Gaithersburg Market Report & All Homes For Sale

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor

 

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

 

There are currently 247 Properties currently available in Gaithersburg Maryland for Montgomery County in Maryland

 

gaithersnurg
 

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 Gaithersburg Homes For Sale here

The most expensive active home for sale in Gaithersburg is:

 

20533 ZION ROAD, Gaithersburg MD 20882

$1,900,000

20533 ZION ROAD, Gaithersburg

House is TEARDOWN. Value is in LAND: Almost 17 acres zoned RE2 with PUBLIC H20 available. Also listed in lot-land as MC6159542. So...

  • Beds 3
  • Baths 1.0
  • MLS MC7922579

 

The least  expensive active home for sale in Gaithersburg is:

 

128 DUVALL LANE Unit #183-30, Gaithersburg MD 20877

$50,000?

128 DUVALL LANE Unit #183-30, Gaithersburg — Fireside

Short Sale professionally negotiated. 2 Bedroom 2 bath condo. Priced to sell.

  • Beds 2
  • Baths 2.0
  • MLS MC7895039
  • SqFt. 1,053

 

 

Foreclosure active homes for sale in Gaithersburg:

 

12913 SCARLET OAK DRIVE, Gaithersburg MD 20878

$439,900

12913 SCARLET OAK DRIVE, Gaithersburg

Value and location, Great lot, lots of space, over sized 3 car garage. full finished english basement, 4 bedrooms on the main leve...

  • Beds 5
  • Baths 3.0
  • MLS MC7925187
  • SqFt. 1,738

 

204 SWARTHMORE AVENUE, Gaithersburg MD 20877

$350,999

204 SWARTHMORE AVENUE, Gaithersburg

This is a Fannie Mae HomePath property. Purchase for as little as 3% down. Property approved for Homepath Mortgage financing and...

  • Beds 3
  • Baths 3.0
  • MLS MC7929494

 


 

 

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

 

20533 ZION ROAD, Gaithersburg MD 20882

$1,900,000

20533 ZION ROAD, Gaithersburg

House is TEARDOWN. Value is in LAND: Almost 17 acres zoned RE2 with PUBLIC H20 available. Also listed in lot-land as MC6159542. So...

  • Beds 3
  • Baths 1.0
  • MLS MC7922579

 

9431 BRINK ROAD, Gaithersburg MD 20882

$1,499,999

9431 BRINK ROAD, Gaithersburg

one of the largest estate home in Laytonsville area, over 10000SF of living spaces in 3 fully finished level, 5 bedrooms eash bedr...

  • Beds 5
  • Baths 6.0
  • MLS MC7947149
  • SqFt. 10,019

 

15213 BUCKEYE COURT, Gaithersburg MD 20878

$1,440,000?

15213 BUCKEYE COURT, Gaithersburg

Beautiful new home in the sought- after Quail Run subdivision. 4 bedrooms, 4 full baths and 2 half-baths, hardwood floors, gourmet...

  • Beds 4
  • Baths 6.0
  • MLS MC7691409
  • SqFt. 4,200

 

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

 

Nearby Cities Market Reports

Bethesda

Damascus

Clarksburg

Germantown

Gaithersburg

North Potomac

Potomac

Rockville

Silver Spring

Olney

 



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Our network is our prime advantage over our competition and your most important advantage over other buyers on the market today. Yet the true secret to our success is how we focus completely on our clients' needs. For us, servicing one client at a time is our top priority. That's why our agents are committed to understanding every single client's needs and strategic objectives. Our promise to you is to continuously strive to serve better and achieve the best results of anyone else available today. 
 

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

 

 

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301-246-0001 Serving Maryland, DC and Northern VA
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