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

 

There are currently 213 Properties currently available in Rockville 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 Rockville Homes For Sale here

The most expensive active home for sale in Rockville is:

 

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215 AUTUMN WIND WAY, Rockville MD 20850

$1,995,000?

215 AUTUMN WIND WAY, Rockville

A chance to own a piece of Maryland history. Rose Hill Mansion features six bedrooms, five full and one half bath. A forty foot li...

  • Beds 6
  • Baths 6.0
  • MLS MC7841491

The least  expensive active home for sale in Rockville is:

14616 BAUER DRIVE Unit #1, Rockville MD 20853

$134,900?

14616 BAUER DRIVE Unit #1, Rockville — North Crk Place

This two level, one bedroom & bath condo with beautiful pergo floors, seperate entrance, and sliding glass doors to private fenced...

  • Beds 1
  • Baths 1.0
  • MLS MC7875078
  • SqFt. 941

 

Foreclosure active homes for sale in Rockville:

14848 POTOMAC CORNER LANE, Rockville MD 20850

$724,900

14848 POTOMAC CORNER LANE, Rockville

"Corporate Owned"! Luxury 4 lvl 2 garage TH w/gleaming wood flrs, Gourmet kitchen w/dbl oven, gas cooktop, mocha glazed maple cabi...

  • Beds 3
  • Baths 5.0
  • MLS MC7947478

 

746 COLLEGE PARKWAY Unit #7, Rockville MD 20850

$274,900

746 COLLEGE PARKWAY Unit #7, Rockville — Plymouth Gardens

Foreclosure/Bank Owned - Priced below market. Needs a little cosmetic work. Over 1,800 square feet. 3 finished levels, 3 bedr...

  • Beds 3
  • Baths 3.0
  • MLS MC7960455
  • SqFt. 1,869

 

14616 BAUER DRIVE Unit #1, Rockville MD 20853

$134,900?

14616 BAUER DRIVE Unit #1, Rockville — North Crk Place

This two level, one bedroom & bath condo with beautiful pergo floors, seperate entrance, and sliding glass doors to private fenced...

  • Beds 1
  • Baths 1.0
  • MLS MC7875078
  • SqFt. 941

     

     

    Latest Listings in Rockville Maryland as of 11/15/2012

     

    9707 KEY WEST, Rockville MD 20850

    $4,949,494

    9707 KEY WEST, Rockville

    This is a fictitious listing created by MRIS staff on 8/30/2012 to track the distribution of MRIS sourced listing information. NO...

    • Beds 4
    • Baths 6.0
    • MLS MC7917008

     

    215 AUTUMN WIND WAY, Rockville MD 20850

    $1,995,000?

    215 AUTUMN WIND WAY, Rockville

    A chance to own a piece of Maryland history. Rose Hill Mansion features six bedrooms, five full and one half bath. A forty foot li...

    • Beds 6
    • Baths 6.0
    • MLS MC7841491

     

    6020 TILDEN LANE, Rockville MD 20852

    $1,949,900

    6020 TILDEN LANE, Rockville

    This is a custom home you will remember! Gourmet Kitchen,Wood floor,Marble,Heated Tile Floors,Exquisite Baths,Family Room w/Large ...

    • Beds 6
    • Baths 7.0
    • MLS MC7919907

     

    15715 AVERY ROAD, Rockville MD 20855

    $1,800,000

    15715 AVERY ROAD, Rockville

    Own a piece of Maryland history! The Barnsley House circa 1900 along with 11.25 acres of prime acreage. Country living only 7 minu...

    • Beds 3
    • Baths 3.0
    • MLS MC7944549

     

    12007 PINEY MEETINGHOUSE ROAD, Rockville MD 20854

    $1,799,000

    12007 PINEY MEETINGHOUSE ROAD, Rockville

    EXQUISITE GATED ALL BRICK ENGLISH TUDOR OVER 10000 SF. OFFERS ELEGANT YET SPACIOUS LIVING, 7 BRs & 5 FBs &2 HALF , SITUATED ON 3+...

    • Beds 7
    • Baths 7.0
    • MLS MC7803316
    • SqFt. 10,274

     

    6510 TILDEN LANE, Rockville MD 20852

    $1,789,000?

    6510 TILDEN LANE, Rockville

    WOW!!! NEW Model and Price!! LAST LOT - Don't Miss !! Beautiful Build to Suite GRAYSTONE VENTURES Exquisite Luxury Homes. 0.5 Ac...

