The Rockville real estate market in Derwood's zip code 20855 saw the following changes in September 2011 compared to last year at this time: - average sold price went up by 5.36% - average days on market are higher, from 72 to 128 days to get a home sold - sellers are getting less of what they are asking - 89.3% of the list price vs. 97.2% of last year's average.
What Has Sold?
In September, only 4 single family homes sold. There were no condos or townhomes sold, and neither were there any short sales or foreclosures in the 20855 zip code.
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What Is Happening with Home Prices in Derwood?
Single family home average price did see an increase in September (see chart - mouse over for details). A change in the average sales price for one month is not necessarily an indication of a trend, it could just indicate that more homes were sold in a more or less expensive neighborhood of Derwood.
The most expensive home that sold was a renovated and remodeled colonial in Granby Woods. The original list price was $759K, but it closed for $580K.
You can see more details about home sales in our report on Rockville Property Values.
Are Sellers Getting Their Asking Price in Derwood in Rockville?
The chart below (mouse over for details) shows this year's trend for the proportion of original listing price a home seller is getting when they sell. This takes into account price reductions. This month's overall average is 89.3%, compared to last year's average of 97.2% and the overall county average that is 93.9%.
How Long Is it Taking to Sell a Home?
The average number of days it took a home to sell in September was 128, compared to 72 last year. The overall county average for the month was 77. You can see more market statistics in our Rockville Real Estate Market Trends Report.
Who is Buying?
There were no cash buyers (often investors) in 20855 for September. Overall in Montgomery County, cash buyers made up 16.79% of home sales.
What is For Sale?
Click on the map below to start your Rockville and Derwood home search, save your favorites, set up automatic emails, and receive alerts for properties that fit your criteria.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.
Bob Myers, The Myers Team, Re/Max Realty Services, 15020 Shady Grove Road, #400, Rockville, MD 20850 Cell 301-910-9910, email bobmyers4homes@gmail.com, @bobmyers4homes
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