Gaithersburg home sales in 20878 saw the following changes in 2015 compared to last year at this time:
– average sold price was $504,609 compared to last year’s $56,301
– average days on market to sell a home increased from 49 days in 2014 to 59 days in 2015
– average sold price sellers were getting saw a slight decrease to 96.4% in 2015 from 97% in 2014
– market activity is summarized in the following chart:
As of the end of 2015, 381 single family homes, 534 townhouses and 224 condos sold, with 24 short sales and 57 foreclosures in the 20878 zip code.
The Gaithersburg neighborhoods with the most activity have again been in Crown Farm, Kentlands, Lakelands and Quince Orchard Park.
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On July 1, the most expensive home that sold in zip code 20878 was an almost 4 acre estate in Belvedere for $1,695,000.
You can see more details about Gaithersburg home sales in our report on Gaithersburg Property Values.
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 139 cash buyers (often investors) in 2015.
Through the end of 2015, the average days on market was 59 compared to 49 days last year. You can see more market statistics in our Gaithersburg Real Estate Market Trends Report.
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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.