Montgomery Village, MD 11/07/11

07 Nov
November 7, 2011

Like much of our country the Montgomery Village Real Estate market is struggling.  The only real POSITIVE for the month of September is that the MEDIAN SOLD Price has increased.  This is a sign that change is coming.  With mortgage rates and Sale Prices at an all time low – the TIME TO BUY IS NOW!

Here are the Real Estate Statistics for Montgomery Village, Maryland for September 2011.

Statistic Values YoY MoM
Total Sold Dollar Volume $5,835,900 -31.2% +9.67%
Closed Sales 28 -30% +12%
Median Sold Price $215,000 +20.45% +9.14%
Avg Sold Price $208,425 -1.71% -2.08%
Avg Days on Market 95 days +79.25% +23.38%
Avg Sold to Orig List Ratio 93.83% -4.07% -0.52%

A number of large companies call Gaithersburg home including IBM, Lockheed Martin, MedImmune, Sodexo and the National Institutes of Standards and Technology (NIST).

The greater Montgomery Village area encompasses many small and large communities, and housing ranges from apartments, condos, luxury townhouses and moderately priced homes; large estates on several acres and compact track homes all make up the Gaithersburg community.

Montgomery Village centers around a large man-made lake and now includes a golf club, Lakeforest Mall and smaller centers for shopping and gathering with friends.  The many houses, townhomes and apartments in Montgomery Village offer a wide array of living accommodations for residents of Montgomery County.  The Montgomery Village Athletic clubs such as volleyball, wrestling, and soccer rival any in the county and have the reputation for producing star quality athletes.  Montgomery Village is a great place to call home.

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

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

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