Explore Potomac, MD
By Roy Kelley
(Realty Group Referrals)
Comments 1
Potomac Homes for Sale, Pre-foreclosures, REO - Montgomery County MD Home owners and prospective home buyers are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 165 active listings excluding the lender owned (REO) homes and the short sale listings.   Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-97369856-952 The second report shows the 3 short sale listings...
By Courtney Donato-Griffiths
(Keller-Williams Metro Realty Serving the Greater D.C. Area)
Comments 0
If selling your Montgomery County home would be the best Christmas present you could get, recent statistics from that Metropolitan Regional Information Systems Inc.,(MRIS) show you could get your holiday wish sooner rather than later - and for a price closer to what you list for. The average home stays on the market on 67 days compared to about 92 days last year - nearly a month less.  In November, 923 homes sold vs. 528 last year.  The price of $330,000 remained steady over the past couple months, while the average sales price was within 94.21% of the asking price, vs. 90.59% last year. Given the tax credits for new and repeat buyers, you might even see speedier results.  (Of course, if you are bug a new home, you can reap the credit too!)  If you are even thinking of moving, now is th...
By Roy Kelley
(Realty Group Referrals)
Comments 0
Potomac MD 20854 Real Estate Trend Indicator   If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for past month with the same month last year.  During the month, there were 235 homes listed for sale on the multiple listing service (MRIS).  There were 38 new listings in the area and 30 listings went to new pending contracts. There were 31 actual settlements as compared to 21 homes sold last year. The total sold dollar volume was up 30.87%.  The average number of days on the market was 63 from 85 days last year.  The average sale price was 94.70% of the average list price.  The average sold price was $802,419.  The median sold price was $739,000, down 8.77% from last year. Fortunately, th...
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC HOMES FOR SALE, PRE-FORECLOSURES, REO - MONTGOMERY COUNTY, MARYLAND Home owners and prospective home buyers are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 186 active listings excluding the lender owned (REO) homes and the short sale listings.   Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-96550195-713  The second report shows the 2 short sale ...
By Courtney Donato-Griffiths
(Keller-Williams Metro Realty Serving the Greater D.C. Area)
Comments 0
We all know that the holiday season can be a little bit crazy. Crowded malls, no parking spaces, and too many parties to attend can take our buyer's minds off of their home searches and convince sellers to wait until the "spring market". Be aware though, the Black Friday of real estate in Montgomery County will be here sooner than you think and you had better not miss your small window of opportunity. The perceived slow down in the market that is bringing back ghosts of real estate markets past, but be assured this is a typical seasonal adjustment. Those sellers who think they should wait until spring time with warm weather and blooming flowers in their gardens may miss the hottest market streak in recent years. Aided by the tax credit extension with increased income limits, the inclusi...
By Courtney Donato-Griffiths
(Keller-Williams Metro Realty Serving the Greater D.C. Area)
Comments 11
After having been in the business of real estate for six years, you begin to think you have seen it all. In the peak of the seller's market in 2005, I showed homes with obvious water damage, holes in the walls, and even a home in Silver Spring where I could actually hear the termites swarming.  In the old market, all of these homes were under contract in days with multiple offers and escalation clauses.  When the market changed and short sales and bank owned properties became prevalent, things only got worse with the condition of the homes.  I have walked through inches of water in basements, seen exposed electrical wiring, and honestly, feared for my safety under a partially collapsed roof.  Again, there is a market for these homes with investors looking to tear down or get a great de...
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC 20854 HOMES FOR SALE - MONTGOMERY COUNTY, MARYLAND Home owners and prospective home owners are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 198 active listings excluding the lender owned (REO) homes and the short sale listings.   Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95548514-59  The second report shows the 2 short sale listings that are ...
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC 20854 HOMES FOR SALE - MONTGOMERY COUNTY, MARYLAND Home owners and prospective home owners are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 217 active listings excluding the lender owned (REO) homes and the short sale listings.  Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-94885480-62  The second report shows the 3 short sale listings that are a...
By Patricia Kennedy, Home in the Capital
(RLAH Real Estate)
Comments 29
Most of our leaves are now on the ground.  So, on this gorgeous top-down Sunday, I saw this gorgeous red tree out in Potomac, Maryland.  And I had my I-Phone handy, which didn't quite catch the way the sun reflected off of the bright red leaves. © 2009 Patricia Kennedy. Unless otherwise noted, the content, both written and in pictures, is the property of Patricia Kennedy . If you would like to use this image, please  email me (housepat@mac.com) with your request. I'll almost certainly say yes, and ask only that you provide a link back to my original content as well as an acknowledgment.  The same thing applies to any other material you see posted here on Active Rain or on any of my other blogs.
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC, MARYLAND 20854 REAL ESTATE TREND INDICATOR     If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for past month with the same month last year.  During the month, there were 278 homes listed for sale on the multiple listing service (MRIS).  There were 70 new listings in the area and 44 listings went to new pending contracts. There were 36 actual settlements as compared to 28 homes sold last year. The total sold dollar volume was up 55.02%.  The average number of days on the market was 84 from 109 days last year.  The average sale price was 85.49% of the average list price.  The average sold price was $1,215,001.  The median sold price was $926,750, up 28.94% from last year. It i...
By Courtney Donato-Griffiths
(Keller-Williams Metro Realty Serving the Greater D.C. Area)
Comments 2
As you prepare to buy your first home in Montgomery County, you have already said "yes" to the biggest questions of all: "Do I want to buy a home?  Do I want to buy it now?"  Now it's time to ask the big one: "How much house can I afford?" If you have gone to the bank to get pre-approval, as your real estate agent (and everyone else on the planet) will urge you to do, you may have a ball park figure for what the lender says you can afford.  This may be more or less than what you had in mind. How Much Can You Afford? How much you can afford these days is based on the 28/36 rule.  The means your housing should be 28% or less of your gross income before taxes, while your debt (not including your mortgage) should be 36% or less of your income.  Based on an income of $60,000, you might be a...
By Roy Kelley
(Realty Group Referrals)
Comments 2
POTOMAC, MARYLAND RESIDENTIAL MARKET - MONTGOMERY COUNTY We receive calls from home owners and prospective purchasers that are asking about the local market. We email monthly statistics, but sometimes you need to have a closer look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 221 active listings excluding the lender owned (REO) homes and the short sale listings.  Click the following URL to see the listings: http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-93135341-454 The second report shows the 4 short sale listings that are availa...
By Rick Boothe, Realtor, Darnestown Real Estate
(Fairfax Realty)
Comments 0
9036 BRONSON DR, POTOMAC, MD   6 Bedroom  , 8 Full Bath  , 2 Half Bath Auction onsite November 19th , 11:00 AM listing by Tranzon Fox I represent my buyers as their exclusive Agent ... if you are interested in one of the many opportunities in this unprededented buyer's market ... I would be glad to help.  rick.boothe@longandfoster.com  301-793-6796 *This information is deemed reliable but not guaranteed. 
By Rick Boothe, Realtor, Darnestown Real Estate
(Fairfax Realty)
Comments 0
**     11752 LAKE POTOMAC DR, POTOMAC, MD 20854             List Price:  $1,584,000                            8 Bedrooms , 7 full & 4 Half Baths Assessment 2010           $2,007,990 listing by Rosselle Realty Services **   19 PETTIT CT, POTOMAC, MD 20854                    List Price:  $964,900                                                5 Bedrooms , 5 Full & 1 half Bath Assessment  2010         $1,416,120 listing by Long and Foster Real Estate, Inc. **     8829 TUCKERMAN LN, POTOMAC, MD 20854           List $504,900                                                      Assessment 2010 $524,200 listing by Realty Executives One **     4 PEBBLE RIDGE CT, POTOMAC, MD 20854     List Price:  $559,900                                                4 Bedroom  , 2 1/2 Bath Assessment  2010 ...
