Clarksburg, MD Market Report – 12/8/09

08 Dec
December 8, 2009

This is our first market report on the Avery-Hess blog for Clarksburg, Maryland. The statistics below reflect what’s going on now in the housing market in Clarksburg:

  • Homes for sale: 99
  • Closed sales: 10
  • Average sold price: $444,771
  • Average days on market: 122

The Clarksburg market for detached single family homes and townhouses is a screaming bargain. Homes there are all relatively young in age, and they’re full of options that new homebuyers have added with creative builder financing. Many of these properties have either gone to foreclosure, been involved with divorce-related sales, or are being sold for less than what is owed on the mortgages–also known as a short sale.

The reason for short sales throughout Clarksburg is the majority of Clarksburg was built and sold in the peak market years of 2005 through 2007. As the Clarksburg market moves through this refinancing cycle, it presents tremendous value for resale buyers.

When fully built-out, Clarksburg will have 40,000 residents and be a major population center in Montgomery County.

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

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

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