    • Beds 5
    • Baths 5.0
    • MLS MC7829609

     

    10209 DAPHNEY HOUSE WAY, Rockville MD 20850

    $1,285,000?

    10209 DAPHNEY HOUSE WAY, Rockville

    Award winning custom design toll brothers elkins model***3 car side load garage**9 ft ceilings lower level**lot premium backing to...

    • Beds 5
    • Baths 5.0
    • MLS MC7936128

     

    $1,259,000

    HILLSIDE TERRACE, Rockville

    This home to be built.... Model home in Bethesda and plans on the internet.... Please go torembrandbuilders to access pictures and...

    • Beds 4
    • Baths 5.0
    • MLS MC7937686

     

    14196 PLATINUM DRIVE, Rockville MD 20850

    $1,250,000

    14196 PLATINUM DRIVE, Rockville

    A truly rare opportunity to build your dream home in the sought after stone mill-cabin john-wooton hs cluster**two half acre lots ...

    • Beds 5
    • Baths 4.0
    • MLS MC7960591
    • SqFt. 4,500

     

    14194 PLATINUM DRIVE, Rockville MD 20850

    $1,200,000

    14194 PLATINUM DRIVE, Rockville

    A truly rare opportunity to build your dream home in the sought after stone mill-cabin john-wooton hs cluster**two half acre lots ...

    • Beds 6
    • Baths 5.0
    • MLS MC7960567
    • SqFt. 5,100

     

    6015 NEILWOOD DRIVE, Rockville MD 20852

    $1,199,900

    6015 NEILWOOD DRIVE, Rockville

    Come home to luxurious living in Luxmanor! Situated on a quiet cul-de-sac, this beauty is newly renovated from top to bottom. Ne...

    • Beds 6
    • Baths 4.0
    • MLS MC7946176
    • SqFt. 6,710

     

    4412 GREAT OAK ROAD, Rockville MD 20853

    $1,199,900?

    4412 GREAT OAK ROAD, Rockville

    NEW PRICE $100,000 REDUCTION!Gorgeous Manor Home backing to 1st hole of famed Manor Club Golfcourse!Gorgeous views w/multiple ston...

    • Beds 4
    • Baths 4.0
    • MLS MC7819505

     

    12601 CELTIC COURT, Rockville MD 20850

    $1,190,000?

    12601 CELTIC COURT, Rockville

    OPEN 11/11 SUN 3-5PM* Gorgeous, Well-Maintained Custom Built Colonial with 6 BR and 5.5 BA sited on 2 partially Wooded Acres in Un...

    • Beds 6
    • Baths 6.0
    • MLS MC7922981
    • SqFt. 5,323

     

    10211 SILVER BELL TERRACE, Rockville MD 20850

    $1,149,900?

    10211 SILVER BELL TERRACE, Rockville

    Great price Improvement! Exquisite home on premium cul-de-sac lot. Light filled, open floor plan featuring high ceilings & over si...

    • Beds 4
    • Baths 4.0
    • MLS MC7926434

     

    14130 TRAVILAH ROAD, Rockville MD 20850

    $1,125,000

    14130 TRAVILAH ROAD, Rockville

    A truly rare opportunity to build your dream home in the sought after stone mill-cabin john-wooton hs cluster**two half acre lots ...

    • Beds 5
    • Baths 4.0
    • MLS MC7960522
    • SqFt. 4,300

     

    14128 TRAVILAH ROAD, Rockville MD 20850

    $1,100,000

    14128 TRAVILAH ROAD, Rockville

    A truly rare opportunity to build your dream home in the sought after stone mill-cabin john-wooton hs cluster**two half acre lots ...

    • Beds 5
    • Baths 5.0
    • MLS MC7960209
    • SqFt. 4,200

     

    14516 CHESTERFIELD ROAD, Rockville MD 20853

    $1,095,000?

    14516 CHESTERFIELD ROAD, Rockville

    REDUCED! Exceptional residence with spectacular views of Manor Country Club's golf course* Custom home constructed with the finest...

    • Beds 4
    • Baths 5.0
    • MLS MC7868421

     

    4904 NORBECK ROAD, Rockville MD 20853

    $1,049,000

    4904 NORBECK ROAD, Rockville

    This custom built home boasts the highest quality materials and special features, located in manor country club. Dramatic 2-story ...

