CLARKSBURG MD 20871 REAL ESTATE TREND INDICATOR

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Education & Training with Retired Real Estate Broker, Maryland Blogger

CLARKSBURG MD 20871 REAL ESTATE TREND INDICATOR    

If you are thinking about buying or selling a home in zip code 20871, 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 99 active listings of homes for sale in 20871. There were 30 new listings in the area and 25 listings went to new pending contracts.  There were 10 actual settlements as compared to 12 homes sold last year. The total sold dollar volume was down 11.71%. The average number of days on the market was 122 from 116 days last year. The average sale price was 93.71% of the average list price.  The median sold price was $463,000.  It is still a market which favors buyers.   Many home buyers are taking advantage of the low 3.5% minimum cash requirement for FHA financing. The FHA Streamlined 203(k) loan allows borrowers to include up to $35,000 of home improvements in the mortgage amount. Many of the homes on the market have deferred maintenance issues.  

There are 74 homes for sale in Zip Code 20871.    Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-94580411-616

Do you qualify for a tax credit? The rules have changed.  The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php

FHA loan limits for Montgomery County:  $729,750.  Limit for FHA reverse mortgages:  $625,000.   Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20871 Clarksburg, MD
From: 10/01/2009 to 10/31/2009                Statistics generated on: 11/09/2009

  Residential
Unit Sales
Number of Bedrooms
Active Listings   Time on Market
Price Class 2
Or Less  

3
4
or More  
Condo
Coop
Ground
Rent
Residential
Condo
Coop
Ground
Rent
of Units Sold
(No. of Units)
Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 3
$100,000 - 149,999 0 0 0 1 0 0 3 0 31-60 Days 0
$150,000 - 199,999 0 0 0 0 0 0 1 0 61 - 90 Days 2
$200,000 - 249,999 0 0 0 0 0 0 2 0 91-120 Days 1
$250,000 - 299,999 0 1 0 0 0 1 1 0 Over 120 Days 4
$300,000 - 349,999 0 0 0 0 0 15 0 0 Total 10
$350,000 - 399,999 0 0 0 0 0 16 1 0  
$400,000 - 449,999 0 0 3 0 0 11 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 1 0 0 12 0 0
$500,000 - 599,999 0 0 3 0 0 21 0 0 Conventional 7
$600,000 - 699,999 0 0 1 0 0 6 0 0 FHA 2
$700,000 - 799,999 0 0 0 0 0 3 0 0 VA 0
$800,000 - 899,999 0 0 0 0 0 3 0 0 Assumption 1
$900,000 - 999,999 0 0 0 0 0 0 0 0 Cash 0
$1,000,000 - 2,499,999 0 0 0 0 0 3 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 0 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 1 8 1 0 91 8 0 Total 10
Grand Totals 10 99    
    2009   2008   % Change
Total Sold Dollar Volume: $ 4,447,711 $ 5,037,540 - 11.71 %
Average Sold Price: $ 444,771 $ 419,795 5.95 %
Median Sold Price: $ 463,000 $ 417,875 10.80 %
Total Units Sold: 10 12 - 16.67 %
Average Days on Market: 122 116 5.17 %
Average List Price for Solds: $ 474,638 $ 475,088 - 0.09 %
Avg Sale Price as a
percentage of Avg List Price:
93.71 % 88.36 %  
Total NEW listings: 30
Total Properties Marked Contract: 13
Total Properties Marked Contingent Contract: 12
Total NEW pendings (Contracts + Contingents): 25

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.  We always appreciate your referrals.

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Roy and Dolores Kelley Photographs

Roy Kelley, a real estate broker since 1960, has retired from his position as Associate Broker with RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 



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