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

 

There are currentl 41 Properties currently available in Olney 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 Olney Homes For Sale here

The most expensive active home for sale in Olney is:

 

2417 WESTMINSTER DRIVE, Olney MD 20832

$1,275,000

2417 WESTMINSTER DRIVE, Olney

Magnificent Home, Breath-Taking Private 1.58 Acres, Gourmet Kitchen, Main Lvl Library, Laundry, Mud, Sun & Family Rms, 2-Gas Firep...

  • Beds 6
  • Baths 6.0
  • MLS MC7871001

 

The least  expensive active home for sale in Olney is:

 

3210 SPARTAN ROAD Unit #3, Olney MD 20832

$109,999

3210 SPARTAN ROAD Unit #3, Olney — Camelback Village Condominium

Very well kept condo. Top floor. Perfect Location! Very close to shopping center and public transportation. Short sale. Commission...

  • Beds 1
  • Baths 1.0
  • MLS MC7896285
  • SqFt. 719

 

 

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

 

2417 WESTMINSTER DRIVE, Olney MD 20832

$1,275,000

2417 WESTMINSTER DRIVE, Olney

Magnificent Home, Breath-Taking Private 1.58 Acres, Gourmet Kitchen, Main Lvl Library, Laundry, Mud, Sun & Family Rms, 2-Gas Firep...

  • Beds 6
  • Baths 6.0
  • MLS MC7871001

 

4709 OLNEY LAYTONSVILLE ROAD, Olney MD 20832

$940,000?

4709 OLNEY LAYTONSVILLE ROAD, Olney

Needle in haystack. Two true Owner's Suites! Spectacular custom home on over 5 ACRES of park-like setting with all luxury amenitie...

  • Beds 6
  • Baths 5.0
  • MLS MC7865520

 

129 BRIMSTONE ACADEMY, Olney MD 20832

$902,995?

129 BRIMSTONE ACADEMY, Olney

Toll Brothers newest community in Montgomery County! Great schools, great location. Located just minutes from the ICC, Routes 28, ...

  • Beds 4
  • Baths 4.0
  • MLS MC7842411
  • SqFt. 4,058

 

112 BRIMSTONE ACADEMY, Olney MD 20832

$883,995?

112 BRIMSTONE ACADEMY, Olney

Toll Brothers newest community in Montgomery County! Great Schools, great location. Located just minutes from the ICC, Routes 28, ...

  • Beds 4
  • Baths 4.0
  • MLS MC7836328
  • SqFt. 4,050

 

18719 WICKHAM ROAD, Olney MD 20832

$874,990?

18719 WICKHAM ROAD, Olney

Edinburgh Model Home for Sale! This is one of PULTE's newest & most loved floor plans! The home is loaded w/ upgrades, not seen i...

  • Beds 5
  • Baths 5.0
  • MLS MC7888384

 

17108 OLD VIC, Olney MD 20832

$829,990

17108 OLD VIC, Olney

To be built home in new subdivision in Olney! Open layout is amplified by the 2 story Foyer & Grand Room. Lg gourmet kit w/ isla...

  • Beds 5
  • Baths 4.0
  • MLS MC7828562
  • SqFt. 4,536

 

18735 ASHBOURNE PLACE, Olney MD 20832

$824,990?

18735 ASHBOURNE PLACE, Olney

New homes in Olney! Spec home to be built, photo likeness shown. Gleaming hardwoods, granite counters, stainless appliances, Cat ...

  • Beds 4
  • Baths 4.0
  • MLS MC7909198

 

17111 OLD VIC BOULEVARD, Olney MD 20832

$759,990

17111 OLD VIC BOULEVARD, Olney

To be built "Pulte" home in "FABULOUS" new community of Batchellors Forest in Olney! Wonderful open flr. plan w/ 2 story fam. rm w...

  • Beds 4
  • Baths 4.0
  • MLS MC7836287
  • SqFt. 3,413

 

4807 WEATHEROAK DRIVE, Olney MD 20832

$751,315

4807 WEATHEROAK DRIVE, Olney

Grande Finale,The Reserve @ Fair Hill! The Westford is one of Pulte's most popular flr plans, & a Classic! Do not miss this buyi...

  • Beds 4
  • Baths 4.0
  • MLS MC7888320
  • SqFt. 2,923

 

4805 WEATHEROAK DRIVE, Olney MD 20832

$747,340?

4805 WEATHEROAK DRIVE, Olney

Pulte's "FABULOUS" Edinburgh floor plan! To be built. Pictures are of a model home. Open flr plan w/soaring 2 story foyer! Optona...

  • Beds 4
  • Baths 4.0
  • MLS MC7845493
  • SqFt. 3,153

 

16833 ETHELWOOD TERRACE, Olney MD 20832

$659,900

16833 ETHELWOOD TERRACE, Olney

!!!Price reduced $30k, largest lot in the neighborhood. 4 Car garage.pool/pool bar, hot tub, extensive landscaping. Fully fenced ...

  • Beds 4
  • Baths 5.0
  • MLS MC7745111

 

18629 OLNEY MILL ROAD, Olney MD 20832

$619,900

18629 OLNEY MILL ROAD, Olney

Beautiful Brick Front Featuring Open 2 story Foyer, Sep LR w/bay window, Sep DR w/chair rail, Gourmet Kit w/ Morning RM addition o...

  • Beds 4
  • Baths 3.0
  • MLS MC7884215

 

3809 BROOKE MEADOW LANE, Olney MD 20832

$569,900

3809 BROOKE MEADOW LANE, Olney

Beautifully updated four level home in Olney Mill. Fenced yard w/mature trees, deck, hot tub (opt). Formal living and dining rooms...

  • Beds 4
  • Baths 4.0
  • MLS MC7935026
  • SqFt. 3,584

 

3705 OLD BALTIMORE DRIVE, Olney MD 20832

$525,000

3705 OLD BALTIMORE DRIVE, Olney

Stunning & COMPLETELY updated Colonial with 2-car garage on a quiet, peaceful street backing to woods; Luxury REMODELED kit w/ re...

  • Beds 4
  • Baths 3.0
  • MLS MC7939191

 

17408 MACDUFF AVENUE, Olney MD 20832

$519,999

17408 MACDUFF AVENUE, Olney

Stunning 4 BR, 3.5 BA Center-Hall Colonial. Gleaming Brazilian Cherry hardwood flooring. Main level family room with gas firepla...

  • Beds 4
  • Baths 4.0
  • MLS MC7946561

 

2601 TALL TIMBERS ROAD, Olney MD 20832

$499,000?

2601 TALL TIMBERS ROAD, Olney

PRICE REDUCED!!!!!!!! What a Bargain, don't wait, this location is a peaceful 1.035 Acre of tranquility, an oasis of serenity, yet...

  • Beds 5
  • Baths 4.0
  • MLS MC7902347

 

4016 CHERRY VALLEY DRIVE, Olney MD 20832

$498,500

4016 CHERRY VALLEY DRIVE, Olney

Short sale, needs call before show, 2 dogs in house and needed to put in cage before showing, shows well

  • Beds 5
  • Baths 3.0
  • MLS MC7935200

 

4104 SIR WALTER ROAD, Olney MD 20832

$489,900

4104 SIR WALTER ROAD, Olney

Williamsburg Village gem! Home reflects the pride of ownership that makes this community so special. Four level split home with to...

  • Beds 4
  • Baths 4.0
  • MLS MC7859699
  • SqFt. 2,548

 

2700 LINDENWOOD DRIVE, Olney MD 20832

$487,000

2700 LINDENWOOD DRIVE, Olney

Wonderful traditional colonial home in James Creek subdivision in great school district with 3 finished levels. This home features...

  • Beds 5
  • Baths 4.0
  • MLS MC7884525

 

17305 GUTTENBERG COURT, Olney MD 20832

$485,000?

