ZIP Code: 20882 Gaithersburg (Laytonsville), MD Real Estate Trend Indicator

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Education & Training with Realty Group Referrals 16766

During the month of May, there were 31 new listings of homes in Laytonsville, MD.  During that same period, nine homes went under contract. If you live in this zip code or hope to purchase a home in this area, these statistics may be important for your study. It is taking an average of 152 days on the market for a home to sell in this softer market. Activity is down and the reduction in sales volume and the number of sold units supports the premise that it is still a buyer's market.  

The reduced number of options for mortgage financing has also impacted the market. Now, a high percentage of buyers are using FHA financing. Buyers and sellers should be aware of the new Maryland restrictions on stated income and no doc financing that went into effect on June 1, 2008. Buyers should always ask about the estimated total for real estate taxes for new buyers since that figure may be higher that the amout paid by the current owners.  

ZIP Code: 20882 Gaithersburg (Laytonsville), MD  Real Estate Trend Indicator

Roy Kelley, Associate Broker, RE/MAX Realty Group, Gaithersburg, MD

Email:  roykelley@mris.com  Home Search Website:  www.roykelley.com

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format
From: 05/01/2008 to 05/31/2008                Statistics generated on: 06/06/2008

  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 1 0 0 1 -30 Days 2
$100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 2
$150,000 - 199,999 0 0 0 0 0 0 0 0 61 - 90 Days 1
$200,000 - 249,999 0 0 0 0 0 1 0 0 91-120 Days 0
$250,000 - 299,999 0 0 0 0 0 4 0 0 Over 120 Days 6
$300,000 - 349,999 0 0 0 0 0 2 0 0 Total 11
$350,000 - 399,999 0 0 1 0 0 15 0 0  
$400,000 - 449,999 0 0 0 0 0 5 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 9 0 0
$500,000 - 599,999 0 0 1 0 0 14 0 0 Conventional 11
$600,000 - 699,999 0 0 3 0 0 12 0 0 FHA 0
$700,000 - 799,999 0 0 4 0 0 14 0 0 VA 0
$800,000 - 899,999 0 0 0 0 0 19 0 0 Assumption 0
$900,000 - 999,999 0 0 0 0 0 6 0 0 Cash 0
$1,000,000 - 2,499,999 0 0 2 0 0 17 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 0 11 0 0 119 0 0 Total 11
Grand Totals 11 119    
    2008   2007   % Change
Total Sold Dollar Volume: $ 8,272,900 $ 4,622,500 78.97 %
Average Sold Price: $ 752,082 $ 577,813 30.16 %
Median Sold Price: $ 710,000 $ 527,500 34.60 %
Total Units Sold: 11 8 37.50 %
Average Days on Market: 152 191 - 20.42 %
Average List Price for Solds: $ 865,185 $ 631,713 36.96 %
Avg Sale Price as a
percentage of Avg List Price:
86.93 % 91.47 %  
Total NEW listings: 31
Total Properties Marked Contract: 6
Total Properties Marked Contingent Contract: 3
Total NEW pendings (Contracts + Contingents): 9

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Live in or want to purchase in another zip code?  Contact us if you wish to receive a report on your area. This is one of services we provide for our exclusive buyer and seller clients.  Roy Kelley, roykelley@mris.com

Posted by

Amateur Photographer, Roy and Dolores Kelley Photographs

A real estate broker since 1960, I have retired from RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 

Roy Kelley, Associate Broker

Realty Group Referrals

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Home Office: 301-670-8996



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