Roy Kelley Sells Maryland Homes

DERWOOD MD 20855 - REAL ESTATE TREND INDICATOR    

If you are thinking about buying or selling a home in zip code 20855, 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 69 active listings of homes for sale in Derwood.  There were 23 new listings in the area and 17 properties went to pending new contracts.  There were 9 settlements as compared to 10 homes sold last year. The total sold dollar volume was down 11.1%. The median sales price was $420,000, down 10.06% from last year.  The average sales price was 84.59% of the average list price. The average days on the market was 168 as compared to 121 days last year. What does this mean?  It is still a soft market which favors buyers.  Buyers have the largest selection and the lowest prices that have been available for several years. First time buyers have the benefit of the currently available $8,000 tax credit for settlements that take place before the end of November, 2009.  Many buyers are using FHA financing to take advantage of the low 3.5% minimum cash requirement. The FHA Streamlined 203(k) program allows borrowers to include the cost of home improvements up to $35,000 in the mortgage amount. The Montgomery County Housing Opportunities Commission is providing 100% financing for qualified first time buyers.   

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20855 Derwood, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	2
$100,000 - 149,999	0	0	0	0	0	0	0	0	31-60 Days	1
$150,000 - 199,999	0	1	0	0	0	0	0	0	61 - 90 Days	0
$200,000 - 249,999	0	0	0	0	0	7	3	0	91-120 Days	1
$250,000 - 299,999	0	0	1	0	0	3	2	0	Over 120 Days	5
$300,000 - 349,999	0	0	0	0	0	8	0	0	Total	9
$350,000 - 399,999	0	0	1	0	0	7	0	0
$400,000 - 449,999	0	0	2	0	0	4	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	1	0	0	0	8	0	0
$500,000 - 599,999	0	1	0	0	0	13	0	0	Conventional	6
$600,000 - 699,999	0	0	0	0	0	2	0	0	FHA	2
$700,000 - 799,999	0	0	0	0	0	6	0	0	VA	0
$800,000 - 899,999	0	0	2	0	0	3	0	0	Assumption	0
$900,000 - 999,999	0	0	0	0	0	1	0	0	Cash	1
$1,000,000 - 2,499,999	0	0	0	0	0	2	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	3	6	0	0	64	5	0	Total	9
Grand Totals	9	69

2009   2008   % Change Total Sold Dollar Volume: $ 4,296,300 $ 4,833,000 - 11.10 % Average Sold Price: $ 477,367 $ 483,300 - 1.23 % Median Sold Price: $ 420,000 $ 467,000 - 10.06 % Total Units Sold: 9 10 - 10.00 % Average Days on Market: 168 121 38.84 % Average List Price for Solds: $ 564,356 $ 530,435 6.39 % Avg Sale Price as a percentage of Avg List Price: 84.59 % 91.11 %

Total NEW listings: 23 Total Properties Marked Contract: 8 Total Properties Marked Contingent Contract: 9 Total NEW pendings (Contracts + Contingents): 17

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.  

Your Real Estate  Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   

Client Assistance:  301-670-8996  

Email: roykelley@mris.com Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com Click on Homes Prospector to search for all available homes on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley Find links to our blogs on Twitter & Facebook.  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:   www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750   Limit for FHA reverse mortgages:  $625,000  

IJAMSVILLE MD 21754 REAL ESTATE TREND INDICATOR  

If you are planning to purchase or sell a home in ZIP CODE 21754, you will want to know the trends of the market. The following report is for the past month and the statistics are compared with the same month last year.  There were 39 active listings of homes for sale in the zip code during the month.  There were 7 new listings and 7 went to pending new contracts. The sold dollar volume was up 168.69% from last year. The number of homes sold was 5 from 3 last year. The average days on the market was 201 days from 160 days last year.  The average sale price was 85.87% of the average list price.  The median sold price was $542,900.  The market is still soft which means that it favors buyers.  Foreclosures and short sales listings still influence the area market.  Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount.  First time buyers have the benefit of the currently available $8,000 federal tax credit for purchases completed before the end of November. All prospective buyers are advised to obtain pre-approval for mortgage financing before submitting an offer.  More investors are buying  because the prices on lender owned foreclosures are the lowest in several years.     Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 21754 Ijamsville, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	1	0	0	1 -30 Days	1
$100,000 - 149,999	0	0	0	0	0	0	0	0	31-60 Days	0
$150,000 - 199,999	0	0	0	0	0	1	0	0	61 - 90 Days	0
$200,000 - 249,999	0	0	0	0	0	0	0	0	91-120 Days	0
$250,000 - 299,999	0	0	0	0	0	2	0	0	Over 120 Days	4
$300,000 - 349,999	0	0	0	0	0	6	0	0	Total	5
$350,000 - 399,999	0	0	1	0	0	7	0	0
$400,000 - 449,999	0	0	1	0	0	3	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	0	0	0	3	0	0
$500,000 - 599,999	0	0	2	0	0	5	0	0	Conventional	1
$600,000 - 699,999	0	0	0	0	0	2	0	0	FHA	2
$700,000 - 799,999	0	0	0	0	0	2	0	0	VA	0
$800,000 - 899,999	0	0	0	0	0	1	0	0	Assumption	1
$900,000 - 999,999	0	0	0	0	0	2	0	0	Cash	1
$1,000,000 - 2,499,999	0	0	1	0	0	3	0	0	Owner Finance	0
$2,500,000 - 4,999,999	0	0	0	0	0	1	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	0	0	5	0	0	39	0	0	Total	5
Grand Totals	5	39

2009   2008   % Change Total Sold Dollar Volume: $ 3,828,900 $ 1,425,000 168.69 % Average Sold Price: $ 765,780 $ 475,000 61.22 % Median Sold Price: $ 542,900 $ 475,000 14.29 % Total Units Sold: 5 3 66.67 % Average Days on Market: 201 160 25.63 % Average List Price for Solds: $ 891,780 $ 542,900 64.26 % Avg Sale Price as a percentage of Avg List Price: 85.87 % 87.49 %

Total NEW listings: 7 Total Properties Marked Contract: 2 Total Properties Marked Contingent Contract: 5 Total NEW pendings (Contracts + Contingents): 7

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.  

Your Real Estate Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   

Client Assistance:  301-670-8996  

Email: roykelley@mris.com  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com Click on Homes Prospector for access to listings for all of the available homes on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley Links to many of our blogs appear on Twitter & Facebook.  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:  www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750.   Limit for FHA reverse mortgages:  $625,000.      

MONROVIA MD 21770 REAL ESTATE TREND INDICATOR  

If you are planning to purchase or sell a home in Monrovia, you will want to know the trends of the market. The following report is for the past month and the statistics are compared with the same month last year.  There were 29 active listings of homes for sale during the month.  There were 9 new listings and 4 went to pending new contracts. The sold dollar volume was up 37.87% from last year.  The number of homes sold was 6 from 4 last year. The average days on the market was 137 days from 213 days last year.  The average sale price was 86.56% of the average list price.  The median sold price was $460,000.  The market is still soft which means that it favors buyers.  Foreclosures and short sales listings still influence the area market.  Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount.  First time buyers have the benefit of the currently available $8,000 federal tax credit for purchases completed before the end of November. All prospective buyers are advised to obtain pre-approval for mortgage financing before submitting an offer.  More investors are buying because the prices on lender owned foreclosures are the lowest in several years.  