17305 GUTTENBERG COURT, Olney

Sparkling Colonial nestled on a quiet cul de sac features inviting front porch, foyer entry,LR & DR with gleaming wood floors, FR ...

  • Beds 4
  • Baths 3.0
  • MLS MC7913456

 

4628 BETTSWOOD DRIVE, Olney MD 20832

$484,000

4628 BETTSWOOD DRIVE, Olney

Fantastic Home! 4 Bedrooms, 3 Full Baths, Large Rooms, Family Room, Separate Dining Room, Beautiful Living Room & Deck! Newer Roof...

  • Beds 4
  • Baths 3.0
  • MLS MC7882457

 

18015 BILNEY DRIVE, Olney MD 20832

$480,000?

18015 BILNEY DRIVE, Olney

Open 10/14 1-4 PM. Shows great! Immaculate! Add >200 sq ft to public rec. 3 finished lvls, large 2 car gar,front porch w/swing, de...

  • Beds 4
  • Baths 3.0
  • MLS MC7911517
  • SqFt. 2,206

 

4806 WALTONSHIRE CIRCLE, Olney MD 20832

$469,000

4806 WALTONSHIRE CIRCLE, Olney

Beautiful brick front, end unit townhome with spacious open floorplan! Over 2200sqft - single family size! 2 story foyer, updated ...

  • Beds 3
  • Baths 4.0
  • MLS MC7940405
  • SqFt. 2,208

 

4113 QUEEN MARY DRIVE, Olney MD 20832

$469,000

4113 QUEEN MARY DRIVE, Olney

Fabulous Williamsburg Village Rancher in tip top condition. Hardwoods exposed & refinished. Windows replaced. Kitchen & bathroo...

  • Beds 4
  • Baths 4.0
  • MLS MC7914201

 

17400 SAINT THERESA DRIVE, Olney MD 20832

$465,000?

17400 SAINT THERESA DRIVE, Olney

Move into this stunning single family home w/ a two car garage at an affordable price. Renovated kitchen featuring new silestone c...

  • Beds 4
  • Baths 3.0
  • MLS MC7920611
  • SqFt. 2,164

 

2004 BISHOPS CASTLE DRIVE, Olney MD 20832

$449,900?

2004 BISHOPS CASTLE DRIVE, Olney

ENJOY THE LAKE AND POOL! Brick front, colonial, former model home.Lake Hallowell neighborhood.Screened porch w/skylights & ceiling...

  • Beds 4
  • Baths 4.0
  • MLS MC7703142
  • SqFt. 3,216

 

18309 WACHS TERRACE, Olney MD 20832

$449,000

18309 WACHS TERRACE, Olney

ABSOLUTELY FABULOUS !!!! Light and Bright this lovely home in sought after Olney School District. Three Bedrooms two full baths,Ba...

  • Beds 3
  • Baths 2.0
  • MLS MC7947093
  • SqFt. 2,128

 

18225 DARNELL DRIVE, Olney MD 20832

$427,500?

18225 DARNELL DRIVE, Olney

PRICE REDUCTION! Well maintained home with many superb amenities including great room with separate heat and ac, unique floor plan...

  • Beds 4
  • Baths 2.0
  • MLS MC7880141

 

18401 QUEEN ELIZABETH DRIVE, Olney MD 20832

$399,000

18401 QUEEN ELIZABETH DRIVE, Olney

FHA PRE-APPROVED FINANCING FELL THRU. DOM irrelevant. Open floor plan boasts fenced rear yard for privacy & enjoyment - no HOA he...

  • Beds 4
  • Baths 3.0
  • MLS MC7894652
  • SqFt. 1,748

 

2503 LITTLE VISTA TERRACE, Olney MD 20832

$395,000

2503 LITTLE VISTA TERRACE, Olney

IMMACULATE HOME! Beautiful large TH in Brooke Grove. Gleaming refinished hardwoods on main level, granite counters in table space...

  • Beds 3
  • Baths 4.0
  • MLS MC7937142


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

 

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