Avery-Hess, Realtors Blog » Damascus http://www.averyhessblog.com The Avery-Hess, Realtors Blog Mon, 06 Feb 2012 21:07:10 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Damascus, MD Market Report – 12/19/11 http://www.averyhessblog.com/2011/12/damascus-md-market-report-%e2%80%93-121911/ http://www.averyhessblog.com/2011/12/damascus-md-market-report-%e2%80%93-121911/#comments Mon, 19 Dec 2011 17:51:46 +0000 Kristin Maynard http://www.averyhessblog.com/?p=4272

Damascus is an unincorporated area in northern Montgomery County.  Although there is a large population grown and urban development, Damascus still retains its small town feel.

Damascus has seen significant new housing growth in recent years.  Housing costs in Damascus are among some of the highest in the nation, however the real estate prices don’t compare to real estate prices in the most expensive communities in Maryland.

Here is the latest Real Estate Data on Damascus, MD:

20872 Damascus, MD

Statistic Values YoY MoM
Total Sold Dollar Volume $1,783,400 +61.39% -29.26%
Closed Sales 5 +66.67% -44.44%
Median Sold Price $349,900 -14.66% +16.63%
Avg Sold Price $356,680 -3.16% +27.34%
Avg Days on Market 61 days -35.79% -42.99%
Avg Sold to Orig List Ratio 89.72% -0.92% -0.09%

Damascus High School is the only high school in the greater Damascus area and is well-known for strong academics and championship athletic teams.   Damascus also benefits from a large, well-funded youth athletic program, the Damascus Sports Association.  Damascus High School is one of the few schools in the State that still holds its graduation ceremonies on the school’s football field.  In 2000 the commencement speaker was General Colin Powell.

Damascus has many types and styles of homes for sale and the community offers many events of interest and amenities that are unique to the area.  The town has many outdoor activities to enjoy and has a family friendly atmosphere about it.

Market data and commentary provided by Kathy Fleskes & Serena Toro, Rockville Avery-Hess, Realtors Office.

 

 

]]> http://www.averyhessblog.com/2011/12/damascus-md-market-report-%e2%80%93-121911/feed/ 0 Damascus, MD Market Report – 11/25/09 http://www.averyhessblog.com/2009/11/damascus-md-market-report-%e2%80%93-112509/ http://www.averyhessblog.com/2009/11/damascus-md-market-report-%e2%80%93-112509/#comments Wed, 25 Nov 2009 17:00:25 +0000 Amit Kulkarni http://averyhessblog.com/?p=1088 Located in the northern end of Montgomery County, Damascus is a terrific place to live. Damascus has numerous Sports leagues, a volunteer fire department, the July Fireman’s Carnival, and several holiday parades. It’s like small town living used to be 40 years ago. Although the new Damascus Centre gives local residents a choice of two grocery stores and retail centers to choose from. A little known fact about Damascus is that it is still a “dry” city, meaning that no alcohol can be sold or served there. On your way to see Damascus, be sure to take time to stop and visit Butler’s Orchard off of Route 27.

Read on to find out more about the market conditions in Damascus, Maryland.

  • Homes for sale: 70
  • Closed sales: 11
  • Average sold price: $314,186
  • Average days on market: 77

Prices are stable in the Damascus region at this time after taking a big drop in the early and middle part of the recession. There is huge demand for homes as shown by the numerous multiple-offer situations that sellers are experiencing. Though inventory is down by 30% from the same time one year ago,  Damascus has homes in a wide range of prices. The majority of the housing in Damascus is single family detached or townhouses.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker. David raised his children in Damascus, who attended Damascus High School in the 1990s.

Search for homes in Potomac, and all of the DC Metro: www.averyhess.com

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