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 21770 Monrovia, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	1
$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	0
$200,000 - 249,999	0	0	0	0	0	4	0	0	91-120 Days	2
$250,000 - 299,999	0	1	0	0	0	2	0	0	Over 120 Days	1
$300,000 - 349,999	0	0	0	0	0	8	0	0	Total	6
$350,000 - 399,999	0	0	1	0	0	1	0	0
$400,000 - 449,999	0	0	1	0	0	5	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	0	0	0	1	0	0
$500,000 - 599,999	0	0	3	0	0	6	0	0	Conventional	4
$600,000 - 699,999	0	0	0	0	0	0	0	0	FHA	1
$700,000 - 799,999	0	0	0	0	0	0	0	0	VA	0
$800,000 - 899,999	0	0	0	0	0	0	0	0	Assumption	1
$900,000 - 999,999	0	0	0	0	0	1	0	0	Cash	0
$1,000,000 - 2,499,999	0	0	0	0	0	1	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	5	0	0	29	0	0	Total	6
Grand Totals	6	29

2009   2008   % Change Total Sold Dollar Volume: $ 2,630,615 $ 1,908,000 37.87 % Average Sold Price: $ 438,436 $ 477,000 - 8.08 % Median Sold Price: $ 460,000 $ 476,500 - 3.46 % Total Units Sold: 6 4 50.00 % Average Days on Market: 137 213 - 35.68 % Average List Price for Solds: $ 506,482 $ 538,450 - 5.94 % Avg Sale Price as a percentage of Avg List Price: 86.56 % 88.59 %

Total NEW listings: 9 Total Properties Marked Contract: 1 Total Properties Marked Contingent Contract: 3 Total NEW pendings (Contracts + Contingents): 4

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.  

Your Real Estate Professional,  

Roy Kelley   Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   Client Assistance:  301-670-8996  

Email: roykelley@mris.com  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com  Click on Homes Prospector to search all of the available homes on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley Links to many of our blogs appear on Twitter & Facebook.  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:  www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750.   Limit for FHA reverse mortgages:  $625,000.      

JEFFERSON MD 21755 REAL ESTATE TREND INDICATOR  

If you are planning to purchase or sell a home in Jefferson, you will want to know the trends of the market. The following report is for the past month and the statistics are compared with the same month last year.  There were 32 active listings of homes for sale during the month. There were 9 new listings and 3 went to pending new contracts. The sold dollar volume was up 190.73% from last year.  The number of homes sold was 4  from 1 last year. The average days on the market was 103 days from 67 days last year.  The average sale price was 85.59% of the average list price.  The median sold price was $274,950.  The market is still soft which means that it favors buyers.  Foreclosures and short sales listings still influence the area market.  Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount.  First time buyers have the benefit of the currently available $8,000 federal tax credit for purchases completed before the end of November. All prospective buyers are advised to obtain pre-approval for mortgage financing before submitting an offer.  More investors are buying because the prices on lender owned foreclosures are the lowest in several years.  

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 21755 Jefferson, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	1
$100,000 - 149,999	0	0	0	0	0	1	0	0	31-60 Days	1
$150,000 - 199,999	1	0	0	0	0	0	4	0	61 - 90 Days	1
$200,000 - 249,999	1	0	0	0	0	3	0	0	91-120 Days	0
$250,000 - 299,999	0	0	0	0	0	2	0	0	Over 120 Days	1
$300,000 - 349,999	0	0	1	0	0	4	0	0	Total	4
$350,000 - 399,999	0	1	0	0	0	6	0	0
$400,000 - 449,999	0	0	0	0	0	4	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	0	0	0	1	0	0
$500,000 - 599,999	0	0	0	0	0	0	0	0	Conventional	3
$600,000 - 699,999	0	0	0	0	0	1	0	0	FHA	1
$700,000 - 799,999	0	0	0	0	0	1	0	0	VA	0
$800,000 - 899,999	0	0	0	0	0	1	0	0	Assumption	0
$900,000 - 999,999	0	0	0	0	0	1	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	2	1	1	0	0	28	4	0	Total	4
Grand Totals	4	32

2009   2008   % Change Total Sold Dollar Volume: $ 1,061,150 $ 365,000 190.73 % Average Sold Price: $ 265,288 $ 365,000 - 27.32 % Median Sold Price: $ 274,950 $ 365,000 - 24.67 % Total Units Sold: 4 1 300.00 % Average Days on Market: 103 67 53.73 % Average List Price for Solds: $ 309,950 $ 400,000 - 22.51 % Avg Sale Price as a percentage of Avg List Price: 85.59 % 91.25 %

Total NEW listings: 9 Total Properties Marked Contract: 2 Total Properties Marked Contingent Contract: 1 Total NEW pendings (Contracts + Contingents): 3

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

Your Real Estate Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   Client Assistance:  301-670-8996  

Email: roykelley@mris.com  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com Click on Homes Prospector to view all of the available homes on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley Links to many of our blogs appear on Twitter & Facebook.  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:  www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750.   Limit for FHA reverse mortgages:  $625,000.    

MIDDLETOWN MD 21769 REAL ESTATE TREND INDICATOR  

If you are planning to purchase or sell a home in Middletown, you will want to know the trends of the market. The following report is for the past month and the statistics are compared with the same month last year.  There were 87 active listings of homes for sale on MRIS during the month. There were 19 new listings and 13 went to pending new contracts. The sold dollar volume was down 15.85% from last year.  The number of homes sold was 9 from 8 last year. The average days on the market was 129 days from 147 days last year.  The average sale price was 92.84% of the average list price.  The median sold price was $322,500.  The market is still soft which means that it favors buyers.  Foreclosures and short sales listings still influence the area market.  Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount.  First time buyers have the benefit of the currently available $8,000 federal tax credit for purchases completed before the end of November. All prospective buyers are advised to obtain pre-approval for mortgage financing before submitting an offer.  More investors are buying because the prices on lender owned foreclosures are the lowest in several years.  

