Montgomery County MD Real Estate, 2007 Sales report

Below is a very detailed report of the reality of the real estate market in 2007. This report was compiled on Saturday December 29, 2007. A few more homes under contract may close on Monday December 31, 2007 and a few more may go up for sale between the time of this report and the clock striking midnight to welcome in 2008. Regardless of those homes, this report is designed to provide consumers with accurate and detailed information as to the reality of the real estate market in Montgomery County, MD over the course of the year 2007. We have broken this report up to cover both price ranges and cities. If there is other information that you would like and do not find in this report, please e-mail us and we will provide you with the information.

Total Homes Currently for sale: 4,813 Total Homes Sold in Montgomery County in 2007: 10,192

For Sale under $200,000: 258 Total Home Sold under $200,000 in 2007: 319

For Sale $200,000-$300,000: 904 Total Sold between $200,000 - $300,000: 1,494

For sale $300,000-$400,000: 1,177 Total Sold between $300,000 - $400,000: 2,442

For sale $400,000- $500,000: 891 Total Sold between $400,000 - $500,000: 2,042

For sale $500,000 -$600,000: 505 Total Sold between $500,000 - $600,000: 1,296

For sale $600,000 -$700,000: 327 Total Sold between $600,000 - $700,000: 926

For sale $700,000 -$800,000: 209 Total Sold between $700,000 - $800,000: 609

For sale $800,000 -$900,000: 121 Total Sold between $800,000 - $900,000: 400

For sale $900,000-$1000000: 72 Total Sold between $900,000 - $1000000: 274

For sale $1000000 -$120000: 77 Total Sold between $1000000 - $1200000: 250

For sale $1200000 -$1500000: 123 Total Sold between $1200000 - $1500000: 285

For sale $1500000 -$1750000: 61 Total Sold between $1500000 - $1750000: 119

For sale $1750000 -$2000000: 65 Total Sold between $1750000 - $2000000: 77

For sale $2,000,000 & above: 113 Total Sold for more than $2,000,000: 131

Most Expensive home for sale: $7,600,000 Most Expensive Home Sold in 2007: $5,350,000

The Price ranges above cover homes in every city of Montgomery County. Below is a detailed list of the number of homes that have sold in 2007 broken down by city. The cities are listed in alphabetical order for simplicity.

Ashton: 17

Aspen Hill: 18

Barnesville: 3

Beallsville: 1

Bethesda: 1,013

Boyds: 60

Brookeville: 62

Burtonsville: 163

Chevy Chase: 360

Clarksburg: 115

Damascus: 131

Darnestown: 40

Derwood: 135

Dickerson: 1

Gaithersburg: 1,370

Garrett Park: 15

Germantown: 1,181

Glen Echo: 2

Kensington: 251

Montgomery Village: 213

North Bethesda: 59

North Potomac: 188

Olney: 320

Poolesville: 48

Potomac: 523

Rockville: 1,402

Sandy Spring: 12

Silver Spring: 2,266

Washington Grove: 6

Wheaton: 1

The final section of interpreting the sales that occurred in Montgomery County MD over the course of 2007 is the breakdown of the types of housing. Below are the various types of homes that sold within Montgomery County as well as the number of units within each type:

Single Family homes: 5,281

Townhouses: 2,850

Garden style Condominiums: 1,162

Mid-rise & High rise Condominiums: 612

Comparing the calendar year of 2006 to the calendar year of 2007, there were 3,344 less sales of record (all information in this report has been compiled from the MRIS. New homes are the responsibility of the selling agent to record in MRIS & are not always recorded) within the calendar year of 2007 than occured in 2006 (13,536 sales in 2006). Based on a complete calendar year, there were 27.92 homes that sold each and every day within Montgomery County MD in the calendar year of 2007. Please note as well that Montgomery County spans only 497 square miles of land. Should you have any questions pertaining to this report or be interested in participating in one of the next thousands of sales that will occur in the Calendar year 2008, please do not hesitate to e-mail or call us anytime toll free 888.540.5674

Disclaimer:
This report was compiled solely based on the facts. All information pertaining to pricing and units sold was pulled from the MRIS and it was done so for informational purposes only. This report was done with the intent of not expressing any opinons and solely for information and to help answer real estate related questions that the consumer may have. Josh Ross, The Ross Collection LLC & RE/MAX PROS assume no liability for any incorrect or inacurate data contained in this report. This report was compiled with information provided by the MRIS (MLS system for licensed realtors within MD,VA,DC,PA,WVA & DE). This report may not be reproduced in any part or in its entirety without the express written consent of The Ross Collection, LLC.