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC, MARYLAND RESIDENTIAL REAL ESTATE MARKET - MONTGOMERY COUNTY We receive several calls each week from home owners and prospective purchasers that are asking about the local market. We email monthly statistics, but sometimes you need to have a closer look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 213 active listings excluding the lender owned (REO) homes and the short sale listings.  Click the following URL to see the listings: http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-92417790-437 The second report shows the 7 short...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 12
THE POTOMAC MARYLAND REAL ESTATE MARKET IS STABLE AND IN DEMAND. Potomac Maryland real estate is a luxury home market nestled along the Potomac River, just outside the Washington Beltway and an easy commute to business areas of Washington, D.C., Rockville (Montgomery County Seat), Bethesda, and Northern Virginia in McLean and Vienna. Some facts about the Potomac real estate market.  The average list price for all homes for sale in Potomac in September 2009 was $1,211,822.  The average list price for a single family home in Potomac on October 15, is $2,012,469. The average list price for a town home (fee simple) in Potomac on October 15, is $964,425. The average list price for a condominium owned property in Potomac on October 15, is $624,174. The average SOLD price for all properties in...
By Cara Pearlman, Realtor - ABR, SFR
(Frankly Real Estate, Inc)
Comments 3
On June 25th I listed 10008 Sorrel Ave, Potomac, MD 20854. We were originally listed at 1,099,900 - which I must disclose that both the sellers as well as I felt was a very fair price. The house needed some updating but overall showed very well and the sellers made it very accessible for buyers to see.  We were listed for 3 weeks and had on average 12 showings each week but NO OFFERS. I had numerous other agents that work a lot in this particular market of Potomac Village. We reduced it $50,000 and low and behold ...we had lots of calls for property disclosures and offers were registered. Now - there are two items I find extremely interesting thing about this situation: •1.       We were on the market for almost 40 days before we received one offer...but once we received one offer all o...
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC, MARYLAND 20854 REAL ESTATE TREND INDICATOR     If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for past month with the same month last year.  During the month, there were 271 homes listed for sale on the multiple listing service (MRIS).  There were 89 new listings in the area and 44 listings went to new pending contracts. There were 34 actual settlements as compared to 30 homes sold last year. The total sold dollar volume was up 20.43%.  The average number of days on the market was 115 from 81 days last year.  The average sale price was 85.16% of the average list price.  The average sold price was $1,032,040.  The median sold price was $853,500, up 14.74% from last year. It i...
By Courtney Donato-Griffiths
(Keller-Williams Metro Realty Serving the Greater D.C. Area)
Comments 2
Still want your first home in Potomac or another Montgomery County city in time to take advantage of the $8,000 tax credit?  Unless the credit is extended (cross your fingers!), deals must be closed by November 30, which means anything not in the works by October 15th may not make it.  If you are at the point in buying your new home that you are just thinking about it and leisurely driving through Potomac or Gaithersburg or Rockville and assessing what you like, you are unlikely to meet this deadline.  However, if you are really ready to go, there are a few things you can do to rush you home purchase through the system. Here's a caution. Undoubtedly, you've heard a lot of press lately about how this is a great time to take the plunge: there's a tax credit available, interest rates are l...
By Roy Kelley
(Realty Group Referrals)
Comments 0
POTOMAC, MARYLAND RESIDENTIAL REAL ESTATE MARKET - MONTGOMERY COUNTY We receive several calls each week from home owners and prospective purchasers that are asking about the local market. We email monthly statistics, but sometimes you need to have a closer look at what is actually on the market for sale. The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers. The first report shows the 212 active listings excluding the lender owned (REO) homes and the short sale listings.  Click the following URL to see the listings: http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-91172015-729 The second report shows the 7 short...

Potomac, MD Real Estate Professionals