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

 

There are currently 201 Properties currently available in  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  Potomac Homes For Sale here

The most expensive active home for sale in  Potomac is:

 

10501 CHAPEL ROAD, Potomac MD 20854

$10,000,000

10501 CHAPEL ROAD, Potomac

Custom designed 23,000 SF luxurious mansion with unique state-of-the-art features, amenities, and architecture located only minute...

  • Beds 9
  • Baths 16.0
  • MLS MC7943681

 

The least  expensive active home for sale in  Potomac is:

 

7912 STABLE WAY Unit #7912, Potomac MD 20854

$299,000

7912 STABLE WAY Unit #7912, Potomac — River Falls

WOW! Great Price make this lovely 2 level condo-townhome an incredible opportunity in WWHS - now beautifully updated & move in rea...

  • Beds 2
  • Baths 1.0
  • MLS MC7919123
  • SqFt. 937

 

 

 

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

 

10501 CHAPEL ROAD, Potomac MD 20854

$10,000,000

10501 CHAPEL ROAD, Potomac

Custom designed 23,000 SF luxurious mansion with unique state-of-the-art features, amenities, and architecture located only minute...

  • Beds 9
  • Baths 16.0
  • MLS MC7943681

 

12514 PENNYFIELD LOCK ROAD, Potomac MD 20854

$8,500,000

12514 PENNYFIELD LOCK ROAD, Potomac

See MC9001501 for accurate lot info .Rare 24 +/- acres in sought after loc. offers extraordinary opp for genuinely majestic res or...

  • Beds 5
  • Baths 4.0
  • MLS MC9001517

 

11408 HIGHLAND FARM COURT, Potomac MD 20854

$7,500,000

11408 HIGHLAND FARM COURT, Potomac

Sensational custom home by acclaimed patrick cullinane & expanded, decorated & customized by david herchik & richard looman of jd...

  • Beds 9
  • Baths 14.0
  • MLS MC7801596

 

9210 FOX MEADOW, Potomac MD 20854

$6,850,000

9210 FOX MEADOW, Potomac

Incredible masterpiece with unparallel design, materials and workmanship. Extraordinary two story wood paneled barreled ceilings I...

  • Beds 7
  • Baths 10.0
  • MLS MC7736709

 

9411 NEWBRIDGE DRIVE, Potomac MD 20854

$6,495,000?

9411 NEWBRIDGE DRIVE, Potomac

Incredible custom masterpiece by premier bldr david niroo. Limestone elevation with european villa design. Materials, finishes & w...

  • Beds 7
  • Baths 12.0
  • MLS MC7285623
  • SqFt. 18,000

 

9009 CONGRESSIONAL COURT, Potomac MD 20854

$5,999,000?

9009 CONGRESSIONAL COURT, Potomac

NEW PRICE! $1.7M Reduction. Grand Southampton Estate set on 2.10 acres incl Carriage House w/ Apt, 50'x22' heated pool w/ spa & ou...

  • Beds 8
  • Baths 10.0
  • MLS MC7737580
  • SqFt. 19,250

 

10204 IRON GATE ROAD, Potomac MD 20854

$5,995,000

10204 IRON GATE ROAD, Potomac

Spectacular french country estate by acclaimed jeffco builders. Four incredible levels feature grand salon, two family rooms, gour...

  • Beds 9
  • Baths 13.0
  • MLS MC7919334
  • SqFt. 19,500

 

8801 PERSIMMON TREE ROAD, Potomac MD 20854

$5,200,000

8801 PERSIMMON TREE ROAD, Potomac

Incredible Arts & Crafts masterpiece built by Augustine Homes. 12,000 square feet of designer interiors including dramatic paneled...

  • Beds 7
  • Baths 11.0
  • MLS MC7937607

 

9900 NEW LONDON DRIVE, Potomac MD 20854

$4,995,000

9900 NEW LONDON DRIVE, Potomac

Stately award-winning & full of light 12,000 sf+ Georgian Colonial. Privately sited on 2.5 acres w/heated pool. Dramatic 2-story...

