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

 

There are currently 238 Properties currently available in Rockville 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 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:

14430 PARKVALE ROAD Unit #4, Rockville MD 20853

$164,900?

14430 PARKVALE ROAD Unit #4, Rockville — North Creek Vil

Fha approved bilevel cond available now!! New paint, carpet ans new sliding glass door slider.spacious bi level condo, . Not a sh...

  • Beds 2
  • Baths 1.0
  • MLS MC7844439
  • SqFt. 1,150

 

 

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

 

10419 OVERGATE PLACE, Rockville MD 20854

$699,900?

10419 OVERGATE PLACE, Rockville

End unit in move-in condition on premium corner lot w/fenced back yard&paver patio. Very close to community pool&tennis. HOA fee i...

  • Beds 4
  • Baths 4.0
  • MLS MC7894181
  • SqFt. 2,616

 

4413 JUDITH STREET, Rockville MD 20853

$259,900

4413 JUDITH STREET, Rockville

Great location and excellent opportunity! Bring your investors and clients who want some sweat equity. 3 Br/ 2 Ba, nice deck off t...

  • Beds 3
  • Baths 2.0
  • MLS MC7943845

 

 

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

 

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

 

9022 MARSEILLE DRIVE, Rockville MD 20854

$1,479,900?

9022 MARSEILLE DRIVE, Rockville

BEJust reduced $ 40,000 -- VERY motivated seller !!! GREAT VALUE Gorgeous and spacious home located in a well established neighbo...

  • Beds 6
  • Baths 6.0
  • MLS MC7854339

 

10209 DAPHNEY HOUSE WAY, Rockville MD 20850

$1,350,000

10209 DAPHNEY HOUSE WAY, Rockville

Award winning design toll brothers elkins model***3 car side load garage**lot premium backing to woods and creek**hardwood floors,...

  • 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

 

12601 CELTIC COURT, Rockville MD 20850

$1,229,900

12601 CELTIC COURT, Rockville

OPEN 10/14 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

 

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

 

14518 FARADAY DRIVE, Rockville MD 20853

$1,199,000?

14518 FARADAY DRIVE, Rockville

One of Manor's finest! Totally remodeled with all new systems. This home has all new baths, new gourmet kitchen and family room ...

  • Beds 4
  • Baths 5.0
  • MLS MC7787122

 

13618 CHERRYDALE DRIVE, Rockville MD 20850

$1,175,000

13618 CHERRYDALE DRIVE, Rockville

Gracious & Stately Former Model Home Features Dramatic Marble Foyer, Formal DR W/Crown Molding, Chair Rail & HW FLR, Separate Spac...

  • Beds 5
  • Baths 5.0
  • MLS MC7900030

 

13721 MOUNT PROSPECT DRIVE, Rockville MD 20850

$1,150,000?

13721 MOUNT PROSPECT DRIVE, Rockville

Sundrenched winchester colonial on 2 beautiful acre level lot. Built in 1999 this home offers a grand traditional floor plan. Hug...

  • Beds 4
  • Baths 4.0
  • MLS MC7912305

 

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

 

10521 STABLE LANE, Rockville MD 20854

$1,130,000

10521 STABLE LANE, Rockville

Wonderful 5 BR Haverhill model w/loads of recent upgrades - NEW roof, NEW kitchen, bathroom updates, fresh paint and more! Terrifi...

  • Beds 6
  • Baths 5.0
  • MLS MC7947392

 

502 PEONIES TERRACE, Rockville MD 20850

$1,100,000

502 PEONIES TERRACE, Rockville

Beautiful Pulte home in sought after Fallsgrove offers an impressive open floorplan with hardwood floors, grand living and dining ...

  • Beds 5
  • Baths 6.0
  • MLS MC7933882

 

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

 

28 LILY POND COURT, Rockville MD 20852

$939,000

28 LILY POND COURT, Rockville

This amazing home offers 6 BR's 3 FB's on 2nd level!!! Includes a Large open floor plan which is great for entertaining. This love...

  • Beds 6
  • Baths 5.0
  • MLS MC7823773

 

9908 SUNSET DRIVE, Rockville MD 20850

$905,000?

9908 SUNSET DRIVE, Rockville

Gt. New Low Price, Custom, 4 BR,,4 bath Glen Hills home w/Great flow for Entertaining! Rare 1ST Floor Master Suite, , Main level ...

  • Beds 4
  • Baths 4.0
  • MLS MC7920989

 

10215 NOLAN DRIVE, Rockville MD 20850

$900,000?

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

 

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

 

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



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 10/17/2012