OLNEY, MARYLAND RESIDENTIAL REAL ESTATE MARKET - MONTGOMERY COUNTY  10/21/2009

OLNEY, MARYLAND 20832 -  REAL ESTATE TREND INDICATOR      10/14/2009

Olney, MD 20832 Townhomes Sold in September 2009 Olney Closings for Townhomes in September 2009 Address Subdivision City, State, Zip List Price Close Price Subsidy Close Date               17415 PIPERS WAY #5 OLNEY CROSSING Olney, MD 20832 $209,900 $222,600 $12,422 18-Sep-09 18012 OHARA CIR FAIR HILL FARM Olney, MD 20832 $229,900 $229,000 $6,870 28-Sep-09 6 HINES CT CASHELL MANOR Olney, MD 20832 $236,900 $235,000 $8,050 29-Sep-09 17425 GALLAGHER WAY CASHELL MANOR Olney, MD 20832 $239,900 $235,000 $4,620 25-Sep-09 17620 LONGVIEW LN CASHELL MANOR Olney, MD 20832 $265,000 $255,000 $7,650 1-Sep-09 2937 MCGEE WAY FAIR HILL FARM Olney, MD 20832 $269,900 $266,990 $12,000 8-Sep-09 3512 SOFTWOOD TER WILLIAMSBURG VILLAGE Olney, MD 20832 $269,900 $295,000 $8,850 14-Sep-09 3709 GELDERLAND CT OLNEY ... 10/10/2009

Olney, MD Detached Homes Sold in September 2009 Olney, MD Closings in Septembe 2009 Address Subdivision City, State, Zip List Price Close Price Subsidy Close Date Style                 17703 SAINT AGNES WAY HALLOWELL Olney, MD 20832 $499,000 $475,000   3-Sep-09 Colonial 18409 BOWIE MILL RD OLNEY SQUARE Olney, MD 20832 $349,900 $349,900 $10,497 14-Sep-09 Rambler 4801 BROOM DR BARNSLEY MANOR EST Olney, MD 20832 $799,000 $750,000   25-Sep-09 Colonial 4113 MORNINGWOOD DR WILLIAMSBURG VILLAGE Olney, MD 20832 $449,000 $449,000 $20,205 28-Sep-09 Colonial 5 HOLLY VIEW CT OLNEY MILL Olney, MD 20832 $449,900 $435,000 $10,800 28-Sep-09 Rancher 3621 MARTINS DAIRY CIR BROOKE MANOR FARMS Olney, MD 20832 $625,000 $615,000   28-Sep-09 Colonial 17812 WHIMSEY CT OLNEY OAKS Olney, MD 20832 $519,900 $495,0... 10/10/2009

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for August 2009.  The Red lines are the active homes, blue under contract, and green are sold.  The absorption rate is determined by the number of homes on the market and the number of homes selling that month. WOW.  August of 2009 was a complete anomaly from previous Augusts.  Usually the real estate market in Olney goes quiet during this period because of July/August vacations.  This year was an exception.  If you were considering selling, now might be the right time to call a professional.  The $8000 stimulus program along with low interest rates has really started to push the market along.  Our office has added several CDPEs.  These are Certified Distressed Property Experts.  They... 10/01/2009

Homes For Sale in OLNEY, MARYLAND Olney is one of the most desirable communities in Montgomery County. There are approximately 8,000 homes in Olney.  The zip codes are 20832 and 20833. Voted by Money Magazine in 2007 as #17 out of the top 100 places to living in the country.  You'll find every type of shopping and other services including public library, several banks, hospital, drug store, grocery stores, pet store, toy store, bakery, restaurants and more in this extremely family-friendly community.     There are currently 37 single family homes for sale in Olney, MD as follows: Address Price BR's Full Baths Half Baths Levels Fireplace Garage Bsmt Acres Age Subdivision Style                           2423 Westminster Dr $1,575,000 5 4 1 4 1 3 Yes  1.776 4 ANSCROFT Colonial 5038 Tothill... 09/30/2009

OLNEY, MARYLAND 20832 -  REAL ESTATE TREND INDICATOR     If you are thinking about buying or selling a home in zip code 20832, you should take a close look at the following report that compares the statistics for the past month with the same month last year.  During the month, there were 94 active listings of homes for sale in Olney. There were 31 new listings in the area and 26 properties went to pending new contracts.  There were 18 settlements as compared to 24 homes sold last year.  The total sold dollar volume was down 24.57%. The median sales price was $425,000.  The average sales price was 96.47% of the average list price. The average days on the market was 49 as compared to 67 days last year. It is still a soft market which favors buyers.  Buyers have the largest selection and t... 09/17/2009

