Kensington, MD Market Report – 4/20/11

Since its establishment in 1894, Kensington has been a wonderful place to live and explore.  Residents of Kensington are proud of their tree-lined streets, gardens and parks that are reminiscent of the town’s early years.  There are many small enclaves of homes ranging from large mansions to smaller cape cods and ranchers.  Home prices range from the $300,000 to $1 Million+.

Although the town itself is less than one square mile, it is surrounded by the Montgomery County suburbs and is accessible to the county transportation system; making it a convenient place to live.  The town has its own Mayor and although it relies on the county for some services, it does manage many services on its own.

The citizens of Kensington are among the few that can honestly brag that the Real Estate bottom has come and gone.  With a Total Sales Volume of $8,010,210 just last month, which is up not only 2.05% over last month, and up 80.39% – yes, I said – 80.39%, over this time last year!

Before prices climb any higher you may want to join the residents of Kensington; who love the small town life, its unique shops, restaurants as well as the easy access to the Washington D.C.

Market data and commentary provided by Kathy Fleskes, Rockville Managing Broker and Serena Toro, Rockville Administrative Manager.
Search for homes in Kensington, and all of the DC Metro: www.averyhess.com

Kensington, MD Market Report – 11/2/09

The following statistics represent the market in Kensington, located within Montgomery County, Maryland:

• Homes for sale: 81
• Closed sales: 14
• Average sales price: $579,868
• Average days on market: 71

With their close proximity to the District of Columbia, homes in Kensington maintain a high average sales price. In fact, the average sales price in Kensington this year is 8% higher than at the same time last year. Kensington did not experience the large number of foreclosures that many outlying suburbs have, so its home values have held up well and even slightly increased. Though many of the neighborhoods were built through the 1940s, 50s and 60s, some of the original houses have been torn down and new homes have been built on those same lots because of the great location. Meanwhile, other houses have had additions and extensive remodeling done instead. Consequently, there can be great variation within any given neighborhood.

One of the things locals know about Kensington is Antique Row, which is on Howard Avenue in the commercial section of Kensington. It is a great place to spend a day looking for treasures.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

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