Damascus, MD Market Report – 12/19/11

19 Dec
December 19, 2011

Damascus is an unincorporated area in northern Montgomery County.  Although there is a large population grown and urban development, Damascus still retains its small town feel.

Damascus has seen significant new housing growth in recent years.  Housing costs in Damascus are among some of the highest in the nation, however the real estate prices don’t compare to real estate prices in the most expensive communities in Maryland.

Here is the latest Real Estate Data on Damascus, MD:

20872 Damascus, MD

Statistic Values YoY MoM
Total Sold Dollar Volume $1,783,400 +61.39% -29.26%
Closed Sales 5 +66.67% -44.44%
Median Sold Price $349,900 -14.66% +16.63%
Avg Sold Price $356,680 -3.16% +27.34%
Avg Days on Market 61 days -35.79% -42.99%
Avg Sold to Orig List Ratio 89.72% -0.92% -0.09%

Damascus High School is the only high school in the greater Damascus area and is well-known for strong academics and championship athletic teams.   Damascus also benefits from a large, well-funded youth athletic program, the Damascus Sports Association.  Damascus High School is one of the few schools in the State that still holds its graduation ceremonies on the school’s football field.  In 2000 the commencement speaker was General Colin Powell.

Damascus has many types and styles of homes for sale and the community offers many events of interest and amenities that are unique to the area.  The town has many outdoor activities to enjoy and has a family friendly atmosphere about it.

Market data and commentary provided by Kathy Fleskes & Serena Toro, Rockville Avery-Hess, Realtors Office.

 

 

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