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 21769 Middletown, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	0	0	1	0	0	31-60 Days	2
$150,000 - 199,999	0	0	0	0	0	3	0	0	61 - 90 Days	0
$200,000 - 249,999	0	1	1	0	0	6	0	0	91-120 Days	0
$250,000 - 299,999	0	1	1	0	0	13	0	0	Over 120 Days	4
$300,000 - 349,999	0	0	1	0	0	14	0	0	Total	9
$350,000 - 399,999	0	0	1	0	0	9	0	0
$400,000 - 449,999	0	0	0	0	0	6	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	0	0	0	11	0	0
$500,000 - 599,999	0	0	1	0	0	7	0	0	Conventional	6
$600,000 - 699,999	0	0	1	0	0	6	0	0	FHA	3
$700,000 - 799,999	0	0	1	0	0	3	0	0	VA	0
$800,000 - 899,999	0	0	0	0	0	1	0	0	Assumption	0
$900,000 - 999,999	0	0	0	0	0	1	0	0	Cash	0
$1,000,000 - 2,499,999	0	0	0	0	0	5	0	0	Owner Finance	0
$2,500,000 - 4,999,999	0	0	0	0	0	1	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	0	2	7	0	0	87	0	0	Total	9
Grand Totals	9	87

2009   2008   % Change Total Sold Dollar Volume: $ 3,587,500 $ 4,263,250 - 15.85 % Average Sold Price: $ 398,611 $ 532,906 - 25.20 % Median Sold Price: $ 322,500 $ 500,000 - 35.50 % Total Units Sold: 9 8 12.50 % Average Days on Market: 129 147 - 12.24 % Average List Price for Solds: $ 429,367 $ 610,555 - 29.68 % Avg Sale Price as a percentage of Avg List Price: 92.84 % 87.28 %

Total NEW listings: 19 Total Properties Marked Contract: 10 Total Properties Marked Contingent Contract: 3 Total NEW pendings (Contracts + Contingents): 13

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.  

Your Real Estate Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   Client Assistance:  301-670-8996  

Email: roykelley@mris.com  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com Click on Homes Prospector for access to all of the available homes on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:  www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750.   Limit for FHA reverse mortgages:  $625,000.      

OLNEY, MARYLAND 20832 - REAL ESTATE TREND INDICATOR    

If you are thinking about buying or selling a home in zip code 20832, 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 100 active listings of homes for sale in Olney. There were 39 new listings in the area and 26 properties went to pending new contracts.  There were 27 settlements as compared to 28 homes sold last year.  The total sold dollar volume was down 14.99%. The median sales price was $399,000.  The average sales price was 92.48% of the average list price. The average days on the market was 98 as compared to 92 days last year. What does this mean?  It is still a soft market which favors buyers.  Buyers have the largest selection and the lowest prices that have been available for several years. First time buyers have the benefit of the currently available $8,000 tax credit for settlements that take place before the end of November, 2009.  Many buyers are using FHA financing to take advantage of the low 3.5% minimum cash requirement. The FHA Streamlined 203(k) program allows borrowers to include the cost of home improvements up to $35,000 in the mortgage amount. The Montgomery County Housing Opportunities Commission is providing 100% financing for qualified first time buyers.   

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20832 Olney, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	9
$100,000 - 149,999	0	0	0	0	0	0	1	0	31-60 Days	7
$150,000 - 199,999	0	0	0	0	0	0	5	0	61 - 90 Days	3
$200,000 - 249,999	0	2	0	2	0	3	1	0	91-120 Days	1
$250,000 - 299,999	0	4	0	0	0	16	6	0	Over 120 Days	7
$300,000 - 349,999	0	0	4	0	0	9	0	0	Total	27
$350,000 - 399,999	0	2	0	0	0	7	0	0
$400,000 - 449,999	0	2	5	0	0	4	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	1	2	0	0	13	0	0
$500,000 - 599,999	0	0	3	0	0	14	0	0	Conventional	13
$600,000 - 699,999	0	0	0	0	0	5	0	0	FHA	10
$700,000 - 799,999	0	0	0	0	0	5	0	0	VA	1
$800,000 - 899,999	0	0	0	0	0	5	0	0	Assumption	1
$900,000 - 999,999	0	0	0	0	0	2	0	0	Cash	1
$1,000,000 - 2,499,999	0	0	0	0	0	3	0	0	Owner Finance	1
$2,500,000 - 4,999,999	0	0	0	0	0	1	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	0	11	14	2	0	87	13	0	Total	27
Grand Totals	27	100

2009   2008   % Change Total Sold Dollar Volume: $ 10,163,300 $ 11,955,400 - 14.99 % Average Sold Price: $ 376,419 $ 426,979 - 11.84 % Median Sold Price: $ 399,000 $ 420,000 - 5.00 % Total Units Sold: 27 28 - 3.57 % Average Days on Market: 98 92 6.52 % Average List Price for Solds: $ 407,041 $ 447,786 - 9.10 % Avg Sale Price as a percentage of Avg List Price: 92.48 % 95.35 %

Total NEW listings: 39 Total Properties Marked Contract: 14 Total Properties Marked Contingent Contract: 12 Total NEW pendings (Contracts + Contingents): 26

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.  

Your Real Estate  Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   Client Assistance:  301-670-8996

Email: roykelley@mris.com Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com Click on Homes Prospector for access to all of the available homes listed on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley Links to many of our blogs appear on Twitter & Facebook.  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:   www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750.  Limit for FHA reverse mortgages:  $625,000.  

MOUNT AIRY MD 21771 - REAL ESTATE TREND INDICATOR    

If you are thinking about buying or selling a home in zip code 21771, 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 184 active listings of homes for sale in 21771. There were 50 new listings in the area and 24 listings went to pending new contracts.  There were 23 actual settlements as compared to 18 homes sold last year. The total sold dollar volume was up 24.87%. The average number of days on the market was 169 from 166 days last year.  The average sale price was 89.76% of the average list price.  The average sold price was $401,125 and the median sold price was $342,000.  What does this mean?  It is still a soft market which favors buyers.  Buyers have the largest selection and the lowest prices that have been available for several years. First time buyers have the benefit of the currently available $8,000 tax credit for settlements that take place before the end of November, 2009. Many buyers are using FHA financing for the low minimum 3.5% cash requirement. The FHA Streamlined 203(k) programs allows borrowers to include the cost of home improvements up to $35,000 in the mortgage amount. All prospective purchasers are advised to obtain pre-approval for mortgage financing before submitting offers.   

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 21771 Mount Airy, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	2	0	0	1 -30 Days	3
$100,000 - 149,999	0	0	0	0	0	0	0	0	31-60 Days	4
$150,000 - 199,999	0	0	1	0	0	4	0	0	61 - 90 Days	3
$200,000 - 249,999	0	0	0	0	1	13	0	0	91-120 Days	0
$250,000 - 299,999	0	1	0	0	0	14	0	0	Over 120 Days	13
$300,000 - 349,999	0	7	2	0	0	26	0	0	Total	23
$350,000 - 399,999	0	1	2	0	0	21	0	0
$400,000 - 449,999	0	0	1	0	0	15	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	1	0	0	25	0	0
$500,000 - 599,999	0	0	2	0	0	29	0	0	Conventional	11
$600,000 - 699,999	0	0	3	0	0	16	0	0	FHA	11
$700,000 - 799,999	0	0	1	0	0	10	0	0	VA	0
$800,000 - 899,999	0	0	0	0	0	5	0	0	Assumption	0
$900,000 - 999,999	0	0	0	0	0	1	0	0	Cash	1
$1,000,000 - 2,499,999	0	0	0	0	0	2	0	0	Owner Finance	0
$2,500,000 - 4,999,999	0	0	0	0	0	1	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	0	9	13	0	1	184	0	0	Total	23
Grand Totals	23	184

2009   2008   % Change Total Sold Dollar Volume: $ 9,225,869 $ 7,388,350 24.87 % Average Sold Price: $ 401,125 $ 410,464 - 2.28 % Median Sold Price: $ 342,000 $ 382,500 - 10.59 % Total Units Sold: 23 18 27.78 % Average Days on Market: 169 166 1.81 % Average List Price for Solds: $ 446,880 $ 464,293 - 3.75 % Avg Sale Price as a percentage of Avg List Price: 89.76 % 88.41 %

Total NEW listings: 50 Total Properties Marked Contract: 12 Total Properties Marked Contingent Contract: 12 Total NEW pendings (Contracts + Contingents): 24

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.  