OLNEY SHORT SALE LISTINGS - MONTGOMERY COUNTY MD There are 12 active short sale listings in Olney, Maryland. Click the following URL to see the report. Sort by column headings. http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-88154968-923 Why would you want to know about short sales when you are not currently in the real estate market?  These listings have a great impact on market prices. The low prices compete with regular listings by individual sellers and prospective home buyers are attracted to bargain prices. When you are searching for available homes, be sure to use Homes Prospector at www.roykelley.com for the most current information on available properties. This is a service of MRIS, our regional multiple  listing service. As you search for homes on li... 09/03/2009

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for July 2009.  The Red lines are the active homes, blue under contract, and green are sold.  The absorption rate is determined by the number of homes on the market and the number of homes selling that month. Another great month of absorption in the Olney Area.  If you were considering selling, now might be the right time to call a professional.  The $8000 stimulus program along with low interest rates has really started to push the market along.  Our office has added several CDPEs.  These are Certified Distressed Property Experts.  They are great agents who can help their clients navigate short sales and foreclosures. Absorption Rates:  July 2009  19.4% absorption rate July 2008  15.... 08/21/2009

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The decision to use childcare can be one of the most difficult decisions for working parents.  Having good quality childcare allows the parent to focus on work during the day without the worry about the children's well-being. My son started at Pampered Kids Daycare when he was about 8 months old.  From the first time we walked through the door I knew that we had found the person who would love our son as much as we did.  Miss Bev treated us like family.  She was warm and engaging and not only did my son love her but so did his older sister who was attending pre-school.  Soon we began allowing my daughter to spend days there with Miss Bev too. While my son was in Miss Bev's care I never needed to give him a second thought during the day.  I was never concerned for his safety or well-bein... 07/31/2009

The Women's Board of Montgomery General Hospital's Annual Picnic & Bazaar will be held on Tuesday, July 28, 2009 from 10am-8pm.  This will be held on the grounds of Montgomery General Hospital on Rt 108 in Olney, Maryland.  The event features great food, performances by local artists, items for sale, moonbounce, games, prizes, a clown, and much more. The event benefits the Montgomery General Hospital and the Women's Board Scholarship Fund. Come on out and have fun while supporting an important cause. 07/24/2009

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There are many wonderful places in Montgomery County Maryland to watch July 4th fireworks.  At most of these, festivites get under way at 7 or 7:30pm. Montgomery County Fairgrounds in Gaithersburg Montgomery College Campus - Rockville Soccer Plex Germantown Regional Park Albert Einstein Park - Wheaton/Kensington Poolesville Polo Ground Takoma Park Middle School Have a safe and fun 4th of July weekend! 07/02/2009

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The below listed Olney foreclosures / short sales / reo / bank owned listings in Montgomery County Maryland are all the active listings for sale in the MRIS as of today.  This is a keyword search, and sometimes you will also see homes listed from other areas.  Whenever you check back you will be updated with the latest listings, as the below link is updated daily. 20832 Olney foreclosure, short sale listings         To do your own searches for listings by county, town, and sales price.. Go to the home page of choicerealestate.net first, then click on the county you are interested in.  Norbrook Village - Anscroft - Red Door Store - Cashell Manor - Norbeck  Sandy Spring - Ashton - Fair Hill Farm - Camelback Village condos - Norbeck Grove - Hallowell - Oatland Farm - Brooke Manor Farms - B... 06/08/2009

That feeling of "love at first sight" is becoming more and more important in today's real estate market. Currently, over 80% of all home purchasers will get their first look at a home from internet photos. If they don't like what they see in the photos, they will cross the home off their list. Small changes will enhance a home's curb appeal without spending  a huge sum of money. We often recommend to home sellers that they start their sale preparation by photographing the exterior of their home. The photos will show areas that need attention and give a clear picture of what a purchaser will see in their online search for a new home.    Some cost-effective curb appeal ideas include: Clean the driveway and sidewalk with a pressure washer. Look at your front door and entryway. Does your do... 06/01/2009

Here is the Olney Area (Olney, Brookeville, Brinklow, Ashton, and Sandy Spring) supply and demand chart for April 2009.  The Red lines are the active homes, blue under contract, and green are sold.  The absorption rate is determined by the number of homes on the market and the number of homes selling that month. Our office has added several CDPEs.  These are Certified Distressed Property Experts.  They are great agents who can help their clients navigate short sales and foreclosures. Absorption Rates:  April 2009  9.4% absorption rate April 2008  16.1.4% absorption rate April 2007  17% absorption rate   05/21/2009

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  Olney Days is coming May 16-18, 2008.  There is a bike ride, contests, bands, fireworks, Mr. and Mrs. Olney crowing, classic car show, parade, and hot air Balloon Rides from RE/MAX Realty Centre.  Go to http://www.goca.org/ to get the most up to date schedule.  The fireworks on Saturday night are great.  Most of the events are held at Olney Regional Park.  Come early, stay late. It is truly one of the best small town events in the county.  If you are interested in volunteering please Helene Rosenhiem know.  05/15/2009