Potomac, MD (PRWEB) May 19, 2016
Marc Cormier of The Tania Ivey Home Selling Team (part of Keller Williams Realty) believes that real estate investors, buyer and sellers don't just need to understand the generalities of the industry. They also have to understand the micro-market of the area where they want to invest, and to help them, he has a snapshot of the local market in Potomac, Maryland.
On May 17, 2016, this close knit community had over 240 homes listed in the 20854 area code -- many of which are available at http://www.Potomac.House. These homes range drastically in price from less than a half a million ($489,000) to several million dollars, and in fact, the most expensive house on Potomac's market is $11.8 million. An additional four properties are slated to be added to the market soon. These detached homes range in price from $799,000 to $1.24 million.
There are 123 homes that are pending sale under contract. These homes also represent the high real estate values and diversity of Potomac's market. As of May 17, 2016, homes under contract range in price from $469,900 to $4.95 million. Keep in mind, however, these are the prices being discussed. They are not the final sales prices.
Sales prices in Potomac, tend to be just a bit lower when the sale is finalized. Since Jan 1, 2016, 144 homes have sold in Potomac. These homes have had price tags ranging from $424,900 to $4.2 million.
Marc Cormier is the author of the best-selling book "Cracking the Real Estate Code". His book promises to help both buyers and sellers get the best deals on their real estate transactions. Born and raised in New York, Marc has become a trusted expert on regional real estate trends in the Maryland area.
If this snapshot of Potomac's real estate market has whetted your interest, check out Potomac House for more details.