Montgomery County, MD 9/28/11

28 Sep
September 28, 2011

Montgomery County, Maryland is made up of many zip codes – the part of the county that I have chosen to focus on today is the 20853 area.

The Rockville neighborhoods that encompass the 20853 area are:

Aspen Hill Park,  Aspen Knolls, Bel Pre Woods,  Brookhaven, English Manor, Flower Valley, Manor Lake, Manor Village, Manor Woods, Norbeck Estates, Norbeck Manor, North Creek Village, North Creek Place, Park Terrace, Rock Creek Manor, Royal View, Smalls Nursery, Stoney Brook Estates, Sycamore Acres, Wheaton Woods, and I am sure there are few I have left out.

These neighborhoods are conveniently located near Rockville, Twinbrook and Shady Grove Metro Stations and are close enough to the center of Rockville to enjoy the Rockville Town Center which is built adjacent to the Montgomery County Courthouse.

You will find a wide range of housing opportunities in this ZIP code from condos, rental apartments and townhouses to large country club estates and luxury homes on several acres.

Visit one of these delightful neighborhoods in Rockville and you may just decide to stay.

The current population for this portion of Montgomery County is 27,142 with a total number of households at 9,304.

Here is what the Real Estate Market looks like in comparison to this same time last year:

Rockville 20853

AUG 2011 vs. AUG 2012

Total Sold Dollar Volume $10,652,850 +6.86% -8.82%
Closed Sales 29 +11.54% -12.12%
Median Sold Price $322,500 -7.19% -10.91%
Avg Sold Price $367,340 -4.2% +3.75%
Avg Days on Market 55 days +30.95% -3.51%
Avg Sold to Orig List Ratio 93.89% +0.16% -0.38%

 

What Sells a Home in Rockville (20853) in Today’s Market?

Looking at these statistics, the market is not what it once was. You must be realistic about what selling in today’s market means. You value your home, but it may not be “worth” as much today as it was yesterday, last month, or last year.

It’s a common misconception that location is the leading factor of whether or not a home sells. It is, instead, price. Think about this scenario. You have a home located in a prestigious and sought-after neighborhood, yet the list price is tens of thousands of dollars over the comps for the area. No one will be interested. This same property priced just below the competition will fly off the market.

An accomplished, knowledgeable agent can be your biggest ally during the selling process. At Avery-Hess, Realtors our Agents know the latest market trends and have built a network of agents and contacts to whom to market your home. With an arsenal of marketing tools available, from video tours and webcasts to brochures, websites, and MRIS listings, this should be an important part of your selling strategy.

Market data and commentary provided by Kathy Fleskes, Managing Broker, Rockville Regional Office.

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

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