  • Beds 7
  • Baths 8.0
  • MLS MC7490617
  • SqFt. 12,000

 

8929 HARVEST SQUARE COURT, Potomac MD 20854

$4,990,000

8929 HARVEST SQUARE COURT, Potomac

Exciting & unique describe this totally renovated home located at the end of a quiet cul-de-sac on two acs. Soaring ceilings, lots...

  • Beds 7
  • Baths 12.0
  • MLS MC7912595
  • SqFt. 17,000

 

9121 RIVER ROAD, Potomac MD 20854

$4,875,000

9121 RIVER ROAD, Potomac

Elegant chateau styled after the rodin museum in paris perfectly sited on close to 5 acres in "bradley farms", dramatic oval two s...

  • Beds 7
  • Baths 10.0
  • MLS MC7061626

 

8412 RAPLEY RIDGE LANE, Potomac MD 20854

$4,250,000

8412 RAPLEY RIDGE LANE, Potomac

Fabulous $1 Million Renovation of this Old World stone & brick beauty in the gated, sought-after Rapley Preserve at Avenel. Reple...

  • Beds 6
  • Baths 8.0
  • MLS MC7880033
  • SqFt. 11,376

 

9305 KENDALE ROAD, Potomac MD 20854

$4,250,000

9305 KENDALE ROAD, Potomac

Superb finishes & design compliment a wonderful floor plan 10' ceilings on the 1st floor, 8' solid core doors, quality materials: ...

  • Beds 7
  • Baths 11.0
  • MLS MC7847511
  • SqFt. 12,027

 

9800 SORREL AVENUE, Potomac MD 20854

$3,999,995?

9800 SORREL AVENUE, Potomac

Completely renovated in the past year by original builder, Crowell & Baker with the very best of everything. Moldings, quality bui...

  • Beds 7
  • Baths 9.0
  • MLS MC7596042

 

10208 BENTCROSS DRIVE, Potomac MD 20854

$3,995,000

10208 BENTCROSS DRIVE, Potomac

Amazing renovations have been done to one of Potomac's finest homes! An extraordinary country kitchen, butler's pantry, guest bedr...

  • Beds 8
  • Baths 11.0
  • MLS MC7943861
  • SqFt. 12,145

 

10120 COUNSELMAN ROAD, Potomac MD 20854

$3,995,000

10120 COUNSELMAN ROAD, Potomac

Brand new construction nearing a completion - incredible opportunity to have your dream home by the end of the year! Designed by...

  • Beds 8
  • Baths 9.0
  • MLS MC7863036

 

9020 BRONSON DRIVE, Potomac MD 20854

$3,995,000

9020 BRONSON DRIVE, Potomac

Award winning sandy spring builders will custom build your dream home (see plans) on this exquisite breathtaking 2 1/2 acre lot on...

  • Beds 6
  • Baths 9.0
  • MLS MC7857593

 

11622 HIGHLAND FARM ROAD, Potomac MD 20854

$3,799,000

11622 HIGHLAND FARM ROAD, Potomac

State-of-the-art renovation by Frank Bell! Designed for entertaining on any scale! Neutral decor with stunning top-of-the-line am...

  • Beds 6
  • Baths 8.0
  • MLS MC7927371

 

10401 STAPLEFORD HALL DRIVE, Potomac MD 20854

$3,795,000

10401 STAPLEFORD HALL DRIVE, Potomac

Another stunning custom home by Bradbern Construction CO Inc. Everything you've come to expect and more on a 2.08 acre lot, close-...

  • Beds 5
  • Baths 9.0
  • MLS MC7727807
  • SqFt. 13,462

 

9906 RIVER VIEW COURT, Potomac MD 20854

$3,750,000

9906 RIVER VIEW COURT, Potomac

Marwood masterpiece. World-class luxury design. Barry dixon interior design. Sutton & yantis architecture. Mitchell best & visnic ...

