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 |
|
|
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
We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties. Your Real Estate Professionals In Maryland.
Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group
Client Assistance: 301-670-8996
Recipient of the RE/MAX International Lifetime Achievement Award - 2008
