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.

Silver Spring MD Homes For Sale Asking Price Update

This will be a very short article, aimed primarily at anyone living in the Silver Spring market, and even those considering buying one of the available downtown Silver Spring MD homes for sale.  The median asking prices have really taken it on the chin over the past six months, losing over 12% of their value in just that short time.  If you will allow me to speak in rough numbers, in August of 2010, the median asking price for Silver Spring MD homes was right around $400,000, but in our most recent measurement, that number has fallen to $350,000, a drop of $50,000, or 1/8th of last fall's asking price.  That's pretty rough.

If you are considering selling your Silver Spring home, or maybe you want to buy one, and you need more market information to make a good decision, please don't hesitate to visit http://dcrealestatemarketplace.com for the most current market statistics as well as the most effective home marketing solution anywhere!

Picture of Potomac MD home in DC Real Estate Market

As a successful real estate agent in the DC area, I find myself in the car quite a bit, driving through different neighborhoods, either on my way to a listing appointment, or maybe with buyers looking to purchase a new home.  Sometimes, when I am by myself, I like to carry my camera with me and take a few pictures of attractive homes as I drive by.
Here is just such an example!  A week or two ago, I was driving by a few Potomac MD homes and decided to slow down and take a few pictures.  The Potomac area is clearly one of the more desirable areas in and around DC, and I suppose this picture gives you an idea why!  It is not for sale, and I am not implying any agency here, I am simply sharing a nice picture with you.


If you find that you are looking for more information on the Potomac real estate market, and would like to maybe get some information, such as pricing data and inventory data, then perhaps the best place for you to look would be http://dcrealestatemarketplace.com/communities/potomac  If I am not mistaken, there are even a few links already put together there for searches of homes for sale in the Potomac market.