Luxury Homes In Avenel MD And Potomac See Median Asking Price Of $3,000,000

If you will allow me the freedom of defining luxury homes as the most expensive 25% of homes on the market at any given time, then the graph above gives you a pretty good idea of how asking prices for Avenel MD luxury homes are tracking.  Avenel is a small part of the larger Potomac real estate market, but by checking out the larger market, I think it is fair to say we can an idea of what is happening in smaller pockets of homes.

According to the graph above, the least expensive quartile of homes for sale in the area are tracking at a median asking price of $750,000.  In contract, the most expensive 25% of homes currently has a median asking price of $3,000,000, quite a difference, four times the price of the first group of homes!

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