  • Beds 4
  • Baths 6.0
  • MLS MC7856532

 

8704 CRIDER BROOK WAY, Potomac MD 20854

$3,750,000

8704 CRIDER BROOK WAY, Potomac

LET'S MAKE A DEAL!! Amazing custom built home. FIRST FLOOR MASTER BR. 7 add. brs. 8FB 2HB Spacious rooms for entertaining & living...

  • Beds 8
  • Baths 10.0
  • MLS MC7623578
  • SqFt. 10,987

 

10823 LOCKLAND ROAD, Potomac MD 20854

$3,699,000

10823 LOCKLAND ROAD, Potomac

Country club Living at its' Best!! Superb over 12,000sq.ft Estate sited on a quiet cul-de-sac of multi-million dollar homes. Magni...

  • Beds 7
  • Baths 8.0
  • MLS MC7870893

 

12510 HUNT RIDGE LANE, Potomac MD 20854

$3,650,000

12510 HUNT RIDGE LANE, Potomac

Beautiful 12,000 SF Natural Stone & Brick Mansion w/ 5 car Garage welcomes you with 2 story Foyer & sweeping curved Stairs, Elegan...

  • Beds 6
  • Baths 8.0
  • MLS MC7837103
  • SqFt. 12,184

 

11409 HIGHLAND FARM COURT, Potomac MD 20854

$3,450,000

11409 HIGHLAND FARM COURT, Potomac

Location, Location, Location...in sought after Round Hill. Impeccably maintained custom home with 7 bedrooms, 6 full baths and 3 ...

  • Beds 7
  • Baths 9.0
  • MLS MC7835798

 

8709 CRIDER BROOK WAY, Potomac MD 20854

$3,450,000

8709 CRIDER BROOK WAY, Potomac

Magnificent 10,000+ sf custom French Manor home in sought after Bradley Farms, for the most discriminating buyer! Dramatic,open &...

  • Beds 5
  • Baths 9.0
  • MLS MC7787159
  • SqFt. 10,078

 

9250 PERSIMMON TREE ROAD, Potomac MD 20854

$3,450,000

9250 PERSIMMON TREE ROAD, Potomac

French country old world charm, 1 acre wooded lot, S. of Potomac Village, stone, authentic stucco, copper, dura-slate roof, gated ...

  • Beds 6
  • Baths 7.0
  • MLS MC7768283
  • SqFt. 10,000

 

12313 PINEY MEETINGHOUSE ROAD, Potomac MD 20854

$3,250,000

12313 PINEY MEETINGHOUSE ROAD, Potomac

Exquisite European retreat featuring every creature comfort you can imagine from the salt water pool, wine cellar, sauna to name a...

  • Beds 6
  • Baths 9.0
  • MLS MC7916308

 

10817 STANMORE DRIVE, Potomac MD 20854

$3,195,000

10817 STANMORE DRIVE, Potomac

ABSOLUTE MUST SEE! Fantastic total rebuild by BOWA Builders in '01 from basement up on 3.6+ GLORIOUS acres! His & her main level o...

  • Beds 5
  • Baths 9.0
  • MLS MC7938157

 

9301 INGLEWOOD COURT, Potomac MD 20854

$3,195,000

9301 INGLEWOOD COURT, Potomac

Award Winning Modernist Home sited on 1.9 acres just past Bradley Blvd. Over 8,000 SF with 6 BR's (2 in guest house), 6 FBA, 3 1/...

  • Beds 6
  • Baths 9.0
  • MLS MC7930785
  • SqFt. 8,000

 

12504 SYCAMORE VIEW DRIVE, Potomac MD 20854

$3,100,000

12504 SYCAMORE VIEW DRIVE, Potomac

Elegant 3 story 11,899 sq. ft. stone and brick craftsman style home on a breathtaking 5.27 acre lot of rolling terrain, having 7 b...

  • Beds 7
  • Baths 9.0
  • MLS MC7835330
  • SqFt. 11,989


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