Avenel MD Luxury Homes Market Update For February 2011

Most of the time writing these short articles, I look at all of the homes in an entire zip code, such as all available listings in Potomac MD.  But sometimes it is important, and even interesting, to look at smaller sub-sets of properties, such as Avenel MD Luxury Homes, which is what I will attempt to do here.

Avenel MD is a community within Potomac, which is generally considered zip code 20854.  In addition, when people talk about luxury homes, that can mean any number of things.  In some communities, it might be any home over $1,000,000.  Others might consider it the top 10% of any market.  But for the sake of this quick post, I will be looking only at the top 25% of homes currently for sale in zip code 20854, and then assume that luxury homes in Avenel MD are following suit.

A lot of areas are seeing downward trends in their pricing, but not this graph.  The most expensive quarter of homes for sale in this community are actually seeing their asking price rise over the past six months.  That could be a seasonal adjustment, or perhaps the sign of a trend.  To really get to the root of this matter, it may be best to talk with an area expert.