Spacious Colonial located in Wootton School district. Home features a large Addition on the main level; Kitchen w/ Br...

  • Beds 5
  • Baths 4.0
  • MLS MC7888564

 

12209 CORBRIDGE COURT, North Potomac MD 20878

$629,000?

12209 CORBRIDGE COURT, North Potomac

This could be the best buy in town! 1 of the LARGEST homes in Mills Farm. Beautiful Gourmet kitchen & Family rm w/stacked stoned f...

  • Beds 4
  • Baths 3.0
  • MLS MC7907147
  • SqFt. 4,612

 

12509 SHOEMAKER WAY, North Potomac MD 20878

$624,900

12509 SHOEMAKER WAY, North Potomac

Beautifully renovated 5BR, 3.5BA home. Gourmet kitchen, stainless steel appliances, hardwood floors, crown molding, chair railing...

  • Beds 5
  • Baths 4.0
  • MLS MC7913703

 

17810 STONERIDGE DRIVE, North Potomac MD 20878

$619,000?

17810 STONERIDGE DRIVE, North Potomac

******SELLER SAYS BRING ALL OFFERS****Beautiful renovated 6/bedroom colonial!This home features * gourmet brand new maple kitchen ...

  • Beds 6
  • Baths 4.0
  • MLS MC7911854

 

12655 LLOYDMINSTER DRIVE, North Potomac MD 20878

$615,000

12655 LLOYDMINSTER DRIVE, North Potomac

Immaculate 4 br- 3.5 ba colonial * many recent upgrades (over $100,000)* 1st floor office * family room w/fp * 2 car garage * tabl...

  • Beds 4
  • Baths 4.0
  • MLS MC7957353



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