Gaithersburg, MD Real Estate News

By Bob Myers, Montgomery County MD Real Estate
(Re/Max Realty Services)
Zip code 20879 includes the Gaithersburg neighborhoods of Flower Hill, Goshen, Hadley Farms, Hunters Woods, Montgomery Meadows, Quail Valley and Woodland Hills.  Home sale activity in June 2008 in this area has increased compared to June 2007 by 25%, but the average home price is almost 6% lower compared to this same time in 2007: from $340,650 in '07 to $320,575 in '08. Only 24 properties sold in June 2008 in this zip code - 7 condos and 17 single families/townhomes.  22 contracts were placed on homes in 20879 in June 08, and there were 60 new listings that came on the market for a total of 250 active listings. The average days on market is above the county average: 132 days for zip 20879 vs 97 for Montgomery County MD as a whole. To see all zip code statistics, click here for Gaithers...
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By Bob Myers, Montgomery County MD Real Estate
(Re/Max Realty Services)
The June 2008 numbers for home sales in Gaithersburg and North Potomac MD are down compared to June 2007 in zip code 20878.  Total dollar volume of home sales decreased by 36% compared to 2007.  There were 12 condos and 43 townhomes/single family homes sold in June, with 57 properties that went under contract.  84 condos came on the market and 281 residential homes came up for sale in this month.  The average days on market  was 85, compared to 87 days for Montgomery County MD overall.  The average sold price was $524,480, which is a 7% decline compared to June 2007.  Overall in Montgomery County, the average sold price declined 4% compared to the same month.  This zip code includes North Potomac and parts of Darnestown plus the neighborhoods of Diamond Farms, Kentlands, Lakelands, Quin...
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By Bob Myers, Montgomery County MD Real Estate
(Re/Max Realty Services)
The June 2008 statistics on the real estate market in zip code 20877 shows a slightly slower market than in May.  Twenty homes sold in May, compared to 18 in June.  The average sold price among these properties did go up slightly, however, and there was an equal number of new contracts: 27.  Here's how this section of Gaithersburg compared to Montgomery County Maryland as a whole:   In June 08 the average sale price in 20877 was $335,938, down from $392,844 in June 07, a decrease of 14.5%.  Montgomery County MD, by comparison, had a downturn of 4.15% in the average sold price of a home. Zip Code 20877 includes areas bordered by 270, north to Lakeforest Mall, east to Washington Grove and includes Audubon Square, Brighton East, Deer Park, Emory Grove, Foxwood, Hidden Creek, Mill Creek, Mi...
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By Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group - Broker 301-246-0001)
Search ALL MLS LISTINGS IN GAITHERSBURG ,MDYou can elect to register or notIT'S YOUR CHOICE !FREE ACCESS TO ALL MLS LISTINGS IN GAITHERSBURG MARYLANDFinding homes for sale  in GAITHERSBURG Maryland has never been easier. You can find all houses, condos, lofts and homes for sale from the same MLS all Realtors use.The NEW MLS SEARCH SAVER feature allows you to keep track of your favorites, and receive automatic updates of new listings! When you are ready to see a MLS lising, simply click to set an appt. or request more information and you will be contacted the way you prefer, by email or phone. You can elect to register or not. . it's your choice !"START HERE NOW"Need immediate help? Call 240.426.5754 right now!Fernando@ReallyNiceHomes.comFor Sale | Frederick Condos For Sale | Urbana Home...
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By Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group - Broker 301-246-0001)
Question:Fernando, I'm interested in buying a foreclosure in Gaithersburg, how can I find them?           Buying a FORECLOSURE in Gaithersburg, MDIf you are thinking in buying a foreclosed home in Gaithersburg, just remember you're cashing in on a home someone was no longer able to pay for. Foreclosures are difficult. .both to locate and to execute the transactions. .but the potential to purchase one and save THOUSANDS of DOLLARS is there for you.There is absolutely any reason why you should attempt to find a foreclosure in Gaithersburg on your own. .a Realtor gets paid by doing this for you . .by the bankl.To start, you should have a clear definition of your criteria and get approved by a bank.One of the techniques we used to get a bank to accept our offers is: We insist in getting our...
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By Audrey June-Forshey, GRI, Gaithersburg, MD
(RE/MAX Realty Services)
These are the housing statitics for the Gaithersburg zip code area of 20878.  The information is provided my MRIS services. Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format ZIP Code: 20878 Gaithersburg, MD From: 05/01/2008 to 05/31/2008                Statistics generated on: 06/06/2008   ResidentialUnit SalesNumber of Bedrooms Active Listings   Time on Market Price Class 2 Or Less   3 4  or More   CondoCoop GroundRent Residential   CondoCoop GroundRent of Units Sold(No. of Units) Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 15 $100,000 - 149,999 0 0 0 1 0 1 5 0 31-60 Days 11 $150,000 - 199,999 0 0 0 2 0 1 18 0 61 - 90 Days 10 $200,000 - 249,999 0 0 0 1 0 4 15 0 91-120 Days 2 $250,000 - 299,999 0 3 0 3 0 26 10 0 Over 120 Days 15 $300,000 - 349,9...
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