Your Real Estate  Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group 6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   

Client Assistance:  301-670-8996

Email: roykelley@mris.com  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com Visit Homes Prospector to view all available homes on MRIS.  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:   www.federalhousingtaxcredit.com  

Newly increased FHA loan limits for Montgomery County and Frederick County:  $729,750.  New limit for FHA reverse mortgages:  $625,000.

POOLESVILLE MD 20837 REAL ESTATE TREND INDICATOR    

If you are thinking about buying or selling a home in zip code 20837, 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 37 active listings of homes for sale in Poolesville. There were 6 new listings in the area and 1 went to pending new contracts. There were 6  settlements as compared to 5 homes sold last year.  The total sold dollar volume was up 45.59% from last year. The median sold price was $417,500. What does this mean?  It is still a soft market which favors buyers.  Buyers have the largest selection and the lowest prices that have been available for several years. First time home buyers have the benefit of the currently available $8,000 tax credit for settlements that take place before the end of November, 2009. The lenders still have a surplus inventory of foreclosures in Montgomery County and buyers are taking advantage of the bargains. Many home buyers are using FHA financing to take advantage of the low 3.5% minimum cash requirement. The FHA Streamlined 203(k) program allows borrowers to include up to $35,000 of the cost of home improvements in the mortgage. The Housing Opportunities Commission (HOC) is offering 100% financing for qualified first time buyers.

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20837 Poolesville, MD
From: 05/01/2009 to 05/31/2009                Statistics generated on: 06/08/2009

	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	0
$100,000 - 149,999	0	0	0	0	0	1	0	0	31-60 Days	1
$150,000 - 199,999	0	1	0	0	0	1	0	0	61 - 90 Days	1
$200,000 - 249,999	0	0	0	0	0	2	0	0	91-120 Days	0
$250,000 - 299,999	0	0	0	0	0	1	0	0	Over 120 Days	4
$300,000 - 349,999	0	0	1	0	0	3	0	0	Total	6
$350,000 - 399,999	0	0	1	0	0	5	0	0
$400,000 - 449,999	1	0	0	0	0	2	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	1	0	0	3	0	0
$500,000 - 599,999	0	0	1	0	0	4	0	0	Conventional	3
$600,000 - 699,999	0	0	0	0	0	8	0	0	FHA	3
$700,000 - 799,999	0	0	0	0	0	2	0	0	VA	0
$800,000 - 899,999	0	0	0	0	0	2	0	0	Assumption	0
$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	1	0	0	Owner Finance	0
$2,500,000 - 4,999,999	0	0	0	0	0	2	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	1	1	4	0	0	37	0	0	Total	6
Grand Totals	6	37

2009   2008   % Change Total Sold Dollar Volume: $ 2,409,500 $ 1,655,000 45.59 % Average Sold Price: $ 401,583 $ 331,000 21.32 % Median Sold Price: $ 417,500 $ 250,000 67.00 % Total Units Sold: 6 5 20.00 % Average Days on Market: 159 103 54.37 % Average List Price for Solds: $ 441,892 $ 367,060 20.39 % Avg Sale Price as a percentage of Avg List Price: 90.88 % 90.18 %

Total NEW listings: 6 Total Properties Marked Contract: 0 Total Properties Marked Contingent Contract: 1 Total NEW pendings (Contracts + Contingents): 1

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.  

Your Real Estate Advisor,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   Client Assistance:  301-670-8996

Email: roykelley@mris.com  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com (Click on Homes Prospector for access to all of the available home listings on MRIS).  

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:   www.federalhousingtaxcredit.com  

FHA loan limits for Montgomery County and Frederick County:  $729,750.  New limit for FHA reverse mortgages:  $625,000.

MONTGOMERY COUNTY MD - LENDER OWNED FORECLOSURES

REO REPORT FROM ROY KELLEY & ASSOCIATES     (Rev. 6/22/09 - Contact us for further daily price reductions.)  

Roy Kelley, RE/MAX Realty Group, Gaithersburg, MD 301-921-4569 roykelley@mris.com  

REO homes are foreclosures owned by lenders and other entities. We represent clients as exclusive buyer agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.  Email us for a referral to a lender.  The following are available REO homes. Prices are reduced until they are sold. Complete information and pictures are available by email. All information is subject to change or correction. Fees have not been confirmed.     

REO:  11566 Aldburg Way, Brandermill, Germantown 20876 3 BR/2.5 BA $187,900 TH HOA Fee: $80/mo.  

Deutsche Bank:  11505 Amherst Ave. #201, Sierra Landing, Silver Spring 20902 3 BR/2 BA $249,900 Condo Fee:  $417/mo.  

REO:  17136 Amity Dr., Mill Creek South, Derwood 20855 5 BR/3.5 BA $385,000 SF  

REO:  11 Appledowre Ct., Greenfields/Brandermill, Germantown 20876 3 BR/2.5 BA $160,000 TH Condo Fee: $159/mo.  

REO:  15410 Athey Rd., Colesville Outside, Burtonsville 20866 3 BR/1 BA $200,000 SF Needs rehab. Built in 1935  

U.S. Bank:  7907 Badenloch Way #202, Willow Wood, Gaithersburg 20879 2 BR/2 BA $118,000 Condo Fee: $250/mo. REDUCED FROM $124,900  

REO:  3615 Banquo Dr., Georgian Colonies, Silver Spring 20906 4 BR/3.5 BA $222,500 TH HOA Fee: $234/mo.    

REO:  4261 Bar Harbor Pl., Cherrywood, Olney 20832 4 BR/3.5 BA $265,000 TH HOA Fee: $75/mo.  

Fannie Mae:  18705 Barn Swallow Ter., Quail Valley, Gaithersburg 20879 3 BR/1.5 BA $194,000 TH HOA Fee: $65/mo. REDUCED FROM $225,000  

Fannie Mae:  15400 Bassett Ln. #46-3B, Rossmoor Mutual, Leisure World, Silver Spring 20906 2 BR/2 BA $116,500 Condo Fee: $576/mo. REDUCED FROM $119,500  

Deutsche Bank:  13715 Batchelors Dr., Fairland, Silver Spring 20904 4 BR/2 BA $324,900 SF REDUCED FROM $359,900  

Fannie Mae:  18620 Bay Leaf Way, Germantown Park, Germantown 20874 3 BR/1.5 BA $140,000 TH HOA Fee: $124/mo.  

REO:  3722 Bel Pre Rd. #5, Fairways, Silver Spring 20906 3 BR/1 BA $107,200 Condo Fee: $550/mo.  

