20895 Kensington, MD.
All properties including Condos, Townhomes & Single Families.
Condo & Coop properties:
In 20895, the median sold price for Condo & Coop properties for April was $125,000, representing a decrease of 19.4% compared to last month and an increase of 0% from Apr 2012. The average days on market for units sold in April was 21 days, 42% below the 5-year April average of 36 days. There was a 100% month over month decrease in new contract activity with 0 New Pendings; a 20% Month to Month decrease in All Pendings (new contracts + contracts carried over from March) to 4; and a 66.7% increase in supply to 5 active units. This activity resulted in a Contract Ratio of 0.80
The citizens of Kensington are among the few that can honestly brag that the Real Estate bottom has come and gone. With a Total Sales Volume of $8,010,210 just last month, which is up not only 2.05% over last month, and up 80.39% - yes, I said - 80.39%, over this time last year!
With its close proximity to the District of Columbia, Kensington homes maintain a high average sales price. The average sales price in Kensington this year is 8% higher than at the same time last year. Kensington did not experience the large number of foreclosures that many outlying suburbs have, so its home values have held up well and even slightly increased.