Kensington, MD Market Report – 11/2/09

02 Nov
November 2, 2009

The following statistics represent the market in Kensington, located within Montgomery County, Maryland:

  • Homes for sale: 81
  • Closed sales: 14
  • Average sales price: $579,868
  • Average days on market: 71

With their close proximity to the District of Columbia, homes in Kensington maintain a high average sales price. In fact, the average sales price in Kensington this year is 8% higher than at the same time last year. Kensington did not experience the large number of foreclosures that many outlying suburbs have, so its home values have held up well and even slightly increased. Though many of the neighborhoods were built through the 1940s, 50s and 60s, some of the original houses have been torn down and new homes have been built on those same lots because of the great location. Meanwhile, other houses have had additions and extensive remodeling done instead. Consequently, there can be great variation within any given neighborhood.

One of the things locals know about Kensington is Antique Row, which is on Howard Avenue in the commercial section of Kensington. It is a great place to spend a day looking for treasures.

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

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

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