REO:  3730 Bel Pre Rd. #10, Fairways, Silver Spring 20906 2 BR/1 BA $69,000 Condo Fee: $550/mo.  

Bank of America:  3834 Bel Pre Rd. #1, Grand Bel Manor, Silver Spring 20906 1 BR/1 BA $79,900 Condo Fee:  $300/mo. REDUCED FROM $94,900  

GMAC:  3842 Bel Pre Rd. #2, Grand Bel Manor, Silver Spring 20906 3 BR/2 BA $69,900 Condo Fee: $490/mo.  

Bank of America:  307 Belton Rd., Northwood Park, Silver Spring 20901 3 BR/2 BA $239,900 SF REDUCED FROM $279,900  

Fannie Mae:  12113 Berry St., Conn. Ave. Estates, Silver Spring 20902 3 BR/1 BA $188,900 SF  

Bank of America:  29 Big Acre Sq. #20-6, Shady Grove Village, Gaithersburg 20878 4 BR/3.5 BA $239,900  TH Condo Fee: $385  + $193/mo.  

Chevy Chase Bank:  12228 Bond St., Conn. Ave. Estates, Silver Spring 20902 4 BR/2 BA $254,900 SF REDUCED FROM $264,900  

Freddie Mac:  47 Brassie Ct., Thomas Choice West, Montgomery Village 20886 3 BR/2 BA $139,900 TH HOA Fee: $80/mo.  

JPMorgan Chase Bank:  18 Brian Ct. #238, Newport Estates, Gaithersburg 20877 3 BR/2.5 BA $126,225 TH HOA Fee: $240/mo.  

REO:  16626 Brogden Rd., Colesville Outside, Spencerville 20868 3 BR/2 BA $235,000 SF  

Bank of America:  3110 Bryan Rd., Colesville Outside, Burtonsville 20866 2 BR/2.5 BA $227,900 SF 1.25 acres REDUCED FROM $234,900  

REO:  5574 Burnside Dr. #5, North Creek Place, Rockville 20853 2 BR/1 BA $170,000 Condo Fee: $322/mo.  

REO:  2905 Byron St., Wheaton Hills, Silver Spring 20902 2 BR/2 BA $203,500 SF REDUCED FROM $213,900  

Bank of America:  8528 Calypso Ln., Flower Hill, Gaithersburg 20879 4 BR/3 BA $235,900 SF HOA Fee: $45/mo. REDUCED FROM $242,900  

Fannie Mae:  10567 Cambridge Ct., Stedwick, Montgomery Village 20886 3 BR/2.5 BA $200,000 TH HOA Fee: $65/mo.  

REO:  9821 Canal Rd., Whetstone, Montgomery Village 20886 5 BR/2.5 BA $399,821 SF HOA Fee: $300/yr. REDUCED FROM $419,821  

REO:  9940 Canvasback Way, Damascus Valley Park, Damascus 20872 3 BR/2.5 BA $159,000 TH HOA Fee: $52/mo. Needs rehab.  

REO:  9723 Capitol View Ave., Capitol View Park, Silver Spring 20910 2 BR/1 BA $178,200 SF Built in 1938  

Freddie Mac:  434 Carousel Ct., Audubon Square, Gaithersburg 20877 3 BR/1.5 BA $167,500 TH HOA Fee: $55/mo.  

LaSalle Bank:  1631 E Carriage House Ter., Tiers, Silver Spring 20904 2 BR/1 BA $117,000 Gar Condo Fee: $299/mo. REDUCED FROM $170,000  

Fannie Mae:  8212 Castlebury Ter., Carriage Walk, Gaithersburg 20879 3 BR/2.5 BA $169,500 TH HOA Fee: $57/mo.

REO:  19 Chatterly Ct., Kingsview Village, Germantown 20874 3 BR/3 BA $414,900 Gar TH

REO:  19917 Choctaw Ct., Blunt Commons, Germantown 20876 3 BR/2 BA $171,100 TH HOA Fee: $70/mo. REDUCED FROM $180,180  

Fannie Mae:  19305 Club House Rd. #301, Thomas Choice, Montgomery Village 20886 1 BR/1 BA $99,000 Condo Fee: $405/mo. REDUCED FROM $129,900

Bank of America:  20156 Club Hill Dr., Churchill Town Sector, Germantown 20874 3 BR/1 BA $169,900 TH HOA Fee: $75/mo. REDUCED FROM $184,900

REO:  13004 Conductor Way #105, Stockbridge/Tanglewood, Silver Spring 20904 3 BR/2 BA $199,900 TH HOA Fee: $169/mo. REDUCED FROM $210,325  

REO:  5105 Crossfield Ct. #14, Bethesda Park, Rockville 20852 2 BR/1 BA $149,900 Condo Fee: $420/mo.  

First National Bank of Arizona:  25 Cross Ridge Ct., Gunners Lake Village, Germantown 20874 2 BR/1.5 BA $158,400 TH HOA Fee: $67/mo. REDUCED FROM $176,000  

REO:  12544 Cross Ridge Way, Gunners Lake Village, Germantown 20874 2 BR/1.5 BA $140,000 TH HOA Fee: $55/mo.  

REO:  12226 Dalewood Dr., Conn. Ave. Estates, Silver Spring 20902 4 BR/2.5 BA $113,400 TH  

Chase Home Finance:  19504 Desmet Pl., Stedwick, Montgomery Village 20886 3 BR/2 BA $343,282 SF HOA Fee: $284/qtr. REDUCED FROM $361,350  

Fannie Mae:  206 Dogwood Dr., Lynpark, Gaithersburg 20877 3 BR/2.5 BA $269,000 SF HOA Fee: $50 one time  

REO:  12217 D Eagles Nest Ct., Waters Edge, Germantown 20874 2 BR/2 BA $168,000 Condo Fee: $195/mo.  

REO:  1901 Ednor Rd., Meadows, Silver Spring 20905 5 BR/4 BA $689,900 SF REDUCED FROM $899,900  

GMAC Mortgage:  12915 Estelle Rd., Glenmont Hills & Heights, Silver Spring 20906 3 BR/2 BA $189,900 SF REDUCED FROM $192,000

REO:  14506 Fairacres Rd., Fairland Acres, Silver Spring 20905 4 BR/2.5 BA $400,000 SF REDUCED FROM $500,000

REO:  18617 Fiddleleaf Ter., Christie Estates, Olney 20832 3 BR/3.5 BA $339,900 TH HOA Fee: $85/mo.  

REO:  211 Frederick Ave., Lincoln Park, Rockville 20850 4 BR/2.5 BA $234,500 SF  

Bank of America:  23201 Frederick Rd., Highlands at Clarksburg, Clarksburg 20871 5 BR/3.5 BA $347,490 SF HOA Fee: $50/qtr.  

Freddie Mac:  9308 Frostburg Way, Partridge Place, Montgomery Village 20886 4 BR/3.5 BA $197,500 TH HOA Fee: $270/qtr. REDUCED FROM $209,900  

Flagstar Bank:  24416 Galeano Way, Sweepstakes Park, Damascus 20872 5 BR/3.5 BA $515,000 SF HOA Fee: $11/mo.  

REO:  17425 Gallagher Way, Cashell Manor, Olney 20832 3 BR.1.5 BA $257,000 TH HOA Fee: $40/mo.  

REO:  9605 Garwood St., Indian Spring Manor, Silver Spring 20901 3 BR/2 BA $399,000 SF REDUCED FROM $422,000  

Bank of America:  13501 Giant Ct., Germantown Estates, Germantown 20874 3 BR/2.5 BA $279,900 TH HOA Fee: $70/mo.  

Fannie Mae:  402 Girard St. #14, Villa Ridge, Gaithersburg 20877 3 BR/2 BA $84,900 Condo Fee: $553/mo. REDUCED FROM $109,900  

Wells Fargo Bank:  406 Girard St. #30, Villa Ridge, Gaithersburg 20877 1 BR/1 BA $49,000 Condo Fee: $454/mo.  REDUCED FROM $79,000.

REO:  420 Girard St. #203, Villa Ridge, Gaithersburg 20877 3 BR/2 BA $129,900 Condo Fee: $551/mo.

HUD:  446 Girard St. #313, Villa Ridge, Gaithersburg 20877 3 BR/2 ABA $99,000 Condo Fee: $528/mo. REDUCED FROM $104,500

Deutsche Bank:  2009 Glenallan Ave, Glen Allen, Silver Spring 20902 5 BR/3 BA $279,900 SF REDUCED FROM $369,900

Deutsche Bank:  9000 Glenville Rd., Pickwick Village, Silver Spring 20901 4 BR/2.5 BA $359,000 SF  

REO:  11010 Grassy Knoll Ter., Kings Square, Germantown 20876 5 BR/3.5 BA $437,900 SF HOA Fee: $25/qtr.

REO:  19621 Gunners Branch Rd. #822, Greenfield Comm., Germantown 20876 2 BR/2 BA $134,900 Condo Fee: $160/mo. REDUCED FROM $154,900

Fannie Mae:  3921 Havard St., Conn. Ave. Estates, Silver Spring 20906 4 BR/3 BA $289,500 SF REDUCED FROM $299,500

Saxon Mortgage:  9708 Hedin Dr., Oakview, Silver Spring 20903 3 BR/2 BA $239,900 SF

Aurora Loan Services:  9704 Hellingly Pl. #212, Christopher Court, Montgomey Village 20886 2 BR/2 BA $95,000 Condo Fee: $381/mo. REDUCED FROM $147,537

Freddie Mac:  9952 Hellingly Pl. #181, Christopher Court, Montgomery Village 20886 1 BR/1 BA $84,500 Condo Fee: $230/mo. REDUCED FROM $98,000  

REO:  2920 Hickory Leaf Way, Fairland, Silver Spring 20904 2 BR/2 BA $142,560 TH  

REO:  18921 Highstream Dr. #745, Woodfield, Germantown 20874 3 BR/2.5 BA $166,320 TH HOA Fee: $60/mo.  

Deutsche Bank:  11708 Highview Ave, Conn. Gardens, Silver Spring 20902 3 BR/2 BA $174,900 SF REDUCED FROM $189,900  

IndyMac Federal Bank:  6311 Holland Meadow Ln., Brookefield, Gaithersburg 20882 4 BR/4.5 BA $715,000 SF HOA Fee: $30/mo.  

Wells Fargo Bank:  9533 Horizon Run Rd. #5C, Horizon Run, Montgomery Village 20886 4 BR/2.5 BA $177,900 TH Condo Fee: $152/mo. REDUCED FROM $194,900  

REO:  5801 Inman Park Cir. #120, Gables of Tuckerman, Rockville 20852 2 BR/2.5 BA $324,900 Condo Fee: $375/yr. + $349/mo.  

Fannie Mae:  15107 Interlachen Dr. #2-1011, The Grns at Leisure World, Silver Spring 20906 1 BR/1 BA $89,384 Condo Fee $353/mo. REDUCED FROM $94,050  

REO:  603 Ivy League Ln. #1-2, College Square, Rockville 20850 4 BR/3.5 BA $345,000 TH HOA Fee: $140/mo. REDUCED FROM $365,000  

Prospect Mortgage:  19451 James Creek Ct., Dellabrooke Forest, Brookville 20833 7 BR/4.5 BA $799,900 SF  

REO:  18735 Jerusalem Church Rd., Poolesville Outside, Poolesville 20837 3 BR/1.5 BA $399,900 SF

REO:  3912 Joliet St., Conn. Ave. Park, Silver Spring 20906 3 BR/2 BA $269,500 SF REDUCED FROM $284,000

Wells Fargo Bank:  10403 Julep Ave., Cameron Heights, Silver Spring 20902 3 BR/1 BA $179,900 SF

IndyMac Bank:  13408 Justice Rd., Wheaton Woods, Rockville 20853 4 BR/3 BA $249,900 SF

Fannie Mae:  14512 Kelmscot Dr. #174-A, Rossmoor Mutual, Leisure World, Silver Spring 20906 3 BR/2 BA $165,000 TH REDUCED FROM $335,000

LaSalle Bank:  2703 Kensington Blvd., Wheaton Hills, Silver Spring 20902 3 BR/2 BA $279,900 SF    

REO:  113 Kestrel Ct., Woodland Hills, Gaithersburg 20879 3 BR/2.5 BA $253,900 TH HOA Fee: $70/mo. REDUCED FROM $269,900  

Bank of Essex:  19219 Liberty Mill Rd., Upton Bowman House, Germantown 20874 3 BR/1 BA $270,000 SF Built in 1900 Needs rehab.  

Freddie Mac:  707 Ludlow St., Rolling Terrace, Takoma Park 20912 3 BR/1 BA $242,500 SF  

HSBC Bank:  1900 Lyttonsville Rd. #512, Park Sutton, Silver Spring 20910 1 BR/1 BA $141,900 Condo Fee: $550/mo. REDUCED FROM $149,900  

Astoria Federal Savings & Loan:  7611 Maple Ave. #507, Takoma Park 20912 3 BR/2 BA $184,900 Condo Fee: $452/mo. REDUCED FROM $265,900  

REO:  2949 McGee Way, Fair Hill Farm, Olney 20832 4 BR/2.5 BA $220,800 TH HOA Fee: $105/mo.  

Fulton Bank:  2511 McVeary Ct. #10BE, Longmead Crossing, Silver Spring 20906 3 BR/2 BA $215,000 Condo Fee: $230/mo. REDUCED FROM $225,000

REO:  1416 Meadowsweet Dr., Meadowsweet, Sandy Spring 20860 5 BR/3.5 BA $941,000 5,216 sf SF HOA Fee: $146/mo. REDUCED FROM $999,900

Bank of America:  15117 Middlegate Rd., Stonegate, Silver Spring 20905 4 BR/2.5 BA $399,900 SF  

Wells Fargo Bank:  7229 Millcrest Ter. #3-1, Mill Creek, Derwood 20855 4 BR/2.5 BA $175,000 TH Condo Fee: $200/mo.  

REO:  19000 Mills Choice Rd. #5, Mills Choice, Montgomery Village 20886 2 BR/1 BA $72,500 Condo Fee: $520/mo.  

