How’s the Gaithersburg MD 20878 Real Estate Market?
The Gaithersburg real estate market in zip code 20878 saw the following changes in the beginning of the 3rd quarter of 2012 compared to last year at this time. As of the end of July:
– average sold price in 2012 was $466,584 compared to last year’s $456,407
– average days on market to sell a home increased to 63 days in 2012 from 59 days in 2011
– average sold price sellers were getting increased slightly in 2012 to 96% from 95.3% in 2011
- market activity is summarized in the following chart:
What Has Sold?
As of July 2012, 184 single family, 150 town houses and 78 condos sold, with 47 short sales and 8 foreclosures in the 20878 zip code.
The Gaithersburg neighborhoods with the most activity were in Kentlands, Lakelands, Diamond Farm, Amberfield.
Do you want to stay up to date on what homes are selling for in your neighborhood? Then sign up for our Market Snapshot Report.
Since July, the most expensive home that sold in 20878 was a custom built colonial in Belvedere for $1.3M.
You can see more details about home sales in our report on Gaithersburg Property Values.
Are Sellers Getting Their Asking Price in Gaithersburg?
The chart below (mouse over for details) shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were 54 cash buyers (often investors) through the end of July.
How Long Is it Taking to Sell a Home?
So far this year, the average days on market is 63 compared to 59 days last year, which is an increase of 6.78% You can see more market statistics in our Gaithersburg Real Estate Market Trends Report.
What is For Sale?
Click on the map below to start your Gaithersburg home search, save your favorites, set up automatic emails, and receive alerts for properties that fit your criteria.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.
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