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December 3, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Gaithersburg, Maryland

Reported by Ajay Kasana, Broker, Certified Distressed Property Expert

Updated September 16, 2009.

Current Market Rating: 2




1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 3




1
2
3
4
5
Falling

Rising

Market conditions are more stable now compared to couple of months back. New buyers are not waiting anymore and are ready to buy a home based on their criteria. The market is also offering them a lot of options with a wide range of homes available for sale. Futhermore first time home buyers are receiving an added bonus of $8000 tax credit from the Government.

ZIP Codes: 20878, 20877, 20879, 20886

Location Characteristics: Gaithersburg is home to a diverse and active community of over 50,000 residents.

Major economic activities are biotechnology, telecommunications, and software development. Many of these activities are related to Federal Government contracts. Because of Gaithersburg's proximity to the Nation's Capital and these major industries, the City hosts many visitors, both foreign and domestic.

Throughout the year, the City sponsors many cultural events. During the spring and summer months, the City Hall Pavilion is busy with musical and theater groups, movies, and other special events. Art exhibits are located in various City facilities year round.

The City also hosts the Celebrate Gaithersburg in Olde Towne Street Festival where residents gather on the streets of the City's Olde Towne district to enjoy good food, arts and crafts, and a variety of family entertainment while celebrating the City's heritage.

Winter Lights is an extraordinary light display held in partnership with Seneca Creek State Park. To celebrate the holidays, people from all over come to see hundreds of holiday images created by colorful lights along a 3.5 mile drive.



For More Information:

View Market Conditions of other areas served by Ajay Kasana

Navigate: Top > Maryland > Gaithersburg

About Ajay Kasana:
Ajay has in the past worked full time as a Realtor with Remax for almost six years and than decided to open his own real estate company - S 4 Realty. S 4 Realty is now 2 years in working and the team is growing steadily. Ajay is also certified as a CDPE (Certified Distressed Property Expert) which gives him the necessary tools to help assist buyers and sellers in short sales. Ajay is licensed as a broker in Maryland, Virginia and District of Columbia.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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