HUD:  19014 Mills Choice Rd. #5, Mills Choice, Montgomery Village 20886 2 BR/2 BA $103,500 Condo Fee: $530/mo. REDUCED FROM $109,250  

Fannie Mae:  19120 Mills Choice Rd. #1, Montgomery Village 20886 2 BR/2 BA $79,000 Condo Fee: $564/mo.  

REO:  14708 Myer Ter., Manor Woods, Rockville 20853 4 BR/2.5 BA $306,900 SF  

REO:  14611 Nadine Dr., Manor Woods, Rockville 20853 4 BR/3 BA $328,900 SF  

IndyMac Bank:  18753 Nathans Pl., Nathans Hill, Montgomery Village 20886 2 BR/1 BA $121,000 TH HOA Fee: $108/mo.  

HomEq Servicing: 14102 New Hampshire Ave., Colesville Manor, Silver Spring 20904 3 BR/2 BA $345,000 SF REDUCED FROM $357,600  

Bank of New York:  26 Nina Ct., Newport Estates, Gaithersburg 20877 5 BR/3.5 BA $159,900 TH HOA Fee: $260/mo.  

REO:  4416 Norbeck Rd., Manor Park, Rockville 20853 4 BR/2.5 BA $569,900 SF HOA Fee: $55/mo.  

REO:  1603 Northcrest Dr., Fairknoll, Silver Spring 20904 4 BR/3.5 BA $259,900 SF REDUCED FROM $269,900  

Freddie Mac:  431 Palmspring Dr., Park Summit, Gaithersburg 20878 3 BR/2.5 BA $219,900 TH HOA Fee: $70/mo.  

REO:  1500 Parrs Ridge Dr., Parrs Ridge, Spencerville 20868 4 BR/1 FB/3 HB $429,900 SF  

REO:  26 Pavilion Dr., Relda Square, Gaithersburg 20878 4 BR/2.5 BA $364,900 SF HOA Fee: $150/yr.  

Deutsche Bank:  12205 Peach Crest Dr. #902-D, The Knolls/North Lake, Germantown 20874 2 BR/1 BA $110,500 Condo Fee:  $179/mo. REDUCED FROM $149,900  

Wells Fargo Bank:  317 Philadelphia Ave., Takoma Park 20912 6 BR/3 BA $309,900 SF  

American Home Mortgage:  5 Pickering Ct. #02, Esprit, Germantown 20874 2 BR/2 BA $224,900 Condo Fee: $187/mo.  

REO:  37 Pickering Ct., Esprit, Germantown 20874 2 BR/2 BA $150,000 Condo Fee: $162/mo.  

Deutsche Bank:  18636 Pier Point Pl., Millrace, Montgomery Village 20886 3 BR/2.5 BA $194,900 TH HOA Fee: $86/mo. REDUCED FROM $229,900  

Fremont Investments & Loan:  8830 Piney Branch Rd. #201, Pineway Towers, Silver Spring 20903 3 BR/2 BA $157,500 Condo Fee: $630/mo. REDUCED FROM $169,900  

Citibank:  8830 Piney Branch Rd. #512, Pineway Towers, Silver Spring 20903 3 BR/2 BA $148,900 Condo Fee: $595/mo. REDUCED FROM $198,500

REO:  17415 Pipers Way #5, Olney Crossing, Olney 20832 3 BR/1.5 BA $209,900 TH Condo Fee: $235/mo.

REO:  612 Pleasant Dr., King Farm Watkins Pond, Rockville 20850 3 BR/2.5 BA $559,900 Gar TH HOA Fee: $73/mo.

REO:  12914 Poppy Seed Ct., Germantown Park, Germantown 20874 3 BR/1.5 BA $144,900 TH HOA Fee: $124/mo.

SunTrust Bank:  629 Potomac Ave., Blair, Silver Spring 20910 2 BR/2 BA $325,900 SF REDUCED FROM $347,900

Fannie Mae:  798 Quince Orchard Blvd. #1, Diamond Farm, Gaithersburg 20878 1 BR/1 BA $114,900 Condo Fee: $457/mo.

Fannie Mae:  826 Quince Orchard Blvd. #202, Diamond Farm, Gaithersburg 20878 1 BR/1 BA $92,000 Condo Fee: $377/mo.

Wells Fargo Bank:  11309 Rambling Rd., Middlebrook Hill, Gaithersburg 20879 5 BR/3 BA $319,900 SF  

Bank of New York:  20215 Red Buckeye Ct., Blunt Commons, Germantown 20876 4 BR/3.5 BA $234,900 TH HOA Fee: $55/mo.    

Sandy Spring Bank:  25624 Ridge Rd., Damascus Outside, Damascus 20872 5 BR/4 BA $300,000 SF REDUCED FROM $450,000  

Freddie Mac:  132 Ritchie Ave., Takoma Park, Silver Spring 20910 3 BR/2 BA $285,000 SF REDUCED FROM $368,534  

REO:  17506 Sabrina Ter., Cashell Estates, Derwood 20855 3 BR/2 FB/2 HB $214,900 TH HOA Fee: $50/mo.  

REO:  4 Seek Ct., Wheaton Out, Takoma Park 20912 3 BR/2.5 BA $196,900 TH HOA Fee: ?  

Wells Fargo Bank:  7 Seek Ct., Wheaton Out, Takoma Park 20912 3 BR/2.5 BA $199,000 TH HOA Fee: $85/mo. REDUCED FROM $215,000  

Deutsche Bank:  7 Shelldrake Ct., Damascus Valley Park, Damascus 20872 2 BR/1.5 BA $194,900 TH HOA Fee: $51/mo. REDUCED FROM $199,900  

HSBC Bank:  18701 B Sparkling Water Dr., Fountain Hills, Germantown 20874 2 BR/2 BA $174,900 Condo Fee: $273 + $47/mo. REDUCED FROM $229,900  

Citibank:  19036 Staleybridge Rd., Fox Chapel, Germantown 20876 4 BR/2 BA $204,900 SF REDUCED FROM $207,900  

REO:  19048 Staleybridge Rd., Fox Chapel, Germantown 20876 4 BR/2.5 BA $239,900 SF REDUCED FROM $284,900  

Bank of America:  2380 Sun Valley Cir. #2-N, Kimberly Place, Silver Spring 20906 3 BR/2.5 BA $164,900 TH Condo Fee: $274/mo.  

Wells Fargo Bank:  12201 B St. Peter Ct. , Waters Edge, Germantown 20874 2 BR/2 BA $175,000 Condo Fee:  $195/mo.  

REO:  18300 Streamside Dr. #101, Flower Hill, Gaithersburg 20879 2 BR/2 BA $124,900 Condo Fee: $224/mo. REDUCED FROM $127,997  

Deutsche Bank:  18228 Swiss Cir. #3, Farmingdale, Germantown 20874 2 BR/2 BA $159,900 Condo Fee: $170/mo.  

Wells Fargo Bank:  500 Thayer Ave. #204, Hartford-Thayer, Silver Spring 20910 2 BR/1 BA $163,900 Condo Fee: $205/mo.  

