Derwood, MD 11/28/11

28 Nov
November 28, 2011

The unincorporated area of Derwood lies east of Rockville, southeast of Gaithersburg, southwest of Olney and northwest of greater Silver Spring.  The ZIP Code for all of Derwood is 20855.  Many neighborhoods make up Derwood and it is served by quite a few Montgomery County Public Schools.  The ICC (Route 200) runs directly through central Derwood and a number of residents were displaced and areas were affected by the construction.

The Shady Grove Metro station which opened in 1984 has helped the Derwood area to greatly expand in size also.

As you can see from the Market Statistics for the October 2011 Derwood is pulling out of this Real Estate down turn.

October 2011 Real Estate Market Statistics for 20855 Derwood, MD–

Statistic values YoY MoM
Total Sold Dollar Volume $3,287,000 -27.15% +65.72%
Closed Sales 8 -20% +100%
Median Sold Price $375,000 -11.66% -27.36%
Avg Sold Price $410,875 -8.93% -17.14%
Avg Days on Market 96 days +57.38% -25%
Avg Sold to Orig List Ratio 94.94% +0.86% +6.27%

 

Derwood, Maryland is a quiet community in Montgomery County.  I think of it, being a Realtor, as my secret weapon.  Many locals know about Derwood – but surprisingly enough not as many as you think.  I got an inquiry from a potential client who is being transferred to this area.  They want a single-family home, 3+ bedrooms, garage, nice size yard, good schools, safe BUT most importantly walking distance or VERY CLOSE to a Metro stop.  All of this, and they can pay no more than $400,000.  Well in Montgomery County that is a very tall order.  Derwood is a charming bedroom community that fits the mold for many anxious potential home owners.

While searching on line for a home, not many of us or our clients think to type in the city of Derwood.  Who has even heard of it right?  It’s time to find out.  As a BUYERS AGENT, Derwood, MD maybe just what your client is looking for don’t miss this little known opportunity.

As a LISTING AGENT this is a bit trickier — sure you have just listed the PERFECT HOME at the PERFECT PRICE.  Yet, no one is showing it.  Marketing a home in Derwood because of its anonymity takes a bit more effort.  Just placing one of these special properties in the MRIS is not going to cut it.  MRIS is very rigid.  As Realtors we all know that entering the city in as Rockville/Derwood will not work.  I have to tell you that most of the individual websites that pull information from MRIS do allow it.  So, going to all of the individual websites and making changes to increase exposure will increase traffic.  Additional advertising MUST be done with properties in this area.   Take a little time and spending a bit of money will get the job done.  You and your clients will be smiling.

See the additional GOOD NEWS about Derwood Maryland.  I find these statistics a breath of fresh air.  What do you think?

 

Market data and commentary provided by Kathy Fleskes, Managing Broker, and Serena Toro of the Rockville Regional Office.

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

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