Olney/Brookeville, MD Market Report – 10/23/09

23 Oct
October 23, 2009

The following represents the market conditions in Olney and Brookeville, Maryland:

  • New listings: 109
  • Homes sold: 30
  • Average sales price: $468,187
  • Average days on market: 54

Once considered to be out of the way, the Montgomery County suburbs have extended their reach out to Brookeville and Olney over the years. As a result, you’ll often find that the older the home, the bigger the lot. However, recently builders have been building new homes on one acre plus lots in the area. Olney is a popular area to live because of its proximity to the employment areas of Columbia, Silver Spring, Gaithersburg and Washington, DC.

The Brookeville and Olney areas have an extremely wide range of prices based on house and lot size. There are starter condos up to large sprawling “Gentleman Farms” and horse farms.

Olney Theater on Route 108 has some terrific shows in a large modern building. It’s not only popular with residents in Olney, but the theater also has fans from a far range of the surrounding area.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Olney and Brookeville, and all of the DC Metro: www.averyhess.com

Tags: , , , , , , , ,
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply