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

 

There are currently 72 Properties currently available in North Potomac 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 North Potomac Homes For Sale here

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

 

13531 STONEBARN LANE, North Potomac MD 20878

$2,595,000?

13531 STONEBARN LANE, North Potomac

Fabulous one year old custom build masterpiece by sandy spring builders on an incredible 14 acre estate parcel with pastoral views...

  • Beds 5
  • Baths 7.0
  • MLS MC7751193

 

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

 

12338 SWEETBOUGH COURT Unit #98, North Potomac MD 20878

$224,900?

12338 SWEETBOUGH COURT Unit #98, North Potomac — Potomac Grove

MOVE-IN READY, REG. SALE, 2 BR/1.5 BA END UNIT TH IN SOUGHT AFTER POTOMAC GROVE! Eat-in kitchen, half bath & large LV/DN room comb...

  • Beds 2
  • Baths 2.0
  • MLS MC7792554
  • SqFt. 1,134

 

 

 

 

Latest Listings in North Potomac Maryland as of 10/17/2012

 

13531 STONEBARN LANE, North Potomac MD 20878

$2,595,000?

13531 STONEBARN LANE, North Potomac

Fabulous one year old custom build masterpiece by sandy spring builders on an incredible 14 acre estate parcel with pastoral views...

  • Beds 5
  • Baths 7.0
  • MLS MC7751193

 

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

 

12810 GLEN ROAD, North Potomac MD 20878

$1,990,000

12810 GLEN ROAD, North Potomac

Ballyclare Farm boasts almost 8 acres of peace an quiet. Acreage includes a 4-stall horse stable with tack room, riding ring & nat...

  • Beds 5
  • Baths 6.0
  • MLS MC7853221
  • SqFt. 7,800

 

13571 STONEBARN LANE, North Potomac MD 20878

$1,250,000?

13571 STONEBARN LANE, North Potomac

NEW PRICE 9/28! Fantastic home in Belvedere on 3.12 acres loaded w/upgrades incl gated entrance, whole house GENERATOR, 4 firepl, ...

  • 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

 

13608 GLENHURST ROAD, North Potomac MD 20878

$950,000

13608 GLENHURST ROAD, North Potomac

See Home Movie Tour! Home has been maintained & improved by original owners. Dramatic cathedral ceilings in dining & living room, ...

  • Beds 5
  • Baths 5.0
  • MLS MC7903407
  • SqFt. 6,236

 

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

 

12119 SHEETS FARM ROAD, North Potomac MD 20878

$925,000?

12119 SHEETS FARM ROAD, North Potomac

Perfectly maint' & beaut'y upgraded 5550 sq ft of lux'. Gleaming hdwds, 2-tone paint with crown & ch railing. New upgr flooring. ...

  • Beds 4
  • Baths 5.0
  • MLS MC7899069
  • SqFt. 5,550

 

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

Pony can convey! Set back in a private enclave of homes off Query Mill, this wonderful colonial features a study on main level; fa...

  • Beds 4
  • Baths 4.0
  • MLS MC7923942

 

6 ANTIGONE COURT, North Potomac MD 20878

$849,000?

6 ANTIGONE COURT, North Potomac

Open sun 10/14 1-4pm. Reduced! Majestic halle model over 3,900 sq ft sited on corner lot in cul-de-sac w/updates galore!3 zones he...

  • Beds 6
  • Baths 5.0
  • MLS MC7891207
  • SqFt. 4,658

 

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

 

13100 ESWORTHY ROAD, North Potomac MD 20878

$814,978?

13100 ESWORTHY ROAD, North Potomac

PRICE IMPROVED AND SELLERS WANT OFFER! Exceptional colonial on 2 acres close to River Rd. Enchanting views& creek. Star gaze on ro...

  • Beds 5
  • Baths 5.0
  • MLS MC7787645

 

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

 

12619 FELLOWSHIP WAY, North Potomac MD 20878

$798,000

12619 FELLOWSHIP WAY, North Potomac

Beautiful custom built 6700 square foot home including basement on a 20,000+ sq.ft. lot. No Hoa. Home features a side load 3 car...

  • Beds 5
  • Baths 4.0
  • MLS MC7897629
  • SqFt. 4,700

 

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

 

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

 

14903 DAMSON TERRACE, North Potomac MD 20878

$765,000?

14903 DAMSON TERRACE, North Potomac

Beautiful 4 BR,3.5 BA brick col w/walkout finished basement* Parkland at end of cul-de-sac***Built in 1997**Hardwood fl in foyer,L...

  • Beds 4
  • Baths 4.0
  • MLS MC7908037

 

12021 BLACKBERRY TERRACE, North Potomac MD 20878

$730,000

12021 BLACKBERRY TERRACE, North Potomac

Wonderful Colonial very well maintained by original owners. Many recent upgrades and extra features making this a valuable investm...

  • Beds 4
  • Baths 4.0
  • MLS MC7940826

 

12008 BLACKBERRY TERRACE, North Potomac MD 20878

$725,000?

12008 BLACKBERRY TERRACE, North Potomac

Beautiful colonial located on a quite cul-de-sac. Updated kitchen & master bath. 2-Story foyer, hardwood floors in foyer, living &...

  • Beds 4
  • Baths 4.0
  • MLS MC7904118

 

11509 PLEASANT MEADOW DRIVE, North Potomac MD 20878

$719,900?

11509 PLEASANT MEADOW DRIVE, North Potomac

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

  • Beds 5
  • Baths 4.0
  • MLS MC7871243

 

15108 GRAVENSTEIN WAY, North Potomac MD 20878

$719,000

15108 GRAVENSTEIN WAY, North Potomac

Don't miss this bright and sunny colonial in Potomac Grove! Hardwood floors, freshly painted, new carpet in bedrooms and lower lev...

  • Beds 5
  • Baths 4.0
  • MLS MC7934185

 

14037 SADDLE RIVER DRIVE, North Potomac MD 20878

$715,000?

14037 SADDLE RIVER DRIVE, North Potomac

Just Reduced...A Great Deal for Dufief! Stunning remodel of largest home (plus sun room addition) on largest lot (over 1/2 acre) i...

  • Beds 4
  • Baths 4.0
  • MLS MC7872772

 

15714 PISSARO TERRACE, North Potomac MD 20878

$699,999?

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

 

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



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 10/17/2012