REO:  513 Thayer Ave., Sligo Park Hills, Silver Spring 20910 4 BR/2 BA $359,800 SF REDUCED FROM $379,800  

Household Finance Corp.:  18373 Timko Ln. #89, Heritage Gate, Germantown 20874 2 BR/1 BA $144,900 TH Condo Fee: $208/mo. REDUCED FROM $152,900  

Fremont Investment:  13779 Travilah Rd., Darnestown Outside, Rockville 20850 6 BR/5 BA $900,000 SF REDUCED FROM $1.249,900  

REO:  8829 Tuckerman Ln., Highland Stone, Potomac 20854 4 BR/4 BA $564,000 SF  

REO:  3524 Turbridge Dr., Silver Spring Country Club, Burtonsville 20866 5 BR/3.5 BA $324,500 SF HOA Fee: $65/mo.  

REO:  2327 Twin Valley Ln., Hammond, Silver Spring 20906 5 BR/4 BA $600,000 SF Incomplete construction  

REO:  2405 Twin Valley Ln., Hammond, Silver Spring 20906 5 BR/4 BA $850,000 SF Incomplete construction  

Aurora Loan Services:  19908 Tygart Ln., Hadley Farms, Gaithersburg 20879 3 BR/2.5 BA $239,000 TH HOA Fee: $97/mo.  

REO:  3002 University Blvd. W, Kensington Heights, Kensington 20895 3 BR/1 BA $269,900 SF REDUCED FROM $279,900  

REO:  445 University Blvd. E, Long Branch Village, Silver Spring 20901 4 BR/2 BA $184,900 SF Built in 1943  

Equity One:  3355 University Blvd. W #108, Kenmanor, Kensington 20895 2 BR/1 BA $216,000 Condo Fee: ?  

Bank of America:  315 Valley Brook Dr., Springbrook, Silver Spring 20904 8 BR/3 BA $399,900 SF  

REO:  1900 Veirs Mill Rd., Twinbrook Forest, Rockville 20851 4 BR/2 BA $269,900 SF  

Fannie Mae:  18622 Walkers Choice Rd. #2, Normandie on the Lake II, Montgomery Village 20886 2 BR/2 BA $94,900 Condo Fee: $450/mo. REDUCED FROM $129,900  

Freddie Mac:  18636 Walkers Choice Rd. #1, Normandie on the Lake II, Montgomery Village 20886 1 BR/1 BA $55,000 Condo Fee: $445/mo. REDUCED FROM $121,200  

Banco Popular:  18726 Walkers Choice Rd. #4, Normandie on the Lake II, Montgomery Village 20886 3 BR/2 BA $88,000 Condo Fee: $550/mo.  

Freddie Mac:  2101 Walsh Ter. #17-103, Americana Finmark, Silver Spring 20902 1 BR/1 BA $134,900 Condo Fee: ? REDUCED FROM $140,000  

HSBC Mortgage Services:  17 Water St. #13, Lilac Gardens, Gaithersburg 20877 2 BR/1 BA $79,900 Condo Fee: $315/mo. REDUCED FROM $92,500  

REO:  17 Water St. #18, Lilac Gardens, Gaithersburg 20877 2 BR/1 BA $69,900 Condo Fee: $228/mo. REDUCED FROM $75,900  

Wells Fargo Bank:  10333 Watkins Mill Dr., Stedwick, Montgomery Village 20886 3 BR/2.5 BA $254,900 TH HOA Fee: $278/qtr. REDUCED FROM $272,900

CDA:  3 Welbeck Ct., McConkey, Montgomery Village 20886 3 BR/2.5 BA $160,000 TH HOA Fee: $273/qtr.

REO:  20113 Welbeck Ter., McConkey, Montgomery Village 20886 3 BR/2.5 BA $119,000 TH HOA Fee: $30/mo.

Fannie Mae:  790 West Side Dr. #10-A, Brighton West, Gaithersburg 20878 3 BR/2.5 BA $149,000 TH Condo Fee: $380/mo.

REO:  1082 West Side Dr., Brighton West, Gaithersburg 20878 4 BR/2.5 BA $149,900 TH Condo Fee: $380/mo.

REO:  809 Westmore Ave., Woottons Mill, Rockville 20850 2 BR/1 BA $260,000 SF Built in 1947

REO:  62 Whitechurch Ct., Churchill Town Sector, Germantown 20874 4 BR/2.5 BA $179,900 TH HOA Fee: $62/mo.

REO:  13327 Whitechurch Cir., Churchill Town Sector, Germantown 20874 2 BR/1.5 BA $134,900 TH HOA Fee: $62/mo. REDUCED FROM $154,900

REO:  9710 Winery Ct. #9710, Meadow Ridge Villas, Gaithersburg 20879 2 BR/2 BA $204,900 Condo Fee: $300/mo. Seniors 62+ REDUCED FROM $225,000  

REO:  304 Winter Walk Dr., Quince Orchard Park, Gaithersburg 20878 4 BR/3.5 BA $524,900 SF  

Freddie Mac:  14201 Wolfcreek Way #4-24, Wintergate/Longmead, Silver Spring 20906 3 BR/2 BA $172,500 Condo Fee: $180/mo. REDUCED FROM $211,150  

REO:  13117 Wonderland Way #13, Farmingdale, Germantown 20874 2 BR/2 BA $75,000 Condo Fee: $150,000. Shell. Cash or rehab.  

Wells Fargo Bank:  25752 Woodfield Rd., Damascus Valley Park, Damascus 20872 3 BR/2.5 BA $184,900 TH HOA Fee: $76/mo. REDUCED FROM $229,000  

REO:  3203 Woodhollow Dr., Parkcrest, Chevy Chase, 20815 4 BR.3 BA $679,000 SF REDUCED FROM $700,000

Copyright 2008 by Roy Kelley - Information deemed reliable, but is subject to changes. We must always confirm availability and current prices. Any reproduction, distribution or other use is prohibited. Do not email this report to others without written authorization from Roy Kelley.

We have a very simple request if you wish to receive our information and advice.  We ask you to agree to use us as your exclusive buyer agents for your next real estate purchase. Please advise us if you are represented by another real estate agent.

Please contact us if you have questions about the foreclosure process in Maryland. If you are searching for a property, please tell us about your specific needs.  Please refer your friends that may wish to purchase a residence or investment property.

Your Real Estate Professional,

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879  

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Frederick County REO:  We distribute a separate list of the lender owned foreclosures in Frederick County, MD.  If you are not on that list and wish to receive the reports, please contact us at roykelley@mris.com  

First time home buyer tax credit information:   www.federalhousingtaxcredit.com

CHANGES URGED TO RULES ON CONDO LOANS 

 By NICK TIMIRAOS  THE WALL STREET JOURNAL

Two Democratic lawmakers are calling on Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery.

http://online.wsj.com/article/SB124562533240635581.html

Many prospective condo purchasers are unable to obtain mortgage financing with the current rules. For some, FHA is an alternative. Are these rules slowing sales in your market?

We represent home buyer clients as their exclusive agent. All prospective buyers should obtain pre-approval for mortgage financing. roykelley@mris.com