    • Beds 5
    • Baths 4.0
    • MLS MC7931656
    • SqFt. 5,700

     

    15920 EMORY LANE, Rockville MD 20853

    $999,000?

    15920 EMORY LANE, Rockville

    Beautiful, serene & private horse farm adjacent to Rock Creek Park. Charm, quality & convenience. House offers first floor master ...

    • Beds 3
    • Baths 3.0
    • MLS MC7726233

     

    6201 MEADOW COURT, Rockville MD 20852

    $998,000?

    6201 MEADOW COURT, Rockville

    Welcome to this very special custom split level sited on the top of the cul-de-sac! Wonderfully equipped for casual indoor & outdo...

    • Beds 5
    • Baths 3.0
    • MLS MC7855771
    • SqFt. 4,800

     

    16308 HILLCROFT DRIVE, Rockville MD 20853

    $995,000

    16308 HILLCROFT DRIVE, Rockville

    OPEN SUNDAY 9/30 1-4pm. Toll Brothers larger model (Williamsburg) with many upgrades. 4 Sides Brick, 3 Car Gar w/oversized door f...

    • Beds 5
    • Baths 6.0
    • MLS MC7919869

     

    2602 NORTHRUP DRIVE, Rockville MD 20850

    $959,000?

    2602 NORTHRUP DRIVE, Rockville

    Great Location and a spectacular former model home. Over 5,000 finished sq. ft. of space featuring a very large family room open t...

    • Beds 4
    • Baths 5.0
    • MLS MC7864524
    • SqFt. 5,276

     

    $919,000

    6001 WILLOW HILL LANE, Rockville

    Spectacular custom home on 2+ acres with public water in montgomery co. All brick home with over 7000 sq ft of living space. New ...

    • Beds 5
    • Baths 6.0
    • MLS MC7952636
    • SqFt. 7,158

     

    4006 WINTERSWEET COURT, Rockville MD 20853

    $900,000?

    4006 WINTERSWEET COURT, Rockville

    Luxury living at its best!This exquisite home boasts a fabulous location and is situated on a beautiful quiet, cul-de-sac lot. Fi...

    • Beds 5
    • Baths 5.0
    • MLS MC7428172

     

    415 MISTY KNOLL DRIVE, Rockville MD 20850

    $899,000

    415 MISTY KNOLL DRIVE, Rockville

    Welcome to this Exquisite Colonial in Highly Sought After Rose Hill Community. Beautiful Stone & Stucco Home Sits on a Large Corne...

    • Beds 5
    • Baths 5.0
    • MLS MC7939747
    • SqFt. 5,196

     

    10221 LAKEWOOD DRIVE, Rockville MD 20850

    $895,000

    10221 LAKEWOOD DRIVE, Rockville

    OPEN SUNDAY 2-4PM. Brick front split colonial w/2CG ,Situated on 0.92 acres at cu-de-sac .Updated & Renovated including new roof,h...

    • Beds 5
    • Baths 3.0
    • MLS MC7957036
    • SqFt. 3,102

     

    211 UPTON STREET, Rockville MD 20850

    $869,990

    211 UPTON STREET, Rockville

    Stunning Brand New Home in Rockville Town Center. 4 bdrms, 4.5 baths. 9' ceilings on main and lower. 2 story great rm with FP. Cr...

    • Beds 4
    • Baths 5.0
    • MLS MC7920039
    • SqFt. 4,170

     

    1113 RESERVE CHAMPION DRIVE, Rockville MD 20850

    $859,900

    1113 RESERVE CHAMPION DRIVE, Rockville

    Gorgeous TH with close to 5000ft. Larger then single family homes. Upgrade and amenities galore with wiring for professional offic...

    • Beds 6
    • Baths 6.0
    • MLS MC7924470

     

    10215 NOLAN DRIVE, Rockville MD 20850

    $859,900?

    10215 NOLAN DRIVE, Rockville

    Great reduction! See Bonus! Bring Offers!!private lot. No HOA! Wootton Cluster! Reno kit w/ granite. SS appl's and unlimited cab ...

    • Beds 5
    • Baths 5.0
    • MLS MC7852704

     

    7435 OTTENBROOK TERRACE, Rockville MD 20855

    $849,000

    7435 OTTENBROOK TERRACE, Rockville

    Essentially you are getting an $850k house for only $750k as the seller is willing to give back $100,000 at closing w/ full price ...

    • Beds 6
    • Baths 6.0
    • MLS MC7879690
    • SqFt. 4,700



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