Germantown home sales saw the following changes in February 2016, compared to last year at this time:
– average sold price in February 2016 was $280,953 compared to last year’s $268,890
– average days on market to sell a home decreased to 75 days in February 2016 from 77 days in February 2015
– average sold price sellers were getting saw no significant change from 94.1% in 2015 to 95% in 2016
– market activity is summarized in the following chart(mouse over for details):
In February 2016 there were 8 single family homes, 41 townhouses and 16 condos sold.
Many Germantown neighborhoods have been active, such as Churchill Town Sector, Gunners Lake Village and Germantown Estates.
Do you want to stay up to date on what homes are selling for in your neighborhood? Then sign up for our Germantown Home Sales Report.
The most expensive home sold in February 2016 was in Kingsview Village for $650,000.
You can see more details about Germantown home sales in our report on Germantown Property Values.
The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were 13 cash buyers (often investors) in February 2016.
In February 2016, the average days on market was 75 compared to 77 days during the same time last year. You can see more market statistics in our Germantown Real Estate Market Trends Report.
Click on the map